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WuXi PharmaTech Announces First Quarter 2008 Results
Date:5/27/2008

lated deficit (43,441) (57,302)

Accumulated other comprehensive income 14,058 7,835

Total shareholders' equity 294,755 251,398

Total liabilities and shareholders' equity 408,292 343,775

Note 1: Amounts were based on the preliminary purchase price

allocation from management's best estimation. They are subject to

final valuation from a third-party professional appraisal firm.

They may be significantly different from our estimate and subject

to potential adjustments. At the same time, final valuation may

also lead to potential adjustments for other accounts related to

the acquisition.

Note 2: Eight (8) ordinary shares are equal to one (1) ADS

WUXI PHARMATECH (CAYMAN) INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands of US dollars, except ADS and per ADS data)

Three Months Ended March 31,

2008 2007

Net revenues:

Laboratory services 38,443 21,676

Manufacturing services 18,617 12,143

Total net revenues 57,060 33,819

Cost of revenues:

Laboratory services (19,523) (10,881)

Manufacturing services (13,270) (7,266)

Total cost of revenues (32,793) (18,147)

Gross Profit 24,267 15,672

Operating expenses:

Selling and marketing expenses (1,407) (738)

General and administrative expenses (11,198) (9,090)

Total
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SOURCE WuXi PharmaTech
Copyright©2008 PR Newswire.
All rights reserved

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Related biology technology :

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5. Massachusetts Governor Deval L. Patrick Pays Visit to WuXi PharmaTech
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10. Quest PharmaTech and BC Cancer Agency to Develop Immuno Photodynamic Therapies for Lung Cancer
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