Chapter 706: 706
Out of Feng Yu’s expectations, Zhang Ruiqiang seriously replied: “It is the opposite . I trust you . If you say this is worth 200 million, then it is worth 200 million! I am only curious why is it worth 200 million RMB . ”
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Feng Yu was stunned . His hand, which was reaching out for the tea leaves stopped in midair: “You believe what I said?”
“Why not? You have never lied to me about these things . Unless you are trying to con me this time . ” Zhang Ruiqiang laughed .
Damn! Old Zhang is still dependable during times like this . Look at him . This is why he can be the Mayor of Bing City . He was smarter than those people from the State-owned Assets Supervision and Administration Commission of the State Council (SASAC)! Why would I try to cheat 200 million RMB from them?
“I am not lying to you . ” Feng Yu replied honestly .
“Ok, then it’s fine . ” Zhang Ruiqiang lit a cigarette and took a puff .
“What do you mean by it’s fine?” Feng Yu was confused .
“I will help you settle this . It is not a problem for this formula to be valued at 200 million . But the share proportion must remain the same . ” Zhang Ruiqiang said .
“The City government is willing to increase the investment by more than 200 million?” Feng Yu was curious .
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The Bing City Government could afford to increase its investment by 200 million . But this will not be in the City’s budget plan . The City’s budget had been planned long ago .
How will the City cover up this 200 million RMB deficit? Which City’s development project will be postponed?
“The City cannot come up with 200 million . This is why I hope you will give in a little . Give the medicine formula to Bing City Pharmaceutical Enterprise first, and then start the production and sales of this medicine . The City will use our share of profits from the following two years to re-invest into the company, or you can take out 200 million RMB, including interest from our profits . This way, it can be considered that you sold this medicine to the company . ” Zhang Ruiqiang told Feng Yu his proposed solution .
This was the most straightforward solution Zhang Ruiqiang could come up with, and it was based on his trust in Feng Yu . If it wasn’t for Feng Yu, Bing City Pharmaceutical Enterprise will also not grow to its current scale . It will still be like in the past, struggling to survive . How could this company get such high profits and became one of the top pharmaceutical company in China?
Feng Yu opened his mouth and then said: “But this medicine is still not developed successfully yet . Also, the clinical trial has not started yet . We cannot produce it . ”
“What? This formula is not successful yet?” Zhang Ruiqiang was stunned, and his face changed: “What are you trying to do? You want to value a yet to develop medicine formula for 200 million?!”
“It is not one formula . It is two formulas . Two formulas for inhibitors . We have confirmed the uses for these inhibitors, and I dare to guarantee that the medicine will be a success . But the medicine still needs to undergo clinical trials . ”
Zhang Ruiqiang was deep in thoughts . If this was the truth, then he will have no reason to support Feng Yu . Everyone knows about those nutritional medicine formulas . Those medicines were sent straight for test and got the approval fast . The clinical trials for those medicines were very short .
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But now, this medicine cannot be produced immediately for profits, and they still need to continue to spend money to research and develop this medicine . This was completely different from the previous medicine formulas .
Secretary Liu, who was listening by the side, suddenly asked: “Manager Feng, I heard that the formula you bought is medicine for treating that type of ailment?”
Zhang Ruiqiang raised his head: “What type of ailment?”
Feng Yu looked at Zhang Ruiqiang . Damn . Old Zhang don’t even know what the medicine is for? No wonder he wanted to support me without hesitations .
“It is for treating impotence in men . To be more specific, erectile dysfunction!” Feng Yu replied calmly .
Zhang Ruiqiang looked into Feng Yu’s eyes and then slowly look down . He had a troubled looked on his face and seems to want to ask Feng Yu some questions .
Feng Yu was furious . Where the hell are you looking at?! Your eyes tell me that you are suspecting that I have some issues and need to develop this drug for myself?
Goddamn! I am only in my early twenties . This is the period where I am the strongest!
“I HAVE NO PROBLEMS!” Feng Yu replied firmly .
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Zhang Ruiqiang looked away and replied slowly: “I did not say you have any issues with your body . Why are you trying to explain yourself?”
Feng Yu glared at Zhang Ruiqiang, and Zhang Ruiqiang looked away .
Feng Yu took a few deep breaths to calm himself down . “Based on overseas research, 1 out of every 10 males in the world have erectile dysfunction . Some of them are because of psychological issues, and some are physical problems . This inhibitor is a core component in developing this drug, and it can treat this ailment effectively . The chances of this drug curing this condition are up to 80% . How big do you think this market is?”
Zhang Ruiqiang paused for a while and asked: “Will the men affected admit they have this condition?”
Feng Yu immediately look at Zhang Ruiqiang suspiciously and let him have a feel of being suspected of having this condition .
Zhang Ruiqiang’s face immediately changed . He looks like he was able to transform into Incredible Hulk . No matter how calm he was, he could not stay calm with Feng Yu looking at him like this .
“This is because many people are shy to admit they have this condition, and they will try to seek treatment from unlicensed practitioners . On my way here, I have seen all sorts of advertisements posted on a lamppost, claiming they have their traditional miraculous wine or some pills that will help men . All those “medicines” are not proven, and we do not even know if it is harmful to the bodies of those who took it . This medicine is different . There are little side effects and will not harm the body . Also, it is a prescribed drug . ”
In Feng Yu’s previous life, he had seen lots of advertisements about treating men’s problems . Most of these advertisements were dodgy, and the components in their products were weird . It was neither Chinese traditional medicines or Western medicines . The claims in the ads were exaggerated, and even if people were tricked by these companies, they were too embarrassed to look for them . This was because they do not want others to know that they were taking such medicines .
Pfizer’s Sildenafil was effective and was from a reputable pharmaceutical company . What impressed Feng Yu the most was that even CCTV news reported on this drug . This shows how effective this drug was .
“But how will you market this drug? How are you going to sell it?” Zhang Ruiqiang asked .
“This will be a prescription drug . We only need to ask the hospitals that are close to Bing City Pharmaceutical Enterprise to help us promote this medicine . This medicine can also let us enter the overseas market . It will be our flagship medicine in the international market!”
Zhang Ruiqiang was still hesitating . Use this medicine as flagship medicine for the company? Then Bing City Pharmaceutical will be known as a company that specialized in such illness . It will not be suitable for their brand reputation .
“This medicine will bring at least a few hundred million USD of profits for our company in the future . ”
Feng Yu remembered Pfizer’s annual profits exceeding over 1 billion USD in his previous life . But that was because this medicine was already well known all over the world . The profits for the first few years were not that high, and Pfizer had spent quite a lot to market it .
“A few hundred million USD of profits? Will the profits be so high?” Zhang Ruiqiang’s eyes turned into $$ signs .
“That’s the minimum!” Feng Yu confidently replied .
Zhang Ruiqiang took in a deep breath and said: “Fine . Leave this to me . But we will only return you 200 million after our profits exceed that amount . Also, the interest will only start after this medicine enters the market!”
Feng Yu nodded: “Although I am taken advantage of by the City Government, I do not mind . Deal!”