logo
Share SHARE
FONT-SIZE Plus   Neg

Simcere Names Hongquan Liu CEO, Executive Director - Quick Facts

Simcere Pharmaceutical Group (SCR) said it appointed Hongquan Liu as its chief executive officer, or CEO, and executive director of the Board, effective October 8, 2012. Jinsheng Ren will continue to serve as chairman of Simcere.

Between 2000 and 2012, Liu held the positions of director and general manager of Sino-Swed Pharmaceutical Corp. Ltd. Before that, he held the positions of chief financial officer and chief marketing and business officer of Pharmacia & Upjohn (China) Ltd., and general manager of Pharmacia Corp.

In addition, Simcere announced that Dr. Yehong Zhang, who currently serves as its president, will serve as CEO of Simcere MSD (Shanghai) Pharmaceutical Co. Ltd, the newly established joint venture between Simcere and Merck & Co., Inc. (MRK), effective from October 8, 2012. Dr. Zhang will no longer hold the position of president of Simcere.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Database startup MongoDB has filed confidentially for initial public offering, aiming to go public before the end of the year, according to TechCrunch. The company, which develops enterprise-grade, open-source software including MongoDB NoSQL database, reportedly has submitted an S-1 filing in the past few weeks. Wal-Mart Stores Inc., the world's largest retailer, reported a decline in second-quarter profit with a significant charge. Adjusted earnings topped analysts' estimates with higher comparable sales. Looking ahead, for the third quarter, the company projects earnings in line or below market view. The company also issued earnings forecast for fiscal 2018. The development of Alzheimer's drugs has been marred by a high failure rate. A U.S. study, which analyzed how the Alzheimer's clinical trials fared during the period of 2002 to 2012, revealed a failure rate of 99.6% compared to a failure rate of 81% for cancer drugs.
comments powered by Disqus
Follow RTT