Being Reborn And Starting Off By Not Being A Simp-Chapter 686: Poor Liu Qing (2)

He didn’t know if they had really thought it through or if they had no choice but to. In short, they all expressed their support for this project.

The commendation ceremony was to begin at eight o’clock. Liu Qing and the others who were receiving the commendation had arrived at the recording hall early.

This time, Liu Qing sat next to Academician Zhu.

Academician Zhu told Liu Qing that Xing Guo Pharmaceutical Group also welcomed the addition of Tian Yuan Group as a partner. Chairman He had already sent a capable team to Guangzhou to discuss this cooperation with Tian Yuan Group.

Because vaccine research and development needed to compete with foreign counterparts, clinical trials needed to be completed as soon as possible. Therefore, he hoped that this cooperation negotiation would go smoothly. It would be best if it was completed within a week and the funds were in place.

The clinical trial project abroad had already started, and it required a lot of money. Without money, there was no way to get it done.

Several countries that were conducting clinical trials did not have the ability to develop the vaccine themselves. They chose to cooperate with domestic pharmaceutical companies mainly to obtain priority purchase rights or production rights after the vaccine was produced.

They were happy to provide more funds to join such projects and obtain more rights.

In terms of funding, the vaccine project was definitely not short of money.

However, the country naturally hoped that its own companies could have more say, so it decided to introduce more domestic funds.

If he wanted to conduct such an experiment on someone else’s territory and make the other party provide convenience for the experiment, he had to give up the rights that should be given up.

Giving up a part of the rights would help the sales of the vaccine produced by the company in the country, and it would be easier to gain their recognition.

In terms of benefits, the advantages of going up against the wind outweighed the disadvantages.

He just didn’t want to give up too much power.

Academician Zhu and Liu Qing talked about the funds needed for clinical trials. The first phase was not a big deal, but the number of people and funds needed for the second and third phases were astronomical.

It made Liu Qing feel like he was poor.

It had been a year since he felt like this.

Academician Zhu sighed with emotion." Actually, our country has accumulated a certain amount of research and development. It’s not that we don’t have the ability to develop original drugs. However, if they could do research and development but could not afford to do clinical trials that met international standards, they would not be able to go public. That meant that there was no market, and no capital would dare to invest in this area."

He was not a businessman, but a pure scientist.

However, scientific research also required funds, and it required a lot of funds.

Especially in the field of pharmaceutics.

It was often hundreds of millions or even billions of dollars invested in research and development.

If the research and development was successful, it would be quite easy to recover the cost.

However, research and development might not necessarily succeed.

Some new drugs had invested astronomical amounts of money into phase II and phase III clinical trials. Later on, problems were discovered and they could not be listed.

There were many such examples.

Some of them had passed clinical trials and went on sale. In the end, problems were discovered during use. In the end, they could only stop production and even had to pay a large amount of compensation.

The cost of trial and error was too high.

Generally, even the so-called billionaires would not dare to jump into this pit.

Even if he had hundreds of billions of assets, even if it was calculated in US dollars, jumping into this pit would easily make him lose all his assets.

Academician Zhu was very emotional about this phenomenon.

Many high-end people in this industry could not find opportunities in China and could only go abroad.

The brain drain was also quite serious.

Academician Zhu had mentioned this problem to Liu Qing yesterday, and he brought it up again today because he was distressed by the loss of high-end talents.

The old scientist didn’t pursue profits, but in order to let the country have the research and development ability of the original drug, in recent years, the most he talked about with people was the issue of money.

Without the support of capital, it was too difficult to have such a breakthrough.

He also talked to Liu Qing about the history of artesunate and glucose. He talked about how much effort and manpower had been used to produce these two Noble-level results.

With such a scale, it was simply impossible to launch it now. 𝙛𝒓𝒆𝙚𝒘𝒆𝓫𝙣𝓸𝙫𝓮𝒍.𝒄𝒐𝓶

Moreover, there was a bit of luck involved in achieving such results.

He sighed to Liu Qing." Among the private enterprises in our country, there are companies like Chrysanthemum Factory and Dajiang that have mastered the core technology. However, in the field of pharmaceutics, there is no such company. It is really a pity."

"That’s true," Liu Qing agreed.

He understood why Academician Zhu wanted to talk to him about these things. He was a rich man, and the Tian Yuan Corporation was also a well-funded investment company.

However, he really did not dare to jump into such a trap.

He had to invest tens of billions in a pharmaceutical project, and the final result was that the research failed. He had no way to explain it to the board of directors.

If it was not done well, it might even cause the entire group’s capital chain to collapse and cause the group to go bankrupt.

The advantage of his rebirth was not great. The only thing he was confident about was the Xingguo vaccine project. He knew that it would be successful, so he was willing to invest any amount.

As for other things, he did not have the ability to judge.

He could only say some superficial words, research, think about it, and invest when there was a suitable opportunity.

However, he definitely didn’t dare to make an exact promise.

They would rather invest in the medical equipment industry than invest in the original pharmaceutical research industry.