As a mage, I just want to pursue the truth

Chapter 27: Gusu has no airport

Investment institutions' expectations for Sinovation Biotechnology are not as simple as just going public. They believe that Sinovation Biotechnology has the potential to become a leader in domestic innovative drugs and there is no rush to go public.

The top ten pharmaceutical companies in the world all have their own flagship products. For example, AbbVie has an annual turnover of more than 1 billion US dollars, of which billion US dollars comes from its flagship product Humira. The same is true for Merck's flagship product PD- inhibitor pembrolizumab injection and Roche Pharmaceuticals.

Take domestic pharmaceutical companies as an example. Old-brand pharmaceutical companies such as Lu'an Pharmaceutical and Northeast Pharmaceutical have products and sales, but because they do not have flagship products, their valuations cannot compare with Changchun High-Tech and Pianzihuang, which rely solely on one drug.

Some people may think that the valuation of 471 billion Euros in the B round of investment in Kechuang Biotechnology is expensive, but from the perspective of investment institutions, they feel that they have made a fortune, especially after the release of production capacity this year and the good response to the launch of Endorphin.

Endorphins are praised by the pharmaceutical industry peers as another big single product miracle drug. Endorphins are now in the early stages of development and are reaping the benefits.

Roche acquired a minority stake in Genentech in 1990.

Later in 2009, Roche Pharmaceuticals acquired 468% of Genentech's shares for billion euros.

When Genentech was acquired, it only had one flagship product - artificial insulin.

Looking back, Roche Pharmaceuticals' acquisition of genetic technology was undoubtedly a hugely profitable business, because later more than 70% of Roche's product sales came from drugs developed using genetic technology, including Herceptin, Rituximab, Avastin, etc.

When investing in Sinovation Biotech, foreign companies such as Goldman Sachs and IDG also made reference to the Roche acquisition case in their quotations, because they believed that artificial endorphins were products that could compete with artificial insulin. Zheng Li had excellent R&D capabilities, endorphins to provide cash flow support, and top R&D talents, so Sinovation Biotech's price of 471 billion yuan was completely acceptable.

It has been almost a year since Li Miaomiao came to Gusu from Jiangcheng, but it feels like several centuries have passed in just one year.

She saved twenty years of time in the workplace. It can be said that very few of her classmates at Jiangcheng University were able to spend twenty years to reach her current position.

Participating in the process of establishing and growing a company with a valuation of over 100 billion US dollars and more than 2,000 employees is an experience that cannot be bought with money.

But Li Miaomiao only had one feeling, which was tiredness or fulfillment.

When you are in a good mood, you feel fulfilled; when you are in a bad mood, you feel tired.

Li Miaomiao works all day long. When she first came, she was busy with work and study, and participated in the company's system construction, talent recruitment, financial operations and other matters.

Cheng Gang recognized Li Miaomiao's work very much. He thought that she was careful and thoughtful in her work. Not only was she reliable in her work, but she was also very good at getting along with others. So much so that when he was in charge of recruitment later, he looked up to students from Jiangcheng University.

Later, Li Miaomiao finally sorted out her thoughts and gradually began to adapt to her work. After the company received the second round of investment, Zheng Li arranged for her to go to the finance department for on-the-job training.

After the integrated production and R&D base was built, Zheng Li directly parachuted her in as the vice president in charge of finance.

Li Miaomiao is well aware that she has many shortcomings. If she does not learn about financial work, she will be sidelined by the financial director and become a rubber stamp.

Therefore, in addition to her daily work, Li Miaomiao is busy studying every day and feels much more tired than when she was in her senior year of high school.

She used to see Zheng Li once a day, then once a week, and now she can only see Zheng Li once a month.

Li Miaomiao wondered if the other person was a robot. Work and life had become one.

"Director Zheng, the main tasks for this month are as follows. The production capacity of endorphins is gradually being released. The monthly production capacity is now 680L, and the yield rate fluctuates around %."

"The site selection and contract signing for the laboratory in Lion City have been completed, and Abbott Biotech will be solely responsible for the laboratory design and equipment procurement for us."

Li Miaomiao meets with Zheng Li every month, usually reporting on the work first, and then chatting for a while. Zheng Li also needs an anchor to keep his humanity. If a mage loses his humanity, he will fall into darkness. There are many such examples.

A wizard who has fallen into darkness will stop at nothing to achieve his goal and will attack ordinary people at will. This concept was a mainstream idea in the Middle Ages, but in Zheng Lilai's era, this concept was an incorrect idea.

The Mage Alliance believes that mages and ordinary people are the same species. The Sim Empire believes that mages are superior to humans and that mages and humans have undergone fundamental changes.

The Empire and the Alliance are irreconcilable.

After Li Miaomiao reported on the business dynamics of Kechuang Biotechnology this month and matters that required Zheng Li's decision, Zheng Li replied:

"Regarding the issue of endorphin production capacity, I will optimize the production process and increase production capacity. Regarding the endorphin phase II production project, I agree in principle."

"I think it's OK to license it to other pharmaceutical companies, but how to charge the patent fees needs to be negotiated. We can't license it to other pharmaceutical companies without reason."

Regarding authorization, Zheng Li didn't care. Money was not of much use to him. What he cared about was whether he could recover his spellcasting ability as soon as possible.

"All the equipment in the Lion City laboratory is the best, without having to consider the cost."

"Cheng Gang proposed to set up an investment company to invest in biopharmaceutical companies. I think you can invest or not. You can discuss this first, and then form a complete plan and report it to me."

"."

After Zheng Li answered each question one by one, Li Miaomiao asked, "Jiangcheng University sent a message to you through my father: When Jiangcheng is unblocked, Jiangcheng University hopes to award you a double bachelor's degree in biology and mathematics."

Whether it is because of Zheng Li’s achievements or the huge donation he made to Jiangcheng during the epidemic, Jiangcheng University is very eager for Zheng Li to become a graduate of Jiangcheng University.

There is still a difference between graduation and dropping out.

Zheng Li: "What do I need to do? Let them give you a bachelor's degree, and then you can study for an MBA."

Li Miaomiao was somewhat touched by Zheng Li's concern. "I feel that I still have a lot to learn. I plan to go back to continue my studies in the second half of this year."

Zheng Li: "You want to go back to class? Then who should I leave the affairs of Kechuang Biotechnology to?"

Li Miaomiao: "I can take care of both at the same time. I only take exams but not classes at Jiangcheng University, and then I go there occasionally to communicate with teachers."

The treatment that Ke Chuang Bio gives to Li Miaomiao is fully capable of supporting her round-trip air tickets several times a week, but the problem is that there is no airport in Suzhou.

Yes, there is no airport in Gusu. If you want to take a plane, you have to go to Liangxi or Shenhai. Gusu, the second largest city in Jiangsu Province after Jinling, does not have an airport.

Thanks to Zichenya, Feiying, and book friend 20170601135107980 for the reward

I want to say that this book will not collapse. I saw some readers in the comments section saying that the pace is too fast. The plot jumps so fast because the plot of this book is officially unfolded when the mage recovers his ability to cast spells. Now it is just dessert. At least it is far from the time when it will collapse.

Then I would like to ask if there are many people reading this book, and whether I need to set up a book club.

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(End of this chapter)