WuXi Biologics (Cayman) (OTCMKTS:WXXWY) Stock Price Up 8% – Here’s Why

WuXi Biologics (Cayman) Inc. (OTCMKTS:WXXWY) rose 8% during trading on Monday . The stock traded as high as $9.13 and last traded at $9.09. Approximately 1,566 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 75,101 shares. The stock had previously closed at $8.42.

WuXi Biologics (Cayman) Trading Up 4.2%

The firm has a fifty day moving average of $8.36 and a 200 day moving average of $8.92.

About WuXi Biologics (Cayman)

WuXi Biologics (Cayman) Inc, trading OTC as WXXWY, is a global contract research, development and manufacturing organization (CDMO) specializing in biologics. Founded as a spin-out from WuXi AppTec and incorporated in the Cayman Islands in 2017, the company offers end-to-end support across the biologics value chain. Its service portfolio encompasses discovery biology, analytical development, process chemistry and large-scale manufacturing for therapeutic proteins and antibodies.

The firm’s core offerings include the development of monoclonal antibodies, recombinant proteins and cell and gene therapy vectors.