Daiwa Assigns Buy Rating to WUXI BIO; WUXI XDC Suggests Acquisition Offer for BIODLINK-B
WUXI BIO and WUXI XDC Acquisition: WUXI BIO and WUXI XDC announced a takeover bid of approximately HKD2.8 billion to acquire at least 60% of BIODLINK-B, which is expected to maintain its listed status post-acquisition.
Business Expansion Goals: The acquisition is projected to enhance WUXI XDC's operational production capacity in China, expand its project portfolio, increase its customer base, and strengthen its market position in the ADC contract development and manufacturing sector.
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M Stanley Maintains Overweight Rating on WUXI XDC; Firm Suggests Acquisition Offer for BIODLINK-B
WUXI XDC Takeover Bid: WUXI XDC has proposed a takeover bid for BIODLINK-B, raising investor concerns about the rationale behind the move, as noted in a Morgan Stanley report.
Financial Comparison: In the first half of 2025, BIODLINK-B reported revenue of RMB489 million and earnings of RMB4 million, while WUXI XDC's figures were significantly higher at RMB2.701 billion in revenue and RMB746 million in earnings.
Market Ratings: Morgan Stanley has rated WUXI XDC as Overweight with a target price of HKD88, indicating a positive outlook for the company.
BIODLINK-B's Strategic Shift: Since the 2020s, BIODLINK-B has shifted its focus from oncology drugs to a CDMO model centered around Antibody-Drug Conjugates (ADC).
Daiwa Assigns Buy Rating to WUXI BIO; WUXI XDC Suggests Acquisition Offer for BIODLINK-B
WUXI BIO and WUXI XDC Acquisition: WUXI BIO and WUXI XDC announced a takeover bid of approximately HKD2.8 billion to acquire at least 60% of BIODLINK-B, which is expected to maintain its listed status post-acquisition.
Business Expansion Goals: The acquisition is projected to enhance WUXI XDC's operational production capacity in China, expand its project portfolio, increase its customer base, and strengthen its market position in the ADC contract development and manufacturing sector.
