Chinese Firm Buys Canada mRNA Vaccine Tech in $500 Million Deal — perfect example of how cheen acquires not just a product but “platforms n people” @sriramthg @cvkrishnan 1/n bloomberg.com/news/articles/…
They would not care if this particular vaccine works or not… they want the tech platform - trained people, machines, people who design and make the machines/lipid pumps/raw materials, test gear because mrna will have many uses and they want in + help their own efforts 2/n
So they have teams of talent scouts who roam all over looking for small cos with good tech but needing money. Kaneda govt imported all vaccs and gave minimal funds to this co… so they home in and make a good offer 3/n
Very soon once initial absorption is done there will be a total buyout and infusion of mainland scientists to come over and learn things and scale things back home. The few kanadians on payroll will be handsomely paid and used as consultants ..4/n
Instead of manufacturing and clinical trials partnerships like gennova did with hdt seattle and bioE with baylor college of medicine we need these funded deals to acquire IP/people/labs. Need a war chest funded by govt/proxies to keep acquiring dozens of small cos 5/n
Like cadila zydus acquired a small co etna pharma in sicily for vaccines, ola bought etergo for scooters - goal must be unify things and keep building on initial pump of tech infusion not repeat the decadal cycle ot begging bowl for tot n/n
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