25 September 2012

CMS set for Beijing launch

London-based franchised legal and tax services firm CMS has today announced the opening of a Beijing office, which will initially focus on the life sciences sector.

By James Barnes

Beijing: CMS targeting life sciences

The firm is hoping to take advantage of the growing presence of large multinational pharmaceutical companies in the region, following industry developments that have catapulted China into a sector powerhouse.

Patent expirations

CMS’ life sciences sector group head Nick Beckett – who will lead the Beijing team – commented: ‘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.’
The launch will see CMS – which claims to have acted for 16 of the global top-20 pharma companies in the last 12 months – boost its China ranks to 30, split between offices in the capital and Shanghai.

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