WuXi AppTec buys back $27m shares amid rising prices

WuXi AppTec Co., Ltd. repurchased 327,200 A shares for $27 million on July 21, paying between $80.88 and $83.24 per share on the Shanghai Stock Exchange.

The repurchases are part of the company's 2025 share buyback program announced in March. The pharmaceutical services company has been consistently buying back shares since late June, when it paid around $66 per share.

The rising repurchase prices reflect a significant jump in WuXi AppTec's stock price, with the company paying over 25% more per share in July compared to late June purchases.