I guess when you buy another company out for 430 million, reading the content on their website is not part of your due diligence efforts.
http://www.inspirepharm.com/about/leadership.php
Hmm, lets start with Robert Savel, II. Per Inpsire's website:
Prior to joining PDL, Mr. Savel held roles of increasing responsibility at Johnson & Johnson from 1999 to 2007, most recently serving as North America Vice President of Quality and Compliance for the J&J Global Pharmaceutical Sourcing Group. In this capacity, Mr. Savel directed quality and manufacturing compliance for approximately 40 manufacturing, contract manufacturing, or distribution sites for multiple Johnson & Johnson subsidiary companies, including ALZA Corporation, Ortho-McNeil Pharmaceutical, Ortho Biotech and Janssen and served on the North American Pharmaceutical Manufacturing Board. While at Johnson & Johnson, he also held the positions of Vice President of Quality, J&J (ALZA), Senior Director of Manufacturing, J&J (ALZA), Director of Pharmaceutical Manufacturing, J&J (Ortho-McNeil Pharmaceutical) and Director of Semi-Solid Manufacturing, J&J (Ortho-McNeil Pharmaceutical).
I guess reading Business Week is also out of the question too, since J&J has undergone a "few" recalls while Mr. Savel was at the wheel.
http://www.businessweek.com/magazin...4555570.htm?chan=magazine+channel_top+stories
Granted they went through a whole bunch with him out there too, but this would be one of the last guys I would be trusting as Senior Vice President of anything Pharma related. Buying a company tied to this guy is like buying Securities through Bernie Madoff.
http://www.inspirepharm.com/about/leadership.php
Hmm, lets start with Robert Savel, II. Per Inpsire's website:
Prior to joining PDL, Mr. Savel held roles of increasing responsibility at Johnson & Johnson from 1999 to 2007, most recently serving as North America Vice President of Quality and Compliance for the J&J Global Pharmaceutical Sourcing Group. In this capacity, Mr. Savel directed quality and manufacturing compliance for approximately 40 manufacturing, contract manufacturing, or distribution sites for multiple Johnson & Johnson subsidiary companies, including ALZA Corporation, Ortho-McNeil Pharmaceutical, Ortho Biotech and Janssen and served on the North American Pharmaceutical Manufacturing Board. While at Johnson & Johnson, he also held the positions of Vice President of Quality, J&J (ALZA), Senior Director of Manufacturing, J&J (ALZA), Director of Pharmaceutical Manufacturing, J&J (Ortho-McNeil Pharmaceutical) and Director of Semi-Solid Manufacturing, J&J (Ortho-McNeil Pharmaceutical).
I guess reading Business Week is also out of the question too, since J&J has undergone a "few" recalls while Mr. Savel was at the wheel.
http://www.businessweek.com/magazin...4555570.htm?chan=magazine+channel_top+stories
Granted they went through a whole bunch with him out there too, but this would be one of the last guys I would be trusting as Senior Vice President of anything Pharma related. Buying a company tied to this guy is like buying Securities through Bernie Madoff.