No she did not. Also, Phathom does not have "districts."My manager told his entire district to start applying for other jobs. This place is not going to exist the full year of 2025 before it goes bankrupt.
Kudos to this manager for looking out for their team.
Shame on the managers that don’t stand up for who they hired
First of all yes HE did. Secondly, I’ve been in Pharma for a coons age and we always say “district”. I still say it! This is the only place that calls “districts” “regions”!No she did not. Also, Phathom does not have "districts."
Yes HE did! And this is the only place that calls a “district” a “region”. Because then what do you call a region? So yes us old farts still say district !No she did not. Also, Phathom does not have "districts."
Our manager actually tells some of us everything. At least we aren’t completely in the dark.How do you know your manager is interviewing? I call bullshit.
Why do you all find any of this surprising??? Look at the health of this company. The out of the blue PIPs, budget cuts 3 months into launch, firing VP of sales less than a year into launch, the stock price, the orange book issue.
I agree. But then there’s the stock, orange book, PIPS, and lack of culture, no cash left.I really want Phathom to work out. Great drug, should be successful….but firing Joe 1 year into it…doesn’t lead you to much confidence
Yeah think thru Phathoms options:I agree. But then there’s the stock, orange book, PIPS, and lack of culture, no cash left.
Hate to say but the writing is on the wall.
I tend to agree. If they turned all speaker dinner meetings into lunches we could save at least $ 4 million alone. Only staff mostly anyway!!Yeah think thru Phathoms options:
- sell the company: but no buyers w stock & orange book
- stay as is: they can’t afford it. Cash runway is out late 2025
- cut expenditures: however that typically cuts
sales budgets = lower sales concern
-orange book= over 90% citizens petitions are ruled NOT in favor of drug company
There’s just nothing left
THIS! YepThis has to happen today survive
Fire CEO
Fire Martin
Cut down to 100 reps nationwide
Stop dinner programs immediately
Possibly file bankruptcy to payoff some debt
They have an option to pull another 150 million if need be so that would help.
Basically start over!!
Find a knowledgeable upper management that has experience with drugs that compete with generic market.
if this doesn’t happen we will all be gone by NOVEMBER
Agree 100%! I am shocked the BOD does not see the writing on the wall. I would also like to add eliminate Blink. Our drug is 3rd fiddle to all these bigger companies drugs . So ours gets pushed back on getting filled. Patients are pissed on how long it takes to get it.This has to happen today survive
Fire CEO
Fire Martin
Cut down to 100 reps nationwide
Stop dinner programs immediately
Possibly file bankruptcy to payoff some debt
They have an option to pull another 150 million if need be so that would help.
Basically start over!!
Find a knowledgeable upper management that has experience with drugs that compete with generic market.
if this doesn’t happen we will all be gone by NOVEMBER
Cut the entire sales staff. Hire contract reps for less than half price. They have no 401k, benefits, or cars. Get the rock bottom cheapest staff you can find. With this drug being a me too drug with a simplistic mechanism of action a high school graduate could sell it.I tend to agree. If they turned all speaker dinner meetings into lunches we could save at least $ 4 million alone. Only staff mostly anyway!!
Ha ha just wait til you lose all your money because you are gonna get CUT big timeCut the entire sales staff. Hire contract reps for less than half price. They have no 401k, benefits, or cars. Get the rock bottom cheapest staff you can find. With this drug being a me too drug with a simplistic mechanism of action a high school graduate could sell it.
Stock hits $1 and product is sold off to TEVA if you fire CEO. Phathom no longer exists.This has to happen today survive
Fire CEO
Fire Martin
Cut down to 100 reps nationwide
Stop dinner programs immediately
Possibly file bankruptcy to payoff some debt
They have an option to pull another 150 million if need be so that would help.
Basically start over!!
Find a knowledgeable upper management that has experience with drugs that compete with generic market.
if this doesn’t happen we will all be gone by NOVEMBER
