Biotechnology

Jurisdiction: MOFCOM / SAMR (China)

David Verroken acted in overseeing compliance by the merging parties with a combination of divestment and behavioural commitments:

• Carve-out of previously integrated activities into a standalone divestment business, and divestment.

• Sale of stake in held in a joint venture.

• Implementation of long-term committed market price reductions and distributor discounts.

• Sales and licencing arrangements for defined products with qualifying third parties.