Chinese biotech denies party links

GenScript Biotechnology (1548) stressed in a filing that it is not under the control of any government, responding to an appeal in the United States to investigate the impact of Chinese Communist Party on the company.

In a letter dated May 30 to the FBI and the US office of the director of national intelligence, committee chair John Moolenaar and ranking member Raja Krishnamoorthi said GenScript's work with US companies and the government raises concerns about the intellectual property of US firms and could help improve China's biotech capabilities. The three subsidiaries cited in the letter are Bestzyme, Legend Biotech and ProBio.

In the filing yesterday, GenScript said it will actively help the US committee better understand its business and decades-long commitment to being a force for good in life sciences and society.