Zhifei Biological Products, the 2018 Richest Drug Maker in China
Zhifei Biological Products, the 2018 Richest Drug Maker in China Merck & Co, developer of Gardasil and Gardasil 9 which recently got approved by Chinese authorities, have earned millions of dollars for their Zhifei Biological Products. It has also spurred two Chinese families into Bloomberg’s ranking of the world richest people. Jiang Rensheng, chairman of Zhifei Biological Products, boasted a net worth of about $4.6 billion on Wednesday as share price puffed-up the value of his stakes, according to reports it has helped him to achieve the 41st richest in China and 415th on the worldwide in Bloomberg Billionaires Index and the brand new pharmaceutical drugs entrepreneur to manage growing the company into the ranks of the world's richest. Last May, when Gardasil cleared local regulatory review the company has witnessed its stock price more than double from about 20 Chinese yuan ($3) to more than 46 yuan Wednesday, just a few weeks after the new version of Gardasi...