Chapter 219 Beat up the drowned dog!

The development of biological drugs costs a lot of money. Amgen is almost running out of funds, but the product is far away. If there were no previous successful examples of Genentech, investors would have withdrawn their capital long ago.

After venture capitalist Carl James came to Amgen, he looked at the company's founder and CEO Dr. George Ratterman with a shocked expression, "What?! Lee Pharmaceuticals invested US$70 million to acquire Amgen? George ·Dr. Ratman, you are not mistaken, are you?!!”

Dr. George Rutman nodded with great conviction and said: "It's absolutely true. Not long ago, Miss Dongfang Yuqin called me personally. After getting the news, I contacted you immediately!"

Genentech merged into Lee Pharmaceuticals. It can be said that Lee Pharmaceuticals today is a leading company in global biotechnology.

Carl James was overjoyed when he heard this. In early 1981, he and two other major investment companies raised a total of US$19 million as start-up capital, holding a total of 65% of the shares. Unexpectedly, more than a year later, Amgen, which had not developed any products, would have a market value of US$70 million.

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

"Of course others will contact you. When they arrive, we will discuss it together!"

"OK!"

…

The next day, in the conference room of Amgen Company, company executives and investors gathered here.

Dr. George Rutman repeated the story of Lee Pharmaceuticals' $70 million acquisition of Amgen, and then asked: "What do you think?"

Carl James was the first to say: "Lee Pharmaceuticals is the most advanced biopharmaceutical company in the world. It would be most suitable if Amgen could be merged into the company. In addition, US$70 million is really a lot!"

Carl James has actually regretted investing in Amgen for a long time. He did not expect that biotechnology research and development not only costs a lot of money, but also takes a long time. All the money is burned, but the product is far away, and he sees that the investment will be wasted. , I can’t wait for a successor to appear immediately.

Representatives from the other two venture capital firms nodded in agreement. In fact, they can no longer consume it. Who knows how long it will take Amgen to develop products. As a venture capital company, since they have made money now, they will sell it decisively.

Dr. George Rutman saw that they all agreed, so he could only agree.

So a week later, Lee Pharmaceuticals fully acquired Amgen.

At the same time, many biotech companies with potential for development around the world were offered acquisitions by Lee Pharmaceuticals, and were subsequently acquired one by one.

From mid-August to the end of September, in just over a month, Lee Pharmaceuticals acquired a total of 18 companies, large and small, for only US$650 million. In addition, Lee's Pharmaceutical Company is also poaching people with high salaries. Most of the top talents in biotechnology in the 1980s were recruited by Lee's Pharmaceutical Company to its own company.

At this time, everyone could not help but be shocked by the crazy behavior of Lee Pharmaceutical Company.

Someone ridiculed: "Chronos·Li couldn't be stimulated and went crazy, right? Johnson \u0026 Johnson failed to acquire it, so he went crazy to acquire these small companies to vent his dissatisfaction!"

On October 1, Li's Pharmaceutical Company held a press conference. Li Zetian attended the press conference and solemnly announced at the press conference: "Welcome to this press conference. There is only one point in the content: From today on, Lee Pharmaceutical Company will officially change 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 mankind and start from the most fundamental A place to solve human disease problems!

I believe that biopharmaceuticals are the future development trend! ! !

"

Bang bang bang! ! !

The press conference immediately burst into applause!

People don’t realize it! ! !

Biotechnology and genetic engineering are both unfamiliar and mysterious to people of this era. However, they know that genes are very powerful! Countless pharmaceutical companies are also paying attention to this conference. After Li Zetian's speech, these companies all fell into deep thought.

The next day, the "Wall Street Journal" reported: "Wall Street's professional evaluation agency originally assessed the market value of Lee Pharmaceuticals at US$20 billion. However, after Lee Pharmaceuticals changed its name to Gene Technology Company, it was highly sought after by investors. A famous Wall Street analyst Psychologist Joseph Ellis claimed that the market value of Gene Technology Company is at least US$25 billion!

From now on, it is not difficult to see that biotechnology concept stocks will become very popular in the United States! ! ! "

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

"Who are those idiots on Wall Street? A company changes its name and its market value increases by $5 billion?!"

"Yeah, these people are so rubbish!"

"..."

However, there are still many people who view the issue fairly.

"You can't say that. Genentech, the most powerful biopharmaceutical company in the world, is owned by Lee Pharmaceuticals. Later, it went crazy to acquire biopharmaceutical companies. All its biological talents and technologies were acquired by Lee Pharmaceuticals. The pharmaceutical field has unparalleled capabilities. The reason why Wall Street is so optimistic about genetic technology companies is not just a simple change of name!"

"Haha, there is no need to explain too much to these people, they are all brainless. Who is Chronos Li? If he were an ordinary person, how could he achieve such achievements today?!"

"..."

Gene Technology Company has unlimited glory and is unparalleled for a while!

At this time, Johnson \u0026 Johnson was in bad luck and ushered in the most serious crisis in its history!

On October 9, 1982, an unknown poisoner laced cyanide into bottles of Extra Strength Tylenol capsules manufactured by McNeil Consumer Products, a subsidiary of Johnson \u0026 Johnson. Resulting in 7 deaths.

As soon as the news came out, the entire United States was frightened by Tylenol. Johnson \u0026 Johnson was hit hard, and its market value plummeted wildly! Tylenol has been the best-selling painkiller in the United States, with a market share of 35%. One advertising authority in the United States even asserted that Johnson \u0026 Johnson would no longer be able to sell another product named after 'Tylenol'.

Johnson \u0026 Johnson CEO James Burke 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 \u0026 Johnson recalled all 31 million bottles of Tylenol capsules, the largest recall in retail history!

In fact, Tylenol is not the only drug that is affected. People no longer trust Johnson \u0026 Johnson, and naturally they dare not buy other Johnson \u0026 Johnson drugs!

Li Zetian was shocked by the news and was so happy that he couldn't help shouting "God help me"!

Immediately, Li Zetian called Dongfang Yuqin to him.

"Dongfang Yuqin, Johnson \u0026 Johnson is in catastrophe. We can't let go of the opportunity to beat the loser! We use our own publicity channels to expose Johnson \u0026 Johnson's drug problems, and even spend some money to ask the media to help Johnson \u0026 Johnson "publicize" it. !”

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

"Okay! Go quickly. Johnson \u0026 Johnson must be working hard on public relations right now. We can't let them recover so quickly!"

"Yes!" 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 but sneered: "Johnson \u0026 Johnson, let's see how you can escape from my grasp this time!!!"

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