His Stunning Doctor Wife novel Chapter 707

Soon after, the elderly Mr. Tu had arrived, and the duo waited. After a while, Daphne who had gotten off work, also hurried over.

Daphne seemed wan, her whole demeanour carrying an air of exhaustion.

Daphne greeted them, "Hello, Dr. Chen, Mr. Tu, you've arrived."

Fade pulled out a seat and said, "Dr. Tao, there's no need to be courteous. Let's talk while we eat."

Daphne nodded and took her seat.

Fade didn't beat around the bush. He cut straight to the chase and said, "Dr. Tao, I just came back yesterday. Early this morning, I found out that Fei Enterprises Holdings Inc's Life Elixir Wine was so well received that there were incidents of customers snapping up bottles of wine."

"Upon investigation, I found out that the main reason was the sudden increase in the medical fees of the hospitals."

"I heard that a treatment for a mere cold costs one or two thousand yuan now."

"Dr. Tao, what's going on here? Why would the hospital's fees increase by so much?" Fade couldn't help but ask.

Daphne sighed and said helplessly, "I know what's going on, but to tell you the truth, the hospital is forced to raise their medical fees."

"Why so?" Fade asked.

Daphne said, "Dr. Chen, Mr. Tu, both of you are doctors. You should know that there is a commonly used drug known as the betalactam antibiotic that is circulating in the hospitals."

"Yes, I'm well aware." Mr. Tu nodded and said, "Beta-lactam antibiotic is a basic medicine, which is common in various anti- inflammatory drugs and cold medicines."

Daphne nodded and said, "The rapid increase in the medical expenses is caused by the betalactam antibiotic."

"How?" Fade was still puzzled.

Daphne explained, "Beta-lactam antibiotic is better known as Alstom Antibiotic abroad. It was Alstom, a scientist from Micovia who developed this antibiotic."

"When the Alstom Antibiotic was successfully developed, the magnate of the pharmaceutical industry, the Bald Eagle Pharma of Micovia, purchased the patent right. Over ten years ago, the Bald Eagle Pharma gave authorization to various pharmaceutical companies all over the world to produce the antibiotics at a low price solely on the basis to promote the popularization of the Alstom Antibiotic."

"Over the decades, there have been thousands of pharmaceutical companies all over the world producing this Alstom Antibiotic, which has promoted the use of these antibiotics throughout the world."

Upon this, Fade vaguely had an ominous feeling.

As expected, Daphne went on, "Just three months ago, the authorization rights of the Bald Eagle expired. Bald Eagle requested all the pharmaceutical factories to purchase the exclusive patent right of the antibiotics in order for them to continue to produce the antibiotics."

"And now, Bald Eagle Pharma has increased the exclusive usage rights by a hundredfold, pushing the figure up to a terrifying 50 million dollars. There are only a handful of pharmaceutical factories in our country that is able to afford such an extravagant price."

"Thus, as the patent has expired, many pharmaceutical factories in the country were forced to halt the production of the Alstom Antibiotic. As a result, the supply was greatly reduced but the demand remains high. This led to an alarming shortage of antibiotics. They could only rely on their remaining stock or resolve to importing the said drugs imported from other countries to treat diseases."