SHANGHAI , Jan. 9, 2015 /PRNewswire/ -- WuXi PharmaTech (NYSE: WX), a leading open-access R&D capability and technology platform company serving the pharmaceutical, biotechnology, and medical device industries with operations in China and the United States, today announced that it has updated its 2014 financial guidance. The company expects to achieve total revenues for full-year 2014 of approximately $674 million, compared to previous guidance of $670-672 million. The company expects to achieve diluted EPS of approximately $1.87 (non-GAAP) and approximately $1.56 (GAAP), compared to previous guidance of 1.83-1.86 (non-GAAP) and $1.55-1.58 (GAAP).
WX:NYSE is where RCHA had competed its GMP clinical batch of RP-323 study drug that was manufactured at the WX:NYSE state-of-the-art facility. RCHA is the company that developed the new formulation and all regulatory required testing methods in 2014, but RCHA transferred the proprietary technology ”successfully” to WX:NYSE for the GMP production of RP-323. This is huge.
Also, WX:NYSE is expected to generated approximately $674 Million in Revenues and to deliver profitability in the area of $1.56 to $1.87 EPS (Earnings Per Share) I bring this point up because I am confident that the due diligence for a company of this magnitude believe this much in RCHA, then I must humble myself and any DD that I think is worthy of passing any kind of negative judgment on this company’s future.
HANGHAI , Jan. 9, 2015 /PRNewswire/ -- WuXi PharmaTech (NYSE: WX), a leading open-access R&D capability and technology platform company serving the pharmaceutical, biotechnology, and medical device industries with operations in China and the United States, today announced that it has updated its 2014 financial guidance. The company expects to achieve total revenues for full-year 2014 of approximately $674 million, compared to previous guidance of $670-672 million. The company expects to achieve diluted EPS of approximately $1.87 (non-GAAP) and approximately $1.56 (GAAP), compared to previous guidance of 1.83-1.86 (non-GAAP) and $1.55-1.58 (GAAP).