Time To Root For Chinese Drug & Biotech? (WX)
May 15, 2009 · Filed Under General · Comments Off
Much of the cheer and fanfare has been vacant at many drug and biotech firms for some time, despite the notion that there have been many mergers in the group. This particularly the case for some of the emerging companies or the ones located in lesser known areas for investors in this sector. That is where Wuxi PharmaTech, Inc. (NYSE: WX) comes into play.
We just saw earnings last night, and there have been two analyst upgrades this morning. This one has been battered an tattered over the last year, even if you take into consideration the notion that this one has recovered 100% from the market lows in early March.
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