The U.S. Senate version of the Biosecurity Act passed hearings with 11 to 1

Mondo Social Updated on 2024-03-07

"Science and Technology Innovation Board**" on March 7 (Reporter Zheng Bingxun).At 9:30 a.m. local time on March 6, the U.S. Senate Committee on Homeland Security and Affairs held a hearing, one of the items on the agenda was to review the Senate version of the "Biosecurity Act" (number: s.).3558)。

The results of the hearing showed that SBill 3558 was passed by an overwhelming 11-1 vote, and Gary Peters, the bill's sponsor, announced the result on the spot, "The motion is agreed.")。

The chief pharmaceutical officer of a research institute told the reporter of the "Science and Technology Innovation Board" that "in the short term, it will undoubtedly impact the stock price of enterprises, but the bill is still far from real legislation", which means that it remains to be seen whether there are still other variables in the follow-up of the bill.

The purpose of the bill is to prohibit the U.S. federal government from contracting with certain biotechnology providers with ties to foreign competitors, including BGI (300676).SZ), WuXi AppTec (2359.)HK) and so on. Prior to this, the bill had already experienced a hearing delay.

It is worth mentioning that a week before the hearing (February 28), the official website of the White House issued an executive order of Biden in the United States, which aims to protect the sensitive personal data of Americans from the use of relevant countries.

BOCOM International believes that the executive order does not mention WuXi companies that focus on CDMO services, so the sector investment sentiment has recovered. On the disk, WuXi AppTec's share price closed up 1 on February 2967 percentage points, and then closed up for many trading days, and on March 4, it was **1254%。

In fact, the reporter of the "Science and Technology Innovation Board**" checked the official website of the White House and found that the text of the executive order neither named WuXi nor mentioned the BGI department, but pointed out that it will focus on the most personal and sensitive information of Americans, includingGenomic data, biometric data, personal health data, geolocation data, financial data, and certain types of personally identifiable information.

Therefore, it has also been argued that the role of the Executive Order is in the same vein as that of the Biosafety Act.

Wind data shows that in 2022, WuXi AppTec's revenue from abroad accounted for 80%.88%, and the mainland region has an income of 1904%, in the same period, BGI's Hong Kong, Macao, Taiwan and overseas revenue accounted for 4859%, of which only 347%。

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