To get this company back on the right track?
Nice try Mark! Stay away!Bring Mark back!
Agree with a lot you have posted. Especially, Viv sells Viv and ARI sells ARI. Terrible idea to have ARI carry VIV. Will do very little for Viv and really hurt ARI. WHo's bight idea was this anyway? Just stupid.Critically assess Sr leadership. Is this the best we have?
Right size and eliminate the unnecessary
Layers.
Separate the cats and dogs. Viv sells Viv. Ari sells LAI
Critically assess marketing teams. Are we getting what we pay for? If not make changes.
Critically assess MM. are they truly adding value or just coasting? How about a little accountability?
Set reasonable goals that stretch everyone but give them a chance to earn incentive
Listen to the field.
Walk the talk when it comes to culture. This has the potential to be a great company. It starts with us all too. How can we do better? What can we do to solve the problems and make a positive difference?
That’s a start. Sure others can build upon this. And sure many will disagree but we have nowhere to go but up.
Jim's idea. Along with field expansions, FRMs, and reorganizing health systems and comm ops.
Yup. Big agreement on that statement. Two top biggest Jim R. blunders:His big ideas didn’t really work out so well did they? He was either totally dumb or cane here to deliberately screw us up. Either way he succeeded
Haha hahaYup. Big agreement on that statement. Two top biggest Jim R. blunders:
1. Having Aristada Reps promote Vivitrol (hugely diverted attention from Aristada all for little to no Vivitrol pay off)
2. Bringing in FRM's and adding to hospital team (Neither do anything or have anything to do - my FRM is begging me to get her to do get him something to do but I don't need him and my hospital rep has admitted to me there is nothing for her to do and is looking for anything that will create the illusion she is doing something)
Jim really hurt this company. Ask anyone in the field. Most of his decision were extremely misguided. Sad really.
He fired AK and MS and for that, THANK YOU!Yup. Big agreement on that statement. Two top biggest Jim R. blunders:
1. Having Aristada Reps promote Vivitrol (hugely diverted attention from Aristada all for little to no Vivitrol pay off)
2. Bringing in FRM's and adding to hospital team (Neither do anything or have anything to do - my FRM is begging me to get her to do get him something to do but I don't need him and my hospital rep has admitted to me there is nothing for her to do and is looking for anything that will create the illusion she is doing something)
Jim really hurt this company. Ask anyone in the field. Most of his decision were extremely misguided. Sad really.
Where to start? Let's talk about actually getting Vivitrol to our customers. Sales is doing a great job, but a third of the prescriptions written are not filled, mostly because we rely on a lousy specialty pharmacy network. Instead of trying to fix this by expanding the role of local pharmacies (what some people have called any willing pharmacy) we have doubled down on specialty pharmacies and we're increasing our overhead by hiring all these FRMs. We don't create a system easy for our customers to navigate, instead we hire people to teach our customers about how to navigate the complicated system we use. No wonder the stock is falling like a stone!
Remember when this company was supposed to have a great culture? Ask FF what happened to him when he tried to start a conversation on this issue. He was slapped down hard for having the nerve to talk about a proposal that might lower cost, increase sales, and improve services to our patients. I guess that's too dangerous to even talk about. If that's our new corporate culture we are doomed.
Hmmmmmm. Not sure I agree with all your suggestions.Time to thin the herd, the build out diluted field sales efforts and added exponential operational costs which will continue to adversely impact our EPS and further deflate stock price.
DBL: purge the toxic unproductive field leadership
Hospital sales: cut the planning / mapping and start producing
MM: Top heavy, companies twice our size are effective with half the headcount. Field rides with TBMs to fill a calendar are disruptive and minimize sales efforts
FRM: Novel concept, not applicable in this space and an expenditure that will not Yield dividends.... we are not in oncology.
Time to break through current practices and accelerate marketing to the masses through main stream media for these important medicines.
Yup. Big agreement on that statement. Two top biggest Jim R. blunders:
1. Having Aristada Reps promote Vivitrol (hugely diverted attention from Aristada all for little to no Vivitrol pay off)
2. Bringing in FRM's and adding to hospital team (Neither do anything or have anything to do - my FRM is begging me to get her to do get him something to do but I don't need him and my hospital rep has admitted to me there is nothing for her to do and is looking for anything that will create the illusion she is doing something)
Jim really hurt this company. Ask anyone in the field. Most of his decision were extremely misguided. Sad really.
Shut up Mark!Bring Mark back!