AS
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German billionaire
Gender:
Male
Places:
Work field:
Birth:
1950
Family:
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The details
Biography
Andreas Strüngmann (born 1950) is a German businessman and founded generic drug maker Hexal AG ($1.6 billion sales during 2004) in 1986. It became Germany's second-largest generic drug producer. In February 2005, he and his brother Thomas sold Hexal and their 67.7% of U.S. Eon Labs to Novartis for $7.5 billion, making Sandoz the largest generic-drug company in the world.
He currently has residences in Tegernsee and South Africa and is married with two children.At age 56, he accepted an executive position at Sandoz, a generics division of Novartis.