ADC: Great Place to Work

You mean "can't".

 

Thank you for a perfect example of why ADC is where it is today, and will be in the future: irrelevant, and forgotten.

At the very highest levels at ADC, because that's where this kind of thinking starts and flows down from, the strategy has do nothing and hope, rather than face facts and take effective action. ADC has always shunned anyone comments on reality, concludes the truth from the facts, or questions the "have faith or else" doctrine.

Like some bizarre cult or misguided religion, the high priests and priestesses at ADC have always tried to hide the truth by censorship of data and facts. And expelled any who challenge that after first branding them as heretics.

Compare that to the kind of thinking we see from winning corporations and entities. Here is a oft quoted piece from a speech by James Cameron. Can you image anything more completely opposite to how management thinks at ADC?

“So my message is in whichever realm, be it going into space or going into the deep sea, you have to balance the yin and yang of caution and boldness, risk aversion and risk taking, fear and fearlessness. No great accomplishment takes place, whether it be a movie or a deep ocean expedition, or a space mission, without a kind of dynamic equipoise between the two. Luck is not a factor. Hope is not a strategy. Fear is not an option.” — James Cameron

 

Miles conference call:

http://www.nasdaq.com/aspx/call-transcript.aspx?StoryId=2134293&Title=abbott-laboratories-discusses-q1-2014-results-webcast-

At about 7:00 he spends a few seconds on ADC. Vague mention of the new sensor technology.

You guys at ADC are really screwed.

 

What a Idiot you are

 

Thanks for a perfect illustration of point made. Someone nails it, and all you can think of is to call him an idiot.

Just to piss you off, I'll repeat the best part: hope is not a strategy. Hey stupid, WE HAVE NO PLAN!

You know what the definition of insanity is? It's doing the same thing, over and over again, and frustrated that you get the same result each time.

ADC has been doing the same thing over and over again, and failing each time. All all you can think of is to HOPE we get a different result next time?

Moron.

 

There was a post on here earlier about the company surviving a long time because of the inertia in the market. Seemed a reasonable point of view - until this news came in !

Game over in 18 months.

 

ADC has good meters and strips so there will be some market. The new technology will be well received but is it reimbursable? Either way the division is on the way down for a while and the question is does one what to stay at a place where there is no growth or opportunity.

 

New technology? WTF are you talking about??? Please tell me you're not talking about that flash glucose monitor ABT has been hinting about for years. That's always "coming soon" and "almost ready for clinicals" ... in 6 months. Then it goes dark for a year, until Lurch brings it up at some unless Euro conference where half the audience is asleep from boredom, and the other half is there for there the free trip only, and could care less what anyone says.

It's already been clearly established that that "dog won't hunt" in the US ... even before Obama and Pals took over our healthcare system and SAVED us all money by RAISING the costs for anyone that actually earns any money (legally that is), and REDUCING the actual benefits those people can receive, so the Fed's can put more people who don't work in Medicaid.

Unless Flash will cost less than old fashioned meters and strips, it can stay in Europe, where they have full fledged socialized healthcare. And that's only if the Euro's are willing to pay for it.

ADC is doing what everyone else is doing in BGM: getting out as gracefully as they can. BGM will be left to PL and generic products, very low margin stuff.

We don't have 18 months left on the clock. The next round, which gets rid of all but a handful of reps to call on handle contracts, is baked and ready to go as soon as the Park gives the green light. Next month? By the end of the summer? Year end? Q1 '15? Maybe that long,maybe not.

If you're smart, you'll do what everyone else here is doing: spending most of their time looking for a new job, and going through the motions at ADC. Don't be a fool and wait for them to give you a pick slip, and dump you into the worst economy since the Great Depression. There aren't many jobs out there, and there are fewer and fewer new jobs each month. If we didn't have a socialist for a president who is directly responsible for this mess, you can bet CNN, MSNBC, PBS, and all the rest of the socialist main stream media would be screaming "depression" in every headline.

 

Well I am already out of ADC.

The Flash Glucose is quite a good idea and will occupy a place in the market some where between BGM and CGM. It is new and based on ADC's CGM technology and should be very helpful for patients. But it won't save the situation at ADC because it is too late.

 

At what point does "some market" become irrelevant? The market for Freestyle has always been small, and getting smaller everyday for the last half dozen or so years. We have passed the irrelevant point years ago, when ABT stopped investing in R&D at ADC and started trying to sell the division.

Flash comes out of the closet when ever ABT wants to get some attention to what they are really trying to sell. That's not meters, but the ADC. Dunky will pull out Flash when he needs something to wave around to boost morale. Like show and tell. But this is not consumer electronics, where people pay for the latest gadgets. This is healthcare, and people want it for free, even those who chase the latest consumer toys. This is a lowest cost wins category, so until and unless flash technology can win bids over meters and strips, in won't get on the market.

That kind of technology may be the future, but ADC won't be around when ever that math works, you can bet on that.

 

Congratulations! I'm in the running on a few jobs and hope to get out before the summer starts.

I think you are right that flash technology is the future. But bringing that to market successfully is far beyond the skill set ... and mind set ... that we have at ADC. It's going to take real innovation to make Flash affordable. And a big investment combined with creativity to win bids and gain support across healthcare. ADC has no history of that. ADC would launch this the like Big Pharma did 20 years ago, pricing it higher than anything on the market, not winning bids, and refusing to collaborate with the big pharmacies and PBM's on launch and awareness programs. And then a company that is really innovative and creative will come along and capture the market right out from under ADC.

 

You are correct about the layoffs coming. I am in the Diagnostic Instrument part and we are losing account after another. We are losing all our Hematology accounts to Sysmex and Chemistry to Roch.
It is a downward spiral like a whirlpool. Get out while you can!

 

Flash is an interim product with little chance of success. Reason being, what both customers and healthcare decision makers really want is a continuous glucose monitoring device for the price of a strip. Anything less and they won't be interested. This could be achieved if a really determined effort was made, and would be worth billions even in the current shrinking market. But who will do this ?

Not one of the current majors who like ADC are stampeding for the exit, and who don't have any innovators left anyway. Perhaps one of the Israeli medical device start-ups, with a modest staff containing a few dozen engineers and scientists dedicated to advancing the state of the art.

 

Great news for our company! We are going to dominate diabetes!!!! Abbott Announces FDA Clearance for a New Test to Help Physicians Quickly and Accurately Diagnose Diabetes

 

Yawnnnn ... fart. Hmmm .... that's better. Now what was that ... an A1C test kit. Let's see ... Bayer had one that just turned that company around ... Oh, I guess not. Yes yes, this one is different ... done in the doc's office. Wonder how much it costs? Wonder it it will be covered? Oh, you have no idea? Hmmmm let's see here ... nothing about THAT in the press release. Well, as long as its cheaper than that complicated blood test, right? Oh, they have to to the blood test anyway? It's more comprehensive? So this new uber test from ADC is what, redundant? Not necessary? Not covered? THAT will go over well.... I'm going back to sleep

 

NEGATIVE NELLY!

 

Absolutely correct! To make something like this work, it will take a fast, nimble company that can contract the manufacture in Asia, and does not have a massive corporate infrastructure to fund. A 21st century company that knows how to launch and market innovation.

It will take someone like that to get this going; if they can, and it catches on, then they'll sell it to a dinosaur like ADC, who will overpay for it, and then promptly run it into the ground.

 

Hey great! Yes we're gonna rock, dominate! That means secure jobs forever, fat bonus checks, profit shares!

So, I've got an opportunity for you now that just can't wait. But hey, the future is golden, right? I've got this cousin, see, and he has this friend, who has land in Florida on a lake, and he has to sell off 1 acre lots on the cheap to pay for an operation to separate his two daughters, who were born joined at the buttocks. It's gonna be a whole lake front development, with beaches, pools, boat docks, ocean access, etc. I'll email you ... my DM is in on it too.

 

LOL! This is how the industry reacted! You sound as thrilled as the HCP's who were in the focus groups this was tested on this!

First, and foremost, ADC management has proven that it can't launch a bottle rocket without burning themselves with the lighter and catching their pants on fire, only to have the rocket sputter along the grass and fizzle out.

Second, ABT is not going to give ADC the money to do what it would take to market this, build awareness, and get it covered by the insurance companies.

Third, Bayer did have a simple do it yourself A1C test kit, and that failed miserably. As I recall, they first went to the doc's offices to pitch this as a fast diagnosis alternative to blood work. But the insurance companies refused to cover it, so they went OTC. Guess what? Yep, dead. Today's HC climate is 10x worse.

Insurers will pay for the blood test. Who can't wait 24 hours? And they will have to do the blood test anyway because the doc's need to see other vitals to understand the patient. This may be OK in places were socialized HC will pay for it in place of the blood work, especially in places were blood work is hard to get done. But in the US market, until we have full fledged government HC, and service has fallen to the level current in other countries where socialized HC is well developed and the people accept 2nd rate treatment, this will not fly.

 

Hey I want in on this too! This A1C thing is going to be massive! I'm so confident now in Dunkie and the Boyz that I'm willing to mortgage my house and raid the kids college funds. Tell me more!