The development of biologic drugs is huge, and Amgen is running out of money, but the product is far away, and if it weren't for the success story of Genentech, investors would have withdrawn their funds long ago. Pen @ fun @ pavilion wWw. ｂｉｑUｇE。 ｉｎｆｏ

"What?!!Lee's Pharmaceuticals paid $70 million to buy Amgen??!! aren't you mistaken" Venture capitalist Carl James looked at Amgen founder and CEO Dr. George Ratman in dismay.

Dr. George Ratman nodded with great confidence and said, "It's true, Miss Dongfang Yuqin personally called me just now, and after getting the news, I will contact you immediately!"

Genentech was merged into Lee's Pharmaceuticals, and today Lee's Pharmaceuticals is a global leader in biotechnology.

Carl James was overjoyed to hear this, and in early 1981 he and two other major investment firms raised a total of $19 million as start-up capital, holding a total of 65 percent of the shares. Unexpectedly, more than a year later, Amgen, which had not developed any products, had risen to $70 million in market value.

"Have you contacted the heads of the other two investment companies?" asked Carl James.

"Naturally, there are other people in contact, please come to Amgen immediately, and let's discuss it together!"

"Okay!"

……

The next day, Amgen's executives and investors gathered in Amgen's conference room.

Dr. George Ratman repeated the $70 million acquisition of Amgen by Lee's Pharmaceuticals and asked, "What do you guys think?"

Carl James was the first to say, "Lee's Pharmaceuticals is the most advanced biopharmaceutical company in the world, and it would be a good fit for Amgen to be integrated into the company. Besides, $70 million is really a lot!"

Carl James has actually regretted investing in Amgen for a long time, he didn't expect that biotechnology research and development can't help but cost a lot of money, and it takes a long time, the money is burned out, and the product is far away.

Representatives of the other two venture capital firms nodded in agreement. In fact, they can't go on anymore, who knows that in the Year of the Monkey, Amgen will be able to develop products. As a venture capital company, since they are now making money, they will sell it decisively.

When Dr. George Ratman saw that they all agreed, he could only agree.

A week later, Lee's Pharmaceuticals wholly acquired Amgen.

At the same time, a number of promising biotech companies around the world were offered to acquire Lee's Pharmaceutical, and then they were acquired one by one.

From mid-August to the end of September, in just over a month, Lee's Pharmaceutical acquired a total of 18 companies, large and small, for only $650 million. In addition, Lee's Pharmaceutical Company is also poaching people with high salaries, and most of the top talents in biotechnology in the 80s were recruited by Lee's Pharmaceutical Company under its umbrella.

At this time, everyone couldn't help but be shocked by the crazy behavior of Lee's Pharmaceutical Company.

Someone ridiculed: "Chronos・Li can't be stimulated and go crazy, right? Johnson & Johnson couldn't buy it, so he frantically bought these small companies to vent his frustration!"

On October 1st, Lee's Pharmaceutical Company held a press conference, Li Zetian attended the press conference, and solemnly announced at the press conference: "Welcome everyone to this press conference, the content of this conference is only one point: from today, Lee's Pharmaceutical Company 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, and solve the problem of human diseases from the most fundamental place!"

I believe that biopharmaceuticals are the future of development!!

”

Bang Bang Bang !!

The press conference immediately applauded!

People don't know what to !!

Biotechnology and genetic engineering are both strange 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 press conference, and after Li Zetian's speech, these companies all fell into deep thought.

The next day, the Wall Street Journal reported: "Wall Street professional appraisal agencies originally estimated the market value of Lee's Pharmaceutical Company at $20 billion, but after Lee's Pharmaceutical Company changed its name to Gene Technology Company, it was highly sought after by investors, and the famous Wall Street analyst Joseph Ellis declared that the market value of Gene Technology Company was at least $25 billion!"

Since then, it is not difficult to see that biotechnology concept stocks will be on fire in the United States!!"

As soon as the Wall Street Journal report came out, many people who had previously ridiculed Li Zetian were completely unhappy.

"What's that Wall Street idiot? The company changed its name and increased its market value by $5 billion?!"

"yes, this group of people is rubbish!"

“……”

However, there are still many people who see the problem more fairly.

"It can't be said that Genentech, the world's most powerful biopharmaceutical company, is Lee's Pharmaceutical, and then frantically acquired biopharmaceutical companies, and biological talents and technologies have been acquired by Lee's Pharmaceutical, which has strong and unparalleled capabilities in the field of biopharmaceuticals. The reason why Wall Street is so optimistic about Gene Technology is not just as simple as changing its name!"

"Hehe, there's no need to explain too much to these people, they are all brainless. Who is Chronos Li, if he were an ordinary man, how could he achieve what he is today?!"

“……”

Gene technology company, unlimited scenery, no two at a time!

At this time, Johnson & Johnson was unlucky and ushered in the worst crisis in its history!

On October 9, 1982, an unidentified poisoner adulterated cyanide in bottled Extra Strength Tylenol capsules made by McNeil Consumer Products, a Johnson & Johnson company, killing seven people.

As soon as the news came out, the whole United States was frightened by Tylenol, and Johnson & Johnson was hit hard, and its market value plummeted! Tylenol has always been the best-selling painkiller in the United States, with a market share of 35 percent. An American advertising authority even asserted that Johnson & Johnson would no longer be able to sell another product under the name 'Tylenol'.

James Burke, the CEO of Johnson & Johnson, immediately ordered all of the company's Tylenol to be removed from stores across the United States. Within six days of the first patient death, Johnson & Johnson recalled all 31 million bottles of Tylenol analgesic capsules, the largest recall in the history of the retail industry!

In fact, it is not only 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 this news, and his heart was overjoyed, and he couldn't help but shout, "God help me"!

Immediately, Li Zetian called Dongfang Yuqin to him.

"Dongfang Yuqin, Johnson & Johnson is in a big disaster, and the opportunity to beat the water dogs should not be missed! We used our own publicity channels to expose Johnson & Johnson's drug problems in a big way, and even did not hesitate to spend some money to ask the media to help Johnson & Johnson "publicize" it!

Dongfang Yuqin smiled knowingly, nodded and said, "Don't worry, Mr. Li, I know how to do it!"

"Okay! Hurry up, Johnson & Johnson must be working on PR right now, we can't let them recover so quickly!"

"Hmm!" Dongfang Yuqin immediately took the order and left.

Li Zetian picked up the newspaper at this time, looked at the news on it, and couldn't help sneering: "Johnson & Johnson, I see how you escaped from the palm of my hand this time!!

PS: Do you think two more a day is less?