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Tragic Loss: Billionaire Co-founder of WuXi AppTec, Zhao Ning, Succumbs to Cancer at 56

2023.07.04 19:06:28 Jace (Yujoon) Kim
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[Photo Credit to Unsplash]

Shanghai- and Hong Kong-listed pharmaceutical research firm WuXi AppTec has announced the passing of its co-founder, Zhao Ning, who’s life and passing leaves a lasting impact on both the company and the pharmaceutical research landscape. 

This article provides an analysis of Zhao Ning's contributions, highlighting WuXi AppTec's growth and international collaborations.

Zhao Ning, alongside her husband Li Ge, played a pivotal role in establishing and expanding WuXi AppTec. 

With a doctorate  in organic chemistry from Columbia University and a bachelor's degree in chemistry from Peking University, Zhao Ning brought valuable scientific expertise to the company. 

The power couple's partnership set the foundation for WuXi AppTec's success.

Under the visionary leadership of Zhao Ning and Li Ge, WuXi AppTec experienced substantial growth and expanded its operations globally. 

The company offers a diverse range of services, including drug discovery, preclinical testing, and clinical research, and has positioned itself as a prominent player in the pharmaceutical research industry.

Collaborations with industry giants like Johnson & Johnson and U.S.-based biotech firm Wugen Inc. have further elevated WuXi AppTec's reputation. 

These partnerships have allowed the company to establish itself as a global trailblazer, pushing the boundaries of scientific research and development.

Financially, WuXi AppTec has demonstrated impressive performance. Revenues for the first quarter of 2023 rose by 5.8% year-over-year, reaching a remarkable 9 billion yuan ($1.3 billion). 

Net profit also saw a significant increase, reaching $310 million, a 32% gain compared to the same period last year. With over 6,000 clients spread across more than 30 countries, WuXi AppTec's influence continues to expand.

Although WuXi AppTec's growth in 2023 may not match the exceptional 73% revenue surge to $5.7 billion it had in 2022, it remains committed to its expansion plans. 

The company is setting its sights on Singapore, intending to invest $1.4 billion over the next ten years to establish state-of-the-art labs and research facilities, showcasing its ambitious goals.

Aside from their business achievements, Li Ge and Zhao Ning are known for their philanthropic endeavors.

Their Ge Li & Ning Zhao Family Foundation, dedicated to causes like education and healthcare, made a substantial $20 million donation to the Memorial Sloan Kettering Cancer Center in New York in 2021, displaying their philanthropic commitments. 

Zhao Ning's untimely passing leaves a void in the pharmaceutical research world. However, her entrepreneurial spirit and unwavering passion for transforming healthcare will continue to inspire.

WuXi AppTec, led by Li Ge, remains determined to carry Zhao Ning's vision forward, pushing scientific boundaries, and improving the lives of patients worldwide.

In conclusion, Zhao Ning's contributions to WuXi AppTec and the pharmaceutical research landscape have been significant. 

Through her leadership, WuXi AppTec has become a global player in the industry, collaborating with industry leaders and achieving remarkable financial success. 

While her presence will be deeply missed, her legacy will continue to shape the future of pharmaceutical research.

Jace (Yujoon) Kim / Grade 8
Shepherd International Education