Mistaking My Sister-In-Law for My Wife After Getting Drunk!-Chapter 773 - 772: FNM-19 New Drug
Chapter 773: Chapter 772: FNM-19 New Drug
“Those companies are so sneaky, when they saw we had a funding issue, they all teamed up against us!”
“Oh! Doing business is just like fighting a war!”
Ren Dayuan lamented in his heart what a pity!
“Director Ren, we should never have researched cancer drugs. If we had invested six hundred million in these three years, we wouldn’t be in this situation!”
Ren Dayuan had made this decision because he realized that most people couldn’t afford imported cancer drugs.
It was for this very reason that he ignored everyone’s protests and was determined to develop a tumor-fighting drug for Da Nong Nation!
...
In the past three years, Kanghua Pharmaceutical had almost spent all of its earnings on the research and development of targeted cancer drugs!
Kanghua Pharmaceutical, however, occupied more than half of the national market share. Setting up a research institute was not a difficult task at all!
But in recent years, many antibiotic companies had emerged, competing against each other, significantly reducing their sales!
And now, their sales accounted for less than 10%!
Coupled with the current plummet in income, their cash flow had reached its limit!
And their competitors, knowing this, were pushing down prices relentlessly, cornering their company into a dead end, eating away at Kanghua Pharmaceutical’s market share!
Following this, Kanghua Pharmaceutical’s CEO Ren Dayuan summoned a high-level meeting.
Decisions were made as follows!
1. Look for investors and sell Kanghua Pharmaceutical’s stock!
2. Mortgage the factory’s fixed assets to borrow money from banks and pay off all debts!
3. Discuss with other companies and stop the price war!
All departments of Kanghua Pharmaceutical were working intensively!
But just at that moment!
Ren Dayuan started receiving feedback from various departments!
In the past two days, the marketing department had approached thousands of companies, trying to bring in more projects, yet even the marketing director only managed to secure two million!
This little bit of money was utterly useless!
As for mortgages, many banks flatly refused, reasoning that they had significant outstanding debts yet to be repaid, and these people did not want to take the risk!
In these two days, not a single penny was borrowed!
The other competitors simply ignored Kanghua Pharmaceutical!
If Kanghua Pharmaceutical were to go under, their profits would increase by 5%!
Ren Dayuan had no more options, for his company was likely to go bankrupt!
Visit freewёbnoνel.com for the best novel reading experience.
Three years ago, when he first started cancer research.
To prove his determination, he had given up his years-long habit of smoking, and even kept a pack of cigarettes in his drawer.
He hesitated for a moment, then took out a cigarette and lit it!
With one inhalation, he started coughing!
After three years of not smoking, a sudden urge made his body rebel!
Ren Dayuan took a few breaths and soon felt the environment around him improving, a sense of déjà vu washing over him!
He suddenly realized that quitting smoking was not an easy thing, but a momentary thought!
Ren Dayuan didn’t even finish one cigarette before snapping it and flicking it away like it was just another breath!
The cigarette was indeed good, the nicotine contained in it could quickly cause a numbing sensation, allowing one to momentarily forget their worries!
While Ren Dayuan was immersed in this tranquility!
Someone knocked on his door!
Ren Dayuan quickly stubbed out the cigarette on the ground and tossed it into the trash, then rolled down the car window!
His appearance was exactly like that of a child caught smoking.
Then, he shouted at the door!
“Come in!”
Just at that moment, the door was pushed open, and Song Zhe entered with a smile on his face.
“Congratulations, Chairman Ren!”
With the interruption of the tobacco gone, Ren Dayuan’s inner frustration surged once again!
However, in the presence of Song Zhe, he forced a smile and said,
“Chief Engineer Song has arrived, please take a seat!”
No sooner had Song Zhe sat down than he burst out excitedly.
“Chairman Ren, we’ve discovered another new FNM-19 drug, and this time the data indicates that this new medication has a very good efficacy…”
However, upon learning this news, Ren Dayuan was anything but excited!
Still, he did not interrupt Song Zhe’s explanation.
“Chairman Ren, I believe we have the confidence to develop a new targeted drug, more effective than those from the Beautiful Country!”
As Song Zhe spoke, he saw Ren Dayuan looking indifferent as if a gentle breeze had blown away all his concerns!
No wonder, Ren Dayuan was very interested in his own lab, and he would visit it no matter when!
Even a small discovery in the lab would send him over the moon!
But now, Ren Dayuan’s expression was unnaturally calm, which made Song Zhe feel that something was off!
“Have you been smoking?”
A hint of embarrassment appeared on Ren Dayuan’s face; he had promised Song Zhe that he would be able to explain himself only after he had developed the cancer drug!
But he had only smoked half a cigarette when he bumped into Song Zhe!
Under normal circumstances, Ren Dayuan placed great importance on his credibility.
This time, he had broken his promise for the sake of Kanghua Pharmaceutical, abandoning that research institute!
“Chief Engineer Song, I have some bad news to tell you, our Kanghua Pharmaceutical is going bankrupt!”
“Bankruptcy?”
Song Zhe was shocked; in his mind, Kanghua Pharmaceutical was a large enterprise that couldn’t possibly go bankrupt.
He suddenly remembered that Liu Li had mentioned their company was going bankrupt two days ago, and he had been somewhat in disbelief.
Now, hearing it from Ren Dayuan himself, Huang Xiaolong had to believe it too!
“Chairman Ren, what about our lab?”
Ren Dayuan sighed and said, “The Kanghua Group no longer has the funds to continue the research!”
“But we now have a new drug called FNM-19, and within a year at most, we can develop our own anti-tumor medication!”
“Chief Engineer Song, I understand your point, but our company really doesn’t have enough funds to support our research right now!”
Song Zhe still didn’t give up, desperately trying to secure more benefits. It was only at this moment that he realized Ren Dayuan was truly out of options!
“Chief Engineer Song, why don’t you go home and think things over, find a solution. In another week, our company will declare bankruptcy,” Ren Dayuan said.
Song Zhe left the president’s office with a heart full of disappointment.
For the first time in his life, he had been so close yet so far away!
Just as he was preparing to return to his lab, a phone call came through. It was his dorm mate!
“Old Song, have you made up your mind about whether you want to come work with us?”
Four days had already passed!
Elder Huang had received the authorization paperwork for the new drug development!
The director had been negotiating with the person in charge at the approval department for days!
That’s why they were interested.
When they discovered the amount of cancer medication imported, they were stunned!
Just the anti-tumor medication in the Da Nong Country alone accounted for nearly a hundred billion in sales!
