Now in my 20th year at Forbes, I compile the Forbes China Rich List. I'm a senior editor and the Shanghai bureau chief of Forbes magazine. Hansoh Pharma (3692.HK), a leading biopharmaceutical company in Asia, is committed to discovering and developing life-changing medicines to help patients conquer serious diseases and disorders. I'm a Massachusetts native, fluent Mandarin speaker, and hold degrees from the University of Vermont and the University of Wisconsin at Madison. Hengrui's earlier success also may help bolster investor confidence in Hansoh. Hansoh Pharma (3692.HK), a leading biopharmaceutical company in Asia, is committed to discovering and developing life-changing medicines to help patients conquer serious diseases and disorders. No. About Hansoh Pharma. Hansoh Pharma’s 2018 revenue was US$1.1 billion, representing a year-over-year growth of 25%. Mr Sun Piaoyang, 60, is worth US$9.3 billion, thanks to the success of his Jiangsu Hengrui Medicine, a maker of anti-tumour drugs whose stock has returned about 16,300 per cent since it went public in Shanghai almost two decades ago.They are poised to be among the world's richest pharma families, with a combined fortune that rivals the Sacklers in the US, who made a fortune selling opioids, and the Bertarellis of Switzerland.Healthcare spending in China surged to 5.9 trillion yuan (S$1.2 trillion) last year from 3.5 trillion yuan in 2014, and is projected to top 9.4 trillion yuan in 2023, Hansoh said in a prospectus for its public offering.Mr Cen Junda, a long-time investor of the Lianyungang, Jiangsu-based company, is also a billionaire with a stake valued at about US$1.7 billion.The IPO will make Ms Zhong China's third-richest woman, after two real estate moguls: Country Garden Holdings' co-chairman Yang Huiyan, and Longfor Group Holdings' chairman Wu Yajun, who are worth US$21.4 billion and US$10 billion, respectively.Profit of S$375 million reported by Hansoh Pharmaceutical Group last year, an 18 per cent increase from a year earlier, the prospectus shows.Ms Zhong graduated with an undergraduate degree in chemistry from Jiangsu Normal University in July 1982, and taught chemistry at Yan'an middle school in Lianyungang in the early 1990s, according to the website of All-China Women's Foundation.The company, which researches and produces drugs for six major therapeutic areas, reported 1.9 billion yuan in profit last year, an 18 per cent increase from a year earlier, the prospectus shows. In-depth analyses and award-winning multimedia contentGet access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Until we resolve the issues, subscribers need not log in to access ST Digital articles. Hansoh Pharmaceutical Group, led by China’s wealthiest pharmaceutical entrepreneur Zhong Huijuan, closed up 4.2% … (See announcement EQRx, formed earlier this year to help reduce treatment costs, raised $200 million in financing from GV, ARCH Venture Partners, Andreessen Horowitz, and Casdin Capital, Section 32, Nextech and Arboretum Ventures, among others.The announcement comes only a day after the U.S. ordered China to shut its consulate in Houston amid a sharp deterioration of relations between the two over issues that include geopolitics and intellectual property theft. Stock analysis for Hansoh Pharmaceutical Group Co Ltd (3692:Hong Kong) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Zhong’s fortune was worth $21 billion on the Forbes Real-Time Billionaires List today. The drugmaker gets almost half of its revenue from cancer treatments. Hansoh Pharma is supported by over 9,000 dedicated employees in China and the United States.
With 1,400 professionals across R&D, Hansoh ranks top 2 in innovation among all biotech and pharmaceutical companies in China based on new molecular entity INDs submitted for clinical development since 2011.
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