WuXi PharmaTech to Form $50 Million Venture Fund

WuXi PharmaTech has formed a $50 million corporate venture fund. The company listed a number of objectives behind the initiative, the first of which is to fund technologies that will increase WuXi’s service capabilities. The fund also hopes to help innovative scientists bring their breakthroughs to realization, and not surprisingly, WuXi expects to make money from the investments. The profits will come, said WuXi, as the investments grow in value and through the company’s access to new revenue-generating technologies. More details.... Stock Symbol: (NYSE: WX)     Share this with colleagues: