Chinese CRO WuXi PharmaTech ($WX) has opened up shop in Israel, cutting the ribbon on a Tel Aviv outpost and aligning itself with a local investor to expand its presence in the country. The new office will allow the company to promote its drug and device development services amid the country's growing life sciences industry, WuXi said, and the CRO has partnered with Pontifax, a local healthcare venture firm, to invest in complementary startups. News