Disruptions from China’s strict Covid control measures this year have hurt not only consumer-facing companies, but also the country’s growing field of contract research outsourcing (CRO) companies that provide R&D, testing and manufacturing services to drug makers. But don’t tell that to Joinn Laboratories (China) Co. Ltd. (6127.HK; 603127.SH), a leader in the field, which has maintained strong growth so far this year in defiance of market expectations.
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