Is there even one pharmaceutical or medical device company worth working for these days?

Seriously, I can't think of any.

 

I have 55+ and 25 years with the industry. I have invested well and I have a side business. I'm just staying on with my current company for the health bennies and increasing my 401K. I keep a low profile and stay away from the drama, back-stabbing, and ridiculous initiatives from marketing and mgmt.

I would never get into pharmaceutical sales in 2020. Covid has shined a light on how doctors' offices would get along just fine without us.

 

Covid has shined a light on how doctor's offices don't need reps? Seriously? That fact was evident back in the early '90s cochise, and there are still armies of drug reps staying home now but previously working part time at best, and earning their 100K+ a year...

The reps are a write-off for the companies for the obscene gobs of cash they extract from patients, payors, and medical systems...After a nuclear apocalypse, the only things left will be Keith Richards and pharmaceutical reps.

 

Good point.

 

52 and 20+ years in the business. I'm super specialized, with only 14 of us in the country. I'm requesting time to see the doctors I have been working with and I'm getting appointments. I'll be in 3 major cities this week meeting with Docs in 3 academic institutions. Lot's of flying this week and last week. Hotels are a mess, can't seem to keep staff.

I think primary care pharma will soon become a dinosaur as treatment guidelines direct the uptake of new therapies.

Specialty will still have a role, but a very minor role. My $0.02.

What a shitty industry. I hope that the whole American medical model is changed. I have friends who are Docs in Sweden, and they get to use the new shiny drugs for their autoimmune and cancer patients while the US sits and waits for 'a formulary addition' because we are paying 5-10x what the rest of the world pays and the insurers are tired of it all. Sux to get sick.

Stay well all.

 

Agree with this.
Corporate selling of any kind is not the place to be in your life for so many reason, but the main one is that you are not empowered, and are just a "toolbox" to your employer.

And that is a terrible way to go through life.

 

Amen!

 

TY I ALWAYS SAID reps were for money laundering I mean it's so obvious. No savvy business model would support what we do for as many decades as we did it. Like the CIA are drug dealer; so is BIG PHARMA.

 

Money laundering. That’s funny, never thought of it that way before, but the shoe kinda fits...