After resting for a few days, Park Jin Hyuk returned to his busy work.
Today, he is organizing a meeting with all executives.
"DS Pharmaceuticals should focus on developing and producing new drugs and not go astray."
"If we focus all our energy on producing medicines for others, we will lose our fundamentals!"
At the meeting, there were numerous opinions opposing the focus of business development on the CMO, namely BioLogics.
Seeing this situation, Park Jin Hyuk winked at Mao Dayong.
So Mao Dayong said:
"The main purpose of today's meeting is to discuss what we should do based on the results of the San Francisco exhibition. This doesn't mean we won't develop new drugs in the future. Let's end the meeting here for now!"
All the executives had left, leaving only Park Jin Hyuk and Mao Dayong in the conference room.
"President Mao, why do people have this attitude? They look at you like you're a traitor."
"Maybe after I came here, I adjusted the business focus, and everyone has opinions about it."
"I've never understood why you couldn't move forward with your plans for CMO and biosimilars, even though you had them all planned out. Now I understand. It's because there's too much internal resistance."
"Yes... there are reasons for this."
Mao Dayong didn't say much, but Park Jin Hyuk already knew his situation in DS Pharmaceuticals.
"But now I'm here to support you, so I hope you can cheer up."
"Actually, what they say is not entirely without reason. Ultimately, we still have to conduct new drug research and development ourselves. Otherwise, we can no longer be called a pharmaceutical company, but just a contract manufacturer."
"I know. I've considered this issue before. We must first overcome the current difficulties before we can discuss other matters."
"I understand. Our cooperation with North Pharmaceuticals is progressing smoothly. We've also received a commitment from Pfizer. As soon as we complete the trial production of North's new drug, they will sign a contract with us for commissioned production. We can increase the factory's capacity utilization to over 60% in two months, or at least before the end of summer."
“The speed is still too slow.”
Park Jin Hyuk lowered his voice and told him that the headquarters was going to sell BioLogics.
Mao Dayong seemed very surprised.
"Selling BioLogics? Are you giving up the pharmaceutical business?"
"It's not that I've given up completely, but I've stopped making it my main job."
"Huh~ What should I do?"
Worry returned to Mao Dayong's face.
This means that the future development plan for DS Pharmaceuticals that he painstakingly formulated will become a pile of waste paper.
Park Jin Hyuk comforted him:
"Don't worry, even if the president gives up pharmaceutical manufacturing, I will never give up."
Hearing Park Jin Hyuk say this, Mao Dayong's eyes suddenly became moist, because he had once thought about devoting the rest of his life to the development of DS Pharmaceuticals.
He nodded vigorously.
"Tell me what I should do. I'm willing to die for it."
From this moment on, Mao Dayong completely stood on Park Jin Hyuk's side, and together with Xuan Yizhu, he became his right-hand man in the true sense of the word.
Seeing his serious expression, Park Jin Hyuk smiled.
“The top priority is to speed up the process.”
"Speeding up the process... does that mean we can just ignore the profits and get the factory up and running right away?"
"Yes, we need to increase capacity utilization as quickly as possible so that we can have something to say."
"Let me think..."
Mao Dayong lowered his head to think for a while, then raised his head
“After returning from San Francisco, several companies contacted us.”
"Really? How come I didn't know?"
"Because we did not accept the conditions proposed by the other party, we did not report to you."
"What conditions did the other party put forward?"
Mao Dayong recalled and said:
"One company hasn't completed Phase II clinical trials yet, and the condition is..."
"Don't consider this one, let's talk about the next one."
"I think so too. The second company proposed to jointly develop new drugs with us..."
"This is even more ridiculous, is there anything else?"
Suddenly, Mao Dayong became hesitant.
"Yes, there is another one, but..."
“What’s going on with this house?
"The conditions proposed by this company are even more unacceptable, and the senior executives will definitely firmly oppose it."
"What conditions did the other party put forward? Tell me quickly."
Mao Dayong then said:
"It's the Swiss pharmaceutical company Novo Nordisk..."
"I've heard of Novo Nordisk. It's a very famous international pharmaceutical company, on the same level as Pfizer."
"Their condition was that if we could stop developing the biosimilar drug Tracife, they would entrust us with the production of the flu drug Bidaphil."
Park Jin Hyuk looked at Mao Dayong without saying anything.
He didn't know what Tracima was and what Bidafil was all about.
Mao Dayong explained:
"Tlaserma was developed by Novo Nordisk for the treatment of rheumatoid arthritis and leukemia. In Europe, annual sales could reach 1 trillion to 1.2 trillion won. If we succeed in copying it, annual sales could reach 300 billion won."
"Annual sales of 300 billion?"
"Yes."
Park Jin Hyuk understood why Mao Dayong rejected Noso Pharmaceuticals' proposal.
A business that can bring in 300 billion won in annual revenue cannot be given up.
My dear, there is more to this chapter. Please click on the next page to continue reading. It will be even more exciting later!
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