Groton, Connecticut, USA.

In the new millennium, Pfizer held the unveiling ceremony for the world's largest drug research and development center here. This institution with the world's most advanced facilities employs more than 700 researchers and has the world's most advanced production facilities and testing technology. However, due to the huge impact of generic drugs, since last year, the world's largest pharmaceutical company Drug sales experienced negative growth, and net profit revenue fell by 57% year-on-year. Not only caused the stock price to drop, but also caused a shortage of cash flow.

Under such circumstances, President Steele can be said to put down all work to seek new financing channels, and the newly issued corporate bonds are just one of them. Of course, in the case of shrinking performance, the financing performance is not satisfactory.

When he learned that Huang Xuan had raised 1.2 billion US dollars, Steele's surprise was beyond words. He originally thought it would be a few months late, but after getting confirmation from Citigroup, he immediately notified the board of directors of the news. In the past quarter, the board of directors almost crushed his lungs because of funding issues.

Connecticut is the third smallest state in the United States, and most people have probably never heard its name. Apart from the thriving insurance industry and nuclear submarine manufacturing, there are not many famous places in this small state, and Yale University is an exception. The last three U.S. presidents all came out of this, which has given many people a daydream.

As for Groton City, it was just a little-known town. When Huang Xuan changed planes in New York, there was even only one flight.

Of course, Pfizer's drug research and development center is not inferior at all. After receiving Lorraine's confirmation, Huang Xuan felt relieved.

Look at the introduction about Pfizer in the energy screen. Huang Xuan said very excitedly: Lorraine, what do you think we sold a batch of drug formulas to Pfizer?

In your own plane, all time and space behaviors will cause the buffer zone to decrease.

So what, we just need to increase the energy of the buffer zone.

Lorraine replied later: Actually, our current plane travel has caused the energy of the buffer zone to decrease, although it is less than actually expected, but in comparison, except for assassinating Napoleon, in other planes The behavior can only be said to be in balance. If this state is maintained, it will be very troublesome to deliberately create a decrease in the space-time buffer zone and encounter problems such as travelers.

Huang Xuan thought about it. Said: Then as long as we can greatly increase the energy of the buffer zone, we can sell the formula?

There is no problem in theory. But it must be considered that in some cases, the application of technology in advance may cause a continuous reduction of buffer zone energy. On the other hand, any estimation of buffer zone energy consumption is limited.

Understood. How could Huang Xuan understand so much, and asked anxiously, How much energy would it take to sell a formula like a best-selling drug? Best-selling drugs usually refer to drugs with a sales volume of more than 1 billion US dollars. For example Viagra (Viagra).

More than 200,000 dentons. Lorraine quickly estimated: The initial loss should be 1,200 dentons, and then there will be a slow loss of 200,000 dentons, maybe more.

How much did we earn for killing Napoleon last time?

4000 cantons.

Hearing such a large difference in numbers, Huang Xuan was stunned for a while, and said, Why is there such a big difference? I'll just make a Viagra, and it can make the buffer zone react so much?

Drugs will change the state of life. The subsequent chain reaction is difficult to predict, and best-selling drugs are even more direct. They are usually specific drugs. They have definite curative effects and functions. After explaining this problem, Lorraine continued: In addition, We killed Napoleon, and we can only get part of the early loss of the other plane, but we cannot get the later loss of the p129 plane. On the contrary, the losses we caused on the original plane have to be borne together, one increase and one decrease, The gap increases.

Huang Xuanxian was very disappointed and said: So it can't be used?

Not really. Lorraine said truthfully: Technologies such as programs usually don't change much. Whether people use windows or linux systems will not affect the development of the plane. Similarly, improving industrial efficiency a few times Percentage points, the buffer zone energy consumed is not much.

Huang Xuan became happy now, and said, Then how much energy do you need to reduce the buffer zone if you give me a system that is more advanced than windows?

If you search and give it to you, it will only consume a few energy tons, but if you completely replace the window system, it will take about 50,000 energy tons. Lorraine is very serious.

Huang Xuan swallowed, but if he could exchange for 200 billion US dollars by killing Napoleon 10 times, it wouldn't be too bad a loss. At this time, he had reached the entrance, and he could see a tall sign with Huang Xuan. He still couldn't help asking, What are the technologies that consume less?

A lot. Lorraine's answer was short and powerful.

Huang Xuan swallowed again.

Before he had time to say anything, Bob, the representative of Pfizer, had already seen Huang Xuan and the five Israeli bodyguards around him. He pointed at the sign with one hand and shouted in blunt Chinese: Mr. Huang Xuan?

Huang Xuan walked over with a smile on his face. He looked like a high school student who came to travel. Who knew that this guy spent 80 million US dollars to come here.

Although the bonds are managed by Citigroup, the huge loan of 1.2 billion U.S. dollars still has no less interest - Huang Xuan has already spent all his cash on two consecutive trips, and after mortgaging some of the jewels, he can make up the full amount of the loan It is an annual loss of more than 3 interest, and the interest of Pfizer bonds is 6.8. In other words, the two-year bond will theoretically lose 80 million US dollars. The president of Steele, who has not yet met, is tantamount to quadrupling the asking price.

In such a situation, it can only be said that Zhou Yu beat Huang Gai-Yang Zhou Yu is also Zhou Yu. Huang Xuan was not dissatisfied, he bought a life for 80 million US dollars, so there was no dissatisfaction.

There were 3 people who came to pick up the plane. Only Bob could speak Chinese, but he could only speak it. Huang Xuan had no choice but to communicate with him in English, so he continued to practice speaking. One of the characteristics of learning from the base is that it is excellent in listening and speaking, but not in reading. As for the problem of writing, perhaps the comrades back then did not think about it at all.

Mr. Huang wants to develop the pharmaceutical industry in China? Bob asked half-guessing. This is how many large foreign companies make money. As long as you buy their products, they will teach you how to sell and produce them. For example, in the additive industry, many foreign companies spend a lot of money to research formulas, and you can use these formulas as long as you buy their additives. This method effectively increases the competitiveness of products. Similarly, concentrated research also reduces R\u0026D. cost and reduce the risk of downstream manufacturers.

Of course Huang Xuan didn't know the rules here, but his natural sensitivity made him unwilling to tell others about himself easily, so he smiled noncommittally and turned the topic to Pfizer. .

Bob had no choice but to introduce his company, which was what he meant. Huang Xuan didn't have time to pay attention to these things during this time, and his head was even more messed up. Someone spoke slowly, and it sounded a lot more comfortable.

Like most business groups, Pfizer's strength comes from several successful mergers. After merging Warner Lambert, Pfizer established its current drug research and development center. In the following years, the merger and integration of Pharmacia made it It sat on the throne of the world's number one pharmaceutical company, but troubles soon followed.

And the most troublesome thing is nothing more than the shortage of funds.

Pfizer has issued a total of 6 billion US dollars in short-term bonds, but Wall Street is not optimistic about this. In addition, due to the opposition of the board of directors, it cannot come up with better attractive measures, such as debt-to-equity swaps (debt that matures automatically or contingently conditional conversion into shares). The single interest rate return made Pfizer's bonds constantly undervalued in the bond market, and only children like Huang Xuan would be caught in the rope. Bob thought so.

Steele is also eager to see the little white wolf who is trapped, waiting in the center with a few directors, and most importantly, the money has not yet come.

As soon as the car drove into the welcome road, several people greeted it. Huang Xuan changed his previous formal attire and wore a set of Louis Vuitton casual attire - this was specially chosen by Zhang Xinyi for her son. She felt that at Huang Xuan's age when negotiating with others, casual attire was easier to reflect his personality than a suit characteristic. The big men in izo gave people a kind of pressure. Five guys with a height of nearly 2 meters stood upright, still very domineering.

Mr. Huang, it's a pleasure to meet you. Your generous help has rejuvenated Pfizer. Steele clenched his hands tightly. The palms were the same size as Huang Xuan. They were dry and mild, which would not cause any discomfort.

Pfizer is always full of vitality, I just increased its strength. Huang Xuan praised without hesitation, although he still doesn't understand why a company that can sell a drug of 12 billion dollars is still in financial trouble.

It seemed that Steele was very happy to be recognized for his achievements. He let go of his right hand and introduced the members of the board of directors who came to welcome Huang Xuan. His left hand still held Huang Xuan, like a kind elder. But Huang Xuan's age was never mentioned in words.

Huang Xuan frowned slightly. After getting acquainted with everyone, he pretended to be impatient and said, Mr. Steele, I want to see the laboratory here.

Of course. Although Steel knew Huang Xuan's request, he still pulled the person next to him and said, Let Dr. Jinge accompany you. He is very familiar with the center's equipment.

Ginger is a slightly chubby Belgian, the deputy director of the research center. Huang Xuan shook his head without hesitation and said, Mr. Steele, I think it's better to leave me alone. Dr. Ginger must be very busy.

Steele glanced at the serious Huang Xuan, nodded reluctantly and said, Ginger, listen to Mr. Huang and introduce our laboratory to him, just like I said before.

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