CMS has announced the opening of a new office in Beijing, the office will initially focus on the Lifesciences sector.
Large pharmaceutical multinationals are expanding their presence in China as the country presents a huge market opportunity. Industry developments are rapidly turning China into one of the world’s biggest pharmaceutical powerhouses.
Nick Beckett, UK Lifesciences Sector Group Head and leading the team in Beijing comments, “China is an especially attractive mergers and acquisitions destination for European and US drug-makers hoping to ride out the wave of imminent patent expirations. It is a prime location for companies looking to diversify their pipelines and make up for any shortfall. Our office further enhances our ability to assist clients in these “pharmerging” regions with cutting edge lifesciences expertise.
The launch of the new office takes the number of lawyers in China to more than 30, between CMS’ Shanghai and Beijing offices.
About CMS Lifesciences Group
• CMS acted for 16 of the 20 top global pharma companies in the last 12 months.
• CMS’ Lifesciences Group comprises more than 180 dedicated lawyers globally.
• CMS advised Takeda Pharmaceutical Company Limited, the largest Japanese pharmaceutical company, on its transformational €9.6 billion acquisition of Swiss drug company Nycomed A/S (“Nycomed”).
• CMS did more M&A deals in Europe in the Lifesciences sector than any other firm in each of the last 3 years.