Chapter 667: Convincing Pfizer to Come to China



After all, blood is thicker than water. Xu's father and mother forgave their daughter and accepted Chen Xia. The family stayed happily on the farm for two days.

After all, Xu Yuan is already 7 months pregnant, and she may go into labor at any time in the coming days.

Tian Yue was worried about her daughter staying alone in the United States, so she decided to stay and take care of her daughter throughout the whole process. There was also a sense of compensation in this.

Xu Hongtai also fell in love with this farm. He was close to nature every day and had no paperwork to do. His life was very comfortable.

Being in a high position, only he himself knows the hardships involved.

On the third day, Chen Xia left the farm and went to Pfizer Pharmaceuticals headquarters in New York. He had another business to discuss with Pfizer.

Pfizer executives were very surprised by Chen Xia's sudden arrival.

Especially when Chen Xia said that he came here this time to cooperate with Pfizer to produce biological products such as insulin, as well as related diabetes drugs.

The whole Pfizer was in a sensation.

Isn’t this too exciting?

Just over half a year ago, Lili Pharmaceuticals, the world's largest manufacturer of diabetes drugs and insulin, was burned down by an inexplicable fire.

As a result, more than half a year later, the mysterious "Pumpkin Vine Pharmaceuticals" (PV Company) immediately came up with more advanced insulin and diabetes drugs, which was as exaggerated as if it was "premeditated".

Pfizer Chairman Morrison, President Osborne, and Vice President Marcia personally welcomed Chen Xia at the entrance of the headquarters building.

This level of welcome is no better than that offered by the US president during his visit.

But the Americans are too cowardly. At least they could get some young boys and girls to wear red scarves and send flowers. It's not lively at all.

In the conference room.

When Chen Xia took out the instructions for several medicines and distributed them to everyone, no one at the scene said a word, and everyone immersed themselves in studying them.

Everyone present were experts in the pharmaceutical industry, and they immediately realized the commercial prospects of these drugs, which could only be described as enormous.

Whether it is insulin or diabetes drugs, all of them are updated products of existing drugs, bypassing other companies' patents.

If these drugs can be produced, it means that "Lilai Pharmaceutical" will be completely crippled and killed, and will never be able to make a comeback.

Morrison glanced at the Chinese man who was leisurely drinking coffee next to him, and a chill ran down his spine.

The image of this young man in his mind now is that he is cruel and ruthless, one thing after another, powerful, and has enough revenge.

They are just trying to counterfeit your atomizer solution, so why are you so persistent and attacking them from all sides?

But he would never dare to say this, because he didn't want his company and factory to have an inexplicable fire, and then all the company's products to be upgraded and defeated by others.

Morrison was still lost in thought, but President Osborne couldn't help but say:

"Chen, have you conducted clinical trials on these drugs? What are their efficacy?"

Chen Xia shrugged:

"I've already given you the instructions, which contain detailed data. Our experiment will definitely stand the test of clinical practice and time. I guarantee this with my reputation."

Chen Xia has always had a good reputation. He has provided so many drug patents, and none of them has not made him a huge profit.

Morrison suddenly asked:

"Chen, you and your company have always been our good partners. This time, are you willing to license these drug patents to us? Can you license the global patents to us, Pfizer? To do this, we are willing to increase the patent fees."

The old man has a good idea. With a global patent, the pricing power is in his hands.

Diabetes medication, this is an absolute gold mine.

In the United States alone, there are more than 20 million people with diabetes, and about 70 million of the general population are in "borderline diabetes."

Thanks to the United States' well-developed medical insurance system and social welfare system, the vast majority of Americans can receive comprehensive and burden-free treatment.

Moreover, diabetes is different from stomach problems and asthma. It requires lifelong medication and cannot be stopped for a single day. Therefore, the sales volume is foreseeable to be huge.

If Pfizer has full patent authorization and pricing power, they will still make a lot of money even if the patent fee increases by one or two percentage points.

Chen Xia smacked her lips, suddenly not knowing how to answer.

Chen Xia wasn't sure whether granting Pfizer global authorization would be beneficial or harmful, or whether there were any pitfalls in the collaboration.

Seeing Chen Xia thinking, Morrison decided to add fuel to the fire.

"Chen, you have to know that you are now one of our company's shareholders. You hold 8% of Pfizer shares, making you the fourth largest individual shareholder. Pfizer is ours, and it is also yours. You can't be partial."

Chen Xia was shocked and lay down on the grass.

No wonder Pfizer was so willing to let Chen Xia invest in it, and the share was not small. It turned out that they were lying in ambush here.

If you can't beat them, join them.

Chen Xia scratched his head. He seemed unable to refute this reason. In theory, this was his own company, and he couldn't just turn his arm outward.

Wait, he has shares in GlaxoSmithKline and Japan's Takeda Pharmaceutical. How can he keep it fair?

It seems that the only option is to authorize them to produce other drugs.

Chen Xia smiled and said:

"Mr. Morrison, Mr. Osborne, Ms. Marcia, if I license the global patent to Pfizer, I have one condition, which is that the pharmaceutical factory must be built in my hometown."

ah?

Everyone was surprised. They thought Chen Xia might ask for an exorbitant price and raise the patent fee, but they had never thought about why he would make such a request.

Morrison asked curiously:

"Chen, can you tell me what benefits this will bring to Pfizer? I doubt China has the ability and supporting facilities to produce drugs."

"Hey, Mr. Morrison, don't forget, I'm Chinese. The medicine I'm using was also invented by a Chinese. Do you think our country doesn't have the ability to produce medicine?"

Morrison was stunned.

Chen Xia often appeared in the United States and could speak fluent English, so Morrison always regarded Chen Xia as a Chinese American and did not realize that he was a real Chinese.

"Sorry, sorry, Chen, please forgive my shallowness and ignorance."

The old man quickly gave in. After all, he felt that they were in the negotiation stage and had offended the God of Wealth. If the other party did not cooperate with Pfizer, he would be dismissed by the board of directors.

Chen Xia didn't care:

"Ladies and gentlemen, I actually want to say that there are many benefits to investing in China and building factories in China. For example, there is a preferential policy of "two exemptions and three reductions" for foreign investment, and now land and labor are very cheap.

Compared to the United States, a pharmacist who graduated from a university in China only earns a few dozen dollars a month, while as far as I know, a technician at a pharmaceutical factory in the United States earns more than 2,000 dollars a month. The money saved is all in the cost."

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