Unraveling the Mongolian Pharmaceutical Industry With L.khurelbaatar

The following is an interview with State Merited Health Worker and pharmacologist L.Khurelbaatar about the pharmaceuntical industry in Mongolia.

He is the founder of Monos Group, one of the leading companies in the pharmaceutical field in Mongolia, who authored several books and holds 54 patents to his name.You once said that one needs self-discipline to succeed and that it's never too late to start something new.

Are you working on anything new?The reason why some people do better in life than others despite growing under the same environment is connected to self-discipline. We can achieve anything if we're able to control ourselves.

The bridge to success is self-discipline.For example, a person can learn 3,650 new words a year if they memorize 10 words a day.

Two years ago, the world's youngest billionaire Mark Zuckerberg encouraged everyone to read one book every week. If you're able to follow this plan, you'll have read 52 books in a year.

A person can surpass others if he reads at least 10 professional books a year. Anyone can do this but most people don't because they can't make time for it.

A recent study showed that people watch television four to five hours a day. Take just an hour from it to read a book.

You need to keep moving forward to reach your final destination. Some people lose their path due to lack of patience and self-discipline while others lack courage.

The start is always hard. I run five kilometers every morning.

I feel out of breath and my hands and legs shake after running a kilometer but it gets better after a while. Also, it's better to stop procrastinating.

Right now, I'm developing a new kidney medication. Our development team discussed the new medication for four hours this morning (April 7).

We've tested over 10 different medicine formulas on rat to see which is more effective.I try to spend more than a half of my work time at the Mongolian Academy of Medical Sciences (MAMS), but in reality, I only spend 30 to 40 percent of my time on academic work.

This is mainly due to economic decline. Our company established Enkhriin Shuuder IV solution manufacturing factory with five other companies.

Our monthly loan repayment is 100 million MNT. Lately, I've been spending more time on business work to overcome the economic crisis with minimal loss and make sure I don't have to lay off 1,500 employees.

Pharmaceuticals seem to be a very profitable business in Mongolia. Do you have any challenges while running a...