Summary by Moomoo AI
WuXi Biologics (Cayman) Inc. (WuXi Biologics (Cayman) Inc.) issued a Clarification Notice on February 14, 2024, in response to a letter from U.S. Members of Congress dated February 12, 2024, referring to pharmaceutical biologics. The Company clarified that it is not a subsidiary of Wuxi Pharmaceutical Ming Kand New Drug Development Co., Ltd., and pointed out that the relevant statements in the letter are false. Pharma Biologics emphasizes being an independently operated listed company and reiterates that it does not pose a risk to national safety in the United States or other countries. The company stated that it will continue to adhere to the principles of business compliance and related laws and regulations and is committed to global healthcare services. The announcement was issued by the Chairman, Dr. Li Keung, on behalf of the Board, reminding shareholders and investors to exercise caution.