470. The Most Popular Industry In Dragon Kingdom Is The Pharmaceutical Industry
470. The Most Popular Industry In Dragon Kingdom Is The Pharmaceutical Industry
Having said this, the smile on Wang Chengdong's face disappeared.
It was replaced by a complex expression of jealousy, hatred and confusion.
It's like he can't understand Han Yue's behavior at all.
When he heard that Goldman Sachs had lost money, Zhao Hongbo also took a breath.
Goldman Sachs is a unique entity in the financial circle around the world, with extremely ruthless vision.
Even in the midst of a financial crisis, they managed to survive independently and rarely lost money.
In the eyes of financial giants like Goldman Sachs, when the economy is improving, it is an opportunity to make money. When the economy collapses, countless people go bankrupt, and countless countries fall into crisis, it is a great opportunity for them to harvest wealth.
If the economy is good, Goldman Sachs wants to make money.
The economy is not good, and Goldman Sachs wants to make a lot of money!
In the eyes of everyone in the financial circle, Goldman Sachs seems to have a golden halo.
So Zhao Hongbo was also very curious at this time. Why did Goldman Sachs, which was almost invincible in the financial circle, lose money in Longguo? How could it still be related to Han Yue?
Why does Wall Street gnash its teeth at Han Yue?
"You Goldman Sachs will also lose money? What kind of project is it? What does this have to do with Han Yue?" Zhao Hongbo turned into a curious baby and asked questions one after another.
"Hey, don't mention it. Our group invested in a pharmaceutical company and developed a targeted drug for lung cancer. It has reached the third phase of trials and will be ready for clinical trials soon. The results are very good. All SA (analysts at Goldman Sachs) ) all thought that this investment would definitely make a lot of money! All the EDs and VPs were jealous of our group. But what they never expected was that their Han Yue came up with a universal cancer targeting drug."
"All the patents and formulas were disclosed for free. Our investment was instantly wiped out. The pharmaceutical company invested US$1.8 billion in R&D funds for this cancer-targeted drug, but all of it was wasted and almost went bankrupt. !I also lost my year-end bonus because of this matter." When Wang Chengdong mentioned Han Yue, he gritted his teeth and became very angry.
"You said Han Yue, is he crazy? He has developed a great drug by himself, how about we make a fortune together? If he is willing, we at Goldman Sachs will definitely invest in him. And help him with this universal cancer target The medicine was sold all over the world at the most appropriate price, and he became the richest man in the world. But he insisted on making it public for free.
"He is doing harm to others without benefiting himself. He wants to be a saint and even causes us, Goldman Sachs, to lose money."
Only then did Zhao Hongbo understand why Wang Chengdong and Goldman Sachs hated Han Yue so much.
Damn it, Han Yue really made them lose a lot of money this time.
Western pharmaceutical giants invest huge amounts in the research and development of new drugs, amounting to tens of billions of dollars a year.
But the rewards are also great. Take targeted cancer drugs as an example. If a cancer-targeted drug is successfully developed, the annual profit can reach billions of dollars, and this money can be covered under the protection of the pharmaceutical patent system. You can make money for twenty years! It can be called an inexhaustible gold mine.
…Please give me flowers…
As for how much money cancer patients spend every year, how many people cannot afford the medicine, and how many people go bankrupt because of it, they don't care.
In short, in the eyes of the pharmaceutical giants Goldman Sachs and Yingjiang, Han Yue cutting off their financial resources is like killing their parents.
Zhao Hongbo said with emotion: "I have indeed heard about this, but domestic pharmaceutical companies have not lost money this time. You know their R&D capabilities."
The pharmaceutical industry in Dragon Kingdom can be said to be the most diverse industry in Dragon Kingdom.
Western pharmaceutical giants spend tens of billions of dollars on research and development every year, although they set the prices of various drugs extremely high, close to the limit that patients can bear, in order to maximize profits.
It can be said that the research and development of these pharmaceutical companies in Longguo has no research and development. On average, a company's R&D expenses are only a few hundred million RMB, which is not even as much as advertising expenses.
In the past, Longguo's semiconductor industry lagged behind, but in fact, Longguo's biggest industry was the pharmaceutical industry.
However, it may be that stupid people are lucky.
Han Yue developed universal cancer targeting drugs, and Western pharmaceutical companies developing cancer drugs all suffered losses.
But these pharmaceutical companies in Longguo, cancer drugs? What cancer drugs? We don’t develop that stuff.
We all research and develop Chinese patent medicines that nourish the kidneys and strengthen yang.
Therefore, Longguo, a major pharmaceutical company, did not lose money.
Longguo also did not lose money when it invested in financial institutions in the pharmaceutical industry.
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