Congratulations girls! You were actually BORN in China, not aborted because you weren’t a boy. And now? You get to be vaccinated with Merck’s Gardasil! Boy, that Merck is a friendly company. First, RotaTeq made Paul Offit Rich, then Dr. Julie Gerberding, former CDC head slid over to Merck to become Executive President of the Vaccine Division, you can be certain there’s a fat salary and bonuses and now Communist Chinese citizen-businessmen are billionaires. As for the girls’ fate with this vaccine? Tough fortune, Cookie.
From Bloomberg business: HPV Vaccine Seller in China Propels Owners Up Billionaires List
China’s approval for a vaccine used to prevent cervical cancer has propelled two shareholders of the pharmaceutical company marketing the Merck & Co. product up the billionaires’ rankings.
Chongqing Zhifei Biological Products Co.’s more than 60 percent rally this year, spurred by the permission to sell Gardasil 9 in partnership with Merck, has pushed Chairman Jiang Rensheng, 64, up the Bloomberg Billionaires Index. His net worth is estimated at $4.6 billion as of Wednesday and is based on his family’s 60 percent stake, which includes that of Vice General Manager Jiang Lingfeng, his son.
Apart from vaulting the senior Jiang to become the 41st richest in China, and 415 in the world, the jump in the shares has also helped another shareholder: former Vice Chairman Wu Guanjiang. His net worth is estimated at $1.5 billion and is based on the 13.4 percent stake held by him and his wife as of Wednesday, according to regulatory filings. Zhifei didn’t respond to calls and an email seeking comment on Jiang’s and Wu’s wealth and holdings in the company. Read more here.