Anonymous
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Anonymous
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Not sure but Vanda reported 2Q2011 Fanapt sales were around $7 mil. Don't think that is covering sales/marketing costs.
My former NeuroPsych partner tells me she is absolutely miserable. Maybe I was the lucky one after all!
Same thing happened here in Texas. We had psychs in state hospitals that were board certified child psychs. However, they had taken jobs in state hospitals because of the shortage of general psychs or for whatever reason. The point is, they were treating adult patients in state hospitals 98% of the time. But because the primary board was child, we could not get them validated as customers. Now, you may say, well, you are getting the DDD business. True, but again, some of these sames psychs also worked the outpatient MHMR clinics treating adult patients. So we lost those scripts as well! The NP's and PA's were another major disaster from a validation standpoint, but that has already been noted.
A royal screw up by marketing, Novartis lawyers, etc. Let us call on the correct physicians, the NP's, the PA's, anyone who treats adult schizo ages 18-64. Defend us in court if you have to, but if we are ethically trying to do the right thing, can't your high priced lawyers defend us and win? If you don't think we can win, then why have the high priced lawyers?
Not to worry anymore. I was one of the highest ranked Fanapt reps in the nation. I worked my butt off and was passionate about Fanapt every day! I made a ton of bonus dollars even with the crappy validation system in place. I probably deserved even more bonus when you consider all the scripts I generated that never got tracked because of the validation system. So guess how Novartis rewarded me for all my hard work? I was laid off with 1399 other people.
Don't worry, there is a happy ending! (No giggles!) On Feb. 26 I will get my $40,000 dollar severance package! Plus, I already have a new job lined up! The company that hired me interviewed some of the psychs that I had called on and then decided to pay me an even higher base salary than I was making at Novartis! To top it off, the new territory I will be working is geographically smaller than my old Novartis territory!
Honestly, I am not bitter towards Novartis. I enjoyed working for Novartis, I liked my manager, and I liked my district members, plus I am making out like a bandit anyway. I just think it is so sad that companies don't do the RIGHT THING anymore to support their employees who are really trying.
I should have never been laid off in a million years. But I was. And I am sure an outside consulting firm, a computer, and a lawyer made that decision. But Novartis, YOU let it happen.
Believe me, I am looking for a job right now! Fanapt has never taken off in my territory, I have no idea how I survived the layoff! I also have Exelon Patch, Stalevo, and Comtan. What a dynamite portfolio!
Jefferies Lowers Price Target on Vanda Pharmaceuticals (VNDA), Poor Fanapt Sales cited.
http://www.streetinsider.com/Analys...ticals+(VNDA),+Poor+Fanapt+Sales/6693573.html
Do the math. Scary if your selling this drug. $value of #of scripts in your territory, area, region verse best estimate of salaries, benefitsn, auto, etc. Not to mention up front 200mil. Fanapt is a money pit. Can't continue much longer. s
I heard a rumor that Lisa Pilla was gone? True or not true?
Fanapt is falling flat because Sunovion and Latuda entered the market and is kicking our ASS!
Just shut up and be a FAN! We just are not the FANS we should be. We need to go back to the basics, "Dr. Be a FAN of Fanapt". What could be more compelling? Great reason to start patients on me too product with complicated titration.
Just shut up and be a FAN! We just are not the FANS we should be. We need to go back to the basics, "Dr. Be a FAN of Fanapt". What could be more compelling? Great reason to start patients on me too product with complicated titration.