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WuXi AppTec, Inc.’s CEO Blames Short-Term Financial Concerns for Merger's Demise



7/30/2010 1:28:12 PM

July 30, 2010 -- In an open letter to interested parties, Dr. Ge Li, Chairman and CEO of WuXi AppTec, said “short-term financial concerns” were the reason its merger with Charles River Labs was not completed. Dr. Li expressed regret that the failure of the merger would slow WuXi’s evolution into a company with a broader set of CRO capabilities. More details...

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