And more. Sun Piaoyang, 60, is worth $9.3 billion, thanks to the success of his Jiangsu Hengrui Medicine Co. , a maker of anti-tumor drugs whose stock has returned about 16,300% since it … According to Bloomberg’s constantly updated Besides, Sun will remain a director on Hengrui’s board and head its strategy committee, a post that had belonged to the chairman's role—until now. (Getty/Robert Daly)Subscribe to FiercePharma to get industry news and updates delivered to your inbox.Hengrui's Sun Piaoyang, China's richest pharma leader, steps down after 30-year run—sort of© 2020 Questex LLC. Zhou Yunshu, Hengrui’s 17-year president, will succeed him. Sun Piaoyang, half of China’s wealthiest pharma family, is …

3 Speen Street, Suite 300, Framingham, MA 01701 The consumer tech manufacturing giant was joined by existing investors, including Japan’s Fujifilm and Korea’s SK Telecom.Merck warned that the pandemic would take a multbillion-dollar bite out of its revenue expectations for 2020, and the second quarter showed why.Gilead expects to sell 1 million to 1.5 million treatment courses of remdesivir in 2020. WU YAJUN & FAMILY $12 B real estate 103 KWONG SIU-HING $11.9 B real estate 103 SHIV NADAR $11.9 B software services 105 SUN PIAOYANG $11.8 B pharmaceuticals 106 LUI CHE WOO & FAMILY $11.7 B casinos/hotels 106 RICARDO SALINAS PLIEGO & FAMILY $11.7 B retail, media 108 LI XITING $11.6 B medical devices 108 REINHOLD WUERTH & FAMILY $11.6 B fasteners Sun is still the drugmaker’s real controller and remains the head of its board’s strategy committee. IPO Gives Chinese Couple a 'Hansoh' Sum The initial public offering of Hansoh Pharmaceutical Group made the Chinese couple Zhong Huijuan and Sun Piaoyang the …

Sun Piaoyang, half of China’s wealthiest pharma family, is stepping down as chairman of Jiangsu Hengrui Medicine, the company he’s led for 30 years. The company was formerly run and operated by the state of China. The purpose of a family office is to preserve and pass down wealth, which typically requires diversification. An old pharma major, Hengrui’s trying to shift its focus from off-patent drugs to innovative therapies. Tse Ping was born in Dhanin Family which was recognized as one of Asia’s most influential family. The move comes on the heels of a Sun Piaoyang, half of China’s wealthiest pharma family, is stepping down as chairman of Jiangsu Hengrui Medicine, the company he’s led for 30 years. Sun Piaoyang, who's led Jiangsu Hengrui Medicine for 30 years and forms half of China's fourth-wealthiest family, is stepping down as the domestic pharma major's chairman. On the heels of a China team-up with BeiGene, Amgen is on track to run a Japanese operation independently after buying out an Astellas joint venture. Amid the At the same time, China’s biotech boom and regulators’ general welcoming attitude toward drug innovation is forcing Hengrui to compete against much larger multinationals and other domestic players born with an R&D gene.For example, Innovent Biologics and partner Eli Lilly recently won national coverage for their PD-1 inhibitor Tyvyt in classic Hodgkin lymphoma. In Forbes’ The total includes a handsome contribution from his wife, Zhong Huijuan, who saw a major boost in wealth after the pharma company she founded and heads, Hansoh Pharma, went public in Hong Kong in mid-2019. The money will support a phase 1/2 trial of the company's therapeutic vaccine, dubbed PDC*lung01, in patients with non-small cell lung cancer. exclude terms.Amgen and Astellas, Jiangsu Hengrui, Moderna and Inovio made our news this week.

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