Market SentimentDespite strong demand for antibody-drug conjugates, the potential passing of the Biosecure Act is causing negative market sentiment, leading to a decline in share prices for Chinese CXOs.
Political UncertaintyThere is a higher likelihood of the Biosecure Act being implemented due to a shift in political power, which adds uncertainty to WuXi Biologics' future operations in the US market.
Regulatory RiskThe Biosecure Act poses a significant threat to WuXi Biologics as it could ban US companies from dealing with the firm, affecting over half of its business.