Chapter 340 The most profitable
Doing business is like writing novels. If you want to make money, make a lot of money, you must stay at the forefront of the times.

Of course, those that are promoted by the platform are not counted.

With the exception of the two major Eastern countries, China and India, the global pharmaceutical industry makes money by actively researching cutting-edge drugs, including Japan.

India relies on generic drugs, while China relies on traditional Chinese medicines. Because the investment in drug research and development is a long process, there are four phases of clinical trials. The first phase is on mice, the second phase is on monkeys, and the third phase starts with human trials.

Therefore, the funds invested in a drug from research and development to market launch are at least tens of millions, even in this era.

Ever since coenzyme Q10 was discovered in 57, its molecular formula determined in 58, and it won the Nobel Prize, pharmaceutical companies around the world have been studying how to invest in large-scale production. Japan's Nissin Pharmaceutical has gone all out, launching a large number of related extraction patents every year.

In the 60s, coenzyme Q10 was also more valuable than gold and was the only drug for treating heart disease besides traditional Chinese medicine and nitroglycerin.

As for traditional Chinese medicine, only acupuncture has been recognized by Western countries in this era. France and Germany have special acupuncture associations, but it is not a medicine after all.

As for why Japan has not yet launched Kampo medicine, it was after the craze for going abroad in the 80s that many Chinese went to the United States and the West, helping the West to improve its understanding of Chinese medicine: it can really cure diseases, has fewer side effects than Western medicine, and is not just various tree roots and mysterious witchcraft.

When they could really make money, the Japanese took the lead. Of course, I don’t know if there were any traitors among them.
Coenzyme Q10 is currently extracted from animal hearts, such as pig hearts, so our ancients were too comprehensive. You are what you eat.

Kwun Tong, also known as Guantang, was formerly a salt field, and later became a place for oil transportation, storage of oil drums and garbage.

However, since the rapid industrial development in Hong Kong in the 50s, the two areas of Tsuen Wan and Ngau Tau Kok have been saturated. In 54, land reclamation was carried out in Kwun Tong, that is, the southern part of Kwun Tong, and it was developed into an industrial area, while the northern part was used as a residential area.

Wang Deming may not remember much else, but he certainly remembered real estate very clearly, so he acquired 30 acres of land in Guantang in one go, 10 acres of which were used to build a factory in the south area, and 20 acres in the north area to build a comprehensive commercial building and high-end residences.

It’s just that the shopping mall is laying the foundation now, and the factory only has a few small buildings. The largest one is a cold storage where pig hearts are stored.

Outside a factory building about 20 meters in size, Wang Deming changed into a dust-free suit, put on a hat and mask, and followed his chief technician into the processing workshop.

The first part of the processing workshop is crushing and stirring, the second part is mixed extraction, the third part is concentration and filtration, the fourth part is adsorption and elution, and the last part is crystallization and drying.

This set of processing procedures matured in the 70s, but in the past it was still the mainstream processing method for many domestic manufacturers.

The only difference is that with the current processing flow, the extraction efficiency is 1 mg of coenzyme Q10 per kilogram, and in the future it can reach 5 mg.

That's why it's more valuable than gold. The production process must be developed slowly. If too much is produced at one time, it will become worthless.

Wearing goggles, Wang Deming roughly walked through the processing procedures, and finally stood outside the glass of the vacuum chamber and watched the coenzyme Q10 crystals gradually precipitate on the glass inside.

“How many orders have you received now?”

"The Mayo Clinic and Massachusetts General Hospital in the United States, and the Cambridge General Hospital in England have all sent us orders, and each one requires at least 100 kilograms!"

"Are you kidding? A family can only produce 10 kilograms at most! One ton of fresh pig heart can only produce 1 kilograms. Where do we get so much raw material? Where do we get so many production lines?"

"They said they could help us coordinate with American farmers to give us pig hearts for free. They could also give us a low-interest loan."

"For free? And with a low-interest loan?"

"But we have to pay for the shipping."

"That's possible. Let's go out and talk about it."

After leaving the dust-free workshop of this era, taking off the dust-free suit and breathing the fresh air outside, Wang Deming looked around. The sky was high and the clouds were light, which was really nice.

He pointed to the car outside and got in first, followed by Stephen Zhou who got in the passenger seat.

Stephen Zhou, whose full name is Zhou Jiahao, was shocked when Wang Deming first heard him call himself Stephen. Is this such a grand English name?

Later, I heard him introduce himself, and I learned that he had a much better family background. He was from mainland China and had a wealthy family. He studied chemistry at the University of Hong Kong 50 years ago, and got his doctorate in medicine. After graduation, he worked as a cardiologist at St. Mary's Hospital in Hong Kong. Mr. Huo helped introduce him to me.

By the way, there are very few job opportunities in Hong Kong these days, and jobs basically require introductions from friends or guarantees. Therefore, the capitalists in Hong Kong remind us of the word greed to the fullest.

That led to the event in 67.

The 1 cent increase in Star Ferry fares was just a trigger.

Another point is that in this era, busts of teachers and red slogans were hung in many places in Hong Kong.
Wang Deming didn’t know this before, and he only went to a few places when he arrived in Hong Kong Island. He only discovered it after he came to settle in Hong Kong this time.

A guiding light for working people all over the world!
The driver, Ali, drove them all the way to the Peninsula Hotel in Kowloon.

After Wang Deming got off the car, he told Stephen Zhou, "Stephen, call our lawyer and the financial accountant over here. Let's have lunch together here at noon, and have a cup of coffee and talk about the export of coenzyme Q10."

"Yes, Mr. Wang."

Doing business in Hong Kong is the same as doing business in the West. There are two things you must hire: a lawyer and an accountant.

It's not just the local laws of Hong Kong, more importantly, they understand Western laws, the maritime law system. We are a continental law system; finance is also very different.

The doorman was very attentive and opened the door. Without Wang Deming's instructions, the driver Ali threw out a 100-Hong Kong dollar note.

Wang Deming went straight to the second floor of the Peninsula Hotel, and Stephen went to the front desk to make a phone call.

"Mr. Wang, what a coincidence?"

Wang Deming laughed. "I say, Hong Kong is so small? How come I can run into you everywhere?"

It’s director Li Heizi again.

"Hong Kong is small, after all." Li Hanxiang laughed: "If it were in the capital, or just in the inner city, it would be about the same."

"That's true."

"Come here, Mr. Wang, let me introduce you. This is Mr. Shaw from Shaw Company. This is Wang Yuanlong. Mr. Wang, you met these two beautiful ladies last time, Xiao Lin Dai and Xiao Mi Jie. This beautiful lady is called Lotte, and she is from Pudong, Shanghai."

"Mr. Yifu, this is my friend and fellow countryman, Mr. Wang."

Hey, now we're friends?
"Nice to meet you."

"Nice to meet you!" Mr. Yifu is already a skinny old man with silver hair and a pair of gold-rimmed glasses. He is energetic and speaks in Ningbo dialect.

The two smiled and shook hands. "Mr. Yifu, judging from your accent, you are from Ningbo. You and Mr. Bao are from the same hometown."

When Mr. Yifu heard Wang Deming mention Mr. Bao, his smile suddenly became more sincere: "I am from Zhenhai, Ningbo. So is he. Are you familiar with Mr. Bao?"

"Well, if we have time, we often drink tea together, along with Mr. Cao and the others."

"Haha, don't forget to call me next time. We are from the same hometown, so we should get together more often."

"Okay, then you guys continue chatting and we'll make an appointment another day."

Li Heizi suddenly interrupted: "Mr. Wang, my wife Cuiying has been waiting for you for a long time, haha!"

(End of this chapter)