Company culture

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anonymous said:
I’ve been through reorganizations with large companies and with smaller companies, I have always received a severance be it big or little. A severance is not a bonus, and yes they gave people who were fired "severances"..... maybe it would be better if we termed it as hush money.
The WARN period requires companies to give 60 days notice, 60 days from the day this went down would be July 23.
apparently $60 million isn’t enough to pay a severance.......?.

"Alcon sees enough promise in the products to pay $60 million upfront to acquire them. The agreement also positions Kala to receive up to four commercial-based sales milestone payments. The milestones start with a $25 million payday if Eysuvis and Inveltys achieve $50 million or more in aggregate global net sales in a calendar year from 2023 to 2028. Alcon will trigger the top, $160 million milestone if annual sales hit $250 million by 2029. Only one milestone payment will be paid per calendar year.

The near-term benefit for Kala is that the deal extends its cash runway into the second quarter of 2024. Importantly, the runway is now expected to last beyond the release of data from a phase 2/3 clinical trial of KPI-012, a candidate Kala is developing to treat persistent corneal epithelial defect."
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anonymous said:
I don’t think severance is a reward for good work (it’s not a bonus). It’s meant to reduce legal/financial risk for the organization.
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Actually I disagree. I think severance is a reward (in this case) for staying with the sinking ship when the company did a poor job of managing work load and clearly made mistakes. Employees are collateral damage.
 












anonymous said:
Manager call later today to discuss things moving forward. Timelines etc
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The majority of the commercial sales organization will be let go within the next 4-6 weeks. The RSL’s will get 6 months severance and the TM’s will get 4 weeks.

Thanks for visiting the Kalalau Trail and for “Taking the Long Road Together!”
 






anonymous said:
The majority of the commercial sales organization will be let go within the next 4-6 weeks. The RSL’s will get 6 months severance and the TM’s will get 4 weeks.

Thanks for visiting the Kalalau Trail and for “Taking the Long Road Together!”
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4 weeks of severence is laughable, especially for those of us left who have been here from the beginning. What a slap in the face, but I guess we shouldn't be surprised...like the other poster said it would have been better to have been fired, since they gave that out to those they FIRED since the launch of Eysuvis. Remember last year when people were being let go WEEKLY for having a bad month, or quarter. The previous Mauna Kea winners that were fired. This company is trash.
 














































































anonymous said:
Because he's a coward!
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Didn’t you know? Kevan has the golden touch! Where do you think he worked before Kala? Well Kevan AKA Freddy Krueger used to work at Synergy Pharmaceuticals. Beware, wherever he goes nightmares unfold!

Synergy filed for bankruptcy after failing to amend the liquidity and revenue covenants of its loan facility with private lender CRG. Bausch Health has offered $200 million for its assets; other bids may be forthcoming, but shareholders will almost certainly be wiped out.Dec 19, 2018
 






anonymous said:
Didn’t you know? Kevan has the golden touch! Where do you think he worked before Kala? Well Kevan AKA Freddy Krueger used to work at Synergy Pharmaceuticals. Beware, wherever he goes nightmares unfold!

Synergy filed for bankruptcy after failing to amend the liquidity and revenue covenants of its loan facility with private lender CRG. Bausch Health has offered $200 million for its assets; other bids may be forthcoming, but shareholders will almost certainly be wiped out.Dec 19, 2018
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And Mark came from Sepracor. What happened to them? They got acquired and all the employees got canned
 






anonymous said:
Didn’t you know? Kevan has the golden touch! Where do you think he worked before Kala? Well Kevan AKA Freddy Krueger used to work at Synergy Pharmaceuticals. Beware, wherever he goes nightmares unfold!

Synergy filed for bankruptcy after failing to amend the liquidity and revenue covenants of its loan facility with private lender CRG. Bausch Health has offered $200 million for its assets; other bids may be forthcoming, but shareholders will almost certainly be wiped out.Dec 19, 2018
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Same with Mark. Look what happened to Sepracor.
 






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