The New Bacterial Threat

For the past decade or more multiple drug resistant strains of bacteria such as methicillin resistant Staphylococcus aureus (MRSA), enterococci and other Gram positive cocci have been highlighted and showcased in the medical and lay press. While the incidence of infections caused by MRSA and other Gram positive cocci has steadily risen, antibacterial drug discovery experts have long known that the greatest disease threat in the future will be from emerging multiple antibiotic resistant strains of Gram negative bacteria including Acinetobacter baumannii, Klebsiella pneumoniae, Serratia marcescens and Pseudomonas aeruginosa.

Last Spring, in an interview that I conducted with Barry Eisenstein, MD, Senior Vice President of Scientific Affairs at Cubist Pharmaceuticals and an antibacterial drug discovery expert, he indicated that there are currently no drugs in development to treat infections caused by antibiotic resistant Gram negative bacteria. He warned that this, coupled with the loss of interest in antibiotic development by large pharmaceutical companies, will cause infections caused by multiple drug resistant Gram negative bacteria to become a serious unmet medical need in the not so distant future. The appearance of an article in the New York Times this past Saturday chronicling the rise of infections caused by antibiotic resistant Gram negative bacterial suggests that the not so distant future may have already arrived! For the record: would newspaper and television reporters please refrain from identifying bacteria as “germs.” It is an anachronistic term which was coined in the 19th century before bacteria and viruses were conclusively identified as the cause of most infectious diseases.

Despite the media hype about antibiotic resistant Gram positive bacteria, a variety of new drugs have been developed to treat infections caused by these bacteria. Interestingly, because of greater public awareness about MRSA infections and improved hospital infection control and surveillance programs, the incidence of disease caused by MRSA and other Gram positive bacteria is finally beginning to wane. Unfortunately, the same is not true for infections caused by antibiotic resistance Gram negative bacteria.

For those of you who may not know, the cell wall architecture of Gram negative bacteria (and a multitude of antibiotic resistance mechanisms) makes it much more difficult and costly to develop new antibiotics to treat Gram negative infections. Consequently, research in this area has been largely ignored for the past 15 years or so. This means that in the future the morbidity and mortality associated with infections caused by antibiotic resistant Gram negative bacteria is certain to rise. With this in mind, persons at the greatest risk of developing these infections include patients in hospitals and long term care facilities and individuals receiving implantable medical devices.

Because most large pharmaceutical companies abandoned antibiotic drug discovery in the mid to late 1990s, it is unlikely that new Gram negative antibiotics will come from the pharmaceutical sector. While there are several small biopharmaceutical start ups working on antibiotics for Gram negative bacteria (KaloBios Pharmaceuticals, Calixa Therapeutics and Novexel) the increasing regulatory scrutiny and rising development costs suggests that these companies may have trouble bringing new antibiotics to market. Sadly, this places the onus of new Gram negative antibiotic discovery squarely on the shoulders of the US government. To that end, as much as it pains me to say this, it will likely take the death of government official or family member before sufficient resources are allocated to address this rapidly growing unmet medical need. Maybe the Obama Administration ought to think about allocating stimulus monies to begin to address the problem!

Until next time...

Good Luck and Good Job Hunting!!!!!!!

 

Looking for a Postdoctoral Position? Check Out the Top 40 List

While I don’t advocate postdoctoral positions for individuals unless they plan on doing bench science for the rest of their lives, postdoctoral training is a fact of life for those interested in pursuing academic careers. To that end, The Scientist.com conducts an annual survey that ranks the best 40 places for postdoctoral associates to work. The survey ranks the strengths and weaknesses of individual training institutions based on funding, facilities and infrastructure, benefits, training and mentoring and family and personal life. Surprisingly, institutions are also ranked on networking, career development and mentoring and training and mentor and training that they offer to their postdoctoral trainees.

The institution that snagged the top spot on the 2010 list was the Trudeau Institute in Saranac Lake, NY. Nestled in the Adirondack Mountains in Upstate NY, the not-for-profit Trudeau Institute has a deserved international reputation in immunology, infectious diseases and vaccinology. When I was a graduate students (back in the dark ages), some of the greatest minds in infectious diseases held positions at Trudeau. These days; not so much—but I bet the skiing is great! Interestingly, one of Trudeau’s strengths is networking opportunities (how much networking can take place at a secluded institute on a lake in the Adirondacks). Curiously, however, one of its major weaknesses is the lack of career development opportunities. Based on my life experiences, I always thought that networking was a crucial part of career development. But then again, what do I know?

The top 10 of the list featured a couple of Massachusetts-based institutions including the Whitehead Institute for Biomedical Research (3) and the Novartis Institute for Biomedical Research Institute in Cambridge (4) and Woods Hole Oceanographic Institute in Woods Hole, MA (9). Two national laboratories, Sandia National Laboratories, Livermore, CA (8) and Rocky Mountain Laboratory, NIH Hamilton, MT (6) cracked the top ten. By all accounts, the fly fishing is outstanding in Hamilton.

As usual, there were some surprises. These included Samuel Robert Noble Foundation (2) in Ardmore, OK, the University of Colorado, Denver (7) and the Mayo Clinic (10) in Rochester, MN (not exactly cities on my top ten list). Not surprisingly, there were only two life sciences companies that made the Top 40 list; Genentech (5) in South San Francisco and as mentioned above at number 3, the Novartis Institute for Biomedical Research. Once a mainstay, industrial postdocs are becoming increasingly scare and difficult to land. In many cases, these positions are not advertised and generally filled by word-of-mouth recommendations to principal investigators who are looking for postdoctoral fellows.

A quick perusal of the list revealed, as expected, that most of the 40 institutions excelled in categories that included funding, facilities and infrastructure, benefits and family and personal life. In marked contrast, many of the institutions on the list were disappointingly weak in the areas of networking, career development and training and mentoring. Of the top 40, six got kudos for networking (15%), 11 for career development (28%) and only 6 for training and mentoring (15%). These abysmal statistics are somewhat shocking given that postdoctoral fellowships are mainly intended to train and prepare aspiring individuals for lifelong careers as scientists. The fact that only 25% of the nation’s best places to perform postdoctoral research offer career development training and support for postdoctoral trainees suggests that the future of the American life sciences industry may be in serious jeopardy!

Hat tip Ed at Pharmalot.

Until next time....

Good Luck and Good Job Hunting!!!!!!!

 

Economic Recovery: US Contract Biomanufacturing Companies Are Experiencing an Upswing

For the past decade or more, small to mid-sized biotechnology companies had been outsourcing production of their preclinical and clinical protein-based products to Asian contract manufacturing organizations (CMOs). This was because manufacturing and labor costs were lower and product quality was consistent with Western standards and requirements. However, the recent economic down turn coupled with rising prices at Asian CMOs (mainly driven by increasing labor and project management costs) has forced many small to mid-sized companies to rely again on American CMOs to manufacture their products. Unlike cash-rich, larger companies, US small to midsize companies generally lack the financial resources and personnel to effectively manage operations in Asia. Many industry analysts contend that the lower initial costs of Asia-based companies are usually offset by the money and resources need to oversee a project.

While business returning from Asia improved the financial outlook for some American CMOs, 2009 was a bad year for most firms that service small to mid-sized pharma and biotech companies. However, industry analysts expect 2010 to be better than 2009. More importantly, the return of biomanufacturing to the US may signal the beginning of a new trend in the biomanufacturing outsourcing industry.

Until next time....

Good Luck and Good Job Hunting!!!!!!!!!!

 

Spurring Innovation

American competitiveness in engineering, technology and science. Unfortunately, while American competitiveness and innovation in these areas continues to wane, little has been done (except talking) about it! Yesterday, Intel and 24 venture capital funds announced that they plan to invest $3.5 billion in American startups and early stage ventures over the next two years. Further, in addition, several of America’s leading technology companies including Google, Cisco Systems, Intel Microsoft and 13 others pledged to add as many as 10,500 jobs into 2010—mainly by hiring Americans graduating from colleges with degrees in computer science and engineering.

The initiative, named the Invest in America Alliance was formed in response to “steadily declining long-term investments in education, technology and human capital” that has been taking place in the US for past 20 years or more. Put simply, the American education system is not training enough qualified individuals to allow the US to compete with other emerging technology and engineering powerhouses that include China, India Finland, Korea and the Netherlands. 

According to Robert Compton, a venture capitalist, entrepreneur and education enthusiast “Fewer than 10 percent of college graduates in the US have engineering degrees, compared with more than one-third in India and China and more foreign-born graduates of US universities are returning to their home countries.” For those of you with degrees in math and science (and you base your calculations on population size), the magnitude of the problem (for Americans anyway) is glaringly obvious. Compton went on to say what many others have been thinking for a while, “Early indicators are that we are not the center of innovation anymore. It is shifting to the East.” And he may be right! Based on surveys conducted by the World Intellectual Property Organization in the last year, patent filings increased 30 percent in China while declining 11 percent in the US.

While the Invest in America Alliance appears to be a great public relations opportunity for the companies and venture firms that are participating in it, its critics doubt whether investing more money in technology startups is going to fix the ongoing problem. Education analysts contend that a better and cheaper solution may be changing US immigration laws so that foreign students who train in the US are allowed to remain in the country after they complete their training. Other naysayers contend that most of the venture money committed by the alliance would have likely gone to American startups anyway (US based venture firms already invest 70 percent of their money in American start ups) and that 10,500 new jobs isn’t enough to make a dent in the US unemployment rolls.

Like the technology industry, a decade of wrong-head immigration policies coupled with a waning American interest in science has begun to jeopardize the US dominance in the life sciences. Further these trends are largely responsible for the massive layoffs and unrelenting outsourcing of pharmaceutical R&D jobs to foreign countries.

Toothless or not, the Invest in America Alliance shows that engineering and technology industry leaders are willing to cooperate with one another and get behind an initiative that raises public awareness about America’s waning competitiveness in these fields. Perhaps,   pharmaceutical, biotechnology and medical devices and diagnostic companies ought to take a page out of the Alliance’s play book to similarly insure the future innovation and competitiveness of the American life sciences industry.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!

 

Web Tools for Entrepreneurs and Business-Leaning Life Scientists

As the competition for traditional life sciences jobs continues to intensify, many PhD-trained life scientists are looking for alternate career opportunities. One of the most popular and intriguing options is business—mostly because each of us more than likely knows somebody “who hit it big” by starting a biotechnology or life science-related company. While the entrepreneurial life isn’t for everyone, those intrepid individuals who are willing to give it a shot and possibly be successful ought to be aware of a few basic tools that will make life as an entrepreneur slightly less stressful. To that end, Emma Taylor over at Accredited Online Colleges sent me a blog post that lists 100 web tools that may be valuable to budding entrepreneurs and business-oriented life scientists.

Author Note: The list is a very valuable one; I am using several of the tools on the list that I had previously never heard about! So, here goes: 

Organization

Keep your studies, ideas and research organized with these helpful online tools.

  1. Google Reader: Instead of visiting every blog you read, why not organize them all on this easy-to-use RSS reader?
  2. Backpack: Keep your notes, contacts, information and just about everything else for class or business organized with this tool.
  3. Stickies: This application makes it simple to make notes to yourself right on the web.
  4. Bla-Bla List: Try out this to-do list application for no frills tracking of all the things you need to get done.
  5. Mindomo: This web tool is great for laying out your thoughts for anything from business endeavors to class projects.
  6. FreeMind: Use this free mind-mapping software to figure out where you want to go with an idea.
  7. bubbl.us: This web application is perfect for brainstorming your next big project.
  8. iOrganize: Mac users can try out this application, designed to keep notes and important information centrally located and easy to find.
  9. Zoho Planner: Give this free planner a try. It’ll let you create and share to-dos, notes, contacts, images and more.
  10. Clipmarks: Those who do a lot of web research or just like to browse can save interesting links for future reference using this tool

Scheduling

Make sure you never miss a meeting, test or networking opportunity by using these scheduling apps.

  1. Google Calendar: Google’s calendar is easy-to-use and will let you organize all your important work, school and social events.
  2. Cozi: This calendar tracks everything from sports meets to shopping lists.
  3. Keep and Share: If you often work with others on projects or extracurricular activities, this calendar-sharing app could be right up your alley.
  4. Spongecell: With this application you can create and customize your calendar and share it with others when you choose.
  5. Doodle: This personalized scheduling app will help you arrive on time and prepared for the events in your life.
  6. StudyRails: Plan out your study time and know when important due dates are coming up with this application.
  7. 30 Boxes: Use this tool to keep track of all the things, both big and small, going on in your life.
  8. SlimTimer: Track how long you’re working on a project, create to-dos and generally manage your time more wisely with this application.
  9. WhichTime: This calendar makes it incredibly simple to keep track of where you’re supposed to be and when.
  10. Jotlet: Quickly jot down appointments and important due dates using this calendar app. 

Networking and Marketing

Use these web tools to get your name out there, make connections and make the most of the millions of potential investors and employers using the web.

  1. Facebook: You can do a whole lot more with Facebook than just keep track of your old friends. Create a networking profile and get your name known.
  2. Twitter: Creating a Twitter account can be a great way to share updates about your business, school or your ideas.
  3. LinkedIn: Take advantage of this networking tool to get in touch with the thousands of other businesspeople online in your field.
  4. Elance: Using this tool you can make connections and even find some freelance work.
  5. iMantri: If you’re in search of a mentor in your industry, don’t pass up this excellent site for pairing young professionals with mentors.
  6. Company of Friends: One of the earliest business social networks, this site still offers a great number of professional contacts for those who are willing to search for them.
  7. Ecademy: Meet people, blog and join professional groups on this business networking site.
  8. Media Bistro: This site makes it easier to meet and talk with people in the content generation business, great for promoting your business or for making contacts.
  9. Jigsaw: Link your budding business up with others through this large B2B network.
  10. Meetup: Through this site you’ll be able to find business meetups, events and more in your area. 

Staying Connected

Talk to business partners, clients, friends and colleagues using these great online tools.

  1. Gmail: Of the free email services out there, most would agree that Gmail is far and away the best choice. Better yet, you can link it up with a calendar, RSS reader and more.
  2. Google Voice: This online service allows you to get your voice messages no matter where you are and to consolidate your phone numbers.
  3. Campfire: Collaborate with others on school and work projects using this site.
  4. FaxZERO: Fax machines may be outdated, but in your business you’ll likely encounter someone who wants something faxed to them. That’s where this service comes in handy.
  5. K7: On the flipside, this service allows you to receive fax messages even if you don’t have a fax machine.
  6. LogMeIn: If you can’t always take your computer with you where ever you go, it’s not a problem with this service that lets you log onto your desktop from anywhere.
  7. Highrise: This web tool makes it simple to keep track of your professional contacts, perfect for helping you find work or drum up business.
  8. Wufoo: One way to generate a better product is by asking customers what they think. This site helps you do that simply and easily.
  9. Wordpress: What better way to get your business out there and stay connected with the world than by creating a blog? Get a free site here.
  10. Meebo: Chat with people on all chat platforms using this one easy tool.

Research

Whether you’re doing research for a class or for your own ideas or ventures, these tools can help.

  1. BNET: Get access to this site’s business library and news to stay on top of what is going on in the business world.
  2. Seeking Alpha: Research stocks and investing ideas through this site.
  3. U.S. Business Reporter: On this site you’ll find information about businesses, including their sales, statistics and more.
  4. BizShark: Whether you’re looking for a job or just want to know more about a particular business, this search engine makes it simple.
  5. Motley Fool: Find all the market advice and information you need through this site.
  6. Masterseek: This company search engine lets you search by brand, product or business.
  7. Zibb: Find just about any business and accompanying news, stats and information on this site.
  8. Google Scholar: The web is full of information, but not all of it’s reliable. This search engine pares down results to just scholarly and professional sources.
  9. Zotero: If you use Firefox as a browser, then try out this great plug-in that makes it simple to save, share and cite references you’ve culled from the web.
  10. CiteULike: Make sure your bibliography isn’t a total mess by using this easy citation generator.

Mobile Apps

Don’t let a little thing like being away from the computer slow down your business aspirations. Try out these mobile web apps to take your projects on the road.

  1. Business Reference Library: Make every time you don’t know something an opportunity to learn more with this amazing dictionary.
  2. Oxford Dictionary of Finance and Banking: Look up any words or terms that seem strange to you with this handy tool.
  3. mbPointer: Transform your phone into a fully featured presentation pointer using this application.
  4. Analytics App: See just how well your business or personal website is doing with this analytics tool.
  5. QuickOffice Mobile Office Suite: Whether you’re writing a business plan, tracking your finances or just preparing for class, this app lets you do it from anywhere.
  6. Pocket MBA Test: If you’re studying to get your MBA, practice the information you’ll need to know for the test while on the go.
  7. Glossary of Business Acronyms: Never wonder what an acronym means again with this helpful reference app.
  8. Leadership Quotes: Get inspired with this application full of great business leadership quotes.
  9. Bump: With this application you can share your business card simply by touching your phone to another.
  10. Wall Street Words: Not sure what the heck the Wall Street Journal is talking about? Don’t stay ignorant, look the word up in this financial dictionary app.

Multitasking and Productivity

Learn how to get more done with less by using these apps.

  1. OmniFocus: Try out this application to finally "get serious" about productivity with functions that let you take notes, turn them into to-dos and stay on task.
  2. Netvibes: Keep all your favorite websites organized in one place so you can see what’s going on with each at the same time using this site.
  3. Evernote: Create notes for yourself on the go and share, email and access them later with this tool.
  4. Remember the Milk: Get to-do lists on your computer that you can check on the web or on your phone with this tool.
  5. Ta-Da List: This simple tool lets you create to-do lists to ensure you get all your work done.
  6. Joe’s Goals: Set goals for yourself for this year, five years from now or this week using this site.
  7. Time Tracker: This tool lets you keep track of what sites you’re visiting so you can pare down your procrastination time.
  8. Rescue Time: If you’re easily distracted, this tool is designed to help you focus and limit the temptation to browse other websites.
  9. TreePad Lite: Organize your personal information, data, contacts, notes and more in one place using this application.
  10. Todoist: Use this application to track all of the things you need to get done in a day or week.

Starting a Business

If you’re feeling ambitious and want to start your own business while in graduate school, these free tools can be a big help in getting the venture off the ground!

  1. Highrise: Use the website to track business leads, clients and contacts so you’ll never lose out on potential business.
  2. Freshbooks: Manage all of your business finances using this online tool.
  3. Basecamp: This project management site will let you dole out tasks, see where a project stands and keep it all organized.
  4. Wesabe: Whether you use it for your personal finances or to track a business’ worth, this free financial tool is a great online resource.
  5. ConceptShare: Get feedback on your designs, concepts and projects easily through this collaborative tool.
  6. PayPal: You’ve got to get paid somehow, and this site makes it pretty darn simple to get it done.
  7. MyNewCompany: Use this site as a great source of information to make sure you’re not making any big blunders when it comes to running your new business.
  8. Nolo: Find legal advice for your new business on this site.
  9. BigCartel: If you need a shopping cart app for your site, this one is reasonably priced and easy to use.
  10. Google AdWords: Google Ads are a great way to promote your business or to make a few extra bucks by placing them on your site.

Markets and Investment

Follow global economic trends, identify investors or and try your own hand at investing by using these tools.

  1. Covestor: Follow what more experienced investors are doing on Covestor to see how things work and gain confidence.
  2. Tip’d: Stay current with the latest business and financial news on this site.
  3. Market Watch Community: This site will help you to learn more about the market in an online investment community.
  4. Zopa: If you need a loan for your business, get one from everyday people and not the bank through this site.
  5. Market Watch: Keep up with the ups and downs of the market on this site.
  6. Quote.com: Find out where any stock stands by looking it up on this site.
  7. Investor Guide: Get stock quotes, investing advice and the latest financial news on this site.
  8. Go4Funding: Go through this site to find an angel investor for your business venture.
  9. Venture Worthy: Find out if your business has what it takes to draw in investors from this great website.
  10. Investing Minds: Share advice and ideas on investing on this online community.

Business Toolkits

These toolkits combine a wide variety of resources from business plan templates to financial calculators to make sure you know the ins and outs of being an entrepreneur.

  1. Inc.com: From finding a job to managing a workplace, this site is full of tools and articles to help you do it right.
  2. BizToolkit: Learn how to plan, market and grow a business with this toolkit.
  3. Entrepreneur.com: Find vendors, learn how to franchise, discover PR tools and more through this site.
  4. SCORE: Here you’ll get access to business-related quizzes, podcasts and links.
  5. U.S. Small Business Administration: There are numerous free resources available to small business owners on this government site.
  6. Bplans.com: Find sample business plans and learn how to build your own on this site.
  7. Green Business Guide: Try out the resources found on this site to launch your own green business.
  8. Small Business Toolkit: The U.S. Chamber of Commerce has created this set of tools to help you start, manage and expand your business.
  9. Goliath Business Tools: With business plans, a business encyclopedia, and a company profile database, this site is chock-full of business goodness
  10. Business Owner’s Toolkit Find everything you’ll need to get your business up and running on this site.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!!

 

Carl Icahn Takes Aim:Setting His Sights on Genzyme

Carl Ichan, the billionaire, activist investor notified Genzyme that he will seek shareholder approval to seat four handpicked directors including himself to be appointed to the company’s board of directors in an attempt to remove embattled Chairman and CEO Henri Termeer who has led the company for the past 25 years.

The move was widely anticipated by industry analysts because Icahn own one percent of outstanding shares of Genzyme’s stock.  Icahn and other large shareholders believe the company would be better off under new leadership. Termeer has publicly stated that he has no intention of resigning.

Until recently, Genzyme’s standing and reputation in the biopharmaceutical and orphan drug industry was second-to-none. However, the company’s inability to quickly correct ongoing manufacturing problems at its biomanufacturing facilities for the past year has been extremely embarrassing and costly. Sloppy manufacturing and quality control problems this past year led to major shortages of two main products, Cerezyme and Fabrazyme. Consequently, in 2009 sales revenues dropped and company earnings were almost flat. Further, Genzyme shares lost 26% of their value in 2009, sinking to a five-year low.

Icahn is no stranger to hostile corporate takeovers and company sales. In spring of 2008, he unsuccessfully tried to gain control of the Biogen/Idec board to force the sale of the company (Ichan owns 5.6% of Biogen/Idec’s outstanding shares). Later that year, Icahn engineered the sale of ImClone to Eli Lilly for $7.0 billion; after getting into a very public and often acrimonious fight with Bristol-Myers Squibb CEO Jim Cornelius who tendered a “low-ball offer” (according to Icahn) to purchase ImClone.

According to my calculations, Icahn is batting .500 for his recent corporate takeover attempts. Do you think he will be able to go 2-for-3? I bet Henri Termeer is hoping that he can’t!

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!!

 

Midcareer Transitions: Teaching

My father was an elementary school teacher who eventually became an elementary school principal, a position that he retired from about 15 years ago. As you might imagine, education was an important part of the lives of my three siblings and me. Like my father, three of four of us eventually pursued careers in education: my sister teaches art to high school students in California; my brother is a professor in the Department of Microbiology at the University of Vermont and I have been a science educator for most of my adult life.

When I first entered graduate school in the Department of Bacteriology at the University of Wisconsin-Madison, I intended to pursue a teaching career at a small liberal arts institution. My career goals changed during my graduate school experiences, and ultimately I chose to pursue a career in academic research rather than teaching. Despite that decision, my first and perhaps only love has always been teaching. Ironically, it was my love of teaching that prevented me from winning tenure at the University Of Miami School Of Medicine. While I have reinvented myself no fewer than 10 times during my admittedly circuitous career path, the one common and constant element that links together some of my seemingly disparate career choices has been my love of teaching.

No matter what the experts may say, there is no middle ground in teaching—you either love it or hate. Put simply, there are those who were born to teach and others who were not!

When I give my Alternate Careers for PhDs talk to graduate and postdoctoral fellows who are looking for career options, I always mention teaching. Not surprisingly, I wax romantically about how noble a profession teaching is and the acute need for qualified science teachers. However, I always temper my remarks by emphasizing that “unless you are passionate about teaching, then becoming a teacher may not be an appropriate career choice. In other words, unless you are “all in” you never be an effective teacher. To that end, I came across an article in this Sunday’s New York Times by Peter Wilson; a former executive who decided to eschew a successful public relations career in his mid-30s to become a middle school English teacher. 

If after reading Peter's story, you find yourself energized or “moved” by his story, then I believe that you possess the “right stuff” to pursue a career in education. As the old Nike ads urge: “Just Do It!”

Hat tip to Peter Wilson!

Until next time...

Good Luck and Good Job Hunting!!!!!

 

Some Things You May Not Know About Generic Drugs

The rising cost of healthcare, increasing drug prices and the restrictive nature of the formularies of many insurers and third party payers is forcing a growing number of Americans to rely almost exclusively on generic prescription drugs. The trouble is that most Americans know very little about generic drugs; mainly because big pharma has done its best to minimize the discussion about generics and continues to portray generic manufacturers as less than reputable purveyors of prescription drugs. Because of this, I think that American ought to begin to understand an industry that increasingly will play a major role in the US healthcare system. So here goes:

  1. According to IMS Health, generic drugs accounted for 70 percent of the 2.9 billion prescriptions filled in the US in 2009
  2. Generic drugs accounted for only 15 percent of almost $300 billion spent on prescription drugs last year in the US
  3. Since 2003, the US Food and Drug Administration (FDA) received 800 new generic drugs applications; up from an average of 330 applications per year in the last decade
  4. Five years ago, it took FDA regulators an average of 16.3 months to review and approve generic new drug applications; by 2009 the average time to approval had ballooned to 27.7 months
  5. There is a backlog of nearly 2,000 pending generic new drug applications, almost double the backlog at the agency in 2005
  6. FDA’s division of generics had a budget of only $41 million in 2009; its budget for 2010 is $511 million
  7. Unlike branded pharmaceuticals, companies seeking regulatory approval for new generic drugs don’t pay user fees
  8. According to FDA Commissioner Dr. Margaret Hamburg generics saved American consumers almost $750 billion over the last decade.

Based on these facts, it is evident that FDA is seriously under funded, under staffed and overwhelmed by the spike of new generic drug applications in recent years. Interestingly, President Obama’s proposed 2010 budget included $38 million in user fees from generic manufacturers to process new drug applications. Not surprisingly, generic manufacturers are not willing to pay these fees unless the approval time for their products is drastically shortened. To that end, FDA is hiring 50 more reviewers and hopes that personnel increases will eliminate the generic drug application backlog by 2012. 

Dr. Hamburg is also looking to streamline some aspects of the generic drug application review process. For example, she proposed giving higher priority to generic drugs applications for branded drugs whose patent expiry is imminent as compared with applications for drugs that have several more years of patent protection remaining.

Nevertheless, the bottom line is that the agency needs a much larger budget and staff to keep up with the ongoing torrent of new generic drug application. With this in mind, the agency ought to consider reallocating existing resources—rather than wait for budget increases in these financially uncertain times—to process new generic drug applications in a timely fashion. This may be possible because of the annual number of drug applications for new, branded prescription drugs has steadily been decreasing for the past five years.

Hat tip to the New York Times!

Until next time...

Good Luck and Good Job Hunting!!!!!!

 

Branded Generics: Something Old, Something New?

Earlier this week, an article appeared in the NY Times Business section heralding the entry of several large pharmaceutical companies into the branded generics industry. For those of you who may not know, generic drugs are lower cost versions of brand name prescription drugs that have lost patent protection. Generic prescription drugs are usually much cheaper than their brand name counterparts but generally deliver the same therapeutic effects as the branded product. In most cases, so-called “commodity generic drugs” are not branded and sold to consumers by their chemical names. A good example of a commodity generic drug is the anti-depressant sertraline HCl; which Pfizer sells under the brand name Zoloft. Pfizer still manufactures and sells Zoloft but Zoloft lost patent protection several years ago and a generic version of the active ingredient, sertraline HCl, is now available to consumers. Because sertraline HCl is much cheaper than Zoloft, pharmacists almost always substitute prescriptions for Zoloft with sertraline HCl. This is perfectly acceptable because sertraline HCl was approved by the US Food and Drug administration with an AB rating which means that sertraline HCl is biologically equivalent to Zoloft.

Unlike commoditized (no-name) generics, branded generics are off-patent prescription drugs that are sold to consumers—as the name implies—under a brand name. Typically, because these products are “branded” and actively marketed by manufacturers they are sold at higher prices than equivalent no-name generics. This is because consumers are generally willing to pay more for drugs that are manufactured by well known and trusted companies as compared with no-name generics which are usually produced by lesser known or unidentified manufacturers.

Branded generics are not a new or novel concept. They were previously championed by a number of generics manufacturers, most notably Barr Laboratories, which was recently purchased by the Israeli generics giant TEVA. In the past, when pharma embraced the blockbuster drug business model, drug manufacturers built in revenues— that eventually would be lost through patent expiry—into the price of their top selling drugs. This allows drug companies to maximize ROI early in a drug’s life cycle years before patent expiry Studies have shown that branded prescription drugs can lose as much as 90% of their original value two years after the introduction of generic equivalents. Consequently, because of drastically diminishing financial returns after patent expiry, it didn’t make economic sense to continue to promote and support a brand that was facing generic competition. Put simply, the company made its money on the drug and it is time to move on. 

However, the emergence in recent years of an affluent middle class in developing markets like China, India, Brazil, Eastern Europe and elsewhere is causing branded pharmaceutical companies to reconsider their generics strategy. In these markets, many people frequently pay out of pocket for their medicines but cannot afford to pay for the expensive brand name drugs. Also, in some emerging markets, where the threat of low quality or counterfeit prescription drugs may be high, consumers who can afford to purchase medicines are willing to pay more for drugs manufactured by well known and respected companies. Finally, IMS Health estimates that close to $89 billion in US drug sales alone will be lost to generic competition over the next five years or so.

In the absence of any new blockbuster drugs on the horizon, many big pharma companies have been scrambling to acquire or enter into relationship with established regional generic manufacturers. For example, GlaxoSmithKline recently bought a stake in Aspen a South African generics manufacturer and entered into an agreement with India-based Dr. Reddy’s laboratory to sell generic products in Asia and other emerging markets. Likewise, in the last year, Pfizer created an off-patent generics division (products are sold under Greenstone label which is a wholly owned subsidiary of Pfizer) and signed agreements with three Indian companies to sell their products in the US and other markets. These deals added about 200 products to Pfizer’s new generics portfolio. Further, Pfizer recently announced that the Greenstone brand has become the world’s seventh largest generics seller. In addition, Pfizer is expected to make a formal bid to purchase the financially-troubled German generics manufacturer Ratiopharm; one of Germany’s largest purveyor of generic drugs.

Not to be outdone by the competition, the French drug maker Sanofi-Aventis recently purchased Brazil-based Medley, a dominant player in the South American branded generics industry and Laboratorios Kendrik, a Mexican generics producer. Last year, the company also purchased Zentiva, a leading Czech generic manufacturer signally the company’s intention to move into financially-lucrative Eastern European markets.

Watson, one of the largest American generics manufacturers (which primarily operates in the US) recently purchased Arrow, a generic producer that operates in 20 different countries. Finally, Novartis, recognizing a business opportunity before most of its competitors, entered the generic market in 2003 following creation of Sandoz, a division of Novartis that manufactures and sells small molecule generic drugs and branded biosimilar products. Recently, Novartis purchased the German branded generics manufacturer Hexal, making it the world’s second largest generic drug manufacturer after Teva.

The entry of pharmaceutical companies into the generics business is allowing these companies to pursue a two-tiered business strategy in certain markets which is designed to preserve the long term value of their branded franchises. For example, companies can continue to sell their expensive name-brand drugs to the wealthy (or those that can afford them) and concurrently sell the more moderately priced branded generics which includes and over the counter products to the broader market. 

While some may lament the end of the blockbuster drug era, rising healthcare costs and generic competition is forcing big pharma to continue to explore novel and innovative strategies to reinvent itself.

Until next time...

Good Luck and Good Job Hunting (try the generic industry; business is booming)

 

Johnson & Johnson Freezes Salaries and Cuts Yearly Bonuses

Times are tough in the financially-struggling pharmaceutical industry and seemingly getting tougher.

First, Bristol-Myer Squibb (BMS) announced last week that it will freeze salaries but not cut yearly performance bonuses for its employees. One week later, Johnson & Johnson (J&J)—a company known not to be upstaged or outdone by a competitor—is planning on cutting the yearly performance-bonuses for 38% of its workforce and will freeze the salaries of certain other employees.

While BMS publicly announced its salary freeze, J&J plans were uncovered in an internal announcement and other company documents obtained by The Wall Street Journal. According to the Journal article, “The health-care giant told employees Jan. 25 that it is making the moves to standardize compensation across its various businesses and regions, thereby making it easier for its workers to move around within the company. In the U.S., the changes will bring bonus targets in line with market levels, one document said.”

Interestingly, J&J hasn't yet reported its CEO, William Weldon’s compensation for last year. In 2009, Mr. Weldon turned down a salary raise. His total compensation in 2008 fell 4.1% from the year before to $29.4 million, according to the most recent regulatory filing.

The salary freeze and bonus cuts help to explain why a good friend and lifelong J&J employee (25 years and counting) wasn’t too keen on the company during a visit earlier this week. During a conversation, in which I unknowingly lauded J&J’s treatment of its employees, my friend quipped “Looks can be deceiving; J&J is like every other big corporation. People really don’t matter—it’s all about P&L”

Until next time...

Good Luck and Good Job Hunting!!!!

Second Acts: ImClone Founder Sam Waksal is Seeking Investors for a New Biotechnology Company

As many of you may recall, in 2001, Sam Waksal, founder and former CEO of the biotechnology company ImClone was convicted (along with his good friend Martha Stewart) for fraud and insider trading of ImClone stock. Waksal, who was released from prison in late 2008 and lived in a half way house for several months had kept a relatively low profile until earlier this month. Rumor has it that Sam along with Richard Mulligan, PhD a Harvard professor and former ImClone director and Dr. Larry Witte, a current executive vice president in the ImClone division of Eli Lilly are attempting raise about $50 million for the privately-held new venture called Kadmon. Other reports indicate that Waksal and other members of the Kadmon team are putting up $50 million as well. 

According to insider reports the company will ostensibly focus on cancer and infectious disease targets and—taking a page out of the Cubist, Celgene and Sepracor play books—re-purpose once promising drug candidates discarded by other companies. To that end, according an article in TheStreet, the company's drug research programs include a "statin inhibitor for influenza" from a "leading Ivy League university" along with a variety of monoclonal antibodies for use as targeted cancer treatments, similar to Erbitux. Kadmon is also eyeing several existing cancer-focused drug companies, one of which already has a marketed product, as acquisition targets, according to the prospectus. For those of you who may be wondering about whether or not Waksal can legally start another biotechnology company, an agreement with the Securities and Exchange Commission bars Waksal from serving as an officer in a publicly traded company, but as previously mentioned, Kadmon is a private venture.

Whether you like Waksal or not, his track record in the biotechnology industry speaks for itself. Unlike the vast majority of his rivals, Waksal shepherded a molecule from discovery through commercialization. That molecule, a monoclonal antibody called Erbitux, became a multibillion dollar a year treatment for certain forms of colorectal cancer. More importantly, Waksal was one of the first to recognize that humanized monoclonal antibodies directed against certain cellular receptors could be used to treat a variety of oncology indications—a concept that is driving a large portion of discovery and product development in the oncology space. For those of you who may not know, Eli Lilly purchased ImClone two years ago for $7.0 billion dollars after a very public and acrimonious fight over the sale price of ImClone erupted between Carl Icahn, ImClone’s Chairman, and Jim Cornelius, CEO of Bristol-Myers Squibb (BMS). ImClone and BMS co-marketed Eribitux prior to the sale.

Waksal has been in and around the biotechnology industry for over 30 years and many consider him to be one of the early industry pioneers. Unfortunately, despite his dubious past, Waksal represents a dying breed of visionaries whose entrepreneurial spirit and unorthodox approach to new drug development is largely responsible the biotechnology industry’s current largess. Like other ex-felons Waksal did his time and like all Americans he is entitled to a second chance.

Let’s hope that Sam learned a few things during his incarceration and is smarter and wiser for his second and possibly final act. I wish Waksal success in his new venture and I hope that he and his team still possess the insight, creativity and tenacity required to discover and develop innovative oncology and infectious diseases drugs.

Until next time....

Good Luck and Good Job Hunting!!!!!!!

 

GlaxoSmithKline to Increase the Size of its Sales and Marketing Team in India

According to an article that appeared in the Indian publication The Hindu Business Line, GlaxoSmithKline (GSK) is set to increase the size of its Indian marketing and sales force to better support the sale of vaccines and other specialty products. A company executive said that GSK will add another 200 people to its 2,250 member sales and marketing team.

GSK is repositioning itself to be more competitive in developing and emerging markets like India, China, Brazil and elsewhere. The announcement to increase the size of its workforce in India comes only a couple of weeks after the company announced massive global layoffs that would affect at least 4,000 GSK employees.

Hat tip to Ed at Pharmalot!

Until next time...

Good Luck and Good Job Hunting!!!!!!

 

What Do You Think: Should FDA Have a Facebook Fan Page?

Mark Senak, social media enthusiast and author of the EyeonFDA blog, raised the question on his blog today as to whether or not the US Food and Drug Administration (FDA) ought to have a fan page on Facebook: the ever expanding, ubiquitous social media platform. He aptly points out that FDA has already created a channel on YouTube and has a twitter account. So, why not a fan page on Facebook, he asked.

While Mark and I agree on most things, I am not convinced that having an FDA fan page on Facebook would make a difference in the way in which FDA communicates with the American public. FDA is already behind on the social media curve and, as the FDA public hearings held late last year suggest, the agency is struggling with formulating regulatory guidelines for its use by drug and devices manufacturers. Might not creating a FDA fan page on Facebook be the proverbial straw that broke the camel’s (agency) back? 

Perhaps I am overreacting to the whole Facebook phenomenon and grossly under estimating the agency’s capabilities. But I simply don’t get Facebook!  At best, it is overwhelming, difficult to navigate and seemingly cluttered mindless chatter and people engaging in Mafia wars. There is no question that a fan page would increase FDA’s exposure and its “hipness quotient” but to what end? The agency already has trouble maintaining and managing its existing web assets (have you ever tried finding information at FDA.gov?). Adding a new website would simply mean more work for overworked and underpaid government employee who seemingly play by different rules than the outside world.

Don’t get me wrong. I am an avid social media enthusiast who believes that persons who engage in social media must be “all in” to be effective. Having said that, I believe that the agency would be better served if it works to improve the navigability and accessibility to information on its existing web assets. There is no question that building an agency fan page on Facebook may convince Americans that FDA gets “the whole social media thing.” But if the fan page doesn’t provide Americans with relevant and useful scientific, medical and regulatory information, then adding a FDA fan page to Facebook will do little more than increasing the heft of an already bloated social media platform whose utility and effectiveness is already beginning to wane.

In my experience, building a website or fan page is the easy part; continuing to populate the pages and sites with useful, meaningful and temporally-relevant content is the difficult part!

Hat tip to Mark for starting the conversation!

Until next time...

Good Luck and Good Job Hunting!!!!!

 

Considering a Career in Regulatory Affairs? A Fellowship at FDA Won't Hurt Your Chances

As many of you already know, I talk to a lot of graduate students and postdoctoral fellows who are disillusioned with the prospect of remaining in the laboratory for the rest of their lives. Frequently, students mention regulatory affairs as an alternate career option and ask me what type of training and skills are required to transit into a regulatory career. Unfortunately, regulatory affairs is an industry specific career and regulatory affairs training programs with the possible exceptions of the courses offered by the Regulatory Affairs Professionals Society (RAPS) and the Drug Information Association (DIA) (which can be costly) are not readily accessible to graduate students and postdoctoral fellows. Consequently, I recommend that PhD-trained scientists who are interested in regulatory affairs check out employment opportunities at the US Food and Drug Administration (FDA). This is because there is no better place than FDA to learn the “ins and outs” of regulatory affairs!

Until recently, jobs, fellowships and training programs at the agency were scarce. However, while reading an industry trade magazine I came across an ad (posted below) announcing fellowship opportunities for PhD level life scientists, healthcare professionals, pharmacists and even engineers(although they only need a bachelors degree to be eligible.

This is an opportunity for those interested in a regulatory affairs career to give it a shot! For more info visiting the agency’s website

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

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Fred Hassan Shares His Views on the Past, Present and Future of the Pharmaceutical Industry

I just received a phone call from UK-based Meettheboss.TV to give me advance notice of an interview that was conducted with Fred Hassan, the former CEO of Schering Plough, that will be shown tomorrow at the Meettheboss.TV website. Hassan stepped aside as CEO after Merck acquired Schering Plough for $41.1 billion late last year.

Mr Hassan is arguably one of the most respected and highly visible pharmaceutical executives in the industry. He sat down with Meettheboss.TV to share how he was able to turn around a dysfunctional and failing Schering Plough and restore its tarnished image.

“I joined a company in 1997 that was in great difficulty.  There has been a merger between a Swedish company and a U.S. company, and that merger had resulted in a lot of difficulties, I was brought in as a CEO from the outside to try to make this merger work.  I realized that the future growth product of this company has been compromised in a deal that had to be untangled.” Fred told Meettheboss.tv

In an uncharacteristically candid interview, Hassan also offers his personal insights and views on the challenges that the pharmaceutical industry faces in the future as traditional business models begin to change and new players enter the pharmaceutical industry space. 

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To watch the full interview, please visit Meettheboss.TV

Until next time....

Good Luck and Good Viewing!!!!!!!!

Workplace Politics: Revisiting the Gender Gap

While ‘women in the workplace’ is no longer a new or novel concept, there are still differences in the way women and men are viewed and treated at work. Lauri Buckley at Job Profiles alerted me to an interesting article that they prepared entitled “The Gender Gap: 10 Surprising Stats on Women in the Workplace."

Listed below are some startling stats about women in the workplace. 

  1.  Women comprise 46% of the total U.S. labor force. With almost half of the workforce being women, female employees aren't exactly a rarity. For most women today, getting a job is an expected part of life. This is a big change from past decades. In 1900, fewer than 20% of women participated in the labor market while today the number is around 75% and growing.
  2. Women make only 77.5 cents for every dollar that men earn. This figure comes from data on the 2003 census. Despite this gap, many economists feel that the gap between pay for men and women is due to different personal choices men and women make about personal fulfillment, child rearing and hours at work. Whichever you choose to believe, the reality is that the gap is slowly but surely closing as women become increasingly educated and dual income families become the norm, but this isn't much consolation to those who feel discriminated against today.
  3. The more education a woman has, the greater the disparity in her wages. This certainly doesn't mean women should shy away from professional positions, but they should be aware that they may have to battle harder for equal pay. Women in professional specialty occupations were found to earn just 72.7% of what men in the same position earned, and women in upper level executive, administrative and managerial occupations earned even less at 72.3%. If you compare this against the average of 77.5%, the numbers speak for themselves, and this graphic from the New York Times makes it even easier to see.
  4. Women may work longer to receive the promotions that provide access to higher pay. One example provided by the National Center for Education Statistics shows that women often have to work three years longer in a teaching position to be promoted to a principal than their male counterparts. Some studies suggest that this is because women and men adapt different strategies when it comes to management and pursuing promotions, yet other studies connect it less to work and more to gender-based biases.
  5. Women business owners employ 35% more people than all the Fortune 500 companies combined. If you're like most people, you don't picture a woman when you think about a business owner. Yet there are about 9.1 million women-owned businesses in the U.S., a number that comprises nearly 40% of all businesses. The idea that women don't make good managers just doesn't hold up when you look at these kinds of numbers, with women managing a large number of employees and making healthy profits while doing so.
  6. Women account for 46% of the labor force, but 59% of workers making less than $8 an hour. What does it mean? It means that many women are taking on jobs that pay well under a living wage. With nearly 16% of U.S. households having women who are divorced, widowed or never married as the sole providers, this leaves many women at a distinct disadvantage and struggling to make ends meet as they dominate jobs in low paying fields.
  7. Only 53% of employers provide at least some replacement pay during periods of maternity leave. Despite the fact that the arrival of a child means extra bills and expenses, many employers don't provide women with any benefits if they to leave work temporarily to have a child. While there is no law requiring companies to offer paid maternity leave, considering it is an issue that primarily affects women, it's certainly a blow to their income potential and ability to care for their families and themselves.
  8. Four in ten businesses worldwide have no women in senior management. This shouldn't be a surprise given the way many countries feel about women in the workplace. Here in the United States, however, women still feel the stress of trying to break into upper management, with 93% of the 439 senior women executives surveyed by Korn/Ferry International in 1992 feeling that a glass ceiling for women still existed. Yet new studies report that women outnumber men as managers in fields like human resources, health administration and education--perhaps stemming from reports that many businesses have seen a direct financial impact from hiring women.
  9. Women earned less than men in 99% of all occupations. In virtually every field that women choose to enter, they can expect to earn less over their lifetime than their male counterparts. This means that over 47 years of full-time work, this gap amounts to an estimated loss in wages for women of $700,000 for high school graduates, $1.2 million for college grads, and $2 million for professional school grads--a staggering amount.
  10. Minority women fare the worst when it comes to equal pay. African-American women earn 64 cents to every dollar earned by white men and Hispanic women just 52 cents per dollar. Whether it's attitudes about race or gender that are at play, it's clear that something needs to be done to level the playing field.

While these interesting statistics may be new to a lot of men, women have long known about the biases and inequities that they face in the workplace. The facts presented in the article suggest that while women have come a long way in the past 40 years, there is still a lot of work that must be done to achieve parity between women and men in the workplace.

Hat tip to Job Profiles!

Until next time...

Good Luck and Good Job Hunting!!!!!!!

 

An Analysis of Social Networking Sites for Life Scientists

Mary Canady author of the Comprendia Blog recently analyzed the popularity (or lack thereof) of a number of social networking sites that were created for life scientists. It would seem that online social networking sites would be ideal for scientists because we are not known for our networking or social communication skills in real life. However, only a few of the more than 15 life sciences social networking sites started in the past two years are doing well based on the traffic and usage statistics cited by Mary in her post. 

While Mary’s analysis included most of the well known life science social networking sites, she failed to include BioCrowd, the networking site started by Vincent Racaniello and me. While BioCrowd does cater to life scientists, we intentionally expanded our network to include other bioprofessionals including medical writers, marketers, consultants, venture capitalists and even CEOs! After all, it takes a village to take an idea from concept to commercialization.

Hat tip to Mary for the insightful post!

Until next time...

Good Luck and Good Job Hunting!!!!!!!

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A Tenure Decision That Went Horribly Wrong

Amy Bishop, a tenure track faculty member of the Biology Department at the University of Alabama-Huntsville shot and killed three faculty members and wounded three others after learning that her appeal of a negative tenure decision was denied. While this incident doesn’t typify the response of faculty members who are denied tenure (subsequent reports suggest that she previously accidentally shot and killed her brother 20 years ago), it illustrates how high the stakes are or (may be perceived) by those aspiring to successful academic careers. 

Based my own experiences, being denied tenure is emotionally debilitating—mostly because of the public humiliation and stigma associated with it. Despite what your friends, loved ones or fellow faculty members say to you to ease the pain, being denied tenure suggests that you weren’t scientifically astute or “smart enough” to be guaranteed a job for life. It doesn’t matter whether or not the decision was fair or that there may have been extenuating personal or political circumstances, the bottom line is that you had your shot (no pun intended)and you simply didn’t have the right stuff to gain membership into the elite club populated by “outstanding scientists.” Put simply, your failure to win tenure has earned you the label of being a “failed scientist.” While nobody will ever utter those words, I can assure you, based on my own experiences that they think it no matter how successful you ultimately may become.

If I sound bitter...well....I am; but not for the reasons that you may suspect (being denied tenure was probably best career move that I was ever forced to make). While being denied tenure at institutions like Harvard, Stanford, Yale, Columbia or other elite universities doesn’t mean that you cannot have a successful academic career at lesser institutions, being denied tenure the University of Miami School of Medicine (or the University of Alabama-Huntsville for that matter) almost always means that your academic career is over. This means that after chasing an academic career for most of your professional life, you can longer do what you were trained to do and you must now do something else with your life Unfortunately, and not surprisingly, the vast majority of graduate students and postdocs that I have talked with over the past 15 years have given little thought to what that something else may be.

But, don’t be too hard yourself because you have no idea what you next career move may be after the academic career route path is no longer viable. The blame for this conundrum falls squarely on shoulders of the faculty members (mostly tenured) who train graduate students and postdoctoral fellows for careers in the life sciences. Despite the fact that only 10 percent of PhD-trained life scientists land tenure track positions after completing their training, graduate programs continue to exclusively focus on academic careers for their graduates and trainees. While I believe that this practice is ill-advised and clearly flies in the face of supply side economics, the steadfast refusal of life sciences graduate programs to develop alternative career tracts within their training programs to accommodate the career needs of a majority of their graduates is especially egregious and odious.

It is not difficult to understand why many tenured faculty members don’t give much thought about future employment prospects for their graduate students and postdocs. After all, they already have jobs that are guaranteed for life and it stands to reason that the careers and employment opportunities for others are not high on their priority lists.  Like it or not, when it comes to employment opportunities and career choices, most graduate students and postdocs are on their own!

It is extremely tragic that three people lost their lives and several others were wounded by a deeply troubled and misguided former tenure track faculty member. It won’t be surprising if certain faculty members dismiss the incident and attribute its horrific nature to a seriously disturbed and deranged person. After all, who in their right mind would do such an awful thing? However, I am certain that the humiliation, outrage and psychological pain experienced by Bishop are fairly common among individual who are denied tenure. Rather than turn her rage inward, she decided to take it out on the people who she thought had destroyed her life.  Maybe this incident will induce graduate programs to consider implementing career development programs that showcase alternate careers beyond the traditional tenure track career path.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

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PhRMA Shakeup: Au Revoir Billy Tauzin

Billy Tauzin, a former Congressman and high profile lobbyist, unexpectedly resigned as President of the Pharmaceutical Research and Manufacturers of America, (PhRMA), a pharmaceutical industry lobby and trade organization. According to a report in today’s New York Times, his resignation resulted from internal disputes over PhRMA’s pact with the White House to trade political support for favorable terms in the proposed health care reform bill. The trade group issued a news release on Thursday night confirming Mr. Tauzin’s departure, effective June 30.

When he first took the helm at PhRMA in 2005, Tauzin’s publicly-stated goal was to improve the group’s image and reduce the “number of its enemies.” Prior to Tauzin’s arrival at PhRMA, it was an obscure lobbying group that was little more than a “rubber stamp” for the agenda set by pharmaceutical companies. Under Tauzin's tutelage, the trade group adopted a more progressive strategy and tried to set a new agenda for the pharmaceutical industry.

In exchange for favorable terms in the original Obama healthcare reform package, PhRMA spent more than $100 million on ads to promote the overhaul. But after healthcare reform stalled, some industry leaders felt the trade group had gone too far giving concessions and could lose on some important legislative issues without gaining the political protection it had sought.

Despite publicly accusing the White House of reneging on its original deal, Tauzin’s willingness and zeal to help to reform healthcare ultimately led to his demise. I suspect that the next person chosen to lead PhRMA will likely be a pharma insider willing to "tow the party line."  While I wasn’t originally keen on Tauzin’s appointment, he proved to be an extremely effective  leader, who unlike most of his PhRMA predecessors, was forward-thinking and had a clear vision for the future of an industry currently in transition.

Tauzin’s departure signals that many pharma executives believe that healthcare reform is dead and companies can continue with “business as usual.” While failed healthcare reform may be beneficial to big pharma in the short term, it ultimately may lead to pharmaceutical price control legislation. This is because—in the absence of healthcare reform— drug and devices prices will continue to skyrocket and  legislators will have little choice but to regulate and cap drug and devices prices.

Until next time,

Good Luck and Good Job Hunting!!!!!!!

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Office Romance: Love It or Leave It!

Conventional wisdom suggests that getting involved with a work colleague is not the best thing to do. However, given the amount of time that many of us spend out work, sometimes it is difficult not to enter into work place relationship. Speaking from experience, most work place romances don’t end well or have happy endings. That said, for those intrepid souls who have no choice but to follow their hearts, I happened upon an article that may provide some advice to help navigate the often treacherous and troublesome waters of an office romance.

Love at Work

By Michele Marrinan, Monster Contributing Writer 

Dating someone from work is natural for many people. After all, who has time to meet someone when you're working 60 hours or more per week? You may find that understanding your mutual work lives can deepen your relationship. And instead of rushing home each evening, you may be willing to work late, especially if you can do it alongside your beloved.

Despite the upsides, the downsides can be pretty daunting. First, there's no escape if the romance goes sour. You still have to see and interact with that person daily. A failed workplace romance can also hurt your career and reputation. People may view a promotion or raise as favoritism, no matter how much you deserve it. And even if the relationship works out, it can be tough to work with your lover. "You get sick of each other," says Judy Kuriansky, PhD, author of The Complete Idiot's Guide to Dating.

Whether you should or should not date someone at the office isn't always a clear-cut decision. It depends on your situation and personality. But if you decide to make the leap, tread carefully over these issues. 

Make Sure You Can Take the Consequences

"If you decide to wander down that illicit path of meeting somebody in your office, remember to take the good with the bad," says Paul A. Falzone, CEO of The Right One and Together, two dating franchises. "The biggest problem about interoffice relationships is that if it doesn't work out, you still have to face that person every single day." Make sure that you can.

 Be Smart

You don't want your entire life to be an open book. Before you ask your love interest out for a drink, be certain he isn't the type to share your innermost secrets around the water cooler.

Date Up, Not Down

Dating a subordinate isn't smart. Your relationship could be misconstrued as a power play -- "date me, or you won't get that promotion." If things go badly, you could get hit with a lawsuit for sexual harassment, even if the relationship was mutual. Some companies require managers to report workplace romances and both parties to sign an agreement stating they willingly entered the relationship.

Be Discreet

Some people keep workplace romances a secret. That's the route Falzone recommends. But Kuriansky disagrees. She says that secrets can cause issues among coworkers. The key is to be discreet. Don't hold closed-door meetings, don't make overt displays of affection in the office and stay focused on work.

Get a Life

It's important not to spend every waking hour with your lover and your work. That's not good for any relationship. Pursue other interests together and individually. And make sure you have more in common than your jobs.

Hat tip to Michele at Monster.com

Until next time...

Good Luck and Good Lovin’

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Beleaguered Medical Device Manufacturer Boston Scientific Announces Job Cuts

Things are just not going well for Natick, MA-based device manufacturer Boston Scientific. Yesterday, the company announced that it lost $1.1 billion in the fourth quarter this year. The losses mainly stem from the company’s $1.73 billion settlement earlier this month with Johnson & Johnson ending a seven year patent dispute over drug-coated cardiovascular stents. Also, Boston Scientifics’ ill-advised purchase of medical device rival Guidant for $27 billion several years ago hasn’t helped matters.

The company said that it would cut as many as 1,300 jobs or 8 to 10 percent of its workforce to reduce operating expenses. Boston Scientifics’ decision to eliminate jobs follows similar moves made by several of its competitors last year. For example, last spring Medtronic, the largest device firm in the world, said it would eliminate at least 1,500 workers. In August, Minnesota rival St. Jude Medical eliminated 200 positions.

Device makers have seen their sales squeezed by safety recalls of top-selling products and cost cutting measures at hospitals because of the economic downturn. Also, new data suggest that drug-coated stents may not offer the benefits (over bare-metal stents) as previously thought. In fact, some physicians are beginning to reconsider the advantages of stents as compared with other surgical or pharmacologic interventions for certain cardiac patients.

While layoffs at medical devices manufacturers don’t come close to the massive layoffs in the pharmaceutical sector, don’t be surprised if other device manufacturers announce layoffs later this year.

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

 

Job Seekers: How to Plan and Launch a Successful Job Search

Preparing for and executing a job search can be both intimidating and overwhelming. While most job seekers approach a job search without much thought or planning, there actually is a “method to the madness” of a job search. And, if you take the time to develop a strategic plan, your likelihood of success increases almost exponentially. 

Unfortunately, the prodigious amount that has been written about conducting successful job searches suggests that reading and digesting it all may be more daunting than the job search itself! To that end, Kaitlyn Cole of Online Universities sent me a blog post entitled “100 Inspiring and Informative Blog Posts for Young Job Seekers” which may help to reduce the stress associated with job search planning. Although the title suggests that the list may be most informative for younger job seekers, I recommend that anyone looking for a job ought to take a quick look at the list!

A quick perusal of the list indicated that one or more BioJobBlog posts have been included. Read and learn!!!!

Until next time...

Good Luck and Good Job Hunting!!!!!

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Layoff Alert: GlaxoSmithKline Reveals Jobs Will Be Eliminated at UK Facility

After announcing that it would lay off about 4,000 workers two weeks and then refusing to disclose which facilities would be affected,  the British drug maker, GlaxoSmithKline (GSK) today revealed that several hundred workers at it Harlow, Essex  facility will lose their jobs. 

The Harlow facility, formerly the headquarters of SmithKlineBeecham which was taken over by Glaxo almost 10 years ago, is located 25 miles (40 km) northeast of London. Although not confirmed, as many as 380 of the 1,1150 employees at the facility may lose their jobs.

Stay tuned for more GSK layoff updates!

Until next time....

Good Luck and Good Job Hunting!!!!!!!!!!

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The Job Search: Things to Avoid if You Want to Get Hired!

In previous posts, I have mainly focused on job search strategies and behaviors designed to increase the likelihood of either getting a face-to-face job interview or a job offer. 

Today, I want to focus on behaviors and strategies that jobseekers must AVOID at all costs during a job search. In a CareerBuilder.com poll, more than 3,000 hiring managers and human resources professionals were asked to identify some of the more egregious mistakes that jobseekers (most notably recent college graduates) making during the application and interviewing process. Poll results per centages and associated commentary and advice were originally posted on the Pongo Resume blog.

1. Acting bored or cocky (69%)
This sounds familiar. We had someone interviewing at Pongo recently who seemed pretty good, but two or three people used the word "cocky" to describe the person's attitude. (Our managers, like those at many companies, solicit opinions from everybody who comes in contact with a job candidate, not just those in the interview room – hint, hint.) If you're a new college graduate, it's important to realize that you may have been the coolest kid on campus a few months ago, but today you’re an unproven beginner. A positive, respectful attitude is one way to set you apart. Confident = good. Cocky = bad.

2. Not dressing appropriately (65%)
Your interview attire, like your attitude, says a lot about whether you're serious about proving yourself, or just think you're entitled to the job because you're you. Your clothing should be clean, pressed, and modest. As they say in middle school, no visible boxers, bellies, or boobs.
 
3. Coming to the interview with no knowledge of the company (59%)
There's no excuse for not researching an organization that's considering hiring you. They have a web site; use it to learn what they do, who they are, what they specialize in. Google the executives' names (after all, they'll be Googling you; see #8, below). 

4. Not turning off cell phones or electronic devices (57%)
Frankly, I'm surprised this isn’t No. 1. If you accidentally leave your phone on and it rings during the interview, don't get flustered and start babbling, "OMG, I can't believe I did that!" Offer a brief, sincere apology, turn off the phone (without checking who it is), then carry on professionally as if nothing happened.

5. Not asking good questions during the interview (50%)
If you don't ask anything, you must not be interested. That's what the hiring manager will assume. This is a place where you supposedly want to spend most of your waking hours for the next couple years or more. You must want to know something. Besides, there are certain questions you should always ask.

6. Asking what the pay is before the company considered them for the job (39%)
Mentioning salary in a first interview is like asking your crush what s/he plans to spend on you during your relationship – before you've even agreed on a second date. You have to flirt and make sure they're attracted to you before you ask about a financial commitment.

7. Spamming employers with the same resume and/or cover letter (23%)
This guy John really, really wants to work for Company A, so he applies for every job opening Company A posts, whether he's qualified or not. Annoyed by John's never-ending resume spam, Company A's recruiters unofficially blacklist him (although if asked, they'll deny it). Don't be like John. Tailor your resume for the one or two jobs at your target company that align with your skills.

8. Failure to remove unprofessional photos/content from social networking pages, Web pages, blogs, etc. (20%)
Dude, you will be Googled. Employers today use every means at their disposal to uncover red flags that might foretell a bad hire. So, hide all Internet evidence of your past (and present) indiscretions.

While many of these not-so-smart behaviors may appear to be obvious, the percentages of new jobseekers who engage in them would suggest otherwise. The job market is extremely tight at the moment and the competition for jobs is the fiercest it has been in last 50 years. Don’t give hiring managers an excuse to not hire you by engaging in the above mentioned behaviors and practices!

Until next time...

Good Luck and Good Job Hunting!!!!!!!!

Rare Disease Day: FDA to Offer Orphan Drug Development Workshop

A rare or orphan disease is defined in the US as one that affects fewer than 200,000 at any given time. It is estimated that there are 6000 to 8000 rare diseases in the world today. Because the number of patients afflicted with orphan diseases is so small, drug companies have historically been reluctant to invest money to discover and develop new treatments for them. The dearth of treatments for rare diseases induced Congress to pass the Orphan Drug Act in 1983 which provided market exclusivity, tax breaks and incentives and regulatory help for companies to development new drugs for orphan disease indications.

While many current blockbuster drugs including recombinant human insulin, growth hormone and erythropoietin originally garnered regulatory approval after receiving orphan status in the late 1980s, most big pharma and biotechnology companies (except Genzyme) largely abandoned orphan drug development until recently. The renewed interest in orphan drug development has been primarily driven by the demise of big pharma’s blockbuster business model that began in the early 2000s. The search for new, non-blockbuster drugs and fresh markets is what induced Pfizer, the world’s largest pharmaceutical company, to recently inked a multimillion dollar deal with Protalix Biotherapeutics, a small biopharmaceutical company developing a new treatment for Gaucher disease—an orphan indication.

Because of renewed interest and the ever increasing need for new orphan drugs, the FDA’s Office of Orphan Products Development is offering an Orphan Drug Designation Workshop that will provide a unique opportunity for all potential drug sponsors—including biotechnology companies, pharmaceutical firms and academic institutions—to learn about the application process for orphan drug designation.

The National Organization for Rare Disorders (NORD) is a co-sponsor of the workshops, which will take place on February 25-26 at Keck Graduate Institute and August 3-4 at the University of Minnesota.

Participants are encouraged to bring specific product proposals for at least one candidate orphan drug that holds promise for the treatment of a rare disease. A significant portion of the workshop will be dedicated to preparing applications, including one-on-one guidance sessions with FDA staff members. FDA will keep product and disease information confidential.

Final applications can be submitted to the FDA at the close of each workshop. For information or to register:

FDA Workshop Brochure
Registration for the February Workshop

Finally, February 28th is Rare Disease Day. The event is sponsored by the EURODIS a European advocacy group that promotes awareness and research for rare diseases. NORD and Discovery Health are also sponsoring the day.

Until next time....

Good Luck and Good Job Hunting!!!!!!!!!

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The Job Search: How to Stand Out in the Crowd

It goes without saying that the competition for jobs in the life sciences industry is extremely fierce. This means that job candidates must use whatever means possible to differentiate themselves from the hundreds, perhaps thousands, of others applying for the same job!

While I have written numerous posts on how job candidates can stand out from their peers, I discovered an insightful article that summarizes my advice in a single post. Like I said, there are no revelations here; just a convenient way to jog your memory as the job search slogs on!

Click here to read the post.

Until next time...

Good Luck and Good Job Hunting!!!!!!! 

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Top 50 Healthcare and Medical IT Blogs

Healthcare informatics (HCI) is one of the fastest growing professions in the US. This is because the Obama administration has allocated billions of stimulus dollars to create electronic healthcare records (EHR) in an attempt to reduce healthcare costs. To qualify for EHR stimulus monies organizations must develop a plan and then take steps to implement it! Not surprisingly, because of the short ramp up phase for EHR, the number of available jobs far outstrips the numbers of qualified and skilled employees to fill them.

The acute shortage of qualified HCI employees resulted in a cover story in the December 2009 issue of Health Informatics entitled “Got People?” It is a great read and provides insights into the types of employees that HCI companies are looking to hire.  The EHR Initiative will likely create over 500,000 new jobs in the next few years. For those of you, who may be interested in pursuing a career in HCI, check out this list of the top 100 HCI companies to work for.

While there is a growing need for qualified persons to work in HIT, the field resembles a rapidly moving target with emphasis on different aspects shifting almost daily. To that end, it is extremely important to stay abreast of this rapidly changing industry. There is no shortage of bloggers in the HIT space and the Health Sensei over at the Health Sense Blog recently compiled a list of the top 50 HIT blogs that are worth following to stay abreast of the field. As an added benefit, the list is broken down into individual specialties within HIT.

Those of you who are already working in the field or considering HIT as a career choice ought to check out the list!

Until next time...

Good Luck and Good Job Hunting!!!!

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One-Hundred Year Old Scotch Whisky Found in Antarctica

I was introduced to single malt Scotch whisky about six years ago after my in-laws returned from a distillery tour of Scotland. Never a scotch drinker, after sampling a variety of brands, I decided that Islay single malts, most notably Lagavulin and Caol Ila, were my favorites. Over the past few years, several of my friends and I have been searching for the ultimate single malt.I thought that the Macallan 30 year old that my father-in-law received for his 90th birthday was pretty special.

Imagine my surprise after learning that a team of New Zealand scientists recovered five crates of 100 year old Mackinlay’s whisky from the ice below an Antarctic hut once used by the famed polar explorer Ernest Shackleton. While Mackinlay is a blend whisky and not a single malt, its age alone is extraordinary and impressive! Although some of the bottles had cracked because of the ice, the team who found them - restorers working on the hut - said they were sure the crates contained intact bottles "given liquid can be heard when the crates are moved".

Whyte & Mackay, which owns the McKinlay brand and supplied the whisky for Shackleton, launched the bid to recover the bottles for samples to test and decide whether to relaunch the defunct spirit. The drinks group's master blender Richard Paterson described the find as "a gift from the heavens for whisky lovers". He added,

"If the contents can be confirmed, safely extracted and analyzed, the original blend may be able to be replicated"

"Given the original recipe no longer exists, this may open a door into history."

Shackleton's expedition ran short of supplies on its long ski trek to the South Pole from the northern Antarctic coast in 1907-1909 and turned back about 100 miles short of its goal.

His loss—our gain!

 

Glaxo Continues to Remain Tight-lipped About Looming Job Cuts

Many people, most notably GlaxoSmithKline employees, assumed that GSK management would disclose at its earning call yesterday how many people would lose their jobs in the company’s next round of job cuts announced earlier this week. Surprisingly, management decided not to announce the breadth and depth of layoffs ostensibly increasing the drama and anxiety of its employees about the cuts.

Management’s decision not to disclose the number of employees who would lose their jobs after publicly announced that it would cut up to 4,000 jobs means one of two things according to Jim Edwards of the BNET blog.

“Either that GSK itself has not finished calculating it; or that management believes there’s some sort of PR advantage to not actually saying out loud what everyone already knows.”  

Based on public statements made by GSK spokespeople, Edwards has identified several vulnerable areas where jobs are likely to be cut. These include R&D across the board and one therapeutic area, neuroscience. According to bloggers and insiders who leaked information to the public, the asthma drug Advair may be at risk, as well as metabolic disease product development and sales representatives. Also, there will be reporting structure changes and less emphasis will be place on new product launches in the US. The recent decision to not seek US regulatory approval for GSK’s new, pneumococcal vaccine Synflorix, despite garnering EU approval tends to substantiate this idea.

Elimination of neuroscience as a therapeutic area of interest for GSK was clearly enunciated when the company mentioned during the earnings call

 “Today, we have announced proposals to cease discovery research in selected neuroscience areas, including depression and pain.”

Today, GSK announced that it would close a research center in Verona Italy that specializes in neuroscience research. Approximately 500 workers will lose their jobs after the facility is closed. Unions representing the Italian workers also disclosed in an e-mail message that six facilities worldwide besides Verona will also be closed by GSK.

Less obvious, but clearly written between the lines was the statement made about R&D.

"We have ‘externalised’ approximately 30% of GSK’s discovery research. We are already conducting discovery research with 47 external partners. Our goal is to further increase the level of externally sourced compounds in our pipeline …"

"… We are also looking to reduce R&D infrastructure costs."

Perhaps what may be most troubling to GSK employees who ultimately lose their jobs is the $900 million or more spent on legal fees over the past year. GSK didn’t disclose why the company had incurred such enormous legal bills.

The recent spate of layouts doesn’t mean that any big pharma companies are in financial trouble. As previously mentioned, most of the layoffs are based on future economic predictions and projections which may or may not be realized. Companies are cutting staff and implementing cost savings measures simply to bolster their stock prices and give investors their expected ROI. The economic downturn has provided pharma companies with excellent cover to downsize at will without anybody asking any tough questions. While I feel the pain of workers who have either lost or soon will lose their jobs, the downsizing taking place over the past three years has been a long time in the making. I suspect that many well paid veteran employees turned a blind eye to the internal changes and cues that may have signaled their ultimate demise. 

While downsizing will likely have its anticipated short term effects i.e. bolster flagging stock share prices, it will ultimately hurt the future economic prospects of most big pharma companies. This is because pharma companies will lose many of the talented and experienced workers whose previous hard work and sacrifices contributed to their past successes.  When are the overpaid pharma executives going to realize that it is the rank and file, not them that bring creativity, innovation and ultimately financial rewards to their stakeholders?

Until next time...

Good Luck and Good Job Hunting!!!!!!!!!

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Bristol Myers Squibb: Downsizing With a Twist

The past couple of weeks have been awful for employees at AstraZeneca and GlaxoSmithKline after both companies announced massive worldwide layoffs. Interestingly, the downsizing that has taken place at Bristol-Myers Squibb (BMS) in recent years has escaped notice; mainly because media attention has been focused on the sale of two of its non-pharmaceutical divisions, Convatec and Mead Johnson. The sale of these two divisions brought in roughly $8.0 billion giving BMS one of the largest cash reserves among major pharmaceutical companies. 

BMS announced two years ago that is would cut its global work force by 10 percent by 2011. Layoffs and cost cutting measures at BMS have been mainly driven by the impending patent expiry of the blockbuster anti-clotting agent Plavix and several other drugs. Plavix reportedly accounts for a disproportionate amount of the company’s annual sale revenues. Despite its new found largess, the company continues to eliminate jobs and shed employees. To make matters worse, BMS confirmed today (as reported on both Pharmalot and the WSJ Health Blog) that it will eliminate pay raises in 2010 for the people who still have jobs at the company. Luckily, bonuses were not eliminated. But as most people who work at big companies will tell you, bonuses are not guaranteed and discretionary. Check out the 2008 total compensation packages (salary, stock options, stock awards, pension etc).

2008 Total Compensation for BMS Executives
Name Title Compensation ($)
James Cornelius CEO/Chairman of the Board 25,037,768
Anthony Hooper Pharmaceutical Division President 6,047,495
Elliot Sigal Divisional President/CSO/Executive VP 9,643,489
Lamberto Anderottis COO/Executive VP 10,755,297

While I don’t profess to have the credentials to be the CEO of a major pharmaceutical company, it doesn’t make sense to me to freeze the salaries of employees who are already overly anxious about whether or not they will have jobs when the next round of layoffs take place. Isn’t morale already bad enough?  Does management think employees will be at the top of their games and willing to work hard if they are constantly worrying whether or not tomorrow may be their last day of work?  Of course, naysayers will say that BMS employees should suck it up because they at least have jobs. However, I contend that management ought to invest a portion of the $8.0 billion in its employees rather then use it to buy several more companies to convince Wall Street analysts that BMS is truly a “next generation biopharmaceutical company.”  After all, employees are any company’s most valuable asset!

Until next time....

Good Luck and Good Job Hunting!!!!!!!!!

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Cruel and Unusual Punishment: "Debarking" Your Dog

There was a very disturbing article on the front page of today’s New York Time about an increasingly popular practice of debarking dogs by people who live in urban areas like New York City. Debarking is accomplished by severing a dog’s vocal cords. The practice may be more widespread than reported because of nuisance pet policies imposed on apartment owners by co-op boards in the city. According to the article, the surgery usually leaves the animal with something between a wheeze and a squeak in lieu of a bark.               

While I am not a card-carrying animal rights activist and find excessive barking annoying, I am a dog owner and a biologist who strongly believes in evolution. And, as far as I am concerned, if dogs weren’t meant to bark they wouldn’t! Taking away a dog’s only means of verbal communication (one of my dogs “whines” when she needs to go out and the doggy door is shut) is, in my opinion, detrimental to a dog’s physical and behavioral well being. As one animal behaviorist said in the article:

“Dogs are usually barking because of some frustration. It’s frustrating to be a sheepdog with no sheep. What I’d be concerned about is, if you are debarking a dog and it has an underlying happiness.”

Proponents of the procedure say that it is a harmless procedure and dogs that have been debarked don’t act any differently than they did before the operation. Luckily, many younger veterinarians have deemed that the surgery unnecessary and unethical and refuse to perform it.

My first experience with debarking was after I inadvertently purchased my two dogs from the daughter of a notorious and nefarious New Jersey-based puppy mill breeder. I learned that it is not uncommon among puppy mill owners, to silence their dogs to prevent detection by authorities by shoving metal rebar down their throats. The repeated assaults on a dog’s vocal cords caused scarring and sometimes rupture which, in turn, renders the animal unable to bark. Imagine my outrage when I read that some veterinarians knowingly and willingly perform this surgery because pet owners requested that it be done!

I think the practice of debarking is repugnant, reprehensible and not justified in any circumstances. If your dog has a barking problem, hire an animal behaviorist or call Cesar Milan, aka the Dog Whisperer. It is likely there is an underlying behavioral problem or cause of the problem that can be fixed by behavior modification or pharmacological interventions. Debarking surgery is a convenient and facile solution for pet owners who say they love their dogs but are unwilling to spend the time and effort required to solve the problems. 

In conclusion, if dogs weren’t meant to bark then they would not have when they first appeared on the planet!!!

Until next time...

Good Luck and Don't Forget to Hug Your Puppy Today!!!!

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Job Cut Update: GlaxoSmithKline Mum on Number of US Jobs that will be Lost

Despite the announcement late last week in the London Sunday Times that GlaxoSmithKline (GSK) will eliminate 4000 jobs worldwide, company official are refusing to disclose the number of worker who will lose their jobs in the US. Cuts are expected throughout the US including GSK’s R&D facilities in the Philadelphia, PA area and at its US headquarters in Research Triangle Park, NC which employs roughly 5,000 people.

GSK officials typically refuse to share detailed information on how layoffs affect its Triangle work force. Nearly a year ago, the company cut an undisclosed number of workers at a customer response center in RTP. GSK announced a first cost-cutting initiative in October 2007, eliminating thousands of jobs worldwide, and then it expanded that effort in February 2009 with many hundreds losing jobs at it North Carolina facilities in RTP and nearby Zebulon.

This coming Thursday is expected to be pink slip day at GSK.

Until next time....

Good Luck and Good Job Hunting (forget RTP)!!!!!!!

 

Job Cut Update: GlaxoSmithKline Mum on Number of US Jobs that will be Lost

Despite the announcement late last week in the London Sunday Times that GlaxoSmithKline (GSK) will eliminate 4000 jobs worldwide, company official are refusing to disclose the number of worker who will lose their jobs in the US. Cuts are expected throughout the US including GSK’s R&D facilities in the Philadelphia, PA area and at its US headquarters in Research Triangle Park, NC which employs roughly 5,000 people.

GSK officials typically refuse to share detailed information on how layoffs affect its Triangle work force. Nearly a year ago, the company cut an undisclosed number of workers at a customer response center in RTP. GSK announced a first cost-cutting initiative in October 2007, eliminating thousands of jobs worldwide, and then it expanded that effort in February 2009 with many hundreds losing jobs at it North Carolina facilities in RTP and nearby Zebulon.

This coming Thursday is expected to be pink slip day at GSK.

Until next time....

Good Luck and Good Job Hunting (forget RTP)!!!!!!!

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Why Generic Drug Companies Will Dominate Future Pharmaceutical Markets

The loss of over 200,000 pharmaceutical jobs over the past three years has been mainly driven by the anticipated loss of revenue from blockbuster drugs that will lose patent protection by 2013. While drug makers frequently cite blockbuster patent expiry as the reason for the need to downsize, they rarely provide the business and economic metrics, numbers and statistics that have influenced their decisions. 

Patricia Van Arnum, Senior Editor of Pharmaceutical Technology wrote a fascinating article in this month’s issue of Pharmaceutical Technology Europe that skillfully outlined the economic forces that are driving branded pharmaceutical companies to downsize and reorganize. According to the article, in October 2009 the pharmaceutical intelligence firm IMS estimated that the global pharmaceutical market is expected to growth 4-6% in 2010 and reach $825 billion. Market growth at an annual rate of 4-7% is expected to continue through 2013 and the size of global pharmaceutical market is projected to exceed $975 billion. The US pharmaceutical market, the largest in the world, is expected to drive much of this growth. However, the growth of the American market is only expected to be 3.5% in 2010. In market contrast, China’s pharmaceutical market is expected to increase by a staggering 20% per year and contribute 21% to the overall growth of the global pharmaceutical market by 2013. 

While prospects for the US market are better than originally anticipated, the loss of nearly $137 billion in revenues in 2013— because of patent expiry of blockbuster products—coupled with fewer new drug approvals are the factors that will limit the growth of the global pharmaceutical market to single digits through 2013 and likely beyond. Some of the drugs slated to lose patent protection by 2013 include Lipitor (atorvastatin) by Pfizer, Plavix (clopidogrel) by Sanofi-Aventis and Bristol-Myers Squibb and Seretide/Advair (salmeterol and fluticasone) by GlaxoSmithKline. Lipitor, Plavix and Seretide were the number one-, two- and foruth best-selling drugs in 2008 with global sales of $13.7 billion, $8.6 billion and $7.7 billion respectively.

The increasing growth of the generic pharmaceutical industry is best reflected in the concomitant growth of merchant active pharmaceutical ingredient (API) manufacturing industry. In the API world, there are two types of manufacturers; the so-called captive API producers or companies that exclusively manufacture APIs for finished, branded products and merchant manufacturers which are third party providers of APIs. Over the past four years or so, the growth of the merchant API market for generic products has substantially outpaced the growth of the API for innovator products. For example, from 2004-2008 the merchant market for generics grew at an average annual rate of 9.1% from $12 billion in 2004 to $17 billion in 2008 according to a recent report by the Chemical Pharmaceutical Association (CPA). In contrast, the CPA determined that the merchant market for innovator/branded APIs only increased at an average annual rate of 4.4% from $16 billion in 2004 to $19 billion in 2008. Looking ahead, the worldwide market for merchant APIs is projected to grow at an average annual growth rate of 6.8% through 2013 to about $50 billion. During this period, growth of innovator APIs is expected to be about 1.8% whereas the growth of generic API is expected to be a robust 11.4%.

The US is currently the largest market for generic APIs and consumed roughly 22.9% of the total global demand for generic APIs in 2008. China, which is the second largest consumer of generic APIs, consumed 19.2%. While the US is expected to remain the largest consumer of both innovator and generic APIs, China is projected to become the largest consumer of generic APIs in 2013 capturing a 26% share of the total generic API market (the US will be number 2 with 20.5% market share).

According to industry analysts, China, India, Latin America and Central and Eastern Europe (most notably Russia), represent attractive growth opportunities for generic APIs. India and China now account for roughly 25% of the global generic market and demand in these countries is expected to remain strong for the foreseeable future as the middle class continues to emerge. To that end, China is projected to have the highest average annual growth rate at 18.4% and India’s market will grow by 14% through 2013. Similar growth is expected for the Eastern European, Russian and Brazilian generic API markets.

While the economic size of emerging generic markets is still small compared with those of the US, Western Europe and Japan, it signals that generic drugs will likely drive the future growth of the pharmaceutical industry. The lack of innovation and rising costs of branded, prescription drugs in developed nations is the main driving force behind the rapid emergence of the generic drug industry. That said, is it any wonder why Pfizer is thinking about entering the generic pharmaceutical business and that Western drug companies are shedding scientists and sales people in the US and Europe and growing the sizes of their R&D and sales force staffs in Asia, Eastern Europe and Latin America? Honestly, if I had any money left to invest, I would seriously be considering traded generic pharmaceutical manufacturers—their future success is almost guaranteed!

Until next time...

Good Luck and Good Job Hunting!!!!!!!

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