Chemistry teacher who founded pharma firm now worth US$7.9b - Business News - News Summed Up

Chemistry teacher who founded pharma firm now worth US$7.9b - Business News


She founded Hansoh in 1995.The company, which researches and produces drugs for six major therapeutic areas, reported 1.9 billion yuan in profit in 2018, an 18% increase from a year earlier, the prospectus shows. The company said on Thursday that the retail portion of the offering was 12 times covered. Hengrui’s earlier success also may help bolster investor confidence in Hansoh. "The synergies between Hengrui and Hansoh, particularly in R&D and distribution, will bring the latter advantages over industry competitors,” said Mia He, a Bloomberg Intelligence analyst. - Bloomberg


Source: The Star June 13, 2019 02:48 UTC



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