Home Summit Tops Global Biopharma CEO Pay Rankings with $246 Million Payout in 2025

Summit Tops Global Biopharma CEO Pay Rankings with $246 Million Payout in 2025

Jun 16, 2026 13:10 CST Updated 13:10
Akeso

Innovative Antibody Drug Developer

RemeGen

Biological New Drug Developer

Thermo Fisher Scientific

Biotechnology Product Developer

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Recently, the well-known industry media Endpoints News released the “Top 25 CEO Compensation List in the Biopharmaceutical Industry for 2025,” with the entry threshold raised to$25 million
Meanwhile,Endpoints A statistical analysis was conducted on the compensation of CEOs from 448 publicly listed life sciences companies with market capitalizations exceeding $100 million. The results showed that,2025 CEO Compensation in the Biopharmaceutical IndustryThe median reached US$5.35 million, a year-on-year increase of 13%,The average compensation is $8.8 million., a year-on-year increase of 34%.
Top 25 List, outhave seen the emergence of many innovative biotech companies, such asSummit, which licensed Akeso’s ivonescimab, and Vor, which partnered with RemeGen on telitacicept, dedicated to the development of novel ophthalmic drugsOcular, etc. Additionally, the CEOs of Eli Lilly, Johnson & Johnson, AbbVie, Gilead, and Pfizer also successfully made the list.
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Source: Foreign media, compiled by Insight
This article provides a detailed overview of the compensation packages for the top five CEOs on the list, for reference.
Summit Therapeutics
Maky Zanganeh 
Summit has sparked a global surge in the development of PD-1/VEGF bispecific antibodies, leveraging ivonescimab licensed from Akeso.As Co-CEO of the company, Maky Zanganeh received $246 million in compensation in 2025.
This is mainly because in April 2025,Summit Board of DirectorsAmended legacy stock options, making it more valuable.Zanganeh held approximately 11 million of such options, which were originally subject to performance-based vesting. The Board of Directors decided to change them to time-based vesting only, thereby increasing the fair value of these options from approximately $15 million to $245 million.
No, also serving as Co-CEOBob Duggan’s compensation amounted to only $172,376, representing the value of equity awards he received as a director of Summit.As in previous years, Duggan declined compensation for the role of co-CEO.(According to Summit documents, Duggan holds more than 570 million shares of Summit stock, accounting for 73.5% of the company, with this stake now valued at $8.4 billion.)
Thermo Fisher Scientific
Marc Casper
2025,Marc Casper received nearly $80 million in compensation, including a one-time equity grant of $57.7 millionAdminister.Thermo Fisher Scientific’s Compensation Committee stated that this was toLetMarc Casper to Remain in Position Until 2030, the conditions for obtaining these shares depend on the company’s stock price performance relative to the S&P 500 Index over the next ten years.
Interestingly,Marc Casper’s compensation package has been rejected by shareholders for two consecutive years. However, the vote on executive pay is non-binding and is unlikely to affectMarc Casper's Compensation.

Vor Biopharma

Jean-Paul Kress

Vor Biopharma underwent a major strategic pivot in 2025, gradually winding down its cancer cell therapy operations, andLicensed a new core drug project, Telitacicept, from RemeGenJean-Paul Kress joined the company at this very moment.
KresS’s compensation consisted almost entirely of 4.16 million stock options granted in June, valued at $64 million. Additionally, last December,Vor The Board of Directors decided to reprice these options, reducing the exercise price from $17.80 to $8.18.
Vor spokesperson stated,Kress was responsible for the company’s comprehensive restructuring, including recruiting nearly 100 employees and raising $570 million. His compensation reflects both the demands of this mandate and its alignment with long-term shareholder value creation.
Exact Sciences
Kevin Conroy
KKevin Conroy Serves as Leader in Early Colorectal Cancer Screening GiantCEO of Exact Sciences, with over ten years of experience. March 2025,Healthcare Giant Abbott Acquires Exact for $23 Billion, ending Conroy's tenure.
Conroy’s 2025 compensation package included $21.2 million in stock awards, as well as nearly $25 million in value derived from a tax-reduction strategy implemented prior to Abbott’s acquisition.
In December 2024, the Exact Board of Directors in advance to ConroyBonuses and partial stock awards were distributed with the aim of circumventing the U.S. Internal Revenue Service.(IRS)Tax Implications of Section 280G. This provision aims to deter the payment of excessive amounts to executives in merger and acquisition transactions by imposing an excise tax.

Keenova Therapeutics

Sigurdur Olafsson

Keenova is a specialty pharmaceutical company formed after the merger of Mallinckrodt and Endo. In 2025, the company paid Sigurdur Olafsson$34.4 million prize, which is related to the sale of its medical device division, Therakos, in 2024. That divestiture helpedMallinckrodt’s control of high debt levels also paved the way for its merger with Endo.

In July 2025, following the completion of the Endo merger, he received a compensation package: a one-time cash payment of $6 million if he continued to serve as Chief Executive Officer until January 2027.

Editor: Yueya
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