Park Jin Hyuk said:
"What was the original plan? Please tell me, what was the original goal?"
The planning team leader regretted being the first to report and said aggrievedly:
"The semiconductor industry, exemplified by the mobile phone industry, has seen a separation between design and production. We foresee this trend in the biopharmaceutical industry as well, so three years ago we began investing in and building a factory to provide contract manufacturing services for companies that have new drug development capabilities but lack or have insufficient production capacity."
"Well, the initial choice was reasonable... but after building the factory, I saw that the market demand wasn't that high, was it?"
"That's one reason... Also, some companies that originally planned to entrust us with production had their new drugs fail clinical trials in the later stages, which is also a factor."
"So how can we break this dilemma?"
"…We plan to produce a new drug developed by DS Pharmaceuticals. If it passes clinical trials…"
“Ah~”
Park Jin Hyuk shook his head.
His sigh echoed throughout the conference room through the microphone.
This sound made the executives present even more uneasy.
"President Mao!"
"yes?"
As soon as Mao Dayong took office as president, he identified the CMO (contract manufacturing organization) business as the key to DS Pharmaceutical's transformation and made large-scale investments.
Therefore, he felt very ashamed of his current situation.
"Looks like we have to do it ourselves."
"What do you mean?"
"What else can I point to? The factory has no orders now, what are we supposed to do? Go out and find orders!"
"this?"
Mao Dayong looked at Park Jin Hyuk in confusion.
Going out to sell may be a difficult thing for others, but for Park Jin Hyuk, it is a relatively easy thing.
Because, for the past 10 years, all he has done is sales.
Rather than sitting at his desk looking at documents, he would rather meet clients and sell his company's products and services to them.
"President Mao, I don't know much about the biopharmaceutical industry. Please tell me where I need to get the orders. We can't just sit here in the company. Orders won't come to us on their own."
"Yes, I understand."
Mao Dayong nodded quickly.
Park Jin Hyuk once again looked around at the executives present.
“Please, everyone, we have to work together. After getting here, I realized that DS Pharmaceuticals has a lot of problems.
However, we should find hope amidst the difficulties, so please work together."
After hearing what Park Jin Hyuk said, the executives forced smiles and nodded.
The meeting ended and Park Jin Hyuk stood up from his seat and walked out of the meeting room.
"Why didn't you mention the funding?"
Kim Jun-woo followed behind Park Jin-hyuk and asked carefully.
"Do you think this occasion is inappropriate?"
"How's the funding? Is everything ready?"
"Everything is ready."
Park Jin Hyuk said as he walked.
"I still feel a little uneasy."
"Not too worried?"
"Well, I'm a little worried that BioLogics will go from being a cash cow to being useless."
As he spoke, Park Jin Hyuk stopped and looked back at Kim Jun Woo.
Initially, they thought BioLogics was a trump card and cash cow in the hands of DS Pharmaceuticals.
"Everything is ready, but you're still worried? Didn't we already know about this?"
"Yes, I know, you know, but how valuable is information that everyone knows? I think it's necessary to reconsider this."
"So you're planning to cancel your original plan?"
"No, let's think about it again. Today is our first day here, so we don't need to be too anxious."
"Director Park, only by moving forward quickly can we get more at a lower price. Isn't that what President Hyun suggested?"
“That’s why I want you to understand that even if the price is a bit higher, I hope to be able to do it more reliably when it comes to mortgaging equity for loans.
This is not the first or second time that people have lost money due to hasty investments without proper prior research.”
Liu Zhengjie once bought a stock on a friend's strong recommendation, only to lose half his money within three months. Another time, he bought a commercial property that everyone praised, but the tenant refused to pay rent, leaving him with a headache.
He has been working hard to save money, and he doesn't have any bad hobbies. He didn't look for another girlfriend after breaking up, so he has saved some money.
However, after several failed investments, he lost all the money he had saved with great difficulty.
Past experience taught him:
'Even if it means less profit, we should do it more cautiously.'
In Park Jin Hyuk's view, DS BioLogics is very attractive.
He believed that he was not the only one who thought so.
"We've already arrived at DS Pharmaceuticals, and the direction has been determined. As long as the direction is correct, a slower pace is not a problem."
"I see. Then let me get to know President Mao..."
"While you're learning more about him, try asking him what he thinks of BioLogics. The perspectives of an outsider and an insider might differ."
With that, Park Jin Hyuk walked into the office.
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