Rank #1762
Park Soon-jae
Net worth $2.4B
Biopharmaceuticals · South Korea
- Born
- Dec 22, 1954
- Age
- 71
- Source
- Biopharmaceuticals
- Residence
- Daejeon
- Citizenship
- South Korea
- Marital status
- Married
- Children
- 0
- Education
- Ph.D, Purdue University
Net worth over time
Biography
- Park Soon-jae is cofounder and CEO of South Korean biotechnology company Alteogen, which focuses on biosimilars and bio-betters.
- Alteogen is known for its ALT-B4, an enzyme with technology that allows drugs to be administered subcutaneously instead of intravenously.
- In 2024, Alteogen revealed Merck had agreed to a licensing deal to use ALT-B4 for the drug giant's cancer drug pembrolizumab. Alteogen shares soared 25% in a day following the announcement.
- Park's wife, Chung Hye-shin, served as the company's chief strategy officer until 2023.
- Prior to cofounding Alteogen in 2008, Park worked at LG Life Sciences and Hanwha Petrochemical, and was a postdoctoral researcher at MIT.
Financial assets
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