38 days until the end-need sr. leadership input

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I don't know about contingency plans. I think at this point you have to assume the bare minimum. Maybe 90 days severance and payout for your unused vacation, and benefits carried out that long. And to get the severance, you'll have to sign away your rights to sue REGN.
 






anonymous said:
This is an epic fuckup by Regeneron that will be studied for years in any classroom dealing with any-trust- patents, Harvard Business Review. Nice legacy Len!! How does it feel to lose 80 million in one day?? Or to know a slew of reps will be out of a job.
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I get your point. You give REGN too much credit. HBRs typically include some type of profound idea, methodology, etc. This is a blatantly obvious FUCK - UP!
 






Instead of HBR, the lesson plan printed on the back of a cereal box at a community college will say, "Drug are bad, wash hands before every meal, patents should be taken seriously".

- Regeneron Leadership Team's lessons learned
 
























anonymous said:
You get a certain amount for each Rx converted. If your share is >75% in territory, you get a kicker. Kicker doubles each 5% to 100%. Top 10% of reps get their final kicker award tripled.
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Amgen believes Praluent is carbon copy of Repatha with a slightly different dosing that is not clinically different. That's why they aren't settling. They believe all those patients can be converted without any detriment. They feel it's like switching Pepsi to Coke. They want Praluent off market. They are running a contest with aggressive kickers to do one thing: The less patients are on Praluent by the appeals time, they less Regeneron/Sanofi claim of public good to keep the drug on market. With fewer patients on drug, the claim is severely weakened.

If your Amgen rep isn't saying this to you, it's because they don't want you to feel worse than you already are. They will aggressively try and convince your physicians with scare tactics to not only put new patients on Repatha but that safe thing to do is to switch your current ones now.
 






anonymous said:
Amgen believes Praluent is carbon copy of Repatha with a slightly different dosing that is not clinically different. That's why they aren't settling. They believe all those patients can be converted without any detriment. They feel it's like switching Pepsi to Coke. They want Praluent off market. They are running a contest with aggressive kickers to do one thing: The less patients are on Praluent by the appeals time, they less Regeneron/Sanofi claim of public good to keep the drug on market. With fewer patients on drug, the claim is severely weakened.

If your Amgen rep isn't saying this to you, it's because they don't want you to feel worse than you already are. They will aggressively try and convince your physicians with scare tactics to not only put new patients on Repatha but that safe thing to do is to switch your current ones now.
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Amgen is on a power play and they are pulling the goalie and lining up their best players.

Regardless of the outcome, they are going aggressive at this moment to sink Praluent. You losing your job is your senior managements' fault, not theirs.

The fact they are waiting to ACC 2017 in March to release outcomes data means that it likely isn't great. So to make the most out of this, they are going to make up for it by capturing the whole market. That's positive for their shareholders.
 






Why the fuck does the OP think Amgen cares about whether Regeneron reps have a job or not? They fire their own yearly and don't give a fuck in the name of shareholder value. The blame here is us being naive and management hiding and misleading us. The onus is on them. Amgen has every right to fuck us.
 












OP here. While this is an awful situation that we were put in, not of our individual own accord, I still really like REGN, and would like to find either a way to stay, or a way to come back in. I would never go to work for AMGN, so having a non-compete is stupid. AMGN is big pharma all the way.
 












anonymous said:
OP here. While this is an awful situation that we were put in, not of our individual own accord, I still really like REGN, and would like to find either a way to stay, or a way to come back in. I would never go to work for AMGN, so having a non-compete is stupid. AMGN is big pharma all the way.
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Why do you think Amgen cares about how you love Regeneron? They don't care. You will be fired like the rest of us.
 






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