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 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
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

Business /  China Business

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

Topic |   Pharmaceuticals
Eric Ng
Eric Ng

Updated: 5:35pm, 23 Nov, 2020

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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 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
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
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