God-level Trader of Rebirth

Chapter 480 Be cautious about medicine

Infinite Company naturally protested strongly.

They said: FDA's request is deliberately difficult, and the company has provided sufficient detailed information.

As for the inability to identify certain ingredients in genetic potions, it is not because there is a problem with the drug itself, but because the equipment of the institutions involved in the identification is relatively backward.

After all, gene editing technology is in its emerging stage.

For most biomedical institutions, qualified testing methods are not yet available.

However, there is a saying in China that "don't watch the advertisements to see the efficacy."

Clinical trials have proven that their genetic potions are safe and reliable. If the American people still have concerns, they will seek insurance companies in the United States to guarantee the effectiveness of the genetic potions.

In addition, they also said that the four most common diseases in humans are cardiovascular diseases, cancer, diabetes, and respiratory diseases.

Two of them are related to obesity.

An average of 106 people die every minute globally. The diseases with the largest number of deaths are mainly cardiovascular diseases and cerebrovascular diseases, both of which are closely related to obesity.

If the incidence of these two diseases can be reduced, a large amount of medical expenditure will be saved and used for economic development.

I hope the FDA will not violate the principle of market freedom and ignore the safety of people's lives due to certain ZZ factors.

Although the FDA was a little annoyed by Infinite Company's response, which was full of human rights and freedoms and almost moral kidnapping, it patiently replied that it needed to be reviewed again.

Anyone with a discerning eye can more or less guess the secret behind this.

Therefore, we have not yet waited for the final reply from the FDA.

All kinds of wars of words and shouting from a distance have already begun on the Internet.

A large-scale hacker war even broke out, causing the portals of many companies to be tampered with and unable to be opened normally.

Infinite Company's servers alone were attacked millions of times by overseas IP addresses in just a few days.

Obviously, there was someone behind this who organized this operation.

It is unclear whether they simply want to cause damage and vent their emotions, or whether they want to fish in troubled waters and steal some important information.

These are just minor episodes that the general public doesn’t pay much attention to.

But the trend of the stock market is related to the vital interests of the vast majority of people, and this is the most debatable.

As early as the news broke out and the Nasdaq index plunged, more than 40 A-share pharmaceutical stocks had unusual movements.

A large amount of buying orders were placed to sweep up the goods, and the price rose sharply during the session, and with the huge amount of buying orders, the daily limit was firmly sealed.

This series of crazy moves directly detonated market sentiment.

As a result, the Shanghai Composite Index, which had been fluctuating sideways for three months near 5000 points, chose to break through upward, pulling out a real positive line with an increase of 6.8%!

As of the close, about a thousand stocks hit their daily limit!

Based on the Dragon and Tiger ranking data released after the market closed, investors quickly discovered that the “institution-only” seats were the main force behind this increase.

This shows that Huijin, Securities Finance, QFII (foreign capital), and social security funds are likely to have entered the market.

Some financial experts also analyzed that the large-scale increase of positions by the national team and foreign investors at this point means that they are strongly optimistic about China's economic growth. It is a high probability event that the market will break through the high of 6124.

Li Jiange, chairman of CICC, also said in an interview with a reporter from the Securities Times: "The stock market is currently in a rising cycle, and they are strongly optimistic about the next development trend of the domestic economy."

"Technological innovation is a key driving force for high-quality economic development. It is recommended that investors pay attention to technology companies with innovative capabilities and market potential."

His speech was another huge boost to market confidence.

The performance of the capital market has made all investors restless.

A large amount of funds entered the market, causing the market to go out of the trend of five consecutive positives and seven consecutive positives in the following days.

The money-making effect is highlighted.

Only Chen Weidong was a little troubled.

After years of accumulation, Infinite Company has gained a pretty good reputation in Europe and the United States, and its various products also have the support of many loyal users.

Things look good.

But this does not mean that people will blindly follow any product they launch.

Not to mention this drug that is used on the human body itself.

No matter how powerful its effect is, without long-term clinical trials and sufficient sample analysis, people will be afraid and dare not use it rashly.

Anyone who does this is killing someone!

After all, in the past, medical accidents in the United States were endless.

In order to make money, pharmaceutical companies exaggerate and conceal the side effects of drugs.

For example, the incidents involving sulfonamides, thalidomide, and diethylstilbestrol are all very famous cases.

It is reasonable for the FDA to be so cautious about gene potions.

But he also firmly believes that as long as the product is good enough, it will be a matter of time before it takes over the market.

But now that the listing is blocked, he feels like he has no way to start.

He was anxiously walking around in the office. Li Xi'er didn't dare to disturb him and looked at the documents silently.

Chen Weidong was overwhelmed with thoughts. He is not a god. In the past, he only used to build momentum to quietly tilt the trend towards him.

There was nothing he could do in the face of federal interference.

The other party claims that it is a free market, but in fact the trade protection and barriers are very high. Anyone who poses a threat to their related industries will be curbed.

Therefore, we rarely see technology companies from third world countries succeed in the American market.

Those that can enter their market smoothly without any hindrance are low-end manufacturing products with lower profits.

He rubbed his temples and sat down on the sofa.

"Don't be too hard on yourself, you've done enough."

"At the beginning, I never expected that our company could achieve such success. Now many of our businesses are on track. The biological laboratory can develop genetic medicines, which is a miracle in itself!"

Li Xi'er put down her pen and comforted her softly.

Chen Weidong held the corners of his lips and smiled at her.

Of course he wouldn't be troubled if he was just content with what he had right now.

But gene potions are their key product to enter the pharmaceutical industry.

Not to mention the astonishing benefits behind this, it is also their attempt to test the pharmaceutical industry and medical reform.

This is something that must be done sooner or later.

He casually picked up a document that Li Xi'er had reviewed and read it to distract himself.

Thinking too focused made his brain feel a dull pain.

"Awei, the Rockefeller Foundation has responded to us!"

At this moment, Lin Zeju opened the office door with a document.

"They said that as long as we build a factory in the United States, the federal government will approve us and support the launch of our genetic medicine!"

After hearing this, Chen Weidong's face did not change much, because he knew that the other party's request was definitely not that simple.

Sure enough, Lin Zeju sighed again, "They also asked to send someone to supervise our production process throughout the process, saying it was based on drug safety considerations."

This condition is simply harsh, which means that once they accept it, they will have no business secrets at all.

"This is impossible!"

Chen Weidong sneered: "Leave aside the risk of technology leakage, I won't agree to just building a factory in the United States!"

The country is now in a critical period of upgrading its manufacturing industry. If everyone builds advanced technology industries abroad, who will develop our own national industries?

On this point alone, it was impossible for him to give in.

If Infinite is a company that only pursues profits and only cares about money, then with their existing technology, most of the products related to manufacturing can be replaced by robots or automated assembly lines.

Even if nine out of ten employees are laid off, it will not have any impact on the company's operations.

Then, they only need to do charity from time to time and throw some money out to win praise from countless people.

But he did not do this. Instead, he divided the manufacturing sector into as many jobs as possible to increase employment opportunities and absorb the labor force in society.

Because the population plays a dual role in economic activities, both as a producer and as a consumer.

Rather than saying that they are providing more jobs for society, it is better to say that they are cultivating their own consumers.

The consumer industry and the manufacturing industry are interdependent and mutually reinforcing. Only by maintaining a balance between consumption and production can sustainable and healthy economic development be achieved.

Precisely because we are a country with a large population, manufacturing is indispensable in the process of economic development, but at the same time, we cannot only have manufacturing.

That will face the problem of industrial hollowing out.

If our economy relies mainly on low-end manufacturing, the industrial structure will appear to be too single.

This will increase the risks to the economic system, because once this major industry faces difficulties, the entire economy may be affected.

So for now, whether it is low-end manufacturing or high-tech industries, we must firmly grasp them.

In the past, Lin Zeju was influenced by his father. In many cases, when considering things, he always gave priority to thinking from the perspective of business interests, and often ignored those more important overall factors.

He doesn't mind where he builds the factory as long as he can make money.

Capitalism, purely businessman behavior, has nothing to say.

But that's all, it's hard to get more respect from people.

However, many years of close cooperation, coupled with Chen Weidong's subtle influence, and their ongoing utopian plan.

Even Lin Zeju himself did not realize that he had gradually become a nationalist.

As long as your own country is rich and powerful, can allow its citizens to live a free and prosperous life, and stand proudly on top of the world, it does not care about the life and death of other countries.

Now, in most cases, he will put overall economic interests first.

Even if there are some things that have different views from the above, there is no conflict.


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