TV News LIES

Thursday, Apr 28th

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...


Mumps cases hit 40 as Harvard begs students: Stop infecting each other

Mumps cases hit 40 in HarwardA mumps outbreak that began two months ago at Harvard University is getting worse.  More than...

Fructose a factor in disease-related genetic changes in brain, study says

Fructose a factor in diseases of brainFructose may damage genes in the brain, playing a role in changes in the brain linked...

30 years later, Chernobyl disaster could trigger more cancer, deaths

Chernobyl 30 years laterThree decades after the Chernobyl nuclear power plant exploded and sent a plume of radiation as...

CDC: U.S. suicide rate highest in 30 years

Suicide rate up in USThe suicide rate in the United States continued its 30-year rise in 2014, growing in nearly...
 
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!