There really does seem to be an exodus as of late but I dont have any numbers. Would live to know why folks are leaving (normal attrition or poor management)
So, PRA gets bought by KKR. Now, KKR announces they will also acquire RPS, and then merge PRA and RPS. Is anyone else getting deja vu right now? (hint - i3 Research + Inventiv + PharmaNet = chaos)
Yes, the lovely biopharma industry is consolidating just like the airlines. People at RPS are furious. The CEO or President cussed and 'behaved erratically' during the press conference announcing the merger. Stock options were not honored when KKR has $78 billion in assets. No one at RPS is happy about working for or under the PRA branding. Lots of Senior CRAs are fed up and tired at RPS. No raises or bonuses for 2-3 years, only stock options which turned out to be useless. No 401 match despite promises. Completely unethical company. PRAs reputation as a work mill for burning out CRAs is also a concern. I gotta get a new gig.
