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Aureon Labs

[/QUOTE]...Aureon will stay in business before being sold or shut down.....[/QUOTE]

They have recently re-initiated conversations with a potential buyer (V......) - there are not many options left

Good luck!
 








I am an MD Urologist in Lawrence, Kansas and I came across this forum after Googling Aureon to research if this test might be of value to my practice.

I must say that I am very concerned at the tone of these posts. It appears that members of the management team are disparaging former employees on this messageboard and vice versa, which is an indicator to me that this company suffers systemic management issues.

One of the posts poses some very legitimate questions about the health and sustainability of this company. Another post refers to the clinical utility of this test, and poses some thought provoking questions.

Aureon seems to be working towards improving the standard of care for prostate cancer, and that is admirable. However, I am hesitant to recommend their test to my patients based on the negative content of this messageboard, questions of company sustainability, and the lack of available objective content, references and additional information besides what is found on their website, or produced marketing videos. I will however be following this company in the next few years to see if the original prognoses that are made are reflective of what actually transpires in patients.

I am posting here because I thought the management team at Aureon might want to know how their company might be perceived.

I wonder if you wait use the same premise before you prescribe any drug to your patients? I mean get real, have you checked out the abbott page or any of the other drug manufacturers? I have to scratch my head to think that a physcian would actually ascribe any weight to the rumors, innuendo's half-truths, etc. on any of these pages! This is after all ENTERTAINMENT! Get real doc. (and sometime some real useful information, it's just like fox news)
 




I wonder if you wait use the same premise before you prescribe any drug to your patients? I mean get real, have you checked out the abbott page or any of the other drug manufacturers? I have to scratch my head to think that a physcian would actually ascribe any weight to the rumors, innuendo's half-truths, etc. on any of these pages! This is after all ENTERTAINMENT! Get real doc. (and sometime some real useful information, it's just like fox news)

The problem with what you wrote is that you are comparing apples to oranges.

When a doctor prescribes a drug to a patient, that drug has undergone prospective clinical trials, with FDA approval.

The Aureon test has no prospective studies.

At the same time, there is an awful lot of negative energy on these boards, which is symptomatic of a management problem. I see that someone either working at Aureon, or who worked at Aureon poses some interesting, thought provoking questions, while the Aureon response seems to be ad hominem attacks, rather than actually addressing the issues that were posed. Do the math on that one.
 




The problem with what you wrote is that you are comparing apples to oranges.

When a doctor prescribes a drug to a patient, that drug has undergone prospective clinical trials, with FDA approval.

The Aureon test has no prospective studies.

At the same time, there is an awful lot of negative energy on these boards, which is symptomatic of a management problem. I see that someone either working at Aureon, or who worked at Aureon poses some interesting, thought provoking questions, while the Aureon response seems to be ad hominem attacks, rather than actually addressing the issues that were posed. Do the math on that one.

Yes, when there's a lack of confidence the attacks begin. Negative energy on the boards and in the company. They are going through a series of layoffs now anyway.
 








Looks like they just hired a new CFO - take notice of the bio (it was just edited to remove the part about how he "positioned his last company for acquisition.")

Current bio:

Mr. Van Nostrand joined Aureon Laboratories in January 2010. Prior to joining Aureon, he served as Executive Vice President and Chief Financial Officer at AGI Dermatics, Inc. Prior to his tenure at AGI Dermatics, Mr. Van Nostrand spent 21 years at OSI Pharmaceuticals, Inc., where he served as Senior Vice President, and Chief Compliance Officer, among other positions. Mr. Van Nostrand remains an active board member for Metabolix, Inc., Achillion Pharmaceuticals, Inc. and is affiliated with numerous organizations including the Association of Biofinance Officers, the New York Biotechnology Association, the Cold Spring Harbor DNA Learning Center Corporate Advisory Board and the Foundation Board of Farmingdale University. Mr. Van Nostrand is a certified public accountant and holds a B.S. in Accounting from Long Island University. He has also completed Advanced Management Studies at The Wharton School.

Old bio:

Mr. Van Nostrand brings to Aureon an extensive background in the financial and strategic management of healthcare companies. Most recently, he served as Executive Vice President and Chief Financial Officer at AGI Dermatics, Inc., where he helped oversee the company's successful acquisition by a Fortune 500 cosmetics company. Prior to his tenure at AGI Dermatics, Mr. Van Nostrand spent 21 years at OSI Pharmaceuticals, Inc., where he served as Senior Vice President, Chief Compliance Officer and Chief Financial Officer, among other positions. Mr. Van Nostrand remains an active board member for Metabolix, Inc., Achillion Pharmaceuticals, Inc. and is affiliated with numerous organizations including the Association of Biofinance Officers and the New York Biotechnology Association. Mr. Van Nostrand will assume responsibility for all financial aspects of the company's activities.

I wonder why they revised that?
 
















I heard from a source in the IHC industry(immunohistochemistry) that Aueron reorganized management and is doing quite well. They plan to have a big exhibit at this year's AUA in San Francisco.
 




How can that be? Their website has at least 8 openings.
They constantly fire old people and hire new ones. As soon as a new boss comes, he fires everybody who was not loyal in the past, or does not show enough loyalty right away.
Some of the positions they announce were open for years. Lots of people are gone within a year of being hired.
 
















Someone let me know ASAP how this company is doing. Is Prostate PX something the urology community is interested in? What has been the reception? Are patients willing to pay for it? If anyone has been successful, what have you done to position PX? I'm serious about this. I have been told this is an exceptional opportunity for the right person and am looking at possibly leaving a good job to take this.
 








As far as I can tell from my investigation, Aureon is a strong company with management excellence, a dedicated staff, national sales force and at least two tests on the market that Urologists continue to order for their patients. Check out their web site at http://www.aureon.com

A NOTE about this Anonymous highly negative, posting about Aureon - I hear this person was fired for repeated lack of performance. Easy to bash once you have been let go.

I hear Aureon was fired by their investors for lack of performance. They have now closed their doors as of October 4th. Sad.