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WuXi PharmaTech Announces Fourth-Quarter and Full-Year 2009 Results
Date:3/8/2010

SHANGHAI, China, March 8 /PRNewswire-Asia/ -- WuXi PharmaTech (Cayman) Inc. (NYSE: WX), a leading research and development outsourcing company serving the pharmaceutical, biotechnology, and medical device industries, with operations in China and the United States, today announced its financial results for fourth-quarter and full-year 2009.

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

    Fourth-Quarter 2009 Highlights

    -- Net revenues grew 15% year over year to $73.9 million
    -- Laboratory Services net revenues increased 18% year over year to $67.5
       million
    -- China-based Laboratory Services net revenues grew 21% year over year to
       $51.4 million
    -- U.S.-based Laboratory Services net revenues increased 7% year over year
       to $16.2 million
    -- Manufacturing Services net revenues decreased 10% year over year to
       $6.3 million
    -- GAAP diluted earnings per ADS was 16 cents, versus a loss in the
       prior-year period
    -- Non-GAAP diluted earnings per ADS grew 56% year over year to 22 cents

    Full-Year 2009 Highlights

    -- Net revenues grew 7% year over year to $270.0 million
    -- Laboratory Services net revenues increased 22% year over year to $249.9
       million
    -- China-based Laboratory Services net revenues grew 26% year over year to
       $185.8 million
    -- U.S.-based Laboratory Services net revenues increased 2% year over year
       on a pro-forma basis to $64.1 million
    -- Manufacturing Services net revenues decreased 58% year over year to
       $20.
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SOURCE WuXi PharmaTech (Cayman) Inc.
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