Dr. Edward hung up the phone and decided to have a good talk with Fu Xinming after dinner.
Just now, when Fu Xinming was surrounded by others, he made a phone call to the headquarters and even took a photo of the second-stage clinical report of Supainding and sent it back.
After the headquarters saw it, they immediately gave him the authorization to buy this new drug.
If he couldn't buy it out, he could spend more money and buy the pharmaceutical company directly.
Johnson Johnson spent billions of dollars on new drug research and development every year, accounting for almost one-third of their net profit. It was because of this that they were able to maintain high profits.
Moreover, many times, they did not lose out by acquiring other pharmaceutical companies.
After buying the pharmaceutical company at a high price, he would take the formula away and launch it under the Johnson Johnson brand.
As for the pharmaceutical company, he could sell it off again. That way, he could get a sum of money back.
They could even change the pharmaceutical company into a company that produced health food. Johnson Johnson was also the world's top in this aspect.
Although Johnson Johnson was generally more cautious about investing in new drugs developed by other pharmaceutical companies, if they saw a drug with excellent market prospects, they would also participate in the investment or even directly acquire it during the phase II or even phase I of clinical trials.
Even if some of the investments failed, the others were successful and brought huge profits to Johnson Johnson.
This kind of investment in new drugs that were not yet on the market was somewhat similar to venture capital. Although the risk was high, the earlier they participated, the higher the profits they would receive in the future.
Currently, the new painkiller from Xinming Pharmaceuticals was only in the second phase of clinical trials. If they invested now, they could spend less money.
After all, Johnson Johnson was one of the leaders in the global painkiller market. This segment could bring Johnson Johnson billions of dollars in sales every year. They were definitely not willing to give up on this market and wanted to continue expanding!
When they arrived at the restaurant, many people sat down. Only Fu Xinming, Zheng Xianmin, and a few representatives of pharmaceutical companies with a market value of more than 10 billion were sitting at the main table.
Many representatives of pharmaceutical companies with a market value of billions were sitting at other tables, accompanied by other shareholders of Xinming Pharmaceutical.
The shareholders immediately became the core figures at all the tables.
Fu Xinming's secretary accompanied the media representatives and talked to them about how to report this incident.
Dr. Edward also sat at the main table. He was not used to this method, but he had no choice.
He had heard from Mike that this was a characteristic of the East. They liked to talk about work at the dinner table, and they talked while drinking.
Although in America, some of their work was discussed in restaurants, they would never drink such strong white wine and use such a big glass!
"Everyone, thank you for your support today.”
Fu Xinming raised his wine glass and downed a cup of 2.5 grams of Maotai in one gulp.
Dr. Edward's eyes widened. Was this how one drank strong liquor?
He didn't want to drink it, but the other pharmaceutical company representatives were staring at him. He felt that it would be rude not to drink it.
It was just one more glass, he could drink it.
Who would have thought that after the host raised his glass, the guest would also propose a toast to the host.
After downing three glasses in a row, Edward felt as if his stomach was on fire.
He wanted to talk about work, but he had no choice but to use the bathroom as an excuse. He asked the restaurant staff for a bottle of pure water and drank it in one gulp.
He wanted to leave, but when he saw that the others were chatting happily with the Fu father and son, he heard the word cooperation in the Chinese he didn't know much. He had no choice but to stop and force himself to return to the table.
He suddenly saw Fu Liang sitting at a table next to him. This seemed to be the person in charge of drug research and development. Moreover, he was the son of the chairman of Xinming Pharmaceutical. Could he talk to him?
Fu Liang sat at a table next to them and chatted with some of the representatives of the companies that Xin Ming Pharmaceutical was collaborating with.
He used the excuse of driving and did not drink at all. The others did not dare to persuade him.
As he was eating, a person who reeked of alcohol suddenly sat down beside him.
"Mr. Xiao Fu, let's talk about the cooperation. Johnson Johnson is very sincere. I've already been authorized by the headquarters to represent Johnson Johnson to discuss the cooperation with you.”
Fu Liang threw a silkworm cocoon into his mouth."Do you Americans like to talk about work while eating?”
Edward looked at the silkworm cocoon in horror and tried to suppress his discomfort.""Mr. Little Fu, I heard that Easterners like to chat while eating. I'm just doing as the locals do.”
Fu Liang nodded." Alright. If you don't think it's rude to chat while eating, then let's have a chat."”
For the current Xinming Pharmaceutical Company, their assets were still too little, although they would definitely earn billions of dollars in profits in the next three to five years.
However, if they cooperated with an industry leader like Johnson Johnson, they might be able to earn billions in a year. Johnson Johnson's new drug development and sales capabilities were not to be trifled with.
Perhaps he could get some abandoned prescriptions from Johnson, which interested Fu Liang the most.
Edward heaved a sigh of relief when he heard Fu Liang agree. If he could negotiate, then he had a lot of confidence in winning.
And it had to be fast. This news would definitely spread to the pharmaceutical giants like Bayer and Pfizer. When there was competition, it would be even harder to win.
"Mr. Fu, I have two plans for our cooperation with your company. Every plan would definitely not be a loss to CEO Fu.”
"For the first plan, Johnson Johnson can invest a sum of money into this painkiller project.”
"Johnson Johnson has strong connections in the pharmaceutical industry in many countries. We can get this drug on the market in many countries as soon as possible. Moreover, we have a strong legal team that can ensure that everyone's interests are not damaged.”
"If you agree, then this drug can immediately begin clinical research in multiple countries at the same time. At the latest, by this time next year, we can launch it worldwide.”
"In addition to our Johnson Johnson's sales ability, we guarantee that you will earn at least 500 million USD a year.”
" And we can immediately invest two billion US dollars. With Johnson Johnson's strong R D and sales capabilities, we only need 51% of the shares.”
Fu Liang shook his head." That is to say, if you invest two billion and want to take away at least five hundred million USD every year, do you think I will agree?"”
Edward emphasized," But without our help, your company's products will only be available in your country's market next year. It would be good if you can make a profit of 200 million USD."”
"Moreover, we have to bear the risk of side effects that may occur with this medicine, especially long-term side effects. Mr. Xiao Fu may have heard that we have suffered a lot on this.”
Johnson Johnson had previously caused some women to develop cancer due to the long-term use of the chemicals in their care products. After being sued, they compensated 22 plaintiffs for a total of 2.2 billion US dollars!
This amount of compensation was second only to Pfizer's 2.3 billion USD compensation case.
Fu Liang still shook his head." Tell me your second plan."”
Edward looked at Fu Liang." The second plan is for us to acquire the painkiller project. We can pay five billion USD in one go!”
This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]