Warburg Pincus Acquires 5.4% of WuXi PharmaTech's Outstanding Ordinary Shares from United Ove... ( SHANGHAI China July 14 /Xinhua-- ...)

Warburg Pincus Acquires 5.4% of WuXi PharmaTech's Outstanding Ordinary Shares from United Overseas Bank

Date:7/14/2008

SHANGHAI, China, July 14 /Xinhua-PRNewswire/ -- WuXi PharmaTech (NYSE: WX), a leading pharmaceutical, biotechnology and medical device research and development outsourcing company with operations in China and the United States, today announced that Warburg Pincus, the global private equity firm, has acquired 5.4% of its outstanding ordinary shares from affiliates of United Overseas Bank.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040705/CNM002LOGO )

At the closing of the transaction on July 2, 2008, affiliates of United Overseas Bank (UOB), one of the early venture investors of WuXi PharmaTech, sold to Warburg Pincus a total of 26,808,496 ordinary shares, equivalent to 3,351,062 American Depositary Shares. A beneficial ownership statement Schedule 13D with respect to this acquisition was filed with the Securities and Exchange Commission.

''I am very delighted that Warburg Pincus has decided to invest in WuXi. As a premier global private equity firm with tremendous experience in the life science industry, Warburg Pincus not only will strengthen our investor base, but more importantly we believe that it will provide strategic and business assistance to us,'' commented Dr. Ge Li, Chairman and CEO of WuXi PharmaTech.

''We are pleased to become a shareholder of WuXi PharmaTech which is a clear leader in the rapidly growing drug and medical device outsourcing industry. WuXi has an impressive track record of growth and a distinguished reputation for customer service,'' said Mr. Stewart Hen, Managing Director of Warburg Pincus based in New York. Added Mr. Dai Feng, Principal of Warburg Pincus based in China, ''With our global expertise in healthcare and our deep understanding of the off-shore operating environment, we hope to assist WuXi in achieving its strategic and financial goals.''

About WuXi PharmaTech

Established in December 2000, WuX
'/>"/>

SOURCE WuXi PharmaTech (Cayman) Inc.
Copyright©2008 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3
Related biology technology :

1. Bioniche Pharma Acquires Baxters ENLON(R) and ENLON-PLUS(R)
2. Neogen Acquires Product Line From DuPont Animal Health Solutions
3. Decision Resources, Inc. Acquires Manhattan Research
4. Fontus Pharmaceuticals Acquires Nephrology and Endocrinology Drug from Roche Laboratories Inc.
5. Miltenyi Biotec GmbH Acquires Medic Tools AG
6. Pacific Biosciences Acquires Single Molecule Sequencing Technology from LI-COR Biosciences
7. Touch Bionics acquires LIVINGSKIN
8. Beckman Coulter Acquires Rights to Hepatitis C Virus
9. China Yingxia International, Inc. Acquires Grocery Chain and Online Distribution Network
10. China Sky One Medical, Inc. Acquires Heilongjiang Haina Pharmaceutical Inc.
11. Royalty Pharma Acquires Royalty Interest in RotaTeq(R) from The Childrens Hospital Foundation for $182 Million

Post Your Comments:

(Date:2/8/2010)... CHENGDU, China , Feb. 8 /PRNewswire-Asia-FirstCall/ -- ... supplier,of modernized traditional Chinese medicine ("TCM") based in ... quarter ended December 31, 2009 . , , ... to $14.9 Million, Net Income Increased, ... EPS of $0.11 on a diluted basis, ...

(Date:2/8/2010)... Biocell Center announced today its further ... the Society for Maternal-Fetal Medicine,s (SMFM) annual meeting. ... and Ob/Gyn doctors worldwide for several years," said ... Corporation. "We understand the effects that high-risk pregnancy ... are hoping to inform women undergoing amniocentesis that ...

(Date:2/8/2010)... LaVoie Group, a life science-focused strategic communications agency, announced today ... provider of healthcare brands and services in Asia Pacific, to ... , ... Salem, MA (Vocus) February ... strategic communications agency, announced today that it has been selected ...

(Date:2/5/2010)... and politicians, and has been recounted everywhere from tourist ... forces used chemical weapons on Iraqis just after World ... been fully squared with the historical record, says R. ... Douglas,s research, forthcoming in the December issue of The ... ever occurred. , Allegations of chemical bombings by ...

[0] Tianyin Pharmaceutical Co., Inc. Announces Record Second Quarter 2010 Financial Results [0] Biocell Center Furthers Its Commitment to Maternal-Fetal Medicine [0] Invida Selects LaVoie Group as Public Relations Agency of Record [0] Despite claims, UK did not gas Iraqis in the 1920s, new research finds

... treatment of HIV-positive individuals with American Biotech ... improvement in the condition of the subjects after ... nanosilver particles can block entry of the ... ALPINE, UT, Aug. 29 /PRNewswire-FirstCall/ - American Biotech ...

... New Date for Anticipated VentriPoint Diagnostic System Launch, ... and Analysis, SEATTLE, Aug. 29 VentriPoint ... its management discussion and,analysis (MD&A), as well as ... June 30, 2008, with the Canadian Securities Administrators,through ...

... Wolf Well-Positioned to Help Drive Company ... ... Inc., a company,poised to revolutionize spine care through the development of molecular,diagnostic ... the company,s new Vice President of Reimbursement and,Regulatory Affairs., In her ...

Other Biology Technology:Preliminary Report of American Biotech Labs HIV Study Featured in Inaugural Issue of Journal of the Science of Healing Outcomes 2 VentriPoint Diagnostics Files Management Discussion and Analysis, Unaudited Financial Results for 2Q 2008 2 Axial Biotech Names New VP of Reimbursement and Regulatory Affairs 2

Preliminary Report of American Biotech Labs HIV Study Featured in Inaugural Issue of Journal of the Science of Healing Outcomes VentriPoint Diagnostics Files Management Discussion and Analysis, Unaudited Financial Results for 2Q 2008 Axial Biotech Names New VP of Reimbursement and Regulatory Affairs

(Date:2/9/2010)... CITY, Calif. , Feb. 9 ... fingerprint identity and authentication solutions, continues to ... for restaurants and franchise owners. The latest ... ™ restaurant Point-of-Sale (POS) software, featuring U.are.U® ... unveiled at the Digital Dining National Dealer ...

(Date:2/8/2010)... of Technology (Caltech) and their colleagues have tied ... specific structure in the brainthe amygdala. , The ... the journal Proceedings of the National Academy ... behavior, and also into the role of the ... in the medial temporal lobes. The amygdala registers ...

(Date:2/8/2010)... (SACRAMENTO, Calif.) Advanced maternal age is linked to ... autism, regardless of the father,s age, according to an ... 1990s by UC Davis Health System researchers. Advanced paternal ... the father is older and the mother is under ... the February issue of the journal Autism Research, ...

Breaking Biology News(10 mins):Digital Dining Customers Demand Fingerprint Biometrics in Point-of-Sale Technology 2 Digital Dining Customers Demand Fingerprint Biometrics in Point-of-Sale Technology 3 Caltech neuroscientists discover brain area responsible for fear of losing money 2 UC Davis study confirms link between advanced maternal age and autism 2 UC Davis study confirms link between advanced maternal age and autism 3 UC Davis study confirms link between advanced maternal age and autism 4 Improving Care for Cardiac Patients is Centerpiece of American Society of Nuclear Cardiology Meeting 51101 1 Improving Care for Cardiac Patients is Centerpiece of American Society of Nuclear Cardiology Meeting 51101 2 Special Olympics Minnesota Athletes Take Part in Free Vision Screening at Lions Club International Annual Convention 51096 1 Special Olympics Minnesota Athletes Take Part in Free Vision Screening at Lions Club International Annual Convention 51096 2 Humans Can Develop Bat Like Echolocation 51093 1 Humans Can Develop Bat Like Echolocation 51093 2

[0] Digital Dining Customers Demand Fingerprint Biometrics in Point-of-Sale Technology [0] Caltech neuroscientists discover brain area responsible for fear of losing money [0] UC Davis study confirms link between advanced maternal age and autism

... a key brain protein known to underlie a form of ... growth and branching of neurons, researchers have found. They have ... of the gene called LRRK2 and how it affects neurons, ... is central to the pathology of PD, and loss of ...

... discovered in the West Australian Kimberley has been identified ... century-old theory on how the first land animals evolved. ... Mr Tim Holland were part of the research team, ... Long, that made the spectacular discovery by studying a ...

... Many of them had narrow, pointed teeth, which were more ... how did they then grind their food? Until recently many ... they swallowed. In their muscular stomach these then acted as ... seem to be correct, as scientists at the universities of ...

Other Biology News:Parkinson's mutation stunts neurons 2 Dinosaurs -- stones did not help with digestion 2 Dinosaurs -- stones did not help with digestion 3

Parkinson's mutation stunts neurons West Australian fossil find rewrites land mammal evolution Dinosaurs -- stones did not help with digestion

Mouse Anti-Gemin2...

Human Presenilin-2 NTF Affinity Purified Polyclonal Ab...

... Inventory Racks for cryogenic vials. ... cardboard or stainless steel boxes ... cryo vials. Vapor phase ... Platform risers to be ...

... This volume provides excellent background information, detailed ... of major HIV proteins including: the HIV ... and protease. Expression of HIV proteins using ... assays; HIV/CD4 interactions; transient assays for Nef-induced ...

Biology Products:

Mouse Anti-Gemin 2 Monoclonal Antibody, Unconjugated, Clone 2E17 from ImmuQuest Ltd.Goat Anti-Human Presenilin-2 NTF Polyclonal Antibody, Unconjugated from R&D Systems CryoPlus Square Rack, CP-13-2-CW/100, 27-11/32" OAH from Thermo Scientific HIV Volume 2 (Biochemistry, Molecular Biology and Drug Discovery) from Promega

Warburg Pincus Acquires 5.4% of WuXi PharmaTech's Outstanding Ordinary Shares from United Ove...( SHANGHAI China July 14 /Xinhua-- ...)