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WuXi PharmaTech Announces Second-Quarter 2010 Results

SHANGHAI, Aug. 2 /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 its second quarter ending June 30, 2010.

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    -- Second-Quarter 2010 Net Revenues Increased 21% Year Over Year to $81.0
    -- Laboratory Services Net Revenues Grew 18% Year Over Year to $72.6
    -- China-Based Laboratory Services Net Revenues Increased 18% Year Over
       Year to $52.7 Million
    -- U.S.-Based Laboratory Services Net Revenues Increased 19% Year Over
       Year to $19.9 Million
    -- Manufacturing Services Net Revenues Grew 55% Year Over Year to $8.4
    -- GAAP Diluted Earnings Per ADS Declined 8% Year Over Year to 18 Cents,
       Reflecting Non-Recurring Deal Costs Associated With the WuXi - Charles
       River Merger of 4 Cents Per Share
    -- Non-GAAP Diluted Earnings Per ADS Increased 10% Year Over Year to 27
    -- Company Increases Full-Year 2010 Guidance for Operating Income to 15-
       20% Growth, Reconfirms Remaining Full-Year 2010 Guid
SOURCE WuXi PharmaTech (Cayman) Inc.
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