Extraordinary Genius

Chapter 692: People are stupid and have too much money

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readx(); Pfizer is the world's top pharmaceutical company. Although it is not the world's largest, it is not much different from other companies. Founded in the middle of the last century, it was initially just a small company making chemical products. Later, it entered the field of chemical pharmaceuticals, and then made a fortune during the American Civil War and became one of the largest chemical pharmaceutical manufacturing companies in the United States.

Later, antibiotics were discovered, and Pfizer entered the field of antibiotic manufacturing and grew into one of the pioneers of fermentation technology, which also allowed the company to grow further.

At this time, World War II broke out. Because Pfizer was able to provide cheap penicillin, it became the largest supplier of penicillin to the American army in World War II, and the company took off again.

The company then developed the broad-spectrum antibiotic oxytetracycline, including later tetracycline, piroxicam, etc., all of which brought huge profits to Pfizer.

It is worth mentioning that most of China’s oxytetracycline, tetracycline, etc. at this time are also produced by Pfizer. And because tetracycline is cheap and effective, it is widely used in large quantities, thus a batch of... tetracycline teeth were born!

After Pfizer discovered the benefits of drug research and development, it invested a large amount of money in it, and the research and development direction was all about drugs with the highest market demand.

For example, antihypertensive drugs, cholesterol-lowering drugs, rheumatism drugs, analgesics, anti-inflammatory drugs and their world-leading antibiotic drugs, of course, including some anti-cancer drugs.

Pfizer's results are also very gratifying. New drugs are constantly being launched, each of which can bring considerable profits to the company.

The reason why Pfizer has become one of the giants is because they have patented formulas for many drugs, which can bring them huge profits within the twenty-year protection period of the drugs. Even after the protection period, they can still guarantee a price advantage because they have the most mature production methods.

Coupled with the effectiveness of their brands, they will still be able to continue to make profits from these drugs.

Now Boss Feng actually wants to buy their patented drug formula. How is this possible? When did you hear that Pfizer would sell the patented formula it developed? Unless the patent protection period is about to expire. It's just a little bit possible.

"Mr. Feng, I can't make the decision to agree to this, because the patented drug formula is the company's most important asset." Victor said hesitantly.

Feng Yu looked very dissatisfied: "Wealth, isn't it just for selling money? You haven't heard my quotation yet, how do you know that the company won't agree? Besides, haven't you ever sold patented formulas? ?"

What Feng Yu said was rough, but it made sense. Develop those drug formulas and apply for patents. It's just to create wealth, not to benefit patients as they preach. If it can be sold at a high price at this time, it seems good.

But the drugs currently developed by the company are all drugs that the company believes are in great demand in the market after research. How can the patented formula be sold

But it can’t be sold, maybe it can be licensed? If he can get a sky-high licensing fee, maybe the company can also give him a lot of rewards. Money is secondary, it can allow him to be transferred back to the United States. Reunion with family is most important.

"We have never sold the patented formula, but we have licensed it to other companies for production. If Mr. Feng wants to license the patent, we can still talk about it." Victor said slyly.

Licensing? Damn, isn’t that money earned? Most of it was taken away by you. Bingcheng Pharmaceutical also has its own drug R&D laboratory and now has many professional R&D personnel. There is no need to buy the other party's patent authorization.

What Feng Yu is interested in is a drug that Pfizer is about to successfully develop, a drug that everyone has discovered has "side effects" that are more effective than the original research and development direction - Viagra!

This is a new drug being developed by Pfizer, with the purpose of treating angina pectoris and anti-thrombosis. After drugs were developed to suppress high blood pressure and other effects, clinical trials were conducted, only to find that the efficacy of the drugs was simply discouraging.

It can be said to be a complete failure. There is no market for this kind of medicine with minimal efficacy.

However, they found that many clinical trial personnel secretly hid the drug, and some bold R&D personnel only discovered the "side effects" of the drug after taking it themselves. That is, it can make men have frequent erections.

So the researchers decided to change the direction of research and study it as a drug for the treatment of erectile dysfunction. After the report was submitted, Pfizer also conducted market research for nearly three years.

It wasn't until the beginning of this year that the actual trial began, and it was found that the effect was surprisingly good. Basically, 80% of people showed significant improvement after taking it.

It is not that there were no similar drugs before, but they were all injected, and the effects of injections were not so good. Who is still interested after giving himself a shot before doing anything

When Feng Yu sent someone to contact Pfizer to see if he could buy the drug formula, he found that the other party was already conducting clinical trials. In other words, by the time he wanted to buy it, it was already too late.

How is it possible for a world-class company like Pfizer to buy the formula of a drug with just a little money? Although Feng Yu had people offer a high price, the other party still did not agree. The caliber was the same as Victor's. If it was launched in the future, the patent could be authorized, but the formula would not be sold.

How could Feng Yu be satisfied with the patent authorization? He wanted more and wanted to make this medicine his own. But now it seems that it is very difficult, and Feng Yu can only make one move.

"Victor, do you think I will be the one who pays patent licensing fees to others? What I want is to buy some formulas, some formulas for treating diseases. It can be used to treat any disease, even semi-finished products, I don't choose. In terms of price, I will definitely satisfy you." Feng Yu said carelessly.

Feng Yu only knew that Viagra was a PDE5 inhibitor, and in his previous life, there was not only one type of Viagra, but also at least two similar drugs. Feng Yu only needs to buy the formula of the PDE5 inhibitor. The specific research on it later will be much simpler.

And as long as there is a formula, Feng Yu can guarantee that the medicines produced by Bingcheng Pharmaceuticals can be launched earlier than Pfizer's, because China's supervision in this regard is not as strict as that of the United States, and the title of the world's number one is lost to Bingcheng Pharmaceuticals If we win, the sales of medicines in the future will definitely be better than those of other companies.

When Victor heard Feng Yu's words, his heart moved. Also semi-finished products? Doesn’t that mean that many of the company’s failed research prescriptions can be sold to him

This Boss Feng is so rich. A typical person is stupid and has too much money. If he can sell some semi-finished products to him and reduce the company's R&D costs, wouldn't he be doing a great job

With this merit, he should be able to apply for transfer back to the United States, right

"Mr. Feng, if the semi-finished product is also acceptable, then I can help you ask." (To be continued.)

PS: Second update, there is another update ahead, don’t miss it. Thank you for your monthly votes for book lovers such as Jingyesi 110, Shancun Taoyuan, Fengxuan's Pride, The Novel Man Who Stays at Home, etc.