Dr. Schneider said:
“Then why do you keep bringing up the Monsanto issue?”
"Monsanto is, after all, your company's largest acquisition. I'd like to understand your business style from this."
"Don't worry. We won't make the same mistakes again. North Pharmaceuticals only has two new drugs, Datongling and another one under development. We don't know when the new drugs will be successfully developed, and they haven't figured out the purpose of the new drugs yet..."
Dr. Schneider paused and glanced at Bauman.
Because Bauman poked him from below, which was a reminder for him not to continue talking.
Dr. Schneider then realized that he had said too much.
However, Park Jin Hyuk saw all of this.
"It seems they are not concerned about Datongling, but another new drug that North is developing."
Park Jin Hyuk watched them calmly.
After a brief silence, the two sides continued negotiations, but failed to make any substantial progress.
Because Park Jin Hyuk's mind is no longer here.
The two people from Bayer were losing their patience. They said:
"$800 million, paid in full in one lump sum, this is the final condition we can offer. If you agree, we can sign the contract immediately."
"If you had given me this condition earlier, I might have agreed."
"What do you mean?"
"Now, I have other ideas. I plan to discuss it with North Pharmaceuticals before making a decision."
As he spoke, Park Jin Hyuk stood up and extended his hand to the other party, which clearly meant to see the guest off.
The other party wanted to continue saying something.
However, Park Jin Hyuk had already turned and walked out of the meeting room.
Seeing Park Jin Hyuk coming out, Jin Junyu who was waiting at the door said:
"I've booked a flight for you for tonight, and I've also booked a hotel for you."
"Have you told North?"
"I did."
"good."
Park Jin Hyuk walked into the elevator and pressed the button for the top floor.
During the negotiations with Bayer, Park Jin Hyuk found a good solution to the current problem, and he planned to discuss it with Mao Dayong immediately.
All along, it was Mao Dayong who came to see him, and he rarely went to Mao Dayong's office.
Mao Dayong was surprised to see Park Jin Hyuk walk in.
"What brings you here? Is there something urgent?"
"Nothing. I'm planning to go to Austria soon, and before I go, there's something I want to discuss."
Mao Dayong hurriedly sat down opposite Park Jin Hyuk.
"Going to Austria? Why so suddenly?"
"I feel the need to talk to North immediately."
Then, Park Jin Hyuk asked the question he had been wanting to ask these days.
"How's the new drug development going?"
Mao Dayong stopped talking. He pondered for a moment, then lowered his head and said:
“It’s not going well.”
"I don't mean to blame you. Please tell me the actual progress."
"After evaluation, we concluded that it's essentially impossible to develop new drugs in the short term on our own. Therefore, we are seeking external resources... However, we haven't been able to find a suitable partner so far."
“How can we understand that there is no suitable partner?”
Then, Mao Dayong explained the situation of domestic pharmaceutical companies and said that they were looking for overseas targets for mergers and acquisitions.
Park Jin Hyuk nodded.
"That's perfect. We need to be careful when choosing acquisition targets. Otherwise, we might end up wasting money and not even seeing any results."
"Do you have any good ideas?"
"I would like to recommend a potential acquisition target to you."
"Which company?"
Mao Dayong was very surprised that Park Jin Hyuk had found a solution to a problem that even a senior medical expert like him could not solve?
Park Jin Hyuk smiled and said to him:
"North Pharmaceuticals."
"What?"
North Pharmaceuticals was established not long ago and has only launched one new drug.
Of course, the new drug Datongling has obtained sales authorization from the FDA and the EU, which has already surpassed DS Pharmaceuticals in new drug research and development, but it still seems slightly insufficient.
"I just met with guests from Bayer. They plan to buy all my shares for $800 million."
"You originally invested 50 million US dollars. If you're willing to pay 800 million, that's a pretty good offer."
"But it's not attractive enough for me."
Park Jin Hyuk looked at Mao Dayong who was very surprised.
"However, during the negotiation process, one thing caught my attention."
"What is it?"
"Do you know who just came from Bayer? The Vice President and CFO of Bayer Group came over right after getting off the plane. With just my approval, they can pay $800 million in one lump sum. Do you know what this means?"
“It’s really unusual.”
"During the negotiations with them, I got an interesting piece of information. They said North was developing a new drug, but North hadn't figured out the true purpose of the new drug."
"Does this mean that the new drug can treat other diseases?"
"I don't know if they were negligent or intentionally disrupting my thinking. Anyway, it seems that the new drug North is developing has gone in the wrong direction. We can take this opportunity to acquire North and correct the wrong direction."
After hearing this, Mao Dayong suddenly understood.
Park Jin Hyuk's ability to see the big picture from the subtle details is truly amazing.
Seeing that Mao Dayong understood what he meant, Park Jin Hyuk stood up.
"I'll go to Austria and try to convince North to agree to our merger. You stay here and prepare the necessary funds and calculate the price. Besides my 30% stake, how many shares will we need to control the management rights? Make all preparations for the merger."
"Okay, such a large M&A project needs approval from the head office. In addition, I'm afraid we'll have to seek financing from a financial company."
"You can handle this as you see fit. Financial companies can consider DS Securities first... and report this to the chairman. He won't object."
After saying that, Park Jin Hyuk stood up and said to Jin Junyu:
"Leave immediately."
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