Chapter 626: Patent Fees in Exchange for Shares



Chen Xia had learned in his previous life that when going to Mayo for further studies, they would not only consider your diploma, qualifications, and research results, but also

We will also examine your English level, clinical level, thinking ability and other aspects.

They even ask you to go to the United States for an interview.

Here comes the key point: you must register and pay to some medical intermediary companies, otherwise it will be almost impossible for you to apply for a place for further studies on your own.

Moreover, Mayo also has to consider all aspects. A department has a limited number of places for further studies, and they cannot accept as many people as you come.

Not only are there limits on the number of places in each department, but there are also limits on the medical field you can research and specialize in.

For example, if you are engaged in research on digestive system intestinal inflammation, they only have two training spots a year, and doctors from all over the world will compete for them.

Is Devil difficulty good?

Now Chen Xia asked for 40 places at once, 20 for each hospital, which is already a bit of an exorbitant request.

Before his rebirth, if Jiangzhou People's Hospital had 20 places for further studies at Mayo Clinic every year, the dean would be so excited that he would run around the hospital naked.

In Chen Xia's opinion, the 40 quotas were a bit exaggerated, but in Childe Steve's eyes,

"That's it?"

Mayo Clinic, or Mayo Medical Center, has 30,000 employees. Before Chen Xia was reborn, the number of employees reached 60,000, with annual revenue of nearly $80 billion.

Such a huge facility would be a piece of cake for even 400 interns, let alone 40 of them.

Childe Steve didn't think twice and said with a smile: "As the vice chairman, I can give you an answer to your conditions now, okay."

This is just like bargaining when buying something. The shopkeeper says 800, you say 80, and the shopkeeper says without thinking, "Take it."

Chen Xia wanted to slap himself a few times.

It turns out that their vision is too narrow. Why did they only ask for 40 places? Even if the two hospitals under their name cannot use all the places, it would be better to provide a few places to other domestic hospitals.

Childe Steve didn't understand why Chen Xia looked so annoyed. Instead, he felt that Dean Chen was very easy to talk to. He was prepared to bleed heavily, but he actually made such a small request.

An honest man.

Chen Xia adjusted his mood and continued, "We hope that the clinical trials of the new drug we are launching this time can be conducted in the clinical department of the Mayo Clinic."

As long as clinical trials are conducted at Mayo and approved by Mayo, other hospitals in the world will have no doubts at all. This is more cost-effective and authoritative than spending a lot of money on advertising.

Childe Steve smiled and said softly, "If you can license the patent to Pfizer, then everything will be fine."

Well, the lobbying for drug patents has begun.

The first of the two previous collaborations was patent licensing with Pfizer, GlaxoSmithKline, and Takeda Pharmaceutical.

At present, patent fees have been gradually arriving in the account of the Cayman Islands. According to my sister-in-law's feedback, the total amount is about 400 million US dollars.

Of course, as sales gradually increase in the next few years, patent fees will only increase. These are just the patents for three drugs.

The second cooperation was a joint venture with GlaxoSmithKline to build a pharmaceutical company specializing in the production of sildenafil. This area has not yet produced any production benefits because sales have only just started.

Sildenafil is definitely a gold mine, and its annual sales volume is certain to reach billions of dollars in the future.

Although Pumpkin Vine obtained shares and can receive dividends every year, it actually earns money from the wholesale price, and the subsequent retail links have nothing to do with them.

GlaxoSmithKline can make money from the pharmaceutical industry and make another profit from selling the products. It makes money on both ends, and this is the big profit.

Despite this, according to Chen Xia's estimation, once sales get back on track, the annual dividends will definitely be at least tens or even hundreds of billions of US dollars, which is more than the patent fees.

There is a lot of money, but there are also many problems. What do these international giants represent? Capital.

Capital has always been greedy and deceptive. After defrauding the enemy, it will defraud its own people. Chen Xia can already imagine the possible false accounting problems in the "Tsuen Wan Pharmaceutical Factory".

At least GlaxoSmithKline will do everything possible to reduce his dividends, that's for sure.

In this way, the honeymoon period of cooperation between the two companies can be easily broken, and they can easily become enemies and go to court over the amount of dividends.

This happened very often in later generations.

Not to mention friends, even if relatives work together to do business, they will end up fighting and getting hurt.

So Chen Xia and Chen Shuqin regretted their decision afterwards and decided that future cooperation should focus on collecting patent fees.

If a small company like Pumpkin Vine Company wants to cooperate with these capital giants, it is really overestimating its own capabilities and seeking its own death.

Besides, if you invent a drug and then build a factory in partnership with another pharmaceutical company, how will you manage it? You are just a minority shareholder, and I'm afraid the majority shareholder will make you suffer to the bitter end.

Chen Xia looked at Childe Steve with a smile,

"We've always had a pleasant cooperation with Pfizer, but I just received a quote from a US pharmaceutical company. They offered me an 8% royalty. I don't know if Pfizer..."

Childe Steve was shocked. He didn't expect that someone had taken the initiative. This was very important information.

He was just a puppet of capital and had no decision-making power, so the secretary hurriedly called Marcia, the representative of Pfizer.

Of course, Marcia was waiting for news from Chen Xia, and Childe Steve's conversation today was also instructed by her.

"8%? Chen, I think that number seems a bit high. You have to know that the annualized return on Wall Street fund investment is only over 7% right now."

Marcia is the vice president of Pfizer, and it was she who negotiated the patent license for omeprazole.

Chen Xia personally poured two cups of tea for them:

"Ms. Marcia, there are actually no secrets in this world. According to industry estimates, the profit margins for drugs like omeprazole and clarithromycin exceed 75%, right?"

Marcia smiled but said nothing, pretending to drink her tea.

"From 100 yuan in sales, you earn 75 yuan, and I only earn 5 yuan. Actually, that's not much, right? I cover all the R&D costs. We're all in the pharmaceutical industry, so you're definitely aware of how huge the R&D investment is."

You're talking to capitalists about conscience? That's like talking to a cow. They're just waiting for you to collect 0.5% of the patent fee. It's absolutely impossible for them to take pity on you and give you a little more patent fee.

So the two sides continued to bargain with each other. That night, Chen Shuqin also came, and later representatives from GlaxoSmithKline and Takeda Pharmaceutical also joined in.

Finally, the four-party talks reached an agreement to increase the patent fee by one percentage point to 6%.

However, Pfizer, GlaxoSmithKline and Takeda Pharmaceutical tacitly allowed Chen Xia to personally purchase shares of these three pharmaceutical companies at market prices, but no matter how much was purchased, the upper limit could not exceed 10%.

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