jueves, 18 de septiembre de 2014

Menos mal que... vamos mal (XXVIII): Liu Dian Bo (Luye Pharma) "hace cuentas" y...es billionaire.

Liu Dian Bo, chairman and co-founder of Luye Pharma Group Ltd., became a billionaire yesterday after the Chinese drugmaker closed at a record. 

Founded 20 years ago in eastern China’s Yantai city, Luye last month completed Hong Kong’s biggest pharmaceutical initial public offering in more than three years, raising 5.9 billion yuan ($764 million). The company has gained more than 20 percent to HK$7.28 at the close in Hong Kong. 

Liu controls about 31 percent of the drugmaker and sold about $44 million in stock at the offering, regulatory filings show, giving the 49-year-old a $1 billion fortune, according to the Bloomberg Billionaires Index. 

The pharmaceutical market in China will continue to grow rapidly in the next 20 years,” Liu said in an interview last month. “We have a population that’s becoming older and older and their demand for health related products is huge.” 

Luye, which gets 99 percent of its revenue from China, will continue to focus on the mainland even as it expands globally in the long term, according to Liu. The company is the first among its Chinese peers to conduct clinical trials in international markets including the U.S., as it weighs boosting its business through acquisitions, Liu said. (...)

Unlike most of the Chinese pharmaceutical companies, which focus on generic drugs, Luye was one of the first to build its research and development capability and produce innovative medicines, the analyst said. 

My childhood dream was to be a doctor and save lives,” said the billionaire, who speaks with a slight Shandong accent. “Probably because of that I was never content to just make generic drugs. Innovation is the future.
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