Billionaire Profile
Michelle Xia
Global Rank
#2682

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Michelle Xia

CEO, Biotech
UNITED STATES
Real-Time Net Worth
$1.47B
Estimated based on Biotech stock value as of April 20, 2026
-2.66% (24h)
Age
59
Source
Biotech
Industry
Healthcare
Citizenship
UNITED STATES

Biography

Michelle Xia is a prominent Chinese biopharmaceutical executive, best known as the founder, chairwoman, and CEO of Akeso Biopharma. Born in China, she earned a Ph.D. in molecular biology and microbiology. With over 26 years of experience in the pharmaceutical industry, Xia has held key leadership positions at companies like Crown Bioscience and PDL BioPharma. Her career is marked by a strong focus on cancer research, as well as the development and commercialization of innovative antibody drugs. In 2025, Forbes estimated her net worth to be $1.2 billion due to the success of Akeso Biopharma, particularly its lung cancer drug, ivonescimab, which outperformed Merck's Keytruda in a clinical trial. Xia's achievements also include numerous patents and recognition within the oncology field.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Michelle Xia was born in Gansu province, China, to university-educated engineers. She received a Bachelor's degree in biochemistry from Sun Yat-sen University in Guangzhou in 1988. She furthered her education by obtaining a Ph.D. in molecular biology and microbiology from Newcastle University in the U.K. in 1994. Xia also completed postdoctoral research at the University of Glasgow and conducted cancer immune therapy research at the University of Louisville School of Medicine in the U.S.

Rise to Success

Michelle Xia has over 26 years of experience in the pharmaceutical industry and academic research. Prior to founding Akeso Biopharma in 2012, Xia held senior leadership roles at Crown Bioscience Inc., where she played a key role in constructing the company's platform. She also worked as a senior scientist and group leader at PDL BioPharma, Inc. (later acquired by Abbvie). Xia's pharmaceutical career began at Axys Pharmaceuticals, Inc. (later acquired by Celera Genomics), where she held scientific and managerial roles.

Key Business Strategies

Xia founded Akeso Biopharma with a vision to make therapeutic antibody drugs accessible and affordable. The company focused on research and development, manufacturing, and commercialization of innovative antibody drugs. One of Akeso's key achievements is the development of ivonescimab, which outperformed Merck's Keytruda in a Phase 3 trial for lung cancer. Akeso has also licensed its drug candidate to Summit Therapeutics, which has expanded Xia's reach in the market.

Philanthropy

Information on specific philanthropy amounts for Michelle Xia was not found in the search results.

Career Milestones

2012

Founded Akeso Biopharma

Founded Akeso Biopharma, serving as chairwoman, president, and CEO.

2020

Akeso Listed on Hong Kong Stock Exchange

Took Akeso public on the Hong Kong Stock Exchange.

2022

Licensing Deal with Summit Therapeutics

Licensed Akeso's drug to Summit Therapeutics for markets including the U.S., Europe, and Japan.

2024

Ivonescimab Outperforms Keytruda

Akeso's drug, ivonescimab, outperformed Merck's Keytruda in a Phase 3 trial.

2025

TIME100 Health List

Included in the "TIME100 Health" list.

Philanthropy & Social Impact

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Undisclosed

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Business Philosophy & Leadership

Notable Quotes

"We focus on science and biology and the most advanced technology. I think that makes the difference."

Leadership Principles

Focus on Scientific Advances

Emphasizing scientific research and innovation.

Speed and Quality

Prioritizing both the speed and quality of drug development.

Patient-Centric Approach

Aiming to make innovative antibody drugs accessible and affordable to patients.

Controversies & Challenges

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