Millionaire Son in Law Chapter 3710
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- JX Weisan faces challenges entering major markets like the US, Germany, and UK due to strict regulations.
- The company targets these countries due to high alcohol consumption and significant demand for stomach medicine.
- Successful global expansion is projected to boost annual sales beyond 200 million boxes, generating 100 billion in revenue.
Speaking of this, Liang said awkwardly: “But our JX Weisan will not reach this degree of urgency,”
“After all, we belong to the regulating type of stomach medicine, more to solve the patient’s long-term or sudden stomach discomfort, indigestion and such symptoms, these are not considered major diseases.”
Charlie nodded and asked him, “Which countries are not in yet?”
Liang said, “The largest unentered market is the United States, the U.S. FDA requirements are indeed too strict, and the process is very cumbersome,”
“So it is more tricky, but his two neighbors Canada and Mexico we have successfully entered, as for the European side, the largest yet to enter the market, is Germany and the United Kingdom.”
Speaking of this, Liang sighed: “In fact, the United States, the United Kingdom, and Germany, in these three countries, the potential is very large!”
“Moreover, the consumption of alcohol in these three countries is very high, so the probability of their people having stomach discomfort is also much greater,”
“And the demand for all kinds of stomach medicine is also the highest in the world. If our JX Weisan can successfully enter these countries, then I expect our annual sales will exceed 200 million boxes!”
“Of which, domestic accounts for about 30 to 50 million boxes, the rest is all in the overseas market, in that case, the sales will be around 100 billion, and the net profit will be about 45 billion.”
Issac could not help but exclaim: “A drug sold for one hundred billion a year …… this is too scary ……”
Liang said: “Mr. Issac does not know, the global sales of best-selling drugs are indeed very impressive, the global drug sales champion in these years is almost nearly twenty billion dollars,”