Modou MH District, Zizhu National High-tech Industrial Development Zone, Pharmaceutical Research Institute.
This unmarked building is next to the pharmaceutical factory of Dongya Mingyu Pharmaceutical Co., Ltd., but neither party knows that their owner is actually the same person.
This pharmaceutical factory, which covers a large area and is well-equipped, has been producing various daily medicines. However, because it is an independent company and not part of the group, it has been ignored for a long time.
This was Si Mingyu's preparation for a rainy day. Since he already knew that the new drug would be successfully developed, the equipment and employees for subsequent mass production had to be prepared in advance, so that mass production could begin immediately once the production approval was completed.
"Mr. Si." Dr. Li Zhenyuan, the head of the institute, and other researchers greeted him at the door.
"Director Li, everyone, thank you for your hard work." Si Mingyu greeted everyone very politely.
"I have finally lived up to your trust." Li Zhenyuan said modestly.
The researchers behind him could not hide their smiles. After all, the most difficult stage of the new drug had been completed, and the next step was clinical trials. Once it was successfully launched on the market, everyone would receive a huge bonus according to the original agreement. Now that the boss was here, how could they not be happy?
"Mr. Si, please come in."
"Director Li, please."
In the institute's conference room, Si Mingyu and Li Zhenyuan sat at the top, with Zhang Ningxi and Lin Shirui sitting next to them, in addition to the institute's employees. The large screen opposite showed the personnel from the Fifty State Federation branch, who were participating in the meeting via video.
"Dear colleagues, first of all, let me formally introduce to you our boss, Mr. Si Mingyu." Li Zhenyuan said in a loud voice.
"Nice to meet you all. Thank you for your hard work." Si Mingyu said amid the applause of the crowd.
Li Zhenyuan was in charge of the institute from the beginning. He had never been there except to provide funding, so this was really his first meeting with the employees. After all, Li Zhenyuan was also a company employee, so what could he be worried about?
The researchers at the fifty-state federal branch on the other side of the video were mostly surprised by Si Mingyu's age; he was so young; some of them had children older than him. But they also knew that with the successful development of the new drug, this young man would soon have a place on the world's wealth rankings.
"First of all, please allow me to express my most sincere gratitude to Mr. Si. Without him, we would not be where we are today." Li Zhenyuan stood up and bowed to Si Mingyu to express his gratitude.
"Director Li, this is not allowed." Si Mingyu quickly stepped aside and asked him to sit down.
There was nothing wrong with what Li Zhenyuan said. He was the leader in the research and development of the new drug and the others were just cooperating, but in the final analysis, they were all Si Mingyu's employees.
"When I first took my paper to seek investors, I ran into many obstacles. Only Mr. Si believed in me. He not only invested a huge amount of money to establish this research institute, but also gave me full responsibility. What kind of trust does this show?"
A person of Li Zhenyuan's level naturally could not appear out of thin air. He graduated from a prestigious domestic university with a degree in medicine and received a doctorate in medicine from the University of Oxford in the UK. He has taught at Harvard University in the Fifty States Federation and has extensive work experience. His research direction is the treatment of a rare disease.
Li Zhenyuan had indeed sought investment from the Fifty State Federation, a move arranged by the company. As expected, no one believed the authenticity of his paper, leading to no investment.
Then Si Mingyu's further investment would not seem surprising.
"I still remember what Mr. Si said to me. He said that in ancient times, Shennong tasted hundreds of herbs. Today, why not give it a try to cure diseases and save lives? Even if we take the wrong path, it can help those who come after us avoid detours. But fortunately, we took the right path." Li Zhenyuan was crying uncontrollably at this moment.
There was a burst of warm applause from below.
As participants, they are well aware of what this "why not give it a try" represents. It involves investing more than 14 billion yuan over a four-year period. Moreover, not all investments will yield returns. There is at least a two-thirds probability that additional investment will be required, and a three-fifths probability that the money will be wasted.
If you succeed today, everyone will envy you, but if you fail, the boss will bear all the losses alone.
"Now, please let Mr. Si speak." As soon as Li Zhenyuan finished speaking, there was another round of warm applause.
"First, I want to express my gratitude to Director Li and everyone involved. There are many investors in this world, but there are very few people as outstanding as Director Li, and there are even fewer researchers as outstanding as you. Our success is the result of everyone's joint efforts."
After the applause, Si Mingyu continued, "I don't understand professional matters, so I won't say much here. However, the Chinese New Year is approaching soon, and I have prepared holiday gifts for everyone."
"Director Li, I've prepared five million US dollars. You can distribute it to everyone as bonuses later according to their ranks."
"Thank you, Mr. Si!"
All the employees present, including those on the other side of the video, cheered. Even the lowest-level researchers received a bonus of US$10,000. They loved this Spring Festival gift.
"Please keep up the good work. There will be a large bonus waiting for you when the new drug is on the market!" Si Mingyu was not just empty talk. After all, the most difficult research and development stage had been completed.
All employees are really full of energy at this moment. The four years of hardship are finally coming to an end. Why shouldn’t they work hard for the bonus?
After the staff meeting, Li Zhenyuan brought Si Mingyu and others to his office.
"Director Li, are there any issues with the procedures and patents for the new drug?"
"Don't worry, Mr. Si. We have hired a professional agency to handle the relevant legal and patent matters. There will be no problems, whether domestically or internationally."
"How will the next clinical trial be arranged?" Si Mingyu was very concerned about this.
"In fact, the preliminary preparations have already begun. If we follow the steps in China, it will take about three to five years. If we go abroad, it will be much faster, just one year."
"Isn't it said that the research and development of a new drug must basically follow the Double Ten Standard? Why is it so fast abroad?" Si Mingyu was very curious.
The so-called double-ten standard is a term used in the industry, which states that developing a new drug requires an investment of at least one billion US dollars and ten years, with no upper limit and no guarantee of success.
"This is because domestic requirements are strict. Overseas, clinical trials can be conducted in India under the name of the Fifty-State Federal Medical Research Institute."
"India?"
"Yes. India is the world's largest producer of generic drugs, and five of the top ten generic drug companies in the world are in India. But few people pay attention to the fact that India is also the largest clinical trial site for global pharmaceutical companies," Li Zhenyuan explained.
"Didn't the Indian authorities announce stricter controls?"
"How credible can the Indian official statement be?"
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