Somaxon announced today it will lay off 30% of home office staff as well as try to put itself up for sale!!! Good going Pascoe!!!
How many are in the home office now? Six? Investors would like RP to do what he should of done a few months back and step down. Two months ago he held a conf call saying majority of the reps were going to be rolled over into 2012. Three weeks 100 of those reps were let go, but he still stays. And then not to mention the cluster that was last week. There is no clear direction and in this business you can't learn and be successful on the fly.
The first mistake was launching this old product into a crowded soon to be extreme highly generic market place with no real value proposition with your product. Hard to see how investors got suckered into this company???? Give me genric ambien first all day, generic ambien cr next, genric sonata, then lunesta, then maybe this drug. If insurance does not pay for it and it works i will use it sparingly. BTW all of this after Ive tried all OTC meds first.
God tell me you didn't sell Silenor because with your drug selection you've mentioned, you aren't even in the right ballpark that Silenor competes in. Duh! do you know the difference from onset and maintenance? The mistakes were not understanding the importance of managed care. Had we launched with the coverage that we have today, the scenario would have played out differently. Nobody is complaining about a $15 copay today.
OMG! Are you kidding me? How much of the kool Aid have you had? The "$15 co-pay" works for about 5% of the prescriptions. 5% of nothing is NOTHING! Please tell me if you were one of the "lucky 30" that you are actively looking for another job -- you have about 10 days left of employment. Are you really hanging your hat on the co-pay crap? seriously.
... and you obviously weren't good enough to make the cut. But I do agree, everyone is fleeing the ship.
1st mistake was Mike Allen. What about that gomer edward bolane? Anoter somx turd. We dead folks. Its over
Not good enough to make the cut? You idiot, the chosen thirty had nothing to do with sales performance; at least not in my region.
The 30 retained was based solely on geography, and if that rep sgreed to work the monstrosity of a territory. My manager at the time ASKED me if I wanted the huge territory - I said no thanks. Also, are you still working at Somaxon? Better find another job fast, before there are even more reps let go from other companies -- think about the competition you'll have. Also -- had a fabulous 2 months off to spend with friends and family - and accepted an incredible job offer last week! Where will you be next month besides the unemployment line?