I got an offer, but I hate that this moron is getting to me

[Anonymous]

Hi all, I know that I will likely get some negative comments, but I'm really looking for positives. I was one of the few who received an offer, and have done my research on the risks. However, the moron that keeps posting negative comments is making me wonder. How safe are we, will we be here at least a year or two? please give me some confidence about this job. Thank you.

 

[Anonymous]

Hi all, I know that I will likely get some negative comments, but I'm really looking for positives. I was one of the few who received an offer, and have done my research on the risks. However, the moron that keeps posting negative comments is making me wonder. How safe are we, will we be here at least a year or two? please give me some confidence about this job. Thank you.

bankruptcy in 6 m. i.o.u.'s for paychecks.

 

[Anonymous]

Hi all, I know that I will likely get some negative comments, but I'm really looking for positives. I was one of the few who received an offer, and have done my research on the risks. However, the moron that keeps posting negative comments is making me wonder. How safe are we, will we be here at least a year or two? please give me some confidence about this job. Thank you.

You will do well. Everything is life is a risk, including driving to work. But you do it. Savient has a good product and it is an exciting time. You will realize that the patients and doctors will really appreciate this product. But it will take time. Savient will NOT be bankrupt in 6 months. They have 80 million plus revenue plus can always raise money. They are owned by some renowned investors inclusing Palo Alto Investors; those guys are NEVER wrong. They are known as smart money. Just work hard and do your best, that is all one can do in life. Good luck.

 

[Anonymous]

You will do well. Everything is life is a risk, including driving to work. But you do it. Savient has a good product and it is an exciting time. You will realize that the patients and doctors will really appreciate this product. But it will take time. Savient will NOT be bankrupt in 6 months. They have 80 million plus revenue plus can always raise money. They are owned by some renowned investors inclusing Palo Alto Investors; those guys are NEVER wrong. They are known as smart money. Just work hard and do your best, that is all one can do in life. Good luck.

OMG. This post clearly came from a child loose on their parents laptop!!!! 80 MM is nothing the burn rate is going to run out before you blink and there is no revenue or product worth a shit. "smart money" in Palo Alto tried to do everything possible to get rid of this company and not have to attempt to enter this market with its own sales team and marketing dept. This is the only thing you need to know. Anytime you are viewed as a failed plan "b" their is no longevity or stability and unless you are as desperate as a homeless pan handler one should run very far away from this job.

Spin it anyway you want, these are the facts. There were no partners willing to invest in this gout scheme and the numbers are inflated to show on paper that this is even doable in the short term, that is the plan. Short term churn and burn temp commercial sales operations, all on a short term consultant basis with no chance of survival past 6 months. Either the company is sold, which is doubtful as they were unsuccessful at this in October of 2010, and now are under more debt with the overhead from the manuf. and hiring of sales and marketing resources, or they simply pull back and get rid of the sales unit in its entirety and sell the product under a skeleton presence via telemarketing, internet, and inside acct customer service. These are the facts.

 

[Anonymous]

"Originally Posted by Anonymous
You will do well. Everything is life is a risk, including driving to work. But you do it. Savient has a good product and it is an exciting time. You will realize that the patients and doctors will really appreciate this product. But it will take time. Savient will NOT be bankrupt in 6 months. They have 80 million plus revenue plus can always raise money. They are owned by some renowned investors inclusing Palo Alto Investors; those guys are NEVER wrong. They are known as smart money. Just work hard and do your best, that is all one can do in life. Good luck."

That comment obviously came from one of the dunces who post on the Yahoo svnt message board. Those pitiful souls are desparate and growing more desparate by the day. They have been saying for MONTHS that svnt will be bought out at 40 50 60 or higher. It is a hoot to read their messages and see just how clueless those illinformed, malinformed, misinformed the entire board has become. Secondary to hit soon, stock tanks further, ins only pays a fraction (if that), expenses pile up for svnt, towel gets thrown in in around a year.

 

[Anonymous]

OMG. This post clearly came from a child loose on their parents laptop!!!! 80 MM is nothing the burn rate is going to run out before you blink and there is no revenue or product worth a shit. "smart money" in Palo Alto tried to do everything possible to get rid of this company and not have to attempt to enter this market with its own sales team and marketing dept. This is the only thing you need to know. Anytime you are viewed as a failed plan "b" their is no longevity or stability and unless you are as desperate as a homeless pan handler one should run very far away from this job.

Spin it anyway you want, these are the facts. There were no partners willing to invest in this gout scheme and the numbers are inflated to show on paper that this is even doable in the short term, that is the plan. Short term churn and burn temp commercial sales operations, all on a short term consultant basis with no chance of survival past 6 months. Either the company is sold, which is doubtful as they were unsuccessful at this in October of 2010, and now are under more debt with the overhead from the manuf. and hiring of sales and marketing resources, or they simply pull back and get rid of the sales unit in its entirety and sell the product under a skeleton presence via telemarketing, internet, and inside acct customer service. These are the facts.

Very well said, at least some understand what is going on here, the rest gulp the koolaid in a naive fashion, only to be cattle prodded when the truth leaks out. The risk and struggle of this horse and pony show is well documented. Do your own due diligence.

 

[Anonymous]

OMG. This post clearly came from a child loose on their parents laptop!!!! 80 MM is nothing the burn rate is going to run out before you blink and there is no revenue or product worth a shit.

The company will be able to rasie money on the secondary market. 80 million will not run out in a blink of an eye. The R and D is done. Thank you.

"smart money" in Palo Alto tried to do everything possible to get rid of this company

NO. PA IP have not induced the company to be sold. They are long term holders. Please note the size and date of their entry into the company.

and not have to attempt to enter this market with its own sales team and marketing dept. This is the only thing you need to know. Anytime you are viewed as a failed plan "b" their is no longevity or stability and unless you are as desperate as a homeless pan handler one should run very far away from this job.

You are correct, the company was late in getting sales force together. But this is happening now.

Spin it anyway you want, these are the facts.

No your presented opinions.

There were no partners willing to invest in this gout scheme

You were not party to the negotiations. So you cannot say that with certainity. There were offers, but "too low" compared to stock price of $23 around that time.


and the numbers are inflated to show on paper that this is even doable in the short term, that is the plan.


those numbers are independent research studies. And only show US market.

Short term churn and burn temp commercial sales operations, all on a short term consultant basis with no chance of survival past 6 months. Either the company is sold, which is doubtful as they were unsuccessful at this in October of 2010, and now are under more debt with the

overhead from the manuf.

Manufacturing is outsourced and costs are very low. See the 10K release from last year.


and hiring of sales and marketing resources, or they simply pull back and get rid of the sales unit in its entirety and sell the product under a skeleton presence via telemarketing, internet, and inside acct customer service. These are the facts.

Your opinions are not facts. Sorry things aren't going well for you. Good luck in the future. Burger king is hiring.

 

[Anonymous]

Originally Posted by Anonymous
OMG. This post clearly came from a child loose on their parents laptop!!!! 80 MM is nothing the burn rate is going to run out before you blink and there is no revenue or product worth a shit.

The company will be able to rasie money on the secondary market. 80 million will not run out in a blink of an eye. The R and D is done. Thank you.

"smart money" in Palo Alto tried to do everything possible to get rid of this company

NO. PA IP have not induced the company to be sold. They are long term holders. Please note the size and date of their entry into the company.

and not have to attempt to enter this market with its own sales team and marketing dept. This is the only thing you need to know. Anytime you are viewed as a failed plan "b" their is no longevity or stability and unless you are as desperate as a homeless pan handler one should run very far away from this job.

You are correct, the company was late in getting sales force together. But this is happening now.

Spin it anyway you want, these are the facts.

No your presented opinions.

There were no partners willing to invest in this gout scheme

You were not party to the negotiations. So you cannot say that with certainity. There were offers, but "too low" compared to stock price of $23 around that time.


and the numbers are inflated to show on paper that this is even doable in the short term, that is the plan.


those numbers are independent research studies. And only show US market.

Short term churn and burn temp commercial sales operations, all on a short term consultant basis with no chance of survival past 6 months. Either the company is sold, which is doubtful as they were unsuccessful at this in October of 2010, and now are under more debt with the

overhead from the manuf.

Manufacturing is outsourced and costs are very low. See the 10K release from last year.


and hiring of sales and marketing resources, or they simply pull back and get rid of the sales unit in its entirety and sell the product under a skeleton presence via telemarketing, internet, and inside acct customer service. These are the facts.

Your opinions are not facts. Good luck in the future and hope you find a job soon.

 

[Anonymous]

I currently work for Savient and this poster above who thinks their answers to the claims about the state of business and the antics of this company and failure to find a buyer are laughable.

Listen chump, anyone can take the devil's advocate side like you did, but the original poster above makes points that even Savient will not answer, so certainly you some schmuck investor from yahoo and a paid pumper because you were dumb enough to buy into the stock and company are incorrect. The more you answered the bait, the more you showed your ignorance to the truth. I suggest you do some homework first, then bring supported facts if you want to try and rebut. The undeniable truth is that Savient thought they had a "winner" and THOUGHT they would be an attractive play and buy by a real company. They found out the hard way to much scrutiny that not only is the company a hoax but the gross over estimation of the product itself was exposed as the fraud that it is.

The blanket and generalized statement being made about having insurance contracts signed and negotiated are 100% false. We verified that, and that was not hard to do. The short term aspect of this hurry up and show on a paper a salesforce and put together metric and promotional activity reports to show suiters and investor is the OLDEST TRICK IN THE BOOK, the problem for Savient is that nobody is buying what they are selling and the smoke screen is weak at best. You will see my little pumper, you will see soon enough.

 

[Anonymous]

Originally Posted by Anonymous
OMG. This post clearly came from a child loose on their parents laptop!!!! 80 MM is nothing the burn rate is going to run out before you blink and there is no revenue or product worth a shit.

The company will be able to rasie money on the secondary market. 80 million will not run out in a blink of an eye. The R and D is done. Thank you.

"smart money" in Palo Alto tried to do everything possible to get rid of this company

NO. PA IP have not induced the company to be sold. They are long term holders. Please note the size and date of their entry into the company.

and not have to attempt to enter this market with its own sales team and marketing dept. This is the only thing you need to know. Anytime you are viewed as a failed plan "b" their is no longevity or stability and unless you are as desperate as a homeless pan handler one should run very far away from this job.

You are correct, the company was late in getting sales force together. But this is happening now.

Spin it anyway you want, these are the facts.

No your presented opinions.

There were no partners willing to invest in this gout scheme

You were not party to the negotiations. So you cannot say that with certainity. There were offers, but "too low" compared to stock price of $23 around that time.


and the numbers are inflated to show on paper that this is even doable in the short term, that is the plan.


those numbers are independent research studies. And only show US market.

Short term churn and burn temp commercial sales operations, all on a short term consultant basis with no chance of survival past 6 months. Either the company is sold, which is doubtful as they were unsuccessful at this in October of 2010, and now are under more debt with the

overhead from the manuf.

Manufacturing is outsourced and costs are very low. See the 10K release from last year.


and hiring of sales and marketing resources, or they simply pull back and get rid of the sales unit in its entirety and sell the product under a skeleton presence via telemarketing, internet, and inside acct customer service. These are the facts.

Your opinions are not facts. Good luck in the future and hope you find a job soon.

What you fail to understand is that a lot of us took the job already, but most of what is posted on this board was avoided at all costs by the RBD's doing the interviewing, this all was taboo. If you brought up the failures and instability of this job compared to other successful competitors you were crossed off the list. It is apparent that they were instructed to only hire order takers and temporary contract style CSO type reps for the short launch. I feel like a idiot for not probing with realistic questions and concerns but I have 3 kids and a home that is about to be foreclosed as I was laid off 6 months ago, so I was in no position to bring up obvious concerns, I just need a paycheck. But I fully understand and am not a naive douche box or pom pom cheerleader. I get it, and I would like answers too, but the moment you open your mouth, you are circled and will be targeted and managed out asap. Unfortunately this is the facts and how this mickey mouse show works. Many of us will continue to interview and when a better opportunity is secured, get the hell out of this misleading mess known as Savient. I wish I did not have to be anonymous but I also do not want to lose out on the two week paycheck. There are quite a few here who feel the same way, so cafe pharma is a natural outlet to vent the truth without consequences as many of us know the RBD's who were hired here and their track records and reputations follow them like a bubbling vial of shit.t

 

[Anonymous]

What you fail to understand is that a lot of us took the job already, but most of what is posted on this board was avoided at all costs by the RBD's doing the interviewing, this all was taboo. If you brought up the failures and instability of this job compared to other successful competitors you were crossed off the list. It is apparent that they were instructed to only hire order takers and temporary contract style CSO type reps for the short launch. I feel like a idiot for not probing with realistic questions and concerns but I have 3 kids and a home that is about to be foreclosed as I was laid off 6 months ago, so I was in no position to bring up obvious concerns, I just need a paycheck. But I fully understand and am not a naive douche box or pom pom cheerleader. I get it, and I would like answers too, but the moment you open your mouth, you are circled and will be targeted and managed out asap. Unfortunately this is the facts and how this mickey mouse show works. Many of us will continue to interview and when a better opportunity is secured, get the hell out of this misleading mess known as Savient. I wish I did not have to be anonymous but I also do not want to lose out on the two week paycheck. There are quite a few here who feel the same way, so cafe pharma is a natural outlet to vent the truth without consequences as many of us know the RBD's who were hired here and their track records and reputations follow them like a bubbling vial of shit.t

This is a BS post because you completely identified yourself. If your post was truth, then you are now a candidate to be circled and managed out, as you described self as unemployed, 3 kids, etc. Interview criteria with recruiter was that candidates were already employed. Y

 

[Anonymous]

Hi all, I know that I will likely get some negative comments, but I'm really looking for positives. I was one of the few who received an offer, and have done my research on the risks. However, the moron that keeps posting negative comments is making me wonder. How safe are we, will we be here at least a year or two? please give me some confidence about this job. Thank you.

You should be looking for another job ASAP and here's why, once you get back from your "Launch Meeting" and walk into the Rheum's office they will ask you the following critical questions:
1. Cost of drug
2. Medicare coverage

And don't try to spin any of it because they have been dealing with buy and bill for years and will see right through it! And if you spin any of the above questions I assure you, you will not be allowed back in their office.

They have been dealing with decreasing reimbursements of the last few years and will not fall for any of the spin Savient tries to feed them!

 

[Anonymous]

This is a BS post because you completely identified yourself. If your post was truth, then you are now a candidate to be circled and managed out, as you described self as unemployed, 3 kids, etc. Interview criteria with recruiter was that candidates were already employed. Y

I got an offer and I have been out of work since April of last year, you are dead wrong about that. My ex counterpart at J&J was also hired, and also laid off in August. So your theory is 100% erroneous. I would guess that 50% of the reps they got to take this job were unemployed. No bullshit. That was what they were focusing in on, as they knew they were in the advantage by targeting reps who had to take work and could not bitch about anything as this was a way back on payroll, even if it is a short stint.

 

[Anonymous]

I got an offer and I have been out of work since April of last year, you are dead wrong about that. My ex counterpart at J&J was also hired, and also laid off in August. So your theory is 100% erroneous. I would guess that 50% of the reps they got to take this job were unemployed. No bullshit. That was what they were focusing in on, as they knew they were in the advantage by targeting reps who had to take work and could not bitch about anything as this was a way back on payroll, even if it is a short stint.

Why think this is a short stint ?

 

[Anonymous]

Why think this is a short stint ?

Why a short stint? see below:

"You should be looking for another job ASAP and here's why, once you get back from your "Launch Meeting" and walk into the Rheum's office they will ask you the following critical questions:
1. Cost of drug
2. Medicare coverage


Savient has no way to spin this or tell the doc what they want to hear, unless they generalize and lie......hmmm, would a savient rep do such a thing.....ahahhahahha

 

[Anonymous]

Why a short stint? see below:

"You should be looking for another job ASAP and here's why, once you get back from your "Launch Meeting" and walk into the Rheum's office they will ask you the following critical questions:
1. Cost of drug
2. Medicare coverage


Savient has no way to spin this or tell the doc what they want to hear, unless they generalize and lie......hmmm, would a savient rep do such a thing.....ahahhahahha

they hired the right group

 

[Anonymous]

they hired the right group

I don't follow. How do you mean. ?

 

[Anonymous]

Hi all, I know that I will likely get some negative comments, but I'm really looking for positives. I was one of the few who received an offer, and have done my research on the risks. However, the moron that keeps posting negative comments is making me wonder. How safe are we, will we be here at least a year or two? please give me some confidence about this job. Thank you.

I took the position and started on Monday. Here are the 4 primary outcomes I decided that could occur: 1) Savient gets bought out by a bigger company with a strong and deeper pipeline of other products (opportunity!), 2) Savient goes bankrupt (I've worked for a company which went through bk and it was not a terrible experience), 3) the sales team blows this product out of the water and Savient is incredibly successful, 4) an investor saves Savient (opportunity!).

With the 6 months of cash flow left, I decided to hand my hat with Savient as I wanted to have the experience of a product launch, have less micromanagement with no MATRIX overlay, and if one of the above options occurs, I've got 6000 shares of ownership in this company (for free) which may turn into something big! Is there risk? Of course, but no one has a crystal ball, and if the 60 reps hired do their best work everyday and we come together as a team and blow out the #s, I'm hoping we will all be celebrating our success.

In the meantime, I'm using this 6 month window as a time to invest in other business ventures/franchises, create a partnership, and diversify so that if this opportunity folds then I have another self-created company to jump on to. My goal is to keep Savient as my primary job, and be a silent partner in my S-Corp until...

 

[Anonymous]

I took the position and started on Monday. Here are the 4 primary outcomes I decided that could occur: 1) Savient gets bought out by a bigger company with a strong and deeper pipeline of other products (opportunity!), 2) Savient goes bankrupt (I've worked for a company which went through bk and it was not a terrible experience), 3) the sales team blows this product out of the water and Savient is incredibly successful, 4) an investor saves Savient (opportunity!).

With the 6 months of cash flow left, I decided to hand my hat with Savient as I wanted to have the experience of a product launch, have less micromanagement with no MATRIX overlay, and if one of the above options occurs, I've got 6000 shares of ownership in this company (for free) which may turn into something big! Is there risk? Of course, but no one has a crystal ball, and if the 60 reps hired do their best work everyday and we come together as a team and blow out the #s, I'm hoping we will all be celebrating our success.

In the meantime, I'm using this 6 month window as a time to invest in other business ventures/franchises, create a partnership, and diversify so that if this opportunity folds then I have another self-created company to jump on to. My goal is to keep Savient as my primary job, and be a silent partner in my S-Corp until...

i wouldn't want you on my team. i hope your post is bullshit and you were not actually hired.

 

[Anonymous]

i wouldn't want you on my team. i hope your post is bullshit and you were not actually hired.

I happen to agree with the poster, and not you! In today's economy, it doesn't make sense to play all of your cards with one option or company. A company will slice you off their payroll in a heartbeat. There are plenty of VPs in pharma who also own franchises on the side, like Subway, which don't compete with the company in anyway. I bet if you did a poll on how many people had their own LLCs or S-corps on the side, it would be astounding!

You, as a self-proclaimed manager, must be ignorant and not very business savvy. I wouldn't WANT to be on YOUR team! This person shows that he/she wants to be successful and is creating their own future -- not continuing to be a slave to a company.