Good Luck

As we await our fate, it’s obvious the leadership team is beginning to self destruct. People do desperate things when confined to small spaces in order to survive. This place is about to get really small…not the small company feel we thought we were getting into. The backstabbing between sales leaders, area directors and everyone up the chain will be the end of this experiment. There will always be plenty of kool-aid for those pretending they like the taste of it.
 




There have been a few wins at regional hospitals but no large systems. They made sure to sell this to the board to hold off a larger cut. Prepare for a second round of the downsizing after this one coming up. These people are relying on you feeling like a lucky chosen one if you make it through this round. It will just be more of the same just on a smaller scale until they can sell it off.
The unfortunate ones will be targeted for layoff this round. The really unfortunate ones won't be.
 












Now that the first wave of downsizing has occurred, we can sit back and watch anyone retained leave for the job they interviewed for over the past several weeks. This place is so top heavy with ”leadership” it will be unable to get out of its own way.
 




Hopefully Exton and/or Garner will take Wade's hands off the strategic steering wheel. He screwed the launch and will most likely do it again with TD1 unless someone intervenes. He doesn't know the first thing about commercializing a drug.
 








As the reps currently retaining their jobs tap out for better offers over the next couple of weeks, it will be interesting to see if the terminated reps receive an offer to return. Management is in a full-blown panic showing the geography to reps trying to get them to stay, and swearing them to secrecy that they revealed the territory. If it wasn't so pathetic it would be hysterical!
 












I hope they learned from their mistakes
“…Jeffrey L. Wade, the president and chief operating officer of the company, will be leaving his position on September 30, 2024. He will receive a year’s salary continuation, a substantial lump sum, and COBRA payments for health benefits, along with executive outplacement services. Additionally, he’s signed a consulting agreement for eight months post-termination at a monthly fee. Following Wade’s departure, Kristen L. Alexander, with extensive experience in finance and accounting, will step in as the principal financial officer.
For an in-depth examination of LXRX stock, go to TipRanks’ Stock Analysis page.”
 




How many people that were retained have left?
Slow but steady trickle of people leaving. As more continue to interview that number will grow. The only ones not leaving or interviewing are the ones that no one will hire. The west director is pathetic, he can’t run a meeting or even create a PowerPoint by himself. How and why was he retained?