shares of wuxi biologics cayman inc rose sharply tuesday morning after a report that the company may be closer to being removed from a us trade list the biotechnology companys stock jumped 10 to 8550 hong kong dollars us1090 paring yeartodate losses to 76 a report by reuters said that chinese authorities allowed a us export control officer to conduct inspections of at least one company in the eastern city of wuxi last week according to a us commerce department official who declined to specify the company or companies a check was conducted at wuxi biologics last week the reuters report said citing an unnamed source two units of wuxi biologics were among 33 chinese organizations that the commerce department placed on an unverified list in february the list subjects foreign entities to tighter export controls and requires them to supply additional documents and be subject to other checks to transact with us companies