Brothers Make Billions From Ex-Merger Bankerâs Pharma Firm
This content was published on February 17, 2021 - 12:11
February 17, 2021 - 12:11
(Bloomberg) -- Germano and Giammaria Giulianiâs family made a fortune with remedies for hair loss, indigestion and sensitive skin. The family business is still making money after more than a century in operation, but whatâs really driving the brothersâ wealth is a bet on another health-care company.The Giulianis hold stakes worth about $3 billion in Royalty Pharma Plc, a New York-based firm that buys pharmaceutical royalties from academic institutions, research hospitals and drugmakers such as Pfizer Inc. Its shares have surged 70% since an initial public offering last year.