Warning to US Workers

the announcement isn't even on archimedes website yet. I guess they didn't have enough money to pay their web guy.

Okay, so where do they go from here? I said they'd be done by August, but I meant LAST August. How soon before senior mgmt is tossed?

 

Some of you should post on Depomed Board.

If it is a dog of a product, a me too- it found a home.

Depomed has little to no MC access with what appears to be a weak MC team.
Perhaps the MC team has had its hands tied by corp., but it has had no wins to remark on in 2013.

Zipsor is a great efficacious product.
No one pays....except Comp!
Gralise too but, it can't even get on the board because GABA is cheap.
MC doesn't care about making a patient happy.
It's all dollars and cents.

So now add your product-that's a trifecta.

Sales team at depo in certain areas have left as quickly as they could.
Many, many looking.

The criticism for leadership is that they are old, disingenuous,more interested in playing investor than caring for or listening to their people.
They run sales like a pc sales force pitching that it is a specialty org.
Micromanagement, matrix imposition, big stick mentality.
From the beginning promising a new brand of management, offering autonomy and transparency.
All of which is rhetoric as they cling to the 70's and 80's mgt style.
They are hands off presumably to play monopoly while empowering IT henchmen who cannot even get a call plan straight.

Investing in dinner presentations to pain mgt docs with no real genuine thought leaders as champions, pathetic and embarrassing but they are not influencing but trying to buy the business.
Guaged by how many lunches one does is a benchmark to the business model they hold sacred.
Stepping back in time when disco was king.

Rumor has it that they are lusting to be in the Oxy game or some schedule 2, so here it is.
The idea of offering a full portfolio to a Pain Spec is great, but me too, non covered products, just can't get ya taken seriously.

So, if you need a job, look at Depo.
They hired a few Zipsor reps at the start!

 

yeah, but they got the drug for a steal. still it will cost some money to train reps and market the product, but they got this for virtually nothing.

 

Actually since we dont know what the milestone royalty payments are, cant say if this is a good deal. Three years from now this could be a $20 million transaction if Depomed can put the muscle behind it. Doubt any of us will be watching this company anyway so who knows and who cares.

 

still nothing on Archimedes website about ditching their flagship product!

Nice to be a private company.

Look up! Shoes are dropping. Get out of the way before one hits you.

 

ok. when is bucky gone? what is his reason for being there? Lazanda is history. what is he CEO-ing?

 

Bucky is cleaning out the office and loading his BMW with booty. Until they take his keys, Bucky will plunder.

 

surprised Perelman is still there. I figured he'd leave the minute the first hole sprung in the ship.

 

Mr. B thought he could sell Lazanda to oncologists, based on his Enzon experience. Potentially good idea, but he needed $100 million just to break open this market because oncologists just don't think about fentanyl for breakthrough pain (and in fact, are a bit heebed out about it). Missed the boat on pain specialists completely, where the easy scripts were. Surprised he didn't change tack more quickly, but then again, you only get one chance to launch a drug.

 

He f'ed up royally at Enzon.

 

Believe it or not, 80% of Pain Drs are writing fentanyl off label, and Archimedes was never go to sell to that segment. Rad Oncs and Medical Oncologists were only way to go and that is what took the ship down, not Bucky the Pirate, but good morals sank the ship and in my book that is the only way to go down.

 

please. you can't be serious. marketing Lazanda to pain specialists (probably the only specialty that is really trained and gives a damn about using opioids responsibly) was immoral? Nuts.

 

i can guarantee you that when Perelman and Mr. B are discussing strategy, they ain't considerin' morals. that's a fact. this was hubris. B thought his extensive konwledge of oncology would result in a money windfall, opening a niche that no on else was in. i actually don't disagree in principle, but you can't develop a new market without investing in it and Archimedes didn't have the cash to do that.

 

Bucky made off early with all the cash.

 

Selling the company for $5 million does not leave a lot of cash left to be taken. Think this was a failure and no one left with anything. Maybe next time.

 

You know the one about you can fool some of the people all the time and all of the people some of the time........Well Bucky fooled an entire industry for a loooong time. As impressive as his path of destruction has been in Pharma, it pales in comparison to his very early "achievements" in an unrelated (but much smarter) industry.

 

Now I'm interested. What were the earlier achievements?

 

Well, I guess Archimedes will never comment on the Lazanda sale. Maybe it will be the Pharma equivalent of the guy with the red stapler in Office Space (fired 2 years ago but nobody told him so he keeps coming to work every day).

 

How do you feel the HR department is managing this?

 

Managing what and whom? US Operations is closed.