The Next Billionaire: A Statistician Who Changed Medicine

[Rickson9]

Over the next few days, Dennis Gillings, a statistician who helped create the multibillion-dollar industry of conducting research studies for drug giants, is likely to enter an exclusive club: those with net worths above $1 billion. Quintiles , the largest clinical research organization and the company Gillings founded, will price an initial public offering on Thursday or Friday with an expected range between $36 and $40 per share. Gillings will own 25,062,181 shares, so his stake in Quintiles alone will be worth between $902 million and $1 billion. Ross Mulken, an analyst at International Strategy & Investing Group, an independent research firm, thinks shares could trade in the low 40s, which would put Gillings’ stake securely in billionaire territory.

The Next Billionaire: A Statistician Who Changed Medicine - Forbes

 

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[InMotion]

I actually like statistics....more so now

 

[PopEmersen]

Gillings, with longish hair and bushy sideburns, didn’t look like a businessman. But he realized, he told me in 2010, that there was an opportunity. “It became apparent that there was the possibility of making the pharmaceuticals sector more efficient,” he said.

Recognized the need and KILLED it.