Crash

LOL stock lost 30%. Layoffs coming and Timmy looks pretty red faced. I wouldn't count on a severance package

 

How did this happen

 

Oh I don't know. Charging $2000 for 800mg ibu and not having insurance coverage on any major plans?

 

Comercial put in place a growth package with payers without considering any other mix outcomes than the one they wanted. One might ask why didn't we match the patient volumes with the reimbursement payouts earlier to see this coming?

TW says salesforce did their job - OK who didn't do theirs. Surprises are not good for the street.

Execs incentivised to make numbers. Yes heads will roll. Let's get rid of some of the multitude of VPs running around corporate and stop using high cost consultants for work that never matters!!!

 

heads are going to roll. Get a box and start packing up your things Georgie. Surprising that a guy of your caliber can't sell some pills with all that biologic experience you "have".

 

Take PC with you. Another waste of space

 

You heard the management team say this morning that primary care is non-strategic, ie will be divested at any opportunity.

Keep in mind when you plan that next vacation, look at getting a new car, sign up for extra nanny help, etc. remember one thing:

YOU ARE NOT WANTED!!!

 

layoffs?

 

Yup. I just got the call. I am gone. DM was let go as well.

 

Primary care products are done. They will sell off soon. If your here do yourself a favor and start looking as its a matter of months before the divison goes.

The model will never work without plans paying for approved products. Walbert knew you can only kick the can fo so long. The hail Mary was the PBM play.

It's over for everyone that does not have a role with a orphan drug.

 

Any idea the metrics they are using?? Did they give you severance??
Sorry that happened.

 

What metrics did they use? Any severance?
Sorry.

 

I remember a training the two faced idiot Rita brag about how the company has never had a layoff.. did that moron get fired to?

 

haha its about time. you all have been frauds ripping people off the whole time. Looks like you are finally getting what you deserve

 

Polly want a cracker or a Colorado banana ?

 

Rumor is ... people here under 6 months and struggling territories easy to dissolve. 3 months severance and paid Cobra

 

Was here over a year and my territory isn't struggling. 3 months severence and 3 months paid cobra.

 

https://www.sec.gov/Archives/edgar/data/1492426/000156459015009832/hznp-ex102_457.htm

 

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