30514
Wealthier
World Economy

Wealthier

The South Korean man who founded two drug companies those are among Asia’s best-performing stocks for the past year is seeing his fortune climb after vaulting into the region’s billionaire’s club. Hanmi Science Co. has surged 971% while its subsidiary Hanmi Pharmaceutical Co. has gained 805% through Monday over the last 12 months after a string of licensing deals with global drug makers. The rally gave founder Lim Sung-ki a net worth of about $2.7 billion as of Monday’s close, according to the Bloomberg Billionaires index. Hanmi Pharm has in recent months entered into partnerships with international companies including Janssen Pharmaceuticals Inc., Sanofi and Eli Lilly Co. for drugs it is developing as potential treatments for conditions such as diabetes and rheumatoid arthritis.

 

Short URL : http://goo.gl/Ei31rq
  1. http://goo.gl/OckrrS
  • http://goo.gl/DjH1X4
  • http://goo.gl/UOK2ob
  • http://goo.gl/LjneY5
  • http://goo.gl/eHDJsS

You can also read ...

ADB Forecasts India Growth at 7.3 Percent
The Asian Development Bank expects India’s growth to pick up...
Dow futures dropped more than 100 points in early trading, as traders returned from the long holiday  weekend to face fresh selling pressure for US stocks.
A six-day rebound in world stocks began to splutter on Tuesday...
Ghana Told to Cut High Agro Imports
The World Bank country director for Ghana, Henry Kerali, has...
Chinese ironworks are increasingly  using Australian ore, which has  a high iron content.
Global stock markets are down from their recent peaks and...
London-based Capital Economics expects the German economy to expand by 2.7% this year. This would be above the government’s  more conservative forecast of 2.4%.
The German economy is expected to improve in the next six...
Indonesia Criticizes Trump’s Protectionist Policies
Indonesia is foregoing billions of dollars on offer from...
Goldman Raises Red Flag Over US Gov’t Spending
US fiscal policy is headed for “uncharted territory.” That’s...
File picture of truckers in Buenos Aires during a demonstration last summer against the policies of Mauricio Macri.
The Argentine economy grew “close to 2.8%” last year, Guido...

Trending

Googleplus