Goodwin ProcterGoodwin Nabs Sidley Life Sciences Partner in Hong Kong
Wendy Pan joins Goodwin as the firm prepares for increased Chinese investment in biotech companies around the world.
May 29, 2019 at 12:10 PM
2 minute read
At a time when China's biotech industry is booming, Goodwin Procter has hired life sciences partner Wendy Pan in Hong Kong from Sidley Austin.
Pan, who is U.S.-qualified, focuses on advising multinational life sciences and technology companies and venture and private equity firms in structuring and negotiating mergers and acquisitions, private and public investments, and intellectual property-based transactions.
In 2016, Pan advised U.S. venture capital firms Arch Venture Partners and Venrock on a $48 million Series-C financing by Chinese drug developer Hua Medicine.
Pan leaves Sidley after four years as a partner in New York and Hong Kong. Previously, she was a Shanghai partner at O'Melveny & Myers, having made partner in in 2013. Earlier in her career, she practised with Morgan, Lewis & Bockius; Skadden, Arps, Slate, Meagher & Flom; and Sullivan & Cromwell. Pan holds a Ph.D. in chemistry from Columbia University.
Mitchell Bloom, the chair of Goodwin Procter's life sciences practice, said in a statement that Pan's appointment comes as Chinese investors are a significant capital source for biotech companies around the world.
"China is well on its way to becoming the second-largest biotech market in the world next to the United States," he said, noting the Hong Kong Stock Exchanges' recent listing rule change to allow pre-revenue biotech companies to list in the city.
Early last year, Hong Kong-based corporate partner Nian Qing, who specialised in technology and life science deals, left Goodwin to join Nasdaq-listed early-stage Chinese cancer drugmaker BeiGene Ltd., a longtime firm client, as corporate and Asia-Pacific assistant general counsel in Beijing.
Since then, funds partner Gregory Barclay relocated to Hong Kong from London and the firm recruited former Cleary Gottlieb Steen & Hamilton Hong Kong associate Bosco Yiu as a private equity partner, both in 2018.
Former private funds partner Brian McDaniel, who co-founded Goodwin's Hong Kong office in 2008 with firm Asia chair Yash Rana, left earlier this year and recently joined Wilson Sonsini Goodrich & Rosati's Palo Alto, California, office.
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Goodwin Procter Relocates London Partner to Hong Kong as Corporate Partner Leaves
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