HONG KONG—The shares of one of China’s most valuable biotechnology companies plummeted Tuesday, losing almost a quarter of their value after the U.S. Commerce Department flagged concerns about the firm to American exporters.
Two units of Wuxi Biologics Inc., a Jiangsu-headquartered firm whose stock is listed in Hong Kong, were among 33 Chinese organizations that were added to an “unverified list” by the Commerce Department on Monday.
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