MoFo News Item

Morrison & Foerster Closes Major China Pharmaceutical M&A Transaction

9/27/2005

Hong Kong, September 27, 2005 – Morrison & Foerster represented Sino Biopharmaceutical Limited, a major pharmaceutical company in China, in its sale to Bausch & Lomb Incorporated of a 55% interest in Shandong Chia Tai Freda Pharmaceutical, a leading ophthalmic pharmaceutical company with well-established brand named lines of eye drops in China.

The purchase price was US$200 million and was paid in cash upon closing on September 26, 2005.

The Morrison & Foerster attorneys who helped Sino Biopharmaceutical Limited included, partner Tien-yo Chao and associates Raymond Oh and Winnie Ma from the Hong Kong office.

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