Extraordinary Genius Chapter 706

Out of Feng Yu’s expectations, Zhang Ruiqiang seriouslyreplied: “It is the opposite. I trust you. If you say this is worth 200million, then it is worth 200 million! I am only curious why is it worth 200million RMB.”

Feng Yu was stunned. His hand, which was reaching out forthe tea leaves stopped in midair: “You believe what I said?”

“Why not? You have never lied to me about these things.Unless you are trying to con me this time.” Zhang Ruiqiang laughed.

d.a.m.n! Old Zhang is still dependable during times like this.Look at him. This is why he can be the Mayor of Bing City. He was smarter thanthose people from the State-owned a.s.sets Supervision and AdministrationCommission of the State Council (SASAC)! Why would I try to cheat 200 millionRMB from them?

“I am not lying to you.” Feng Yu replied honestly.

“Ok, then it’s fine.” Zhang Ruiqiang lit a cigarette andtook a puff.

“What do you mean by it’s fine?” Feng Yu was confused.

“I will help you settle this. It is not a problem for thisformula to be valued at 200 million. But the share proportion must remain thesame.” Zhang Ruiqiang said.

“The City government is willing to increase the investmentby more than 200 million?” Feng Yu was curious.

The Bing City Government could afford to increase itsinvestment by 200 million. But this will not be in the City’s budget plan. TheCity’s budget had been planned long ago.

How will the City cover up this 200 million RMB deficit?Which City’s development project will be postponed?

“The City cannot come up with 200 million. This is why Ihope you will give in a little. Give the medicine formula to Bing CityPharmaceutical Enterprise first, and then start the production and sales ofthis medicine. The City will use our share of profits from the following twoyears to re-invest into the company, or you can take out 200 million RMB,including interest from our profits. This way, it can be considered that yousold this medicine to the company.” Zhang Ruiqiang told Feng Yu his proposedsolution.

This was the most straightforward solution Zhang Ruiqiangcould come up with, and it was based on his trust in Feng Yu. If it wasn’t forFeng Yu, Bing City Pharmaceutical Enterprise will also not grow to its currentscale. It will still be like in the past, struggling to survive. How could thiscompany get such high profits and became one of the top pharmaceutical companyin China?

Feng Yu opened his mouth and then said: “But this medicineis still not developed successfully yet. Also, the clinical trial has notstarted yet. We cannot produce it.”

“What? This formula is not successful yet?” Zhang Ruiqiangwas stunned, and his face changed: “What are you trying to do? You want tovalue a yet to develop medicine formula for 200 million?!”

“It is not one formula. It is two formulas. Two formulas forinhibitors. We have confirmed the uses for these inhibitors, and I dare toguarantee that the medicine will be a success. But the medicine still needs toundergo clinical trials.”

Zhang Ruiqiang was deep in thoughts. If this was the truth,then he will have no reason to support Feng Yu. Everyone knows about thosenutritional medicine formulas. Those medicines were sent straight for test andgot the approval fast. The clinical trials for those medicines were very short.

But now, this medicine cannot be produced immediately forprofits, and they still need to continue to spend money to research and developthis medicine. This was completely different from the previous medicineformulas.

Secretary Liu, who was listening by the side, suddenlyasked: “Manager Feng, I heard that the formula you bought is medicine fortreating that type of ailment?”

Zhang Ruiqiang raised his head: “What type of ailment?”

Feng Yu looked at Zhang Ruiqiang. d.a.m.n. Old Zhang don’t evenknow what the medicine is for? No wonder he wanted to support me withouthesitations.

“It is for treating impotence in men. To be more specific, erectiledysfunction!” Feng Yu replied calmly.

Zhang Ruiqiang looked into Feng Yu’s eyes and then slowlylook down. He had a troubled looked on his face and seems to want to ask FengYu some questions.

Feng Yu was furious. Where the h.e.l.l are you looking at?!Your eyes tell me that you are suspecting that I have some issues and need todevelop this drug for myself?

G.o.dd.a.m.n! I am only in my early twenties. This is the periodwhere I am the strongest!

“I HAVE NO PROBLEMS!” Feng Yu replied firmly.

Zhang Ruiqiang looked away and replied slowly: “I did notsay you have any issues with your body. Why are you trying to explainyourself?”

Feng Yu glared at Zhang Ruiqiang, and Zhang Ruiqiang lookedaway.

Feng Yu took a few deep breaths to calm himself down. “Basedon overseas research, 1 out of every 10 males in the world have erectiledysfunction. Some of them are because of psychological issues, and some arephysical problems. This inhibitor is a core component in developing this drug,and it can treat this ailment effectively. The chances of this drug curing thiscondition are up to 80%. How big do you think this market is?”

Zhang Ruiqiang paused for a while and asked: “Will the menaffected admit they have this condition?”

Feng Yu immediately look at Zhang Ruiqiang suspiciously andlet him have a feel of being suspected of having this condition.

Zhang Ruiqiang’s face immediately changed. He looks like hewas able to transform into Incredible Hulk. No matter how calm he was, he couldnot stay calm with Feng Yu looking at him like this.

“This is because many people are shy to admit they have thiscondition, and they will try to seek treatment from unlicensed pract.i.tioners. Onmy way here, I have seen all sorts of advertis.e.m.e.nts posted on a lamppost,claiming they have their traditional miraculous wine or some pills that willhelp men. All those “medicines” are not proven, and we do not even know if itis harmful to the bodies of those who took it. This medicine is different.There are little side effects and will not harm the body. Also, it is aprescribed drug.”

In Feng Yu’s previous life, he had seen lots ofadvertis.e.m.e.nts about treating men’s problems. Most of these advertis.e.m.e.nts weredodgy, and the components in their products were weird. It was neither Chinesetraditional medicines or Western medicines. The claims in the ads wereexaggerated, and even if people were tricked by these companies, they were tooembarra.s.sed to look for them. This was because they do not want others to knowthat they were taking such medicines.

Pfizer’s Sildenafil was effective and was from a reputablepharmaceutical company. What impressed Feng Yu the most was that even CCTV newsreported on this drug. This shows how effective this drug was.

“But how will you market this drug? How are you going tosell it?” Zhang Ruiqiang asked.

“This will be a prescription drug. We only need to ask thehospitals that are close to Bing City Pharmaceutical Enterprise to help uspromote this medicine. This medicine can also let us enter the overseas market.It will be our flags.h.i.+p medicine in the international market!”

Zhang Ruiqiang was still hesitating. Use this medicine asflags.h.i.+p medicine for the company? Then Bing City Pharmaceutical will be knownas a company that specialized in such illness. It will not be suitable fortheir brand reputation.

“This medicine will bring at least a few hundred million USDof profits for our company in the future.”

Feng Yu remembered Pfizer’s annual profits exceeding over 1billion USD in his previous life. But that was because this medicine wasalready well known all over the world. The profits for the first few years werenot that high, and Pfizer had spent quite a lot to market it.

“A few hundred million USD of profits? Will the profits beso high?” Zhang Ruiqiang’s eyes turned into $$ signs.

“That’s the minimum!” Feng Yu confidently replied.

Zhang Ruiqiang took in a deep breath and said: “Fine. Leavethis to me. But we will only return you 200 million after our profits exceedthat amount. Also, the interest will only start after this medicine enters themarket!”

Feng Yu nodded: “Although I am taken advantage of by theCity Government, I do not mind. Deal!”

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