The Magician’s Memorial - Chapter 410



Only Noblemtl

410. Good misunderstanding (5)

FDA officials visited Centrian.

I did not deal with them directly, but left it to Dr. Jang-woo Kim and CEO Jeong-jun Seo to treat me as an FDA employee.

Two weeks passed like that.

FDA employees visited Centrian every day to directly check the effectiveness of the treatment.

Finally, I heard some very good news today.

“Sales of MERS treatment have officially begun.”

“We started selling faster than expected.”

“And I received even better news from CEO Seo Jeong-jun. The U.S. FDA also said that the MERS treatment could be approved within the next month at the latest.”

The planning director came to report excitedly.

After all, it was really difficult to get a new drug approved by the FDA.

Although Centrion was not an affiliate of the Taewo Group on the surface, most of the shares were held by the Taewo Group and I, so the head of the planning department viewed it as a pan-Taewoo Group.

“Didn’t we talk about a cure for diabetes?”

“FDA employees said they were very interested in checking it out. Although it is not possible to get approval as quickly as the MERS treatment, they said they received a promise to proceed with the process first.”

It was not a bad result.

We were able to get emergency approval for infectious diseases like MERS.

In the case of diabetes treatments, it was difficult to obtain approval in a short period of time because various treatments, including insulin, already existed.

It was a good achievement just to proceed with the approval process first.

With Robo Nordisk’s technological prowess and the efforts of researchers including Dr. Jang-Woo Kim, there was no possibility of approval being rejected.

“Director, please take care of the proper production and distribution of MERS treatment. You may use all of Taewo Group’s infrastructure.”

“Since Taewoo Hospital is dedicated to MERS treatment, no one will find it strange that the Taewo Group is involved. I will stay at the factory and take care of it myself!”

After leaving the good news, the planning director moved to the Centrian factory.

This time, a vice president came with the same news, but a completely different reaction.

“Chairman, analysts from Wall Street and domestic securities firms simultaneously wrote and published reports related to MERS treatment.”

“Now that the MERS treatment has been approved, securities analysts should naturally be interested.”

“But the content of the report is quite negative.”

It was a vice president who had printed some reports.

I could tell what it was about just by looking at the title.

[MERS treatment is poison to Centrians!]

[MERS treatment developed with an investment of over 50 million dollars, recovery of investment is impossible]

[Is Centrian a charity? There are only 180 people infected with MERS in Korea]

The Centrion was really getting bitten.

But it was also difficult to respond. Because there were no lies in the report.

“Maybe because they are analysts, they wrote the report very objectively.”

“Actually, I agree with the analysts. There are only 180 people infected with MERS in Korea, and even if we expand the scope globally, there are only 2,000 people.”

“If you do the simple math, you could recoup your investment at $25,000 per treatment.”

“If it were sold like that, Centrion would be branded around the world as an evil pharmaceutical company.”

Of course it was a joke.

How can you sell a single treatment for tens of millions of won?

Moreover, in the case of MERS treatment, unlike other diseases, recovery was possible through respiratory treatment.

Although the fatality rate is said to be over 20%, the number of patients who would pay tens of millions of won to purchase the treatment was very limited.

“Centrion will sell each MERS treatment for about 20,000 won. So Centrion will not be branded as an evil company.”

“Once the price of the MERS treatment becomes known, Centrian’s stock price is likely to fall once again. Centrian’s stock price has been falling ever since the announcement of FDA approval.”

Isn’t this really funny?

Usually, the moment a new drug receives FDA approval, the company’s stock price explodes.

However, Centrion’s stock price was falling, and its low price was actually a bad news.

“Are there any short-selling forces involved?”

“That’s not true. Individual investors are mainly throwing stocks. And since the amount of Centrion stocks released on the market is not that large, short sellers cannot really attach themselves.”

“Then just leave it as is. Even if the stock price falls, Centrion won’t suffer.”

“That said, analysts and other pharmaceutical companies are criticizing Centrian with ridicule.”

It was a Centrian who did something that broke common sense.

Because we spent tens of millions of dollars to develop a MERS treatment that is in low demand.

It was something that not even large American pharmaceutical companies did, which is why FDA employees came all the way to Korea to personally confirm its effectiveness.

“Tell them to mock you hard. In a few years, you will get that ridicule back in full.”

“Are you having high hopes for a diabetes treatment? I also hope that Centrion will be able to turn the situation around with a diabetes treatment.”

It was a vice president who was mistaken.

A diabetes drug that is effective in treating obesity would, of course, cause a huge sensation.

That alone wasn’t enough to bring ridicule back to rival pharmaceutical companies.

The COVID-19 incident that will occur in a few years.

At that time, Centrion, which has accumulated experience with coronaviruses, will develop vaccines and treatments before anyone else.

All pharmaceutical companies had to hit the jackpot with the Corona-type virus, which they had ignored, in order to properly return the ridicule.

There was no reason to give such an explanation to the vice president.

As the topic of conversation moved to diabetes treatment, we changed the topic.

“Is the FDA approval process for diabetes drugs going smoothly?”

“They say things are going very smoothly. They say the FDA is responding exceptionally quickly. But if the diabetes treatment gets FDA approval, won’t Robo Nordisk raise an issue?”

The diabetes medication was originally owned by Robo Nordisk.

But we didn’t just bring it, we paid a lot of money to buy it, so what can we do?”

“The contract is clear, so you can’t raise an issue. It may make you feel sick to your stomach, but you can’t raise an issue.”

“What do you plan to do if you claim that the contract is terminated or invalidated?”

“It is unlikely, but if such a claim is made, we must come forward strongly. We have no choice but to disclose the weaknesses of our Robo Nordisk.”

The cards we were holding were quite strong.

It was Robo Nordisk that robbed the artificial intelligence system developed by Taewo Group with a large amount of money.

Of course, we were wagging our tails and tempting them to take it, but that didn’t mean they could pick up the wallet that fell on the ground and use it.

“Robo Nordisk may seek revenge in other ways. For example, it may disclose its diabetes treatment method to other pharmaceutical companies or develop similar drugs.”

“We hold the patent rights, so it will take more than a few years to develop a new drug by bypassing the patent. And the moment we share the recipe with another pharmaceutical company, Robo Nordisk will have to pay us compensation that will amount to bankruptcy. .”

The preliminary work has already been completed perfectly.

When signing the contract for the transfer of new drug rights, a clause was added that would shackle Robo Nordisk.

“Then it won’t be a big problem.”

“Seeing how much you are interested in new drugs, it looks like you have a lot of time on your hands these days.”

“The Chinese stock market has found stabilization. Although it continues to rise and fall, the extent is not significant.”

“Just wait quietly for a few months. Things will change again from early next year.”

“So we reduced short selling and moved a lot of funds to the exchange rate. We will increase the amount of short selling again at the end of this year.”

George, CEO of Quantum Fund, continued to record high profits through yuan.

Of course, the rate of return was not comparable to short selling, but it was a higher rate of return than investing elsewhere.

“I think President George is making good use of his major.”

“You’re running around like you’re 10 years younger.”

“Don’t push yourself too hard. Representative George needs to be active in the next project as well.”

“Have you thought about your next project?”

Is this really surprising?

It was a vice president who spoke so urgently that his voice almost went out of tune.

“We plan to target the one European country that has the most ties to China.”

“It’s harder to find a European country that doesn’t have ties to China.”

“It is a country that has a very deep connection with Representative George.”

“Are you in England by any chance?”

“That’s right. After China, the UK is our next target.”

Representative George had experience fighting and winning against Britain.

Britain had a close relationship with China as it once ruled Hong Kong.

But the above two reasons had absolutely nothing to do with why I chose England as my next target.

“Do you have anything to do with the Conservative Party winning this general election?”

“That’s right. You remember the Conservative Prime Minister’s pledge, right?”

“······Brexit. Do you really think the UK will leave the European Union?”

Brexit.

It literally meant Britain leaving the European Union.

In the British general election held early this year, the Conservative Party won a landslide victory on the promise of Brexit.

“Until a few months before the British general election, everyone thought that even if the Conservatives won, they would not be able to secure a majority of seats. However, the Conservatives won more than a majority of seats and were able to fill the cabinet on their own.”

“Even though the Conservative Party won the general election, they cannot do Brexit at will.”

“Of course. But since Brexit is a pledge, we will have no choice but to hold a referendum.”

In order to implement large-scale policies such as Brexit, the consent of more than half of the population was required.

Moreover, the United Kingdom was not simply made up of one country, but a union of several countries such as Wales, Scotland, and Northern Ireland.

So even if the Conservative Party says they are pushing for Brexit.

Everyone thought that the possibility of passing the referendum was very low, and even Vice President Han expressed the same opinion.

“Even the British Conservative Party doesn’t think Brexit will pass. It just seems to be an agenda to rally support.”

“The problem is that we have mobilized too many supporters. Brexit will be passed with more than a majority of votes, and the UK will leave the European Union.”

“If the UK truly leaves the European Union, a huge repercussion is expected. Now I understand why the Chairman chose the UK as his next target after China.”

Brexit becomes an opportunity to shake up Europe again.

Since this is a complex matter that will shake up not only the UK but the entire European Union, it would be of great benefit to do the work in advance now.

“There is no need to prepare everything right now. For now, just approach it with the feeling of waiting. And you can start moving in earnest after liquidating Chinese short selling in January of next year.”

“When can we announce our British strategy to the Financial Tower?”

“First of all, we have to start the work first, so we can make the announcement around February or March. It would be better for CEO George to make it public a little earlier.”

“We will set up a strategy based on the time table the Chairman mentioned!”

There was plenty to eat.

Although it is said that a large amount of profit has already been made through short selling in China.

In order for Taewo Group to become the center of the world, the more military funds it had, the better.