Subject category:
Strategy and General Management
Published by:
International Institute for Management Development (IMD)
Version: 30.10.2015
Length: 4 pages
Data source: Published sources
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Abstract
A pioneer in the modernization of traditional Chinese medicine, the publicly traded Tasly Pharmaceutical Group Co, Ltd was founded in 1994 by Yan Xijun and his wife Wu Naifeng in Tianjin, China. The couple who met while training as pharmacists at a military medical school, had developed a new method to extract the active substance from Danshen, or red sage root, an herbal ingredient known to be effective in treating heart diseases. The active substance presented as 'dripping pills' became the main product of Tasly, capturing 36 percent market share of this proprietary Chinese medecine. In 2005, the couple's son Kaijing joined the company and in 2014 took over from his father Xijun as chairman of Tasly. Xijun had planned and executed his succession with military precision, ensuring that a professional management team was put in place to head the group while he and his wife, the first generation, took their leave as planned.
Locations:
Industry:
Size:
8,800+ employees
Other setting(s):
1994-2014
About
Abstract
A pioneer in the modernization of traditional Chinese medicine, the publicly traded Tasly Pharmaceutical Group Co, Ltd was founded in 1994 by Yan Xijun and his wife Wu Naifeng in Tianjin, China. The couple who met while training as pharmacists at a military medical school, had developed a new method to extract the active substance from Danshen, or red sage root, an herbal ingredient known to be effective in treating heart diseases. The active substance presented as 'dripping pills' became the main product of Tasly, capturing 36 percent market share of this proprietary Chinese medecine. In 2005, the couple's son Kaijing joined the company and in 2014 took over from his father Xijun as chairman of Tasly. Xijun had planned and executed his succession with military precision, ensuring that a professional management team was put in place to head the group while he and his wife, the first generation, took their leave as planned.
Settings
Locations:
Industry:
Size:
8,800+ employees
Other setting(s):
1994-2014