Park Jin Hyuk nodded thoughtfully, but not in agreement.
He had a hunch that Mao Dayong might have picked up sesame seeds and lost watermelons.
"Please make an appointment with Nos Pharmaceuticals. We should talk to them."
"Would you like to talk in person?"
Park Jin Hyuk said:
"Yes, please, you and President Shi will also participate. Now, as long as it is a plan that does not lose money, we should actively consider it and strive to seize every opportunity."
When Mao Dayong heard Park Jin Hyuk say that this might be an opportunity, he immediately became excited because he knew that Park Jin Hyuk was more experienced than him in terms of business acumen.
"I'll arrange it right away. I heard that the head of Knott's Asia region will be coming to Korea in a week. I'll try to get him an appointment."
"That's great."
*** *** ***
A week later.
The head of Knott's Asia region arrived at Incheon International Airport.
According to the agreement with Park Jin Hyuk, this person in charge will visit the DS BioLogics factory as soon as he gets off the plane.
This was an initiative proposed by Novo Pharmaceuticals, which hopes to inspect the production plant immediately and conduct cooperation negotiations at the factory.
At the same time, Park Jin Hyuk was also on his way to BioLogics.
When he arrived at the factory, Mao Dayong, Shi Zhengwan and others were already waiting for him there.
"Are you all ready?"
"I'm ready."
As President Shi Zhengwan said, the entire factory looked well-organized. Flowers were placed at the entrance of the office building, and the electronic screen in the lobby on the first floor displayed the message "Welcome to Novo Nordisk Pharmaceuticals to visit DS BioLogics."
About an hour later, three black cars drove into the BioLogics factory.
Kevin South, head of Novo Nordisk Pharmaceuticals Asia Pacific, and Sven Peterson, general manager of the Korean subsidiary, got out of the car.
Mao Dayong stepped forward and shook hands with the other party to express his welcome.
The other party directly proposed:
"Let's take a tour of the factory first."
So, Mao Dayong and Shi Zhengwan began to accompany each other to visit the factory, and Park Zhenhe followed behind them.
He noticed Kevin South and Sven Peterson, both with the number 10 billion above their heads, which showed that they both had considerable abilities.
The fact that they came to visit the factory as soon as they got off the plane showed that they were very eager to find a new production plant.
Park Jin Hyuk thought:
'It seems the chances are greater than I thought.'
The factory tour took an hour, and then the people from Novo Nordisk Pharmaceuticals offered to arrange a conference room for them as they wanted to hold their own internal meeting.
Shi Zhengwan glanced at Park Zhenhe secretly, and Park Zhenhe nodded.
So Shi Zhengwan took them to the conference room.
Taking advantage of this opportunity, Mao Dayong came over and said to Park Zhenhe:
"What do you think they are going to do?"
Park Jin Hyuk smiled but didn't answer.
At this time, Jin Junyu walked in and whispered to Park Zhenhe:
"Confirmed."
"What's going on?"
"Novo Nordisk has decided to close its Indian plant responsible for production in the Asia-Pacific region."
"Closing the factory?"
"Yes, the reason is that the Indian factory used that batch of raw materials in order to complete the order even though it knew that the raw materials were substandard. Therefore, its production qualification was revoked."
"how so?"
The pharmaceutical industry has very high requirements for production raw materials. If the raw materials are unqualified, they must not be used.
"It was discovered by the US Centers for Disease Control and Prevention because of the flu outbreak in Europe. The CDC recommended that countries stockpile relevant drugs and inspected production plants in various regions... and found the problem in the Indian factory."
Mao Dayong exclaimed in surprise:
"It wasn't discovered by my own examination, but by the U.S. Centers for Disease Control and Prevention?"
Park Jin Hyuk quickly said:
"Shh~Keep your voice down!"
Mao Dayong lowered his voice.
"I'm sorry, but it's so surprising that they might lose their patent if they do that."
"Cancel the patent? How could that be?"
According to Park Jin Hyuk's understanding, once a patent is obtained, it is protected by law.
Especially in the United States, the legal system for protecting individual rights is very complete.
Mao Dayong explained:
"In some special circumstances, patents may be revoked. For example, in the event of a global disaster, it is possible to terminate the patent on a drug, allowing countries to copy the drug. In such cases, the public interest should be prioritized over individual rights."
"As President Mao said, the US Centers for Disease Control and Prevention is discussing whether countries should be allowed to produce generic drugs."
"So that's how it is! That's why they're so anxious."
A smile spread across Park Jin Hyuk's face, and he asked Mao Dayong:
"Is this kind of thing common?"
Mao Dayong shook his head.
"It's not very common. This is the first time I've heard of a case where production continues despite knowing the raw materials are defective. However, I have encountered cases where patents were terminated and generic drug production was allowed under special circumstances."
"For example?"
"A few years ago, due to the prevalence of viral influenza, our country discussed allowing the imitation of related drugs, but the relevant pharmaceutical companies ultimately guaranteed the supply of drugs."
“What about other countries?”
"It's similar. Once they hear that generics are going to be allowed, pharmaceutical companies will try every possible means to ensure supply, because once generics are allowed, it's equivalent to losing the patent rights."
"So Noso Pharmaceuticals will try every possible means to ensure production and protect its patent rights."
Park Jin Hyuk said thoughtfully:
"Things are getting interesting."
Although the negotiations between the two parties have not yet begun, they already know each other's cards.
"Secretary Jin, excellent! The intelligence team has just been established and has obtained such important information."
"This is all thanks to your wise command."
"Now that we know the other party's cards, it depends on how we respond, right, President Shi?"
When asked so suddenly by Park Jin Hyuk, Shi Zheng Wan answered subconsciously:
"Yes."
"How's the progress on the production capacity increase I mentioned earlier?"
Shi Zhengwan replied:
"The plan to increase production capacity was completed two weeks ago, and we have since discussed it with DS Construction and have determined the specific quantity and duration of the capacity increase."
"Great, how much can the production capacity be increased? And when is the completion date?"
"We plan to increase annual production capacity by 50,000 liters, with a construction period of three months. If we reduce the amount of capacity increase, the construction period can be brought forward, but if it is less than 50,000 liters, the point of increasing production capacity will be small."
"Is the fastest possible three months?"
"Yes, if everything goes well, it can be completed within three months."
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