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ShangPharma Receives Strategic Investment from TPG
Date:10/30/2007

nce its corporate governance and expand its reach to potential customers.

Mr. Geoff Duyk, M.D., D. Phil., Partner and Managing Director of the TPG Biotech Fund, said, "TPG is excited about the unique opportunity to invest in this leading player in the pharmaceutical outsourcing sector of the PRC. Our biotech team possesses strong global industry knowledge and expertise that will benefit ShangPharma as it expands its business." Mr. Duyk added that the Group would also gain operational and technical expertise from the synergies created with TPG's portfolio companies in biotech, drug development and healthcare services.

About ShangPharma

ShangPharma is the holding company of Shanghai ChemPartner Co., Ltd. and Shanghai ChemExplorer Company Ltd. With ChemPartner as its flagship company, ShangPharma is a leading pharmaceutical and biotechnology research and development outsourcing company that provides customized services to international pharmaceutical, biotech, agrochemical and chemical companies. ShangPharma offers global pharmaceutical and biotechnology companies "integrated service" for all of their Research and Development needs. ShangPharma currently has a team of more than 1,100 professionals, and more than 40% of the employees have post-graduate educational experience of Master or Ph.D. degrees. The Group's leadership team has professional and educational background from all over the world, either with extensive overseas R&D experience in pharmaceutical or biotech companies and universities or trained at top chemistry research institutes in China before joining ShangPharma. More information is available at http://www.ShangPharma.com .

About TPG

TPG is a private investment partnership that was founded in 1992 and currently has more than $35 billion of assets under management. Through its investment platforms, TPG Capital and TPG Growth, the firm has extensive experience with globa
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