Back to Ming Dynasty with Industrial Revolution System

Chapter 1438 Expanded Vaccine Business
"The average price of 7 vaccines last time was less than 5 pounds, only 2 pounds 10 pence. In this case, we have to increase the final price of the vaccine. It is really not suitable for opening up the British vaccine market. I think it should be temporarily lowered." The price, let at least [-] British people use this vaccine first, and then slowly increase the price. Especially to let businessmen in other countries in the European continent know that this miracle drug exists. If the price is set too high at the beginning High, it may hinder the development of the vaccine market." Sir Henry said.

"What you said is not unreasonable, but the smallpox vaccine is only provided by us in the world. This miraculous drug can prevent people from being harmed by the smallpox virus forever. It is absolutely no problem to sell it at a price of 7 pounds. I believe that if the product It is valuable in itself, so it is not afraid that no one will care about it." Huang Xiushan said.

"That's a bad statement. No matter how good a product is, it needs to be carefully managed. First sell it at a low price, and then slowly increase the price. If the price is too high, some ordinary people can't afford it at all." Sir Henry said.

Sir Henry, Huang Xiushan and others had a fierce dispute over the price of the smallpox vaccine this time. The lower the cost, the higher the profit margin. For example, if the cost is 4 pounds and sold for 10 pounds, the profit is 150%, while the cost is 5 pounds. Selling for £10 makes only a 100% profit.

Although Sir Henry advocated opening the market with a low-price strategy first, Chinese businessmen such as Huang Xiushan believed that even if they were sold to Sir Henry at a price of 4 pounds, he would not lower the final price when selling.So after a fierce dispute, this time 6 copies of the smallpox vaccine were sold to Sir Henry at a price of 3 pounds and [-] pence.

Sir Henry ended up paying Western companies £125000 for 125000 doses of the smallpox vaccine.For a while, Sir Henry couldn't come up with 125000 pounds worth of gold and silver, so he could only sign a contract with a Western company and pay for the goods in installments.The £[-] is only the payment for goods, and does not include the cost of the Western company's dedicated physicians helping to inject the smallpox vaccine. Sir Henry will be required to pay for the physicians' expenses at that time.

"If there is no vaccine business that can make up for the loss of our Levant Company, our Levant Company may go bankrupt due to the anger of the Ottoman Emperor. I really don't know whether to thank you or blame you." Sir Henry won The profit of this large order is not lower than that of exporting woolen fabrics to the Ottoman Empire, rather it is higher.

"I think we can have extensive cooperation besides the smallpox vaccine. We also have many medicines, such as cinchona cream for malaria, which is a special medicine." Huang Xiushan said.

"You mean a special medicine that can treat malaria?!" Sir Henry was surprised.

"Yes, our drug has the effect of treating malaria that is rampant in tropical and subtropical areas. Now our garrisons in Spice Islands, East India, Annan and other places are widely using this drug, although its effect is weak and bad. There are also many reactions, and it may not be able to be completely cured, but overall the casualties caused by malaria have been effectively reduced. It is better to have medicine than to wait for death trial without medicine, right?" Huang Xiushan said.

"Many of our crew members who are in the West Indies or going to Africa may need this specific drug, but the demand is not large...I can temporarily buy 10 copies of the specific drug at a price of 100 pounds." Sir Henry knew that there was People suffering from malaria are willing to ask for medicine if they have to go bankrupt, and it is not bad to buy it for 10 pounds, even if it is all rotten in their hands.

"No problem." Huang Xiushan said.

Let Henry help open up the drug market, and Western companies don't have to spend their minds on finding ways to develop the market themselves. The £1000 deal was a tiny fraction of the £125000 price tag for the smallpox vaccine.

After all, every Briton may suffer from smallpox in his lifetime, but the risk of malaria at their latitude is not high. People who are prone to malaria are often merchants and sailors who travel to tropical and subtropical regions.

"After a while, we will send people here to pick up some of the goods. To be honest, 20000 copies of the smallpox vaccine will be dumped. There are very few people in Britain who are willing to receive this drug and can afford the price. It may not be possible to completely Consuming 20000 copies, I still need to contact merchants in continental Europe to lower the sales price. If everyone wants to be vaccinated with this vaccine, its final price should be reduced to £2, which means that I will buy from you The cost cannot be higher than 1 pound and 2 pence. I just don’t know what your real cost is, and whether you can vaccinate the entire British people at this price. In that case, we can get a profit of more than 300 million pounds.” Henry. Sir said.

"We also don't know the actual cost of the smallpox vaccine. We get the product from the medical department that specializes in drug research, and they set the specific price. Of course, I can't tell you what our price is, it's a commercial secret " Huang Xiushan said.

"Understood, I understand. It's just that your East is too wonderful. There are also specialized medical organizations that produce drugs for the company. I thought you hired these people to develop these drugs. Presumably those antimalarial drugs are also called the hospital department. Researched by the organization?" Sir Henry said with emotion.

"Exactly. We are not qualified to hire them to be honest. They have iron rice bowls. I don't know how many soldiers in the Spice Islands were saved because of their antimalarial drugs, and many more people got free use from the government. Qualification for smallpox vaccine, citizens in big cities are the first to be vaccinated against smallpox, because once smallpox breaks out in cities, more people will be affected than scattered rural areas, and the infection will be faster." Huang Xiushan said an important news.

Sir Henry sensed the message in that statement.He knows that there are hundreds of millions of people in China, and there are many permanent residents in big cities. The government can help citizens get vaccinated for free... It shows that the actual cost of this vaccine is not high!

Just imagine that the current purchase price of vaccines in the City of London is 6 pounds and 3 pence. Assuming that 40 citizens are to be vaccinated, the royal family should pay 250 million pounds and go bankrupt.

Although the opponent's government seems to be richer, Henry believes that it is impossible to spend more than 250 million pounds to help citizens vaccinate free of charge, so the production cost of the smallpox vaccine should be very low.

"Director, businessmen from France and the Netherlands have come to visit our iron foundry." An assistant reminded Huang Xiushan.

(End of this chapter)