WuXi PharmaTech Announces Q4 2011 Results
The leading contract research outsourcing provider's fourth-quarter 2011 net revenues increased 22.5% year over year to $108.5 million.
WuXi PharmaTech (Cayman) Inc., announced Thursday its financial results for the fourth quarter and full year of 2011.
Fourth-quarter 2011 net revenues increased 22.5% year over year to $108.5 million mainly due to 56.1% growth in Manufacturing Services revenues and 20.8% growth in China-based Laboratory Services revenues.
Full-year 2011 net revenues increased 21.9% year over year to $407.2 million mainly due to 91.8% growth in Manufacturing Services revenues and 14.7% growth in China-based Laboratory Services revenues.
"WuXi completed a successful 2011 with a solid fourth quarter, driven by strong revenue performances in both Manufacturing Services and Laborator
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