Genscript Biotech’s executives have come under the microscope on suspicion of smuggling prohibited goods under the state’s export and import regulations. Photo: AFP
Pharmaceuticals
Genscript Biotech plunges after chairman of Chinese gene and cell therapy firm is arrested on suspected smuggling offence
- Stock headed for the biggest drop since September 22, rocked by news of its chairman being placed under residential surveillance
- Investigations related to management of human genetic sources such as organs, tissues and cells, local media Caixin reported in September
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Pharmaceuticals
Genscript Biotech’s executives have come under the microscope on suspicion of smuggling prohibited goods under the state’s export and import regulations. Photo: AFP