TV News LIES

Sunday, Sep 25th

Last update05:20:13 AM GMT

You are here News Health Seven Cancer Drug Billionaires Unmasked as Roche Surges

Seven Cancer Drug Billionaires Unmasked as Roche Surges

E-mail Print PDF

Roche billionairesRoche Holding AG (ROG), the Basel, Switzerland-based drugmaker that manufactures the world’s best- selling cancer treatment and reached a five-year high this week, has minted at least 12 Swiss and German billionaires. Seven have never appeared individually on an international wealth ranking.

The dozen billionaires, who are drawn from the Engelhorn family of Germany and Switzerland’s Hoffmann-Oeri clan, have a combined fortune valued at more than $35 billion, according to the Bloomberg Billionaires Index.

Eight of the medicine moguls are great-grandchildren of Roche founder Fritz Hoffmann-La Roche, who created cough-syrup maker F. Hoffmann-La Roche & Co. in 1896. Hoffmann’s heirs control at least half of Roche’s voting rights and a 9.3 percent economic interest in the company, according to the company’s annual report.

“The family avoids the spotlight,” Martin Voegtli, a Zurich-based analyst with Kepler Capital Markets SA, said by phone. “On the operational side of things their involvement is limited, although they are fully committed to the business.”

More...


Most Recent Related Stories...


The Unnerving Way Scientists Rationalize Taking Big Soda’s Money

Scientists take big soda's moneyThe internet was outraged earlier this month after a new report revealed the sugar industry paid...

Another Mosquito-Borne Virus Moves North From the Amazon

new mosquito borne virus- Zika, dengue, chikungunya: As if there weren't enough mosquito-borne viruses to worry about, researchers say...

Drug-resistant gonorrhea a growing U.S. threat: CDC

Drug resistant gonorrhea spreadingGonorrhea appears to be developing resistance to the two antibiotics that constitute the last available treatment...

Study: 40 percent of children exposed to secondhand smoke

40 percent of children exposed to second hand smokeEven with drastic decreases in the number of Americans who smoke, four out of ten children...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!