I've gone back and forth with a hiring manager recently. Kinda feels like they posturing -- going through the motions to show they are making efforts to build a sales organization around Xtampza, but in the background they are shopping the company around to sell it to another pain focused pharma (i.e. Purdue, Endo, Teva, Depomed).
Anyone else get this feeling going through this hiring process?
Very much so! Kinda strange! It's been one thing after another! I've been talking withe recruiter or hiring manager since the first week in December!I've gone back and forth with a hiring manager recently. Kinda feels like they posturing -- going through the motions to show they are making efforts to build a sales organization around Xtampza, but in the background they are shopping the company around to sell it to another pain focused pharma (i.e. Purdue, Endo, Teva, Depomed).
Anyone else get this feeling going through this hiring process?
Where is that notion coming from that the company will be sold? I was in Chicago, got an offer and haven't gotten that vibe AT ALL!
It's a start up. Risk and perceived instability are just part of the deal and much of this commercial scale up is being done on the fly and probably on the cheap. But don't kid yourself. Senior management is most definitely crunching the numbers a few more times before they pull the trigger on committing to a large number of reps in the field. Could very well be scaling this back a bit. Always easier to ramp up than ramp down.One sales trainer and we were told at the town hall meeting before interviews that those that came on board first would fill in to do the need to do items. They aren't hiring an internal team at all. I am not resigning from my job. I'm just playing the game. Not sure what to do when the deadline comes. Not stable at all….
Understandable. Perhaps I am looking into the feeling that i got WAY too much.
Nonetheless, sounds like a great opportunity. Congrats!
It's a start up. Risk and perceived instability are just part of the deal and much of this commercial scale up is being done on the fly and probably on the cheap. But don't kid yourself. Senior management is most definitely crunching the numbers a few more times before they pull the trigger on committing to a large number of reps in the field. Could very well be scaling this back a bit. Always easier to ramp up than ramp down.
Startups are a rare thing these days and often=opportunity, career growth, stock options, and the ability to be known/recognized by everyone in the company. 12,000 applicants, 50 hired in Chicago. If you can embrace change and want opportunity then this might be the place.
Well said! Please tell me about the Chicago interviews. I plan to interview the first week of April. Thank you.Startups are a rare thing these days and often=opportunity, career growth, stock options, and the ability to be known/recognized by everyone in the company. 12,000 applicants, 50 hired in Chicago. If you can embrace change and want opportunity then this might be the place.
Well said! Please tell me about the Chicago interviews. I plan to interview the first week of April. Thank you.
Thank youInterviews were pretty pressure free in my opinion. Everyone was friendly, typical STAR questions you would expect in this industry, interview with 2 individuals then your manager. You'll hear back in a week. You may be going up against one other person interviewing for the same territory.
Startups are a rare thing these days and often=opportunity, career growth, stock options, and the ability to be known/recognized by everyone in the company. 12,000 applicants, 50 hired in Chicago. If you can embrace change and want opportunity then this might be the place.
There wasn't 12k applicants who applied for this job...unless you are counting those that don't have pharma experience without a job. The recruiters have been in a panic to try and get people to come on board. Most people who take the risk to join this company are doing just that. It may pay off big...but it is a risk. Only have 1 product that is in a very competitive market. If you haven't sold a scheduled product then its a whole different animal. Weigh out all options, but be realistic about the opportunity. They could hire top talent if they would be willing to pay a higher salary and offer better benefits. That's the reason it has taken over 5-6 months just to possibly fill some territories. Then the dates have been pushed back due to legal constraints over patent infringement and litigation. The only thing I would say is that you need to be open to embracing change like OP stated...bc the first year will be very tough in launch mode with managed markets/access/cost. Personally, this wasn't a good fit for me and I turned down the offer, but the reward may just outweigh all the risks if stock rises and product does well. Good luck to all and God Bless!
Any feedback is appreciated on the number of stock options to be requested for signing, Institutional position. Thanks.
