It was bought by Jack Wang, CEO of a Shanghai-based biomedical firm, who had flown in specially for the sale.

BBC: DNA pioneer Francis Crick's Nobel prize sells for $2.27m

"We might not have any magic bullet, " for obesity said Dr. Gene-Jack Wang, chair of medical research at Brookhaven National Laboratory.

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Heritage Auctions identified the buyer as Jack Wang, CEO of Biomobie, a regenerative medicine technology company located in Silicon Valley and Shanghai.

WSJ: Francis Crick's Nobel medal sells for over $2M

"As more consumers move toward mobile devices and multiple screens, IOGEAR's new products bring seamless integration and flexibility across products, " said IOGEAR CEO Jack Wang.

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Together, the compounds affect both appetite or satiety and motivation, or the drive to eat, says Gene-Jack Wang, MD, a senior scientist with Brookhaven National Laboratory in Upton, New York.

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"Consumers increasingly demand more connectivity among their home and business devices, and IOGEAR's new Wireless 5x2 HD Matrix leads the industry in offering flexible content choices, " said IOGEAR CEO Jack Wang.

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In a lab at Brookhaven National Laboratory on Long Island, Gene-Jack Wang is injecting overeaters with a radioactive sugar solution and putting them into a positron-emissions tomography machine to see how their brains react to food.

FORBES: Food on the Brain

Much of the bidding at Thursday's auction happened remotely, by telephone and internet - but Jack Wang was so determined to buy the Nobel Prize medal that he flew in from California, and was prepared to offer double what he ended up paying, reports the BBC's Barbara Plett from New York.

BBC: DNA pioneer Francis Crick's Nobel prize sells for $2.27m

Forbes China Rich List billionaires such as Wang Jianlin (see related story here), Jack Ma, and Huang Wei have invested in traditional films and entertainment.

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