So they have finally killed off Saizen presence in the US, made cuts across the board in Fertility and Serostim, telling reps at 12PM, that at 5PM, you are no longer with the company. Sounds like this company is in some deep financial trouble when you lay off folks effective immediately. How much longer before they are done with Endo completely, and pivot to MS and Onc only?
It's not just R Smith that needs to be gone. The other leadership does not have enough experience. They need to be gone too.
Serostim is a 20 year old drug. The idea of investing in an HIV & aging study was encouraging. After the layoffs and deciding to discontinue the study the signs are very clear about the future. All corporate investment is going towards other therapeutic areas - oncology, immunology and neurology. This isn’t rocket science.
R Smith should have never been hired here. My contacts at Novartis tell me he was pushed out due to his limited strategic thinking capability and inability to inspire. He accomplished nothing while here so his departure was not a surprise
Clearly a bone to pick here as you have torched him on 2 threads... don’t know about Novartis but the guy was better than anything we have had here in a long time (C.M.—- come on!). and is gone because he didn’t buy into the bullshit amateur culture he stepped into with the shenanigans of a week President and tyrant HR and finance Witch... this place is a joke and has been for a long time and at least he wouldnt play ball with the shenanigans... I would work for him tomorrow if he lands.. at least he understands specialty and cares about people...
