Chapter 71
Just one bite!
Biolife’s 1st clinical pass.
It was good news to the world that a vaccine to overcome corona was coming out.
“Biolife?”
“But a Korean company?”
A scoop article from the Wall Street Journal spread around the world.
Broadcasting stations and newspapers in Korea couldn’t help but be embarrassed.
“Are you sure the article came out of the Wall Street Journal?”
“The US Department of Health and Human Services did not deny it.”
“How does a Korean pharmaceutical company make a corona vaccine?”
It was said that it would take at least eight years to develop a vaccine.
Even if the period has been shortened due to technological development, how can a Korean company do it so quickly?
“It’s a company Kim Shin invested in.”
“Kim Shin?”
Media outlets make a living through advertising.
In the era of YouTube, broadcasting stations were frantic about attracting advertisements to avoid deficits.
In particular, newspaper companies print out even the number of copies that are not sold to maintain the unit price of advertising, and dispose of waste paper in kg in Southeast Asia.
When Kim Shin’s article appeared, the number of copies sold increased by more than 10%.
“A company invested by the richest person in Korea?”
“This is something that should be on the front page. Report quickly!”
“Come on, run!”
From dawn, reporters ran to the biolife company in Gwangmyeong.
* * *
Future cars have been in an emergency management system since the corona broke out.
Automakers make a profit when their plant utilization rate exceeds 80%.
The car was holding a management meeting from early in the morning to establish emergency plans in case of emergency.
“Chairman, this is the news from the US media that BioLife is likely to develop a COVID-19 vaccine and pass the first clinical trial.”
“okay?”
Jin Myeong-il, who received the report from the headquarters, thought it was good news.
As medical technology develops, if a vaccine comes out quickly, it will help business management.
“By the way, what kind of company is Bio Life? I’ve heard that the Lee Seong Group and DK invest in bio.”
Future Car Group.
They deal in various fields from construction to finance, shipping, and steel, but most of them run automobile-related companies, so they didn’t know much about other fields.
The chief of staff carefully answered Jin Myung-il’s question.
“It is not an affiliate of another conglomerate, but an independent research company.”
“okay? If you really create a corona vaccine, it will be a huge jackpot. Even if only the first clinical trial passes, the company’s stock price will skyrocket dozens of times.”
The stock market is sensitive to rumors.
The smaller the company, the higher the share price rise when it hits the jackpot.
“Biolife is a company owned by Shin Kim.”
“okay?”
In many ways, the chief of staff had no choice but to be cautious.
Jin Myeong-il is the 4th richest man in Korea.
The power of a corporate chairman cannot be evaluated simply by the value of money, but he can still envy the richest man in Korea.
The chief of staff still had to report.
“And now we are building a dormitory building for Biolife in Future Construction.”
“Did something like that happen?”
If it is a dormitory building, it is obviously not an incident that can be reported to the company president.
Even so, I thought it was reported because it had some connection to Mirae Group and Bio-Life anyway.
“Director Jin Yoo-gyeong instructed.”
“Is that the kid?”
“yes. I understand that you asked President Jin Tae-seop, who was in charge of future construction, to start construction the very next day, at least by adjusting the schedule for other apartment construction.”
Jin Yu-gyeong was a smart but lonely child.
A child who is looking forward to the future because his management skills are superior to those of his older brothers.
‘Is it because of a guy named Kim Shin?’
As a father raising a daughter, if you bring a man who is tolerable, you will inevitably feel inadequate.
Even more so, isn’t he the chairman of the future car?
However, if it is Kim Shin as a son-in-law.
‘Hmm. Yukyung. Does that guy have eyes for men?’
* * *
Producer Lee Hak-jae woke up to the loud ringing of his cell phone.
-hey. You bastard! Won’t you answer the phone soon?
“Yes?”
PD Seong Ho-jin.
I worked under him from the days of FD, and it was his influence that moved me to Dream Art Rainbow.
The salary and working conditions were right, but my heart was focused on the proposal to freely create a good program.
‘Why are you cursing? Even when I was working at a broadcasting station, I wasn’t such a cheap person.’
Wasn’t he a serious and respected senior?
Such a senior filmed on YouTube in the United States and then fell… … .
―Have you not watched the news?
“What news?”
―Check KakaoTalk first!
I was quickly opening KakaoTalk to find out what the hell was going on, but I heard Seong Ho-jin’s angry voice.
―You have to be alert today. If you don’t want to be criticized for the rest of your life.
When I saw KakaoTalk, I immediately understood the situation.
―Seong Ho-jin PD: It is an emergency. The Wall Street Journal reported that BioLife passed the first clinical trial.
―Seong Ho-jin PD: I think the CEO knew about it, but he didn’t tell me.
―Seong Ho-jin PD: Hey. It’s been over 10 seconds since I sent it, but don’t you check it?
―Seong Ho-jin PD: Are you sleeping? You bastard!
PD Lee Hak-jae woke up.
“I understand 100% of the situation.”
Because of the corona, not only Korea but the whole world was in an emergency.
Corona vaccine made by Biolife.
The producers of Dream Art Rainbow were not from the news department, but from the entertainment or drama department.
I don’t know the details, but the vaccine, which was judged to have a very high probability of failure, passed the first round.
“Don’t worry. I went to bed an hour ago because I was editing the video until dawn.”
PD Lee Hak-jae did an in-depth coverage of Bio Life.
So I knew that it was a place with great skills and that it had received enormous research support from Kim Shin.
Seong Ho-jin’s excitement subsided a little at the confident words of producer Lee Hak-jae.
―Right now, only short stories appear in the Korean media. Even the Wall Street Journal didn’t give any details. At times like these, we need to hold on to the momentum.
“Sure. senior.”
When an incident happens, early news or stories are very important.
This is because once the attitude of the public is decided, it will not change.
“Researchers of Biolife and interviewing companies. Videos about Corona. I will upload everything on the official YouTube channel.”
-How many episodes?
“Part 3.”
It’s a documentary-like video, but wouldn’t everyone enjoy watching it now?
Reporters from other broadcasting stations or newspapers will write articles after watching YouTube videos.
* * *
The first phase of clinical trials is usually conducted with hundreds of young, healthy people.
In order to popularize the vaccine, it must pass the 3rd clinical trial.
‘Because side effects are not the only case in the 2nd and 3rd clinical trials.’
I believe in Biolife, but it is common for large multinational pharmaceutical companies to fail in their ambitious new drug development.
That’s why I didn’t attach much importance to it.
―Elly: Bio Life! Isn’t that the company you invested in in Korea?
-Kim Shin: That’s right.
I think Ellie contacted me after seeing the Wall Street Journal.
―Elly: I really admire you.
-Kim Shin: What?
―Ellie: The talent of investment. sense. Something like that.
―Elly: After investing 12 billion dollars, the stock price went up a lot.
―Ellie: A lot of people talk about you at work. Employees from other companies I meet for work.
It seemed that his reputation on Wall Street was steadily spreading.
I think $12 billion was a reasonable investment in many ways.
$500 million put into a call option could be a headache for many financial institutions.
In fact, financial institutions also use methods such as buying real stocks to diversify risk for large-scale call options, so there will be no big losses.
―Kim Shin: How are you?
-Elly: Of course. The stock market has improved, so the yield has recovered a little.
I get to know Ellie comfortably like a friend, and there are times when I don’t contact her for days.
When we talk via messenger, more than half of the conversations are about work.
―Seong Ho-jin PD: The bio-life episode has been prepared for broadcasting. The video will be uploaded in 10 minutes.
―Seong Ho-jin PD: The parts that the representative filmed in the past. The videos that invested in Biolife and discussed vaccines will be uploaded separately.
Seong Ho-jin PD’s report.
Korean YouTube will be noisy when the video comes out, but I thought it was something we should be used to.
And the call came right away.
―I am Shin Won-tae, Minister of Health and Welfare.
“Yes?”
―Is this Kim Shin’s cell phone number?
“yes. I am right.”
Perhaps thanks to the news that it had passed the first clinical trial, the Korean Minister of Health and Welfare contacted me directly.
“How did you know my contact information?”
―Isn’t the Minister of the Republic of Korea not aware of that? haha. Congratulations on developing a corona vaccine.
“This is the first clinical trial. As you know, it is still very likely to fail.”
I know this because I worked at a pharmaceutical company, but the Minister of Health and Welfare needs to understand the work, so he hires experts in related fields.
A doctor, pharmacist, or nurse. Rarely, people from within the Ministry of Health and Welfare are selected.
That’s why I thought I would know enough about the difficulty of vaccine development.
―Even if you fail, wouldn’t the attempt itself be meaningful? If you had applied for clinical trials in Korea, the government would have provided convenience in many ways, but it is regrettable that clinical trials are being conducted in the United States.
“I was going to do clinical trials in Korea, but I know that various conditions were difficult.”
I felt like I was blaming myself, so I corrected it.
When I met the governor in the United States, it was a friendly and good atmosphere.
There’s no room for me to get involved in American politics, and there’s not much the governor wants.
Even if he hadn’t donated to a charity fund for children, he would have been given the image of a stingy entrepreneur.
Nevertheless, I wanted to say something about the Korean minister.
When I watched the news, I couldn’t understand how businessmen were bowing down to the government or politicians.
I don’t want to bow my head first because I usually have bad feelings.
-haha. The conditions were tough. But that’s all sorted out by the company itself. Biolife does not receive government subsidies for the development of a corona vaccine.
“I didn’t want to worry about applying for and verifying documents to receive the subsidy. The subsidy is not much.”
Government subsidies were often blind money for most companies.
It doesn’t help much to develop a vaccine.
DK Bioscience.
Last month, it is said that this company with a market capitalization of 9 trillion won was entrusted with research and development of a corona vaccine as a national project.
At the same time, the research fund paid by the government was only 100 million won.
‘I’m just trying to make a justification for investing in vaccine development. In reality, they wouldn’t even expect to develop it.’
What is the meaning of giving 100 million to a job that requires hundreds of billions of dollars?
Even if a vaccine is developed with that money, it has become a reasonable suspicion that the political world is trying to raise a spoon for supporting the development.
―Well, since you have a lot of money, you may feel that the government subsidy is small. From now on, the government will actively support it.
“how?”
―From development subsidies to simplification of clinical practice to a level comparable to that of the United States, to tax cuts for research. We do what the minister can do right now.
Receiving support from the Korean government will help develop vaccines in many ways.
It was a time when I was willing to receive support, big or small, if it came from goodwill.