Wiggin and Dana Advises Main Life Corporation Ltd. in Sale of Equity Interest of PRC Sino-Foreign Joint Venture

April 15, 2015

Wiggin and Dana served as U.S. counsel to Main Life Corporation Ltd., a Hong-Kong based pharmaceutical distribution company, in the sale of its equity interest in Chongqing Taihao Pharmaceutical Co., Ltd., a PRC-based sino-foreign joint venture engaged in the research and manufacturing of active pharmaceutical ingredients, to a U.S.-based specialty oncology pharma company. The consideration for the sale included an undisclosed amount of cash and stock of the buyer.

Advising Main Life in the transaction were Corporate partner David B. Schaffer, Tax partner Peter H. Gruen, Corporate associates Tobias F. Bannon, III and Mila van Kempen and Tax associate Jennifer Levine.