The development of biological drugs costs a lot. Amgen's funds are almost exhausted, but the product is still far away. If there were no successful examples of Genentech before, investors would have withdrawn their funds long ago.
"What?! Lee's Pharmaceuticals paid $70 million to buy Amgen? You're right?!!" Venture capitalist Carl James looked at Amgen founder and CEO George Ratman in dismay PhD.
Dr. George Ratman nodded confidently and said, "It's true, Miss Dongfang Yuqin just called me in person, and I'll contact you as soon as I get this news!"
Genentech was merged into Lee's Pharmaceuticals. It can be said that today's Lee's Pharmaceuticals is a leading company in global biotechnology.
Carl James was overjoyed when he heard this. In early 1981, he and two other major investment companies raised a total of $19 million as start-up capital, holding a total of 65% of the shares. Unexpectedly, more than a year later, the market value of Amgen, which has not developed any products, has risen to 70 million US dollars.
"Have the heads of the other two investment firms contacted?" Carl James asked.
"Of course there are other people in contact, please come to Amgen immediately and discuss it together!"
"OK!"
…
The next day, in Amgen's conference room, the company's executives and investors gathered here.
Dr. George Ratman repeated Lee's $70 million acquisition of Amgen and asked, "What do you think?"
Carl James was the first to say: "Lee's Pharmaceuticals is the most advanced biopharmaceutical company in the world. If Amgen can be merged into this company, it is the most suitable. Besides, 70 million US dollars is really a lot!"
Carl James has already regretted investing in Amgen for a long time. He did not expect that biotechnology research and development could not help but cost a lot, and it took a long time. The money was burned out, but the product was in the future. , I can't wait for a pick-up man to appear immediately.
Representatives of the other two venture capital firms nodded in agreement. In fact, they can't go on, who knows that Amgen can develop products in the year of the monkey and the month of the horse. As a venture capital company, since they have made money now, they will sell it decisively.
Seeing that they all agreed, Dr. George Ratman could only agree.
So a week later, Lee's Pharmaceuticals wholly acquired Amgen.
At the same time, a number of potential biological companies around the world have been offered acquisitions by Lee's Pharmaceuticals, and subsequently acquired one by one.
From mid-August to the end of September, in just over a month, Lee's Pharmaceuticals acquired a total of 18 companies, large and small, for only $650 million. In addition, Li's Pharmaceutical Company is still poaching people with high salaries. Most of the top talents in biotechnology in the 1980s were recruited by Li's Pharmaceutical Company to its own banner.
At this time, everyone couldn't help but be shocked by the crazy behavior of Li's Pharmaceutical Company.
Someone laughed: "Chronos Li is not stimulated, is he crazy? Johnson & Johnson failed to acquire it, so he bought these small companies frantically, so as to vent his unhappiness!"
On October 1st, Li's Pharmaceutical Company held a press conference. Li Zetian attended the press conference and solemnly announced loudly at the press conference: "Welcome to this press conference, this press conference. The content is only one point: from today, Li's Pharmaceutical Company has officially changed its name to Gene Technology Company. Biotechnology will be the core of Gene Technology Company. In the near future, Gene Technology Company will unveil the mystery of genes for human beings, from the most fundamental The place to solve human disease problems!
I believe that biopharmaceuticals are the future development trend! ! !
"
clap clap clap! ! !
Immediately, there was thunderous applause at the press conference!
People are ignorant! ! !
Biotechnology and genetic engineering are both unfamiliar and mysterious to people in this era. However, they also know that genes are very powerful! Countless pharmaceutical companies are also paying attention to this conference. After Li Zetian's speech, these companies all fell into contemplation.
The next day, The Wall Street Journal reported: "The Wall Street professional appraisal agency originally estimated the market value of Lee's Pharmaceutical Company at US$20 billion, but after Lee's Pharmaceutical Company changed its name to Gene Technology, it was highly sought after by investors, a famous Wall Street analysis. Teacher Joseph Ellis claims that the market value of gene technology companies is at least 25 billion US dollars!
Since then, it is not difficult to see that biotechnology stocks will be very popular in the United States! ! ! "
As soon as the "Wall Street Journal" report came out, many people who laughed at Li Zetian before were completely upset.
"What are those idiots on Wall Street? The company changed its name and its market value increased by $5 billion?!"
"Yeah, these people are so rubbish!"
"… "
However, there are still many people who see the issue fairly.
"It can't be said that the world's most powerful biopharmaceutical company, Genentech, is owned by Lee's Pharmaceutical Company, and then it acquired biopharmaceutical companies frantically. The talents and technologies in biology were acquired by Lee's Pharmaceutical Company. The pharmaceutical field has unparalleled capabilities. The reason why Wall Street is so bullish on gene technology companies is not just a simple name change!”
"Hehe, there is no need to explain too much to these people, they are all mindless. Who is Chronos Li? If he is an ordinary man, how can he achieve such achievements today?!"
"… "
Gene technology company, the scenery is infinite, there is no two in a moment!
At this time, Johnson & Johnson had a bad luck and ushered in the most serious crisis in its history!
On October 9, 1982, a still-unidentified poisoner mixed cyanide into bottled capsules of Extra Strength Tylenol produced by Johnson & Johnson's McNeil Consumer Products (er Products) , resulting in 7 deaths.
As soon as the news came out, the entire United States was terrified by Tylenol, Johnson & Johnson was hit hard, and the market value plummeted! Tylenol has been the best-selling pain reliever in the U.S. with a 35% market share. An American advertising authority even asserted that Johnson & Johnson would no longer be able to sell another product under the name 'Tylenol'.
Johnson & Johnson CEO James Burke immediately ordered all of the company's Tylenol products to be pulled from stores across the United States. Within six days of the first patient death, Johnson & Johnson recalled all 31 million vials of Tylenol, the largest recall in retail history!
In fact, it is not only the drug Tylenol that is affected. People no longer trust Johnson & Johnson, and naturally they dare not buy other drugs from Johnson & Johnson!
Li Zetian was shocked by the news, and was overjoyed, he couldn't help but shouted "God help me too"!
Immediately, Li Zetian called Dongfang Yuqin to him.
"Dongfang Yuqin, Johnson & Johnson is in great trouble, don't miss the opportunity to beat the underdogs! We use our own publicity channels to expose Johnson & Johnson's drug problems, and even spend some money to ask the media to help Johnson & Johnson "publicize" it! "
Dongfang Yuqin smiled knowingly and nodded, "Don't worry, Mr. Li, I know how to do it!"
"Okay! Come on, Johnson & Johnson must be working hard on PR now, we can't let them recover so quickly!"
"Yeah!" Dongfang Yuqin immediately led the way.
Li Zetian picked up the newspaper at this time, looked at the news on it, and said with a sneer: "Johnson & Johnson, I see how you escaped my palm this time!!!"
PS: Do you feel less than two a day