Yup - just one short year ago he joined. Lets look at what has happened in that year:
* Revenue at pace with previous guidance (e.g. no particular impact)
* Forward guidance below street expectations
* No new assets yet for the pipeline
* Laid off 20% of workforce, another 10-15% attrition
* Moving to Boston with much higher costs and pay back $25M to CT and New Haven
* Misery in the culture and no plans yet released to turn it around
* gMG approved and 1210 first results completed on timelines established by prior mgmt (and stock drops after both)
* Luddy gets over 131,000 shares, and the EC as a group over 346,000.
* ALXN down 6% while IBB up over 10% during last 12 months.
Well played, Luddy - YOU DA MAN!!!!
Elliott - are you paying attention????
* Revenue at pace with previous guidance (e.g. no particular impact)
* Forward guidance below street expectations
* No new assets yet for the pipeline
* Laid off 20% of workforce, another 10-15% attrition
* Moving to Boston with much higher costs and pay back $25M to CT and New Haven
* Misery in the culture and no plans yet released to turn it around
* gMG approved and 1210 first results completed on timelines established by prior mgmt (and stock drops after both)
* Luddy gets over 131,000 shares, and the EC as a group over 346,000.
* ALXN down 6% while IBB up over 10% during last 12 months.
Well played, Luddy - YOU DA MAN!!!!
Elliott - are you paying attention????