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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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<p>[QUOTE="anonymous, post: 6371506"]Think again!! Big Pharma will be affected in a big way by the current situation:</p><p><br /></p><p>Many companies across America have closed their doors currently, only God knows for how long!</p><p><br /></p><p>With no revenue coming in, how long do you think they will pay health care premiums for workers sitting at home? It’s easy to stop paying wages, but once you cut off paying health care premiums the game elevates to another level...</p><p><br /></p><p>Once these companies stop paying health care premiums, what do you think insurance companies are going to do when the revenue does not come in? Do you think they will pay for branded anti-psychotics, or force prescribers to resort to generics? The insurance companies will either demand huge price concessions from big pharma, or go purely generic whenever possible. </p><p><br /></p><p>Either way, it will hurt big pharma, and affect every job in pharma sooner or later. There will be no room for financial excess, anything that can be cut will be cut. Don’t be surprised if your salary will be cut, or your job eliminated. Drug reps are very expensive for companies, especially when you have two reps per territory, and no data to prove that two reps sell more than one. </p><p><br /></p><p>By now, even the dumbest CEO starts to question the necessity for that. And once these companies learn how to operate in this environment, they will never go back to the old ways. Add to that the fact that many docs have at least temporarily closed their offices to reps, they may find out that life is actually better without the nuisances of having a rep visit them. So, if you are a DM or rep, it might be wise to save a little bit more money, you may need it later on, when your salary has been cut or you have been laid off.</p><p><br /></p><p>Nobody knows when this virus is going to peak. And don’t trust the infection rate posted by China!!! Do you really think they are telling us the truth? Some people inside China have said it is much worse than the government reports!! Of course it is, just as China has been stealing America’s secrets and technology for years!![/QUOTE]</p><p><br /></p>
[QUOTE="anonymous, post: 6371506"]Think again!! Big Pharma will be affected in a big way by the current situation: Many companies across America have closed their doors currently, only God knows for how long! With no revenue coming in, how long do you think they will pay health care premiums for workers sitting at home? It’s easy to stop paying wages, but once you cut off paying health care premiums the game elevates to another level... Once these companies stop paying health care premiums, what do you think insurance companies are going to do when the revenue does not come in? Do you think they will pay for branded anti-psychotics, or force prescribers to resort to generics? The insurance companies will either demand huge price concessions from big pharma, or go purely generic whenever possible. Either way, it will hurt big pharma, and affect every job in pharma sooner or later. There will be no room for financial excess, anything that can be cut will be cut. Don’t be surprised if your salary will be cut, or your job eliminated. Drug reps are very expensive for companies, especially when you have two reps per territory, and no data to prove that two reps sell more than one. By now, even the dumbest CEO starts to question the necessity for that. And once these companies learn how to operate in this environment, they will never go back to the old ways. Add to that the fact that many docs have at least temporarily closed their offices to reps, they may find out that life is actually better without the nuisances of having a rep visit them. So, if you are a DM or rep, it might be wise to save a little bit more money, you may need it later on, when your salary has been cut or you have been laid off. Nobody knows when this virus is going to peak. And don’t trust the infection rate posted by China!!! Do you really think they are telling us the truth? Some people inside China have said it is much worse than the government reports!! Of course it is, just as China has been stealing America’s secrets and technology for years!![/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Otsuka
>
So you think you are safe working here?
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Otsuka
>
So you think you are safe working here?
>