753 Experience
Ye Xuan took the documents and looked at them. Looking at the densely packed accounts on it gave him a headache. He didn’t know how these people could continue looking at it day by day.

Then, he looked at it twice and put it down. Then, he focused on the financial books of the 12 projects.

Then, he asked Sun Peng without looking up.

“Tell me in detail what drugs these 12 projects involve.”

“Alright. We held a meeting to categorize these 12 drugs. Each category has three drugs, so there are a total of four categories of drugs. The first category includes gastrointestinal drugs. Although there are many types of this medicine, we can still compete. The second category includes heart drugs. This medicine is more difficult to conduct clinical experiments on and the investment is relatively large. There were a few accidents during the testing of the drugs, causing some testers to fall ill. We had to compensate them a certain amount. However, the research and development has complied with the requirements. At the moment, there are no problems with the testing of the drugs. The third and fourth categories include medicines. Working with the hospital, it is easier for these two categories of drugs to pass the inspection. Moreover, there are no problems so far. The investment is also relatively small. However, the returns will be considerable. We estimate that it will be ready within five years.”

Sun Peng explained the 12 drugs in detail. Ye Xuan listened attentively and nodded.

“Five years is alright. Let’s talk about the future development direction and strategic deployment of the corporation.”

Since he was going to take over the corporation, he naturally had to understand the future direction of the corporation. Although it was a pharmaceutical company, he still had to pay attention to this in many aspects.

If things went wrong, they might go bankrupt and lose everything. Although they seemed to be the medicine selling at a high price and made a lot of money, not only was the cost of research and development high in the early stages, but it would also be very difficult to recover the capital later on. If the medicine did not work, they would lose so much money that they would cry.

For example, they had invested a billion yuan to develop a medicine to treat rhinitis. In the end, some decisions had been made wrongly, or they had not done it well, causing the medicine to only be useful to a small number of people after it entered the market. At that time, no one would buy it. The news spread like wildfire. Everyone knew this brand and slowly stopped buying it. With the investment of a billion yuan, they would lose so much that they would cry, let alone reimburse the capital.

Moreover, when these medicines were developed, they had to undergo clinical experiments. First, they had to test it on animals. After passing the test, they would look for living people to experiment on.

This didn’t refer to capturing people to administer medicine. It was about determining a quota to test the medicine and allowing people to participate voluntarily.

There was such a profession among the commoners. They were drug testers who specialized in participating in the drug testing projects by the various pharmaceutical corporations and hospitals. As long as their physical fitness reached the standard, they could obtain a few thousand yuan of nutrition fees every time they tried medicine. The fees would increase with the danger of the medicine.

When the pay was low, they would receive 1,000 yuan. When the pay was high, it could even exceed 10,000 yuan. Just by trying the medicine once, one could obtain a high return. Many people would choose to take the risk. What if there were problems later on? Although a waiver agreement would be signed before testing the medicine, if there was really a problem, they still had to give some compensation.

In that case, the cost was high again. After all, it was impossible to only find dozens or hundreds of people to test the medicine. They had to find many people to get an average value.

As long as the number of diseases and even deaths due to the medicine reached a certain number, this medicine would be canceled. It was equivalent to directly banning it and had to be developed again.

Therefore, it was very risky to make medicine.

“Okay.”

Sun Peng nodded and sorted out the thoughts in his mind. He quickly spoke.

“The corporation is mainly developing healthcare medicines now. Although the profits are relatively little, at only a few percentage points, the losses are much better. In the future, our development direction will also be to temporarily develop healthcare medicines. The main route is to use healthcare medicines. Then, the secondary route is to develop the 12 types of medicine we talked about previously. This is just a temporary choice. You still have to make decisions about the future deployment. With the current market, it’s very promising to go in the strategic direction of supplementary medicines. It’s more convenient to work with the hospitals. What’s more, the medicines produced can be directly sent to the hospital. However, this is only a temporary consideration. The specific decisions in the future still depend on Chairman Ye.”

Ye Xuan nodded when he heard this. He thought for a moment and replied.

“My suggestion is not to produce supplementary medicines. Instead, we’ll use the main force. While we develop the main medicines of the corporation with great force, we will develop some new medicines at the same time. We have to show the dominating power of our brand. This is definitely not something that can be successfully done by relying on supplementary medicines and hospital connections. I can tell from your words that the main problem of the corporation now is that we don’t have a precise strategic direction. Our development is stagnant and we can only barely survive by making healthcare medicines, right? In my opinion, the strategy is to use the main force. We just need to develop the main medicines vigorously and slowly develop new powerful medicines. We can spend more effort on traditional Chinese medicine and develop more. There’s no need to spend too much effort on Western medicine. We can use Western medicine to earn money to nurture traditional Chinese medicine and support its development. That strategy will naturally be successful.”

He had never thought of this before. Even when meetings were held, no one had thought of this. No matter what, he could not forget their roots. If he forgot their roots, how could he develop?

“As expected of Chairman Ye. You’ve simply hit the nail on the head. Today, I was reminded by Chairman Ye that the corporation hasn’t paid much attention to the corporation’s main medicine all these years. We’ve always been developing new medicines. Furthermore, we attempted to deploy our strategies and focus on new blood. They’ve forgotten their roots. Now that Chairman Ye has said this, I understand. As long as we take care of our roots and develop medicine, this is indeed a very perfect operation. As expected of Chairman Ye!”

Sun Pengren was dumbfounded. Initially, when he found out about Ye Xuan’s identity, he thought that Ye Xuan had inherited it and that his family was some impressive family. However, from the looks of it, Ye Xuan was really a capable person. Everything he said made sense and was on point.

He simply had a discerning eye. He could tell at a glance that there was a problem that sun Peng had not seen through for so many years. Could it be that an onlooker could see things clearly?

However, then again, how did a child who looked to be only seven or eight years old know so much?
Not only was he the chairman of the Dinglong Corporation, but he was also the co-owner of many companies. Not only that, but he also had such a profound understanding and foresight. It was already troublesome enough to run the Dinglong Corporation. Not only could he manage it so well, but he could also take the time to take over so many other companies.