DVV

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The guy was completely clueless. He had no understanding of pharmaceuticals and no idea how to run a company. It was his department that created the mess. He became the whisteblower when he should've been fired from the beginning.
 
Anonymous said:
This company was sinking long before he came into the picture.
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No you are completely wrong. The company was still generating record sales. KV was no doubt a weird place to work but the facts are the company was doing extremely well until DVV and his pharmaceutical division created the oversized morphine issue. DVV had more than a year and half to get his division corrected and he failed. He than created an overthrow and became the whistleblower blaming Hermelin. These are the facts. Hermelin was certainly difficult to work for but the real criminal was DVV.
 
Anonymous said:
No you are completely wrong. The company was still generating record sales. KV was no doubt a weird place to work but the facts are the company was doing extremely well until DVV and his pharmaceutical division created the oversized morphine issue. DVV had more than a year and half to get his division corrected and he failed. He than created an overthrow and became the whistleblower blaming Hermelin. These are the facts. Hermelin was certainly difficult to work for but the real criminal was DVV.
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The poster got it right.... DVV caused the downfall of KV/TherRx/Ethex by signing off on several stupid (criminal) things including the oversize narcotic tablets, the out of specification metroprolol, and other sign-offs on products that should never have been approved for sale. What's really crazy is that when the board understood DVV's incompetence and fired him, he received a $1 Million severance in compliance with his employment contract. DVV was also the whistleblower that blamed Marc Hermelin for all the criminal activity. I agree that the real criminal was DVV.
 
Anonymous said:
The poster got it right.... DVV caused the downfall of KV/TherRx/Ethex by signing off on several stupid (criminal) things including the oversize narcotic tablets, the out of specification metroprolol, and other sign-offs on products that should never have been approved for sale. What's really crazy is that when the board understood DVV's incompetence and fired him, he received a $1 Million severance in compliance with his employment contract. DVV was also the whistleblower that blamed Marc Hermelin for all the criminal activity. I agree that the real criminal was DVV.
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Way to reply to yourself. Do you spend your time posting then replying to yourself all the time? What are you hiding or defending? Reads like maybe you are pushing your demons onto DVV?
 
Anonymous said:
Or maybe this is a truthful post?
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Flat out wrong. No decision at KV was ever made without Marc and Sara involved. Marc alone, at the counsel of his inner circle, decided that there was more risk to recalling morphine tablets due to the attention it would bring. The company was still using a Bb2 machine when it should have been mothballed years earlier. No investment in checkweighers or cGMP - just elaborate earth city building with overpriced paintings, butterfly desks, driftwood shaped into eagles, and trees that Marc personally planted. Those investments were the first cut by Marc himself during annual capital expense reviews.

I will give him this - he surrounded himself with an extremely loyal inner circle, as you can see from the misguided posters. They are still hanging on years later. Any company run by a husband and wife combination, and son running Corp Strategy, was doomed to fail.

The board that fired Van Vliet was a bunch of Marc loyalist. As majority shareholder, he turn over board members as revenge act, put his personal lawyer as lead director, his former accountant, and his former general counsel on board, then they fired Van Vliet. He fired everyone from the board that "wasn't loyal to him". The one he kept, Terry, ended up resigning days after the annual shareholder meeting where the others were fired. Even the CFO resigned knowing that KV was heading backwards, not forwards, after the board and management changes.

Facts are facts. Marc plead guilty because of the evidence against him after months of investigations that included emails, interviews and other documents. The guy tried to direct the modifications of batches/SOPs for metoprolol er, with no scientific background!

I am sure those loyal to Marc can try and spin history, and focus on the good he did for them, but that was a select group, with the masses often bullied/harrasses by the loyalist. You are better off writing Marc thank you letters than to post your biased views here.
 
Anonymous said:
Flat out wrong. No decision at KV was ever made without Marc and Sara involved. Marc alone, at the counsel of his inner circle, decided that there was more risk to recalling morphine tablets due to the attention it would bring. The company was still using a Bb2 machine when it should have been mothballed years earlier. No investment in checkweighers or cGMP - just elaborate earth city building with overpriced paintings, butterfly desks, driftwood shaped into eagles, and trees that Marc personally planted. Those investments were the first cut by Marc himself during annual capital expense reviews.

I will give him this - he surrounded himself with an extremely loyal inner circle, as you can see from the misguided posters. They are still hanging on years later. Any company run by a husband and wife combination, and son running Corp Strategy, was doomed to fail.

The board that fired Van Vliet was a bunch of Marc loyalist. As majority shareholder, he turn over board members as revenge act, put his personal lawyer as lead director, his former accountant, and his former general counsel on board, then they fired Van Vliet. He fired everyone from the board that "wasn't loyal to him". The one he kept, Terry, ended up resigning days after the annual shareholder meeting where the others were fired. Even the CFO resigned knowing that KV was heading backwards, not forwards, after the board and management changes.

Facts are facts. Marc plead guilty because of the evidence against him after months of investigations that included emails, interviews and other documents. The guy tried to direct the modifications of batches/SOPs for metoprolol er, with no scientific background!

I am sure those loyal to Marc can try and spin history, and focus on the good he did for them, but that was a select group, with the masses often bullied/harrasses by the loyalist. You are better off writing Marc thank you letters than to post your biased views here.
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I can't disagree with some of what you say, which was how things were up to about 2006/2007 timeframe. At that time, Marc and Sarah were convinced that some of the control and oversight had to be given up to VPs in charge of the various departments. In so doing I believe 7 "high power" VPs were hired in. Marc gave them full authority to make whatever management decisions needed to be made, with the proviso that only major and controversial decisions should be brought before him for discussion and/or decision. Even in the decision to not recall Metroprolol ER, Marc deferred to his VPs of Manufacturing and Regulatory Affairs. He did, as Marc was known to do, question each of the VPs from all possible angles way into one evening, but left the final decision on how to handle the overweight tablet issue on the VPs. Marc relied on the expertise and experience of his VPs in this instance, which was a BIG mistake as history shows. The VP of Manufacturing, DVV, was an incompetent mess, that really did not understand the manufacturing of pharmaceuticals, nor understand the severity of signing off on the manufacturing documents of substandard lots for sale. DVV was later fired by the Board of Directors, as you state, but because of incompetence.

Marc took full responsibility for what happened at KV, as a CEO should, but the real people that caused the meltdown of the company were never really castigated for their compliance in the making of the bad business decisions. In fact, some of the very executives are still with the remnant of KV, still making bad business decision!!

I was not part of the inner circle with Marc. I can tell you, however, that the vast majority of KV employees were highly committed employees, that when on occasion had to interact with Marc, found him to be slightly weird, but a down to earth humble person with a strong interest in seeing KV thrive. I also know of employees that were quietly helped personally, by Marc and Sarah, in times of need and/or loss.

Am I biased? I suppose so, but that's because of the truth I know to be truth, and not generic "spin" as you state it.

Marc and Sarah were/are human beings, just like you and I. ...And all of us are far from perfect human beings. The bottom line in the KV fiasco, is that a committed successful pharmaceutical company that had grown to over $700 million and employed close to 1700 employees was destroyed.... and that is the shame of it all!
 
Anonymous said:
Any company run by a husband and wife combination, and son running Corp Strategy, was doomed to fail.
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Oh, really? Take a scan of family run private companies and compare them to the some of the larger public companies. Notice lack of direction, or direction that changes with the wind in the public companies? I also note that most of the large standard public companies (AbbVie, Pfizer, Merck, Lilly, etc.) were all family run companies that grew, some believe grew too big and lost their vision, when the family control was lost.
 
Anonymous said:
Oh, really? Take a scan of family run private companies and compare them to the some of the larger public companies. Notice lack of direction, or direction that changes with the wind in the public companies? I also note that most of the large standard public companies (AbbVie, Pfizer, Merck, Lilly, etc.) were all family run companies that grew, some believe grew too big and lost their vision, when the family control was lost.
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Please don't compare KV with Pfizer, Merck, Lilly, or Abbott. Hermelin is a admitted felon and was kicked out the industry. he left the USA with his beard tucked between his legs thankfully never to return. No decision was ever made, big or small, that did not have his blessing. He destroyed his family and he destroyed the company.
 
Anonymous said:
Please don't compare KV with Pfizer, Merck, Lilly, or Abbott. Hermelin is a admitted felon and was kicked out the industry. he left the USA with his beard tucked between his legs thankfully never to return. No decision was ever made, big or small, that did not have his blessing. He destroyed his family and he destroyed the company.
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Ok so you hate Hermelin. Get in line but get the facts straight. Hermelin hired DVV to correct the problems that were in manufacturing for years. DVV was presented by Hermelin as the next CEO of KV. DVV's team failed to make any improvements and actually manufacturing got worse under his direction even after hiring a number of other "so called" top flight talent.

It was DVV's failure and eventually his complete incompetence that caused the demise of KV. Hermelin was weird but DVV is to blame. After DVV decides to be the whistleblower and he and his team take over the company is set into a downward spiral of layoffs and miscalculations with the FDA.
 
Anonymous said:
Ok so you hate Hermelin. Get in line but get the facts straight. Hermelin hired DVV to correct the problems that were in manufacturing for years. DVV was presented by Hermelin as the next CEO of KV. DVV's team failed to make any improvements and actually manufacturing got worse under his direction even after hiring a number of other "so called" top flight talent.

It was DVV's failure and eventually his complete incompetence that caused the demise of KV. Hermelin was weird but DVV is to blame. After DVV decides to be the whistleblower and he and his team take over the company is set into a downward spiral of layoffs and miscalculations with the FDA.
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I dont hate hermelin. Anyone who spent more than 10 seconds at KV knows what a maniacal control freak he was. DVV couldn't go to the bathroom without Marcs approval. The notion that Hermelin identified problems with the organization and actually hired someone to fix the problems is crazy. It didn't happen. DVV may have been incompetent but it was Marcs decision and his alone to bring him in. The next CEO of KV was not DVV either. The next CEO was Marcs son, David who is actually a smart guy. IF things were OK why be a whistleblower? Because of Marcs inability to run the business. He accepted no accountability for anything but he paid himself a fortune while the business that his father started grew from 100 employees to more than 1500. No one, not a single person could challenge Marc with anything and expect to have a job the next day. Marc thought he could bully the FDA and the SEC, how'd that work out for him?

But don't worry, we don't need to pass a collection plate for poor Marc. He paid himself handsomely, put the company in debt while taking at least 75Million off the table for himself, charged the company rent for his "art" and owned the buildings that KV and the sister companies leased. All told he probably took 150+ Million out of the organization and he lives like a king in Israel, thankfully banned by the FDA. You may wish to think that none of this would have happened had DVV not blown the whistle but that is a fairytale. Marc Hermelin destroyed this company and his family-these are the facts.
 
Anonymous said:
I dont hate hermelin. Anyone who spent more than 10 seconds at KV knows what a maniacal control freak he was. DVV couldn't go to the bathroom without Marcs approval. The notion that Hermelin identified problems with the organization and actually hired someone to fix the problems is crazy. It didn't happen. DVV may have been incompetent but it was Marcs decision and his alone to bring him in. The next CEO of KV was not DVV either. The next CEO was Marcs son, David who is actually a smart guy. IF things were OK why be a whistleblower? Because of Marcs inability to run the business. He accepted no accountability for anything but he paid himself a fortune while the business that his father started grew from 100 employees to more than 1500. No one, not a single person could challenge Marc with anything and expect to have a job the next day. Marc thought he could bully the FDA and the SEC, how'd that work out for him?

But don't worry, we don't need to pass a collection plate for poor Marc. He paid himself handsomely, put the company in debt while taking at least 75Million off the table for himself, charged the company rent for his "art" and owned the buildings that KV and the sister companies leased. All told he probably took 150+ Million out of the organization and he lives like a king in Israel, thankfully banned by the FDA. You may wish to think that none of this would have happened had DVV not blown the whistle but that is a fairytale. Marc Hermelin destroyed this company and his family-these are the facts.
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Your anger and your response say it all.

You don't know the facts completely.

Regarding the most important facts you are simply incorrect. David never wanted to replace his father and if you were as knowledgeable as you claim you would know this situation was accepted by Marc and others in the company. The company was doing very well before DVV's whistleblower antics. DVV was specifically brought into replace Marc and to correct the long going manufacturing issues. Your failure to know this or not state these facts tell me your anger is clouding your recollection of the facts or you are spinning a tale. It is true Marc did lease his artwork back to the company and it is true that many of the buildings were family owned were leased to the company.

The fact is DVV took it upon himself along with some of the people he hired on his team to overthrow Marc thinking they could work with the FDA to resolve. This is the same person and people who were hired to correct the issues that ultimately cost more than 1200 families their income and their jobs. DVV was incompetent and also the root of cause of KV's demise. These are the facts. Hopefully you've found a good job and have moved on to better opportunities. Get your anger checked you may live longer.
 
I am not the original poster of this thread, but it is interesting that you defend Marc and his behavior as well as noting "facts" as if you knew them. Talk to the outside lawyers involved, and the FDA and then maybe you won't blame it all on DVV. You speak with anger because it appears you lost your job and that indeed is very sad. However, the truth is that there are those who stand up for what's right from wrong and then their are those who are too weak or too political to stand up for what is right. Remember that Marc controlled every decision in the company and that's a fact.
 
Anonymous said:
I can't disagree with some of what you say, which was how things were up to about 2006/2007 timeframe. At that time, Marc and Sarah were convinced that some of the control and oversight had to be given up to VPs in charge of the various departments. In so doing I believe 7 "high power" VPs were hired in. Marc gave them full authority to make whatever management decisions needed to be made, with the proviso that only major and controversial decisions should be brought before him for discussion and/or decision. Even in the decision to not recall Metroprolol ER, Marc deferred to his VPs of Manufacturing and Regulatory Affairs. He did, as Marc was known to do, question each of the VPs from all possible angles way into one evening, but left the final decision on how to handle the overweight tablet issue on the VPs. Marc relied on the expertise and experience of his VPs in this instance, which was a BIG mistake as history shows. The VP of Manufacturing, DVV, was an incompetent mess, that really did not understand the manufacturing of pharmaceuticals, nor understand the severity of signing off on the manufacturing documents of substandard lots for sale. DVV was later fired by the Board of Directors, as you state, but because of incompetence.

Marc took full responsibility for what happened at KV, as a CEO should, but the real people that caused the meltdown of the company were never really castigated for their compliance in the making of the bad business decisions. In fact, some of the very executives are still with the remnant of KV, still making bad business decision!!

I was not part of the inner circle with Marc. I can tell you, however, that the vast majority of KV employees were highly committed employees, that when on occasion had to interact with Marc, found him to be slightly weird, but a down to earth humble person with a strong interest in seeing KV thrive. I also know of employees that were quietly helped personally, by Marc and Sarah, in times of need and/or loss.

Am I biased? I suppose so, but that's because of the truth I know to be truth, and not generic "spin" as you state it.

Marc and Sarah were/are human beings, just like you and I. ...And all of us are far from perfect human beings. The bottom line in the KV fiasco, is that a committed successful pharmaceutical company that had grown to over $700 million and employed close to 1700 employees was destroyed.... and that is the shame of it all!
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2006 ? Yeah sounds bout right...
 
Anonymous said:
I am not the original poster of this thread, but it is interesting that you defend Marc and his behavior as well as noting "facts" as if you knew them. Talk to the outside lawyers involved, and the FDA and then maybe you won't blame it all on DVV. You speak with anger because it appears you lost your job and that indeed is very sad. However, the truth is that there are those who stand up for what's right from wrong and then their are those who are too weak or too political to stand up for what is right. Remember that Marc controlled every decision in the company and that's a fact.
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Marc still controls you based on your emails. Move on already. It's over. KV is gone and so is your job. Get a life and move on with your life. The new KV is doing just fine. Makena is picking up and we have a bright future. People from the past leave us alone.
 
Anonymous said:
Makena is picking up and we have a bright future. People from the past leave us alone.
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Surely you've noted that Makena is only being used by about 12% to 15% of the potential market, the rest is being served by compounded drug or no treatment. Why do you think this is so? How can you have "...a bright future" when the income, mainly on Makena, is not sufficient to cover the investment return that the hedge funds and others demand for their risk in reorganizing the company and getting it out of bankruptcy.

Unless Makena can capture at least 50% to 75% of the potential market, KV is is deep trouble. This is especially so considering that there are generics to Makena pending approval (albeit for a different indication, but remember that docs can prescribe off label), and at least one NDA pending approval. When these competitor products hit the market Makena is toast.
 


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