Biotech Trade Group Will Support a U.S. Bill Limiting China Ties

(Bloomberg) — BIO, the world’s largest trade group for the biotechnology industry, said it will support the United States’ Biosecure Act that aims to sever ties with some of China’s biggest health care companies — including WuXi AppTec Co. Ltd. — over reports they have ties to its communist government.

The group, whose leaders have discussed the serious consequences such a move may have on the U.S. pharmaceutical industry and the supply of medicine globally, is taking steps now to separate from WuXi AppTec regarding membership in the organization, according to a statement.