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China's top scientist loses $2 bn wealth amid questions over his COVID-19 drug
short by Hiral Goyal / on Saturday, 23 April, 2022
China's top scientist Wu Yiling's wealth declined by $2 billion after shares of his company, Shijiazhuang Yiling Pharmaceutical, plunged 35% in the past two weeks. The company's stock fell after the son of a Chinese tycoon questioned the efficacy of Wu's drug used to treat COVID-19. The medicine has also been recommended by the Chinese government for treating mild cases.
read more at BloombergQuint