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WuXi PharmaTech Announces First-Quarter 2010 Results
Date:5/11/2010

SHANGHAI, China, May 11 /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 first-quarter 2010.

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

    Highlights
    -- First-Quarter 2010 Net Revenues Increased 36% Year Over Year to
       $80.6 Million
    -- Laboratory Services Net Revenues Grew 18% Year Over Year to
       $67.0 Million, Driven by Strong Organic Growth
    -- China-Based Laboratory Services Net Revenues Increased 20% Year Over
       Year to $50.0 Million
    -- Manufacturing Services Net Revenues Grew 433% Year Over Year to
       $13.6 Million
    -- GAAP Diluted Earnings Per ADS Grew 30% Year Over Year to 21 Cents
    -- Non-GAAP Diluted Earnings Per ADS Increased 26% Year Over Year to
       25 Cents
    -- Company Believes It Will Achieve Upper End of Previous Guidance Ranges
       for 2010 Net Revenues and Operating Income

Management Comment

"We were pleased with our performance in the first quarter," said Dr. Ge Li, Chairman and Chief Executive Officer of WuXi PharmaTech. "The quarter was characterized by strong year-over-year revenue growth in both our Laboratory Services and Manufacturing Services businesses and continued investment in new opportunities t
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SOURCE WuXi PharmaTech (Cayman) Inc.
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