WuXi PharmaTech (WX) Approves $30M Common Buyback

WuXi PharmaTech (Cayman) Inc. (NYSE: WX), has approved a share repurchase plan. Under this plan, the Company is authorized to repurchase up to $30 million of its American Depositary Shares, or ADSs, over the next eighteen months, from time to time, in open-market purchases on the NYSE Euronext at prevailing market prices, in trades pursuant to a Rule 10b5-1 repurchase plan, or otherwise, in accordance with applicable federal securities laws, including the anti-manipulation provisions of Rule 10b-18, promulgated under the U.S. Securities Exchange Act of 1934, as amended.

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