Alcon Announces Plans to Expand Its Workforce In Texas

Despite a stalling economy, there are signs that some American companies are hiring and helping to improve local economies. A good of example of this is Alcon Laboratories located in Fort Worth, Texas. The company, which specializes in vision products, today announced that it leased 87,000 sq. feet of office space to house 400 new employees that it is moving into the Fort Worth area.

The company immediately needed the space to accommodate employees relocating from Atlanta and to house new hires as the company plans to expand existing facilities in south Fort Worth. Alcon was acquired this past April by Novartis, which operate the Atlanta-based CIBA Vision and Novartis Ophthalmic Units which are being consolidated into Alcon’s existing Forth Worth operations. While some of Novartis’ Atlanta employees lost their jobs as a result of the Alcon acquisition, many of them are relocating to new jobs at the Forth Worth facility.

Alcon notified Fort Worth city officials that it plans on expanding its current workforce of 3,200 to about 4,000 and spends millions of dollars to expand existing facilities over the next few years. Ironically, while most big US pharmaceutical companies are slashing domestic jobs and investing in emerging markets like China and India, Novartis, a Swiss company, is investing in America! Go figure!!!!!!!

Until next time...

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

 

Astra Zeneca Will Layoff 1,150 Sales Reps

Last week, US unemployment dipped to 8.6%, it lowest level since 2008. Stock markets rose and everyone was buoyed by a possible economic recovery. What a difference one week can make. Today, Astra Zeneca announced that it will layoff 1,150 sales reps; a few short weeks after announcing plans to eliminate 400 jobs at is US headquarters in Wilmington, DE. The company currently employs about 61,000 workers worldwide, including 14, 000 in North America.

According to the president of Astra Zeneca US, today’s announcement is part of the larger layoff of 10, 400 employees announced back in 2010. These layoffs are largely the result of loss of patent protection for several of Astra Zeneca’s largest selling drugs including Crestor (cholesterol), Nexium (acid reflux) and Sereoquel (anti-pyschotic).  Today’s announcement brings the total of US pharmaceutical employees who lost their jobs this year to about 20,000 according to a post on the Pharmalot blog.

Tis the season, after all!

Until next time...

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

 

Debunking the Myth That There is a Shortage of Qualified American Life Sciences Employees

Despite the fact the US unemployment rate has hovered around 9.0 percent for the past several years and over 200,000 pharmaceutical employees have lost their jobs since 2001, many life sciences executives contend that they cannot find qualified employees to fill job openings at their companies. Most executives blame the US education system for not providing prospective employees with necessary training and immigration laws that prevent companies from hiring highly-skilled foreign workers. According to a recent survey conducted by the staffing company ManpowerGroup, over 52% of US employers that they have difficulty filling open positions because of talent shortages.  Some other revealing statistics about employer’s attitudes include:

  • 47% of employers blame job candidates’ lack of hard job or technical skills for their inability to hire
  • 35% of companies cite job candidates’ lack of experience as a reason not to hire
  • 25% blame lack of business knowledge or formal educational qualification as a deterrent to hiring

While a majority of US corporate executives may believe this, the reality is that employers simply cannot find employees to accept jobs at the wages that they are willing to offer! In other words, there is a plethora of skilled American workers out there; but many US employers are willing to outsource or hire skilled foreign nationals who frequently work for lower wages than most Americans. Further, American employers are unwilling to spend money to train college graduates or re-train existing employees who may be able to step into these so-called difficult-to-fill positions. This may help to explain why an increasing number of students are willing to accept unpaid internships or, in some cases pay to work at companies for free to garner valuable industrial experience which may ultimately lead to a job.

In a recent article in the Wall Street Journal, Peter Cappelli, the George W. Taylor Professor of Management at the University of Pennsylvania’s Wharton School, offered three possible solutions to the current American unemployment conundrum

Work with education providers

If job candidates lack the skills or qualifications to do certain jobs, companies ought to make them go to school to acquire them. To that end, a growing number of community colleges in North Carolina and New Jersey have partnered with prospective employers to develop courses or degree programs tailored to meet their employment needs. For example, about 10 years ago my local community college (Mercer County College) developed a program (in a partnership with the clinical research company Covance) to train students interested in becoming clinical research assistants and managers. Not surprisingly, many of the students enrolled in the program ultimately where hired by Covance. 

In another variation of this model, extant employees, who may be interested in advancing their cares, would be able take classes at local community colleges (in off hours) and have their tuition subsidized via company tuition reimbursement programs. This would help to obviate the high costs and inordinate amount of time typically required to hire external candidates for newly created positions.

Reintroduce on-the-job training programs

Back in the day, companies tended to hire persons who were the brightest, most talented and most likely to benefit an organization.  New hires were required to participate in internal training programs so that they would better understand their positions and allow management to best evaluate new talent. Generally speaking, this allowed most companies to operate more efficiently; mainly because this allowed managers to determine the best fit of new hires into the existing corporate structure. Sadly this is no longer the case at most companies. These days, companies tend to hire worker who possess the technical skills and qualifications to do a certain job and are expected to “hit the ground running” Put simply, short term needs are placed before the long term needs and future success of an organization.

Promote from within

According to data from the talent management company Taleo Corp., in recent years a surprising two-thirds of job vacancies, even in larger companies, have been filled by outside hires. While it may be cheaper to hiring from the outside, the loss of experienced workers and historical corporate knowledge may affect a company’s performance and ultimately its bottom line.

While the US economy is beginning to show signs that it is beginning to recover, I believe that surest way to prosperity is to put Americans back to work. Although this may require a substantial financial investment by US corporations, we simply can no longer rely on outsourcing or a cheaper immigrant workforce to allow American to continue to compete on the world stage.

Until next time...

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

 

Move Over China and India: Latin American Markets Are Sizzling

While China and India have gotten the most attention as emerging pharmaceutical markets, Latin American markets most notably Mexico and Brazil (okay, it is a South American country but it can be included in Latin America) have been quietly expanding as rapidly as the Indian and Chinese markets. To wit, Denmark-based, Novo Nordisk—the world’s largest insulin maker—recently announced that it will be beefing up its medical consultant (aka sales reps) presence in Latin America over the next two to three years. During this period, the company expects to increase its current headcount of 300 to 800 employees.

Novo currently holds a 50 percent share of the Latin American insulin market. The company currently generates annual sales in Latin America of approximately $360 million. But, its main rivals Sanofi Aventis and Eli Lilly & Co, which sell faster-acting insulins, are beginning to cut into Novo’s market share.  The solution: add more sales reps in the region. While this may be great news for Latin American sales reps, it is not good news for American sales reps. Unless, of course, these reps speak Spanish and are willing to relocate!

Until next time...

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

 

Looking for a Chemistry Job? This Webinar May Help

I received a heads-up from the American Chemical Society’s (ACS) Sergio Lewis about a free webinar entitled “How to Secure and Nurture a Vibrant Chemistry Career in the 21st Century.” The webinar is scheduled for December 1, 2011 from 2:00-3:00 PM and will be led by Brian Fahie, PhD from Eli Lilly & Co. The presentation will be followed by a Q&A session.

For more information you can download the program here. To register follow this link.

Until next time...

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

 

Generic Drug Manufacturer Teva Will Eliminate 1,500 US Jobs

After completing the $6.8 billion purchase of Pennsylvania-based Cephalon, Teva, the world’s largest generic drug manufacturer announced plans to eliminate about 1,500 US jobs, most of them at Cephalon. Cephalon, which has several marketed products, currently employees about 3,700 US-based persons. This means that Teva will cut Cephalon’s workforce by about 40 percent.

According to a post on today’s Pharmalot blog, a company spokesperson said that the jobs that will be eliminated will be those that overlap with those functions already being performed by Teva. Layoffs at Cephalon were not unexpected as the company had previously identified approximately $500 million in possible savings that it would implement after the deal closed.

If layoffs at pharmaceutical and biotechnology companies continue at their current pace, I am not sure that there will be a US life sciences industry in the future.

Until next time...

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

 

Some Good News: Allergan Will Open A R&D Facility in New Jersey

The New Jersey Governors Office announced today that the healthcare company Allergan, Inc, known mainly for its eye care products, plans on opening an R&D facility in NJ that will inject $12 million in private investment into the state’s beleaguered economy and add several hundred jobs over the next three to five years. Allergan currently employs about 10,000 people worldwide. Allergan chose New Jersey after it received a $17 million grant from the state to build the facility.  At present its size and location is yet to be determined.

While New Jersey Governor Chris Christie (possibly a vice president candidate) is taking as much credit as possible for Allergan’s decision to open an R&D facility and create jobs, it may be too little to late for New Jersey—home to most of the world’s largest pharmaceutical companies—which has lost tens of thousands of life sciences jobs because of mergers, reorganizations and layoffs.

Nice try Chris but you will have to do better than several hundred new jobs before you can claim that you are solely responsible for New Jersey’s economic recovery. I hope he is selected as a Vice Presidential candidate; then New Jersey will have a chance to right itself after the damage that Christie caused in his first two years as governor.

Until next time...

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

 

Statistics and Job-Related Facts You Should Know About Careers in the Life Sciences

Fewer and fewer American college students are choosing to major in Science Technology, Engineering and Math (STEM). This has been an ongoing trend in the US for the past two decades. However, within the STEM majors, the life sciences are faring the best. While I believe that the US needs more life sciences majors to remain competitive with the rest of the world, there are a few things you ought to know before you take the life sciences plunge.

  1. More than 86,000 American biology majors graduate each year
  2. About 58% of all bachelors’, masters and doctorates in the life sciences are awarded to women (who continue to earn substantially less than their male counterparts)
  3. Entry level salaries for biology majors range from $40,000 to $50,000 per year (computer and engineering students start at salaries of $55,000 to $65,000 per year)
  4. PhD degrees in the life sciences take on average six years to complete
  5. Postdoc starting salaries range from $37,000 to $40,000 per year
  6. More than a third of biologists are still working as postdocs or in other non-tenure track jobs six years after receiving their PhD degrees
  7. Only 14% of PhD-trained biologists win tenure track positions within six years of receiving their degrees
  8. Because of tighter funding for government jobs and the loss of 300,000 pharmaceutical jobs in the past decade, many newly-minted PhDs are forced to become serial postdocs (supported by soft money) or help senior scientists set up and run their laboratories waiting to see if they can win permanent academic employment
  9. Fewer tenured life sciences professors are retiring because of the financial downturn

If you still want to be biology major after reading this post, then I think that you know what career path you ought to pursue! Just sayin’......

Until next time...

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

 

Sanofi Aventis Announces New Layoffs

Despite a lull in layoffs over the past summer, this fall is shaping up to another bad one for pharmaceutical employees. Late last week Novartis announced that it was laying off about 2,000 employees. Prior to the Novartis announcement, Amgen, AstraZeneca, and Merck have all disclosed plans to eliminate thousands of jobs on a worldwide basis.  To add insult to injury, Sanofi Aventis told its employees today that the company would be shifting operations from New Jersey to Massachusetts and that hundred of employees would be losing their jobs. While a Sanofi spokesperson refused to specify the exact number of employees who may lose their jobs, estimates are in the hundreds, mainly in R&D and sales in the oncology and cardiovascular areas.

The announcement was not unexpected because several weeks ago the company announced that it would cut another $2.9 billion in costs to offset pending generic encroachment on its top selling medications Plavix and Avapro. Further, consolidation of Sanofi’s R&D operations and its early development work to the Boston area is mainly a result of its acquisition of Genzyme earlier this year. To that end, later-stage development work will remain at Sanofi’s headquarters in Bridgewater, NJ while pharmaceutical R&D, Sanofi Pasteur biologics and global oncology has already been moved to Massachusetts. At present, Sanofi employs about 3,000 people in New Jersey and 5,000 in Massachusetts (including Genzyme employees).

Interestingly, while job cuts are taking place in western markets, hiring is brisk in emerging like China and India. For example, several months ago Pfizer announced that it was closing down its antibiotic discovery program in the US and moving it to China. Likewise, Novartis plans on sending some medicinal chemistry and regulatory work overseas to India. If the downsizing and outsourcing trends continue at their current pace, it will become increasingly difficult for most Americans to find pharmaceutical R&D jobs in the US. Can anybody still wonder why we may be losing ground to countries like India and China?

Until next time...

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

 

Tis The Season: Novartis to Cut 2,000 Jobs

It seems that big pharma always waits for early Fall to announce pending job cuts. Novartis, Europe’s second largest pharmaceutical company, announced two days ago that it would eliminate 2,000 jobs mainly in the US and Switzerland but add new employees to operations in emerging markets like India and China. Novartis is just another addition to a growing list of big pharma companies that are slashing jobs in the US and Europe and hiring new employees in lower cost markets.

The announce cuts represent a 1 percent reduction in Novartis’ global workforce. The cuts will be implemented over the next three years and are predicted to save the company in excess of $200 million annually. 

According to a company spokesperson, Novartis will eliminate 1,100 jobs in Switzerland, with the balance in the U.S., Jimenez said. Some research will be moved to the U.S. from Switzerland, and reductions will be made in technical research and development, data management, clinical trial monitoring, drug safety and regulatory affairs. Novartis will add 700 positions in China and India in data management and trial monitoring.

As part of the reorganization and job cuts the company will close an over-the-counter drug manufacturing plant in Nyon, Switzerland and chemical production facilities in Basel and Torre, Italy.

The current cuts come after Novartis announced last November that it would eliminate 1400 U.S. sales jobs and more recently in March that it would reduce operations in the UK.

Although life science pundits recently suggested that job cuts in the pharmaceutical industry are slowing and may have hit rock bottom, it appears that the carnage is still taking place and will likely continue well into the future as more resources and monies are invested in emerging markets.

Until next time...

Good Luck and Good Job Hunting

 

Emerging Job Opportunities in the Life Sciences Industry

I just returned from the American Association of Pharmaceutical Scientists (AAPS) meeting in Washington DC where I gave three talks about biocareer development strategies. One of the talks, "Emerging Job Opportunities in the Life Sciences Industry" was reported on (see below) by a writer from Fierce Pharma.  While I don't usually "too my own horn." about my achievements, I thought a Number 2 ranking in the publications daily top 10 list was certainly worth a mention.  

 
New job opportunities emerging in Big Pharma
October 26, 2011 — 7:24am ET | By Maureen Martino

Since 2001, 300,000 pharma employees have lost their jobs, primarily in R&D and sales. That's according to Clifford Mintz, the founder of BioInsights, which develops and offers bioscience education and training. Mintz spoke at a session on new job opportunities in biotech and pharma at the annual AAPS meeting in Washington, D.C. While the losses have been steep, they're balanced by emerging, in-demand careers in the industry.

The industry's struggles are well-known: Many companies are facing loss of exclusivity on their biggest sellers but have little in the pipeline to pick up the slack. Productivity is dropping as the cost of bringing a new drug to market soars. Government and payors want more effective drugs for less money. The list goes on.

Developers are looking to new markets and new technologies to address these issues. But how do these trends play out for the pharma job seeker? Many people, particularly Ph.D.s, may have to consider getting additional training if they want to land their dream job. "Companies used to be willing to just hire smart people. But with the economic downturn and global competition, companies can no longer afford to invest in people who have promise. They need to see proven skills," Mintz explained. With the right blend of skills and experience, however, there still some pharma jobs that are in demand.

Clinical Research and Regulatory Affairs

"Clinical research is the lifeblood of the industry," Mintz said. As developers expand in emerging markets, there's a particular demand for people to manage and organize overseas clinical trials. "There's a huge need for clinical research professionals worldwide," he said, noting that most Phase I and II trials are conducted outside of the U.S.

Another one of the industry's perennial needs is regulatory affairs professionals. "Regulatory affairs experience is a skill that all companies large and small would die to get their hands on," explained Mintz. The increasingly complex and uncertain world of FDA regulation--particularly when it comes to new technology and science--means that companies are always on the prowl for individuals with solid regulatory knowledge and ability to interact with the FDA. You can read more about the demand for clinical research and regulatory affairs jobs here.

Biomanufacturing

The pharma industry's interest in biologics remains strong--just look at Sanofi's buyout of Genzyme, or Roche's purchase of Genentech. They're lured by disease-altering biologics that are less likely to face generic competition than traditional drugs. As a result, there's been increased demand for professionals who can navigate the complex world of biomanufacturing. Those with a background in upstream and downstream processes, large-scale protein purification, fermentation technology and bioengineering can make the transition to biomanufacturing.

Healthcare Information Technology

The rise of bioinformatics and genomics coupled with the push for electronic medical records has created jobs in healthcare information technology. Health informatics--the intersection of healthcare and IT--is ideal for people with expertise in genomics, bioinformatics or software that understand how to work with and manipulate large data sets and databases. The Obama administration has made EHRs a priority, and there's a need for software engineers and biologists who are comfortable working with medical information.

Medical Devices

"The medical devices industry has been experiencing explosive growth for the past decade," Mintz said. Regulatory hurdles in the medical device industry are much lower than they are for biologics or small molecules, making the industry a more stable alternative to biotech and pharma. The demand for devices, which address problems that can't be treated with medicine, will continue to grow as the population ages. Job seekers with strong backgrounds in bioinformatics, genomics, engineering and translational medicine are best suited to this field.

Medical Communications

Medical communications--which includes medical writing, editing, graphic design and science journalism--continues to boom. The demand for these jobs has risen because companies need a slew of communication materials to send to patients, physicians, researchers, investigators and the general public about their products and business.

Patent Law and Technology Transfer

Recent changes to U.S. patent laws have increased the demand for patent agents and patent attorneys in the life sciences field. Pharma's growing reliance on basic research from learning institutions means that there's a need for technology transfer experts. These experts manage the patent estate and intellectual property of universities and colleges that may engage in licensing deals with the industry. A law degree is a must to compete in this field.

Until next time...

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

Optimizing LinkedIn As A Job Search Tool

While LinkedIn is not considered by many to be a “true” social networking site (some consider it to be little more than a place to post an electronic resume), it is increasingly becoming the place to go to look for or find a job. Most recruiters and many hiring managers used LinkedIn to source qualified candidates for job open at their organizations. That said a well-thought-out and carefully written LinkedIn profile can make the difference between employment or not.

To that end, I came across a great article entitled “Five Minutes to Optimize Your LinkedIn Profile”. Its author, Ian Levine, provide some excellent advice and tips about how to craft a LinkedIn profile so that you will be found by recruiters and prospective hiring managers. Not surprisingly, the key to success is peppering your profile with keywords that are contained in standard job ads in your industry. According to Levine, LinkedIn appears to scan only four categories: Professional Headline, Titles, Specialties and Industries. LinkedIn scans these categories for frequency of the keywords selected.

One way that Levine recommends to assess whether or not your profile is a good one is to enter specific keywords that are consistent with the type of job(s) that you are interested in landing. If your profile comes up at the top (or close to it) of these types of searches than your profile is a good one. A failure to appear in the search results suggests that your profile may need some additional work to land a job!

Until next time...

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

 

Amgen Hires Tony Hooper and Lays off Nearly 400 Employees

Last week Amgen announced that it was reorganizing its R&D structure and that layoffs were likely. Today, the company announced that it had hired Tony Hooper, very recently the former senior vice president, Commercial Operations, and president, U.S., Japan and Intercontinental at Bristol Myers Squibb (BMS) to overhaul commercial operations. Shortly after the Hooper announcement almost 400 Amgen employees learned that they would lose their jobs.

Hooper will replace Jim Daly as executive vice president of commercial operations at Amgen. During his 16 year tenure at BMS, Hooper ran commercial operations for all of BMS’ products in both mature and emerging markets.

Amgen is reorganizing its R&D efforts because its EPO franchise revenues are declining and it is preparing to launch its recently approved osteoporosis drug called Prolia. According to a post on today’s Pharmalot blog the R&D overhaul is not an across the board reduction but will affect multiple sites. At present, Amgen employs about 17,600 workers worldwide.

Until next time...

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

 

Big Changes In Store For Amgen Employees?

Remember when Amgen was the world’s largest and most profitable biotechnology company? That was way back in 2006 before its marketing and sales team got in trouble for “pushing” the sale of its erythropoietin (EPO) product Epogen and Aranesp beyond acceptable patient safety limits. This, along with a relatively thin new drug pipeline, has for the past five years or so relegated the company to second tier biotech company status.

To make matter worse, a company spokesperson mentioned its third-quarter earnings conference call today that the company is

 “...currently evaluating some changes within our Research & Development organization to improve focus and to reallocate resources to key pipeline assets and activities." This typically means that the possibility of layoffs is real. The last major restructuring of the company took place in 2007 and it resulted in the elimination of more than 2,000 jobs worldwide, including about 700 in Thousand Oaks.

This past June, Amgen announced plans to eliminate 134 jobs at two of its manufacturing sites in Colorado.

The company employs about 17,000 people, including about 6,200 in Thousand Oaks. Amgen also has research and development facilities in Thousand Oaks, South San Francisco,; Cambridge and Woburn, Mass.; Seattle; Burnaby, British Columbia, Canada; Abingdon, Cambridge and Uxbridge, Great Britain; and Regensburg, Germany.

In 2010, Amgen's revenue totaled $15.1 billion, while research and development cost $2.9 billion, according to the company. Its net profit last year totaled $4.63 billion, up slightly less than 1 percent from 2009.

Could this signal the beginning of the end of this once formidable biotechnology giant? If I was an Amgen employee I would be feverishly updating my CV right about now!

Until next time...

Good Luck and Good Job Hunting!!

 

Demand for Patent Agents and Attorneys Continues to Grow

Times are tough for many in the legal profession these days. However, the demand for patent experts including attorneys and patent agents is skyrocketing. According to an article in today’s NY Times, openings for patent attorneys account for more than 15 percent of law firm job openings while only 3 percent of lawyers in the US specialize in this area. The bottom line: it is a great time to be a patent attorney or agent in today’s tough economy.

Not surprisingly, many patent attorneys (and agents) usually have a background in science or engineering. And, because of the scarcity of qualified applicants many law firms are doubling their recruiting spending to meet the growing demand for specialists in intellectual property (IP) and patents.

One of the reasons for the growing demand is passage of the America Invents Act, the largest overhaul in the US patent system in the past 60 years. The legislation which changes how patents are reviewed and process is spurring competition between firms to higher IP specialist to ease the transition pain. At present, there are over 230 IP openings among more than 1400 lawyer positions nationwide. Many of the openings have been unfilled for over 90 days and more are added daily.

Currently, there are about 40,000 patent attorneys and agents registered with the US Patent and Trademark Office (USPTO). In order to register with the USPTO agents and lawyers are required to pass the patent bar examination. While registered patent agents have taken and passed the exam, they are not lawyers who are required to pass state bar examinations to become licensed attorneys. For those of you who may not know, you don’t have to go to law school to take the patent bar exam nor is a law degree required to take individual state bar exams (however, person who are not law school graduate are likely not to pass the state tests). Patent agents can prepare patents and prosecute cases with the USPTO but cannot litigate in court or draw up contracts. There are roughly 1.2 million licensed patent attorneys in the US according to the American bar association.

The greatest demand for IP attorneys and agents is in information and computing technology and the life sciences. Persons with PhD degrees in the life sciences can sometimes find work at IP and patent law firms. Also, you may be able to find work at a patent examiner with the USPTO! PhD degree holders who have passed the patent bar are even more desirable. However a law degree plus a PhD degree will almost certainly guarantee you employment at most IP firms. That said, before you decide to go to law school, I high recommend that you talk with IP professionals or read a few dozen patent applications (they can all be found at www.uspto.org) in your spare time. If you find the reading interesting or manage to stay awake after reading the fifth application than patent law may be a good choice for you. If not, I suggest that you consider other alternate career options.

Until next time...

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

 

Okay, Maybe Big Pharma Layoffs Are Not Over: AstraZeneca to Eliminate 400 US Jobs

Astra Zeneca today announced that it will eliminate 400 positions at the company’s Wilmington, DE headquarters. Most of the cuts will be in sales and marketing and the downsizing is intended “streamline portions of its commercial business to best serve patients in the US.”

According to a press release, about 70 of the estimated 400 job cuts will come from existing unfilled vacancies. Also, employees will have the option to choose to potentially leave the company with a possible package. All decisions will be finalized by early December.

Like many of its competitors, AstraZeneca is facing fierce competition from generic manufacturers and downward pricing pressures. The company currently employs 61,000 persons worldwide including 14,000 in North America.

Until next time...

Good Luck and Good Job Hunting!!!

 

Are Pharma Layoffs Over?

From 2001 to present, roughly 300,000 pharmaceutical employees have lost their jobs. That is a massive number; second only to the job losses in the automotive and financial services industries. The main reasons for the layoffs have been a lack of return on investment on R&D activities and impending patent cliffs in 2013 for as many as 15 blockbuster drugs. 

Ed Silverman who runs the Pharmalot blog speculated in a post yesterday that the number of pharma layoffs may be dwindling. His assertions are based on an analysis of the annual number of pharma layoffs provided by the outplacement firm of Challenger, Gray and Christmas. Ed’s wrote:

 “So far this year, pharma layoffs have totaled 19,076, and this includes the 13,000 job cuts planned by Merck, which is actually eyeing many foreign positions, therefore, swelling the latest tally. Last year, pharma eliminated 53,636 jobs, down from 61,109 in 2009, when annual layoffs peaked. In fact, the 2009 bloodletting was outsized compared with every other year - the next highest annual layoff tally occurred in 2008, when 43,014 industry cuts were announced. Between 2003 and 2007, the number of jobs that were eliminated ranged from about 15,000 to 31,000 annually, according to the firm.”

This led Ed to posit that the worst may be over and those pharma employees who still have jobs may be able to relax a bit. However, it is important to note (as Ed also points out) that many big companies are still purchasing or opening new  R&D and manufacturing facilities in emerging markets like India and China and more and more R&D jobs are being outsourced. Further, while many US pharma reps have lost their jobs hiring reps in emerging markets continues to explode. Interestingly jobs that are in demand and still available to Americans include those in regulatory affairs, compliance, IT, clinical operations and marketing. Unfortunately, these are very specialized jobs and many of those pharma employees who have been layed off lack the requisite skills to compete for those jobs!

While I think we may have seen the last of massive layoff in big pharma, smaller and less publicized layoffs will likely continue at many US life sciences companies. The downsizing trend taking place in America will likely continue until drug pipelines are populated with new candidates and life science executive realize that outsourcing R&D job is not a viable solution for their productivity problems.

Until next time...

Good Luck and Good Job Hunting!!!!!

 

Boston-Based Life Sciences Job Opportunities

Interest in the diagnostic sector of the life sciences industry began to wane shortly after development of a test for HIV in the 1980s. However, the emergence of molecular diagnostics and personalized medicine coupled with the 2001 anthrax attacks and the SARS outbreak have helped to reinvigorate this sector. In fact, the diagnostic industry is one of the fastest growing segments of today’s life sciences industry. 

For those of you who may not know, diagnostics tests are regulated in the US as medical devices not therapeutic entities. And, for the most part, the regulatory approval process for diagnostic tests is less stringent and quicker than that required for FDA approval of new therapeutic agents.

Unlike most pharmaceutical and biotechnology companies, companies focused on developing new diagnostic products are hiring. Boston-based Immunetics, a diagnostic company that focuses on developing tests to detect viral and bacterial pathogens including HIV, anthrax and others, is currently looking to hire a regulatory affairs and sales and marketing professional (Product Manager). 

The requirements for the regulatory affairs position can be found here whereas the qualifications for the sales and marketing opportunity can be found here. Neither of the two positions requires a PhD degree. However, persons with PhD degree who possess a strong background in regulatory affairs or pharmaceutical sales and marketing experience will be considered.

For those of you PhD degree holders out there, getting additional training in regulatory affairs or sales and marketing (for those with a business bent) would be extremely useful for those of you seeking employment in the life sciences or medical devices industries.

Until next time...

Good Luck and Good Job Hunting!!!

 

Looking for a Job in the Life Science Industry? Try China!

By now, most BioJobBlog readers have heard that China is poised to become a world leader in the life sciences. As some of you may already know, over 80 per cent of the worlds active pharmaceutical ingredients (APIs) that are used to produce FDA-approved medicines are synthesized in China and exported to manufacturing facilities throughout the world. Further, not a day goes bye without a press release about a new partnership forged between multinational life sciences companies and a Chinese partner. Finally, the Chinese government is heavily investing in the life science industry in an attempt to manufacture medicines for internal use and to export. 

Therefore, it should come as no surprise that Chinese life sciences companies are hiring. One such company is ShangPharma Corporation. ShangPharma was established in 2002 and has locations in Chengdu and Shanghai, China. It is one of China’s largest contract research organizations and employs over 1,600 persons. The company offers discovery and preclinical development services in both chemistry and biology including API and biologics manufacturing. 

The company is currently looking for a person with a PhD or Masters degree with expertise in CNS and/or cognitive subhuman primates (cymologous and/or rhesus monkeys) models. This is a Group Leader position and the ideal candidate will have a background in pharmacology and neurosurgery. Strong communication skills and the ability to speak and write reports in English are required. Please click here for more information or to apply for the position.

While working in China may not be the first choice for most Americans, it may be ideal for foreign students who trained in the US and have a good command of the English language. Whether you are Chinese or American, a sobering fact to remember is that almost 300,000 American pharmaceutical employees have lost their jobs since 2001; making this one of the worst life sciences job markets in history!

Until next time...

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

 

Merck Announces More Layoffs

After a relatively quiet summer, big pharma companies are beginning to ramp up layoffs once again. Novartis recently announced that more job cuts were likely and last week I got wind of Merck’s impending reorganization and layoffs from a colleague whose partner works for the company. Today, Merck formally announced that it had sent e-mails to employees about the new round of layoffs. Last July, Merck said that it planned to cut 12 percent to 13 percent of its workforce of about 100,000 by 2015 as it adjusts to market conditions and its 2009 acquisition of Schering Plough.

The layoffs will be part of the company’s restructuring of “select HQ functions and field groups within the U.S. Market: Marketing & Customer Solutions; Managed Markets & Policy; Strategy & Commercial Model Innovation; and the Neuropsychiatric and Women's Healthcare specialty sales teams,"

While it is not clear how many workers will be layed off during the next round of downsizing, industry insiders are speculating that about 5,200 of the total cuts could be U.S. jobs, with from 3,000 to 4,000 in New Jersey and Pennsylvania. A Merck spokesman would not comment on the state-by-state plans. The cuts through October won't be the end of the process, though.

In August, the company offered buyout packages to some employees, but it is unlikely that buyouts and voluntary retirements alone would meet the numbers that Merck executive expect to make. Interestingly, Merck spokespersons said that the company will continue to add new employees but cut jobs elsewhere. I suspect that most of the cuts will come in R&D and sales as they have in the past.

Until next time...

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

 

Abbott Laboratories and Progenics to Cut Jobs

Abbott Laboratories today announced it is eliminating 160 jobs in an attempt to shore up its diagnostics business. Most of the job cuts (150) will take place at the company’s Santa Clara, CA production facility. The remaining jobs will be eliminated at Abbott’s North Chicago corporate headquarters. 

Similarly, Tarrytown, NY-based Progenics announced that it was undergoing a strategic reorganization and it will reduce headcount by 38 or 26% of its staff. The company recently closed it manufacturing facility and discontinued work in virology and infectious diseases, the therapeutic areas that the company was founded on almost 25 years ago. The company is now working in the oncology area and has a prostate cancer diagnostic monoclonal antibody in early clinical development. 

Progenics has one approved product, RELISTOR (methylnaltrexone bromide) a subcutaneous injection treatment for opioid-induced constipation. Regulatory approval is pending for the use of RELISTOR to treat chronic, non-cancer pain. A Phase III clinical trial of an oral formulation of methylnaltrexone is in progress.

Until next time...

Good Luck and Good Job Hunting!!!!!

 

Seattle Biotech Dendreon To Lay Off 500 Employees

Dendreon, one of Seattle’s hottest and most visible biotechnology companies, yesterday  announced that it will lay off 500 employees or 25 percent of its workforce. The company’s only product Provenge—a prostate cancer vaccine that received FDA approval over a year ago—has been slow to be adopted and is lagging in sales. As of August 31 Dendreon had only 600 million in cash and investments. 

Dendreon staffed up to about 2,000 employees in anticipation of brisk sales of Provenge. Approximately, 100 jobs will be cut in Seattle and an additional 400 will be slashed at the company’s manufacturing facilities in New Jersey, Atlanta and Los Angeles. Because Provenge is a personalized prostate cancer vaccine, the company needed to create manufacturing facilities in close proximity to hospitals where patients are treated.

According to an article in the Daily Advantage “Dendreon reported in early August that quarterly gross revenues were only $51 million, about $7 million short of analysts' expectations, and it withdrew earlier projections that sales for the year would soar to $350 million or $400 million.”

Some BioJobBlog readers may recall that FDA approval of Provenge was not without some drama. There were allegations that there were conflicts of interest among several members of the advisory committee that FDA assembled to review the product (several members of the committee failed to disclose that they were consultants to companies that were competing with Dendreon for prostate cancer treatments). 

One of the main reasons for the slow sales of Provenge was the delay in reimbursements for physicians who used the product. It sometimes took Medicare, the largest provider of medical insurance in the US, three to five months to reimburse them.

Provenge costs about $93,000 for a three-stage course of treatment. According to the FDA, Provenge can increase the median survival time of patients with asymptomatic or minimally symptomatic metastatic castrate resistant (hormone refractory) prostate cancer.

Until next time..

Good Luck and Good Job Hunting!!!!!

 

Finally: A Scientific Analysis of Career Trends For PhD-Trained Life Scientists!

For the past decade or so, I have been suggesting to life sciences graduate students and postdoctoral scientists that their career options were becoming less limited and that it was good idea to begin to consider so-called alternate career options. Unfortunately, the information that I was providing these individuals was largely based on anecdotal evidence rather than rigorous scientific analysis.

Recently, however, two biocareer development specialists at the University of San Francisco (UCSF) Cynthia Fuhrmann, PhD and Bill Lindstaedt found that “midway through graduate training, UCSF students are already considering a broad range of career options, with one-third intending to pursue a non–research career path.” Further, they asserted that the scientific community has largely and collectively ignored many trainees who decide to pursue non-traditional research careers. Finally, the authors contend that “the lack of action in this arena is shocking, because “nontraditional” career paths are not alternative.”

Their article is a treasure trove of previous studies and statistical trends pertaining to the career trajectories for most PhD-trained life scientists. For example, several studies conclusively show that fewer than 20% of PhDs in the biological sciences have been moving into tenure-track academic positions within 5–6 yr of receiving a PhD. In fact, the most recent data show only 14% of these PhDs hold tenure-track positions. Forty-three percent were employed full-time in nonacademic settings. Fuhrmann and Lindstaedt’s current study clearly shows that tenure track positions are no longer traditional career options for most graduate students and postdocs and paradoxically they have actually become a “nontraditional or alternate career route.” In other words, greater than 80% of PhD life scientists that are trained in the US do not hold tenure track academic positions. Despite this egregious job placement rate, 100% of all entering life sciences graduate students are groomed for tenure track and research jobs!

The authors recommended that national standards be created for training and mentoring purposes. These standards would include an emphasis on career planning and professional skills development to ensure the long term success of PhD-level scientists who will broadly contribute to the global scientific enterprise. Also, they strongly suggested that career development become part of the life sciences graduate curriculum (something that I have been championed for the past 10 years). Finally, the authors contended that in order for these changes to occur, new attitudes and policies about career development must be collectively implemented at the national level. Unless this occurs it is unlikely that any systemic changes in life sciences graduate training will take place.

It is becoming increasingly obvious that the scientific community can no longer afford to ignore the limited job opportunities for the graduate students and postdoctoral scientists that they train. Graduate students and postdocs have rightfully become increasingly disillusioned about job opportunities after they complete their training. Sadly, many mentors and PIs are either unwilling or incapable of helping their graduate students and postdocs divine appropriate career paths for themselves.

It should come as no surprise that many Americans high school students have already eschewed science careers in favor of others because of long training requirements, low salaries and dismal employment prospects. And, unfortunately this trend continues to accelerate. To wit, a quick perusal of most graduate student rosters at most research institution will show that a majority of new students and postdocs are foreign nationals. While there is nothing wrong with training non-US citizens, it is becoming alarmingly apparent that if American students continue to shun science careers, the US will invariably lose its worldwide dominance in the life sciences in the-not-too-distant future.

Until next time,

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

 

Post Labor Day Job Cut Report

Despite the fact that no new jobs were added to the US economy in August, things were pretty quiet in the pharmaceutical layoff space. From what I was able to find, it appears that Alcon Laboratories will be moving about 100 jobs from Atlanta to Fort Worth Texas (I was recently in Fort Worth for the first time and I extend my sympathies to those Atlantans that may make the move). The consolidation is taking place because Novartis purchased Alcon in April and after acquisitions these sorts of things happen. Nestle, another Swiss company, had a majority ownership in Alcon. 

Interestingly, there appears to be some consolidation also taking place in the contract manufacturing space. Contract Pharma announced that it would close its Buffalo, NY manufacturing facility (purchased from Bristol Myers Squibb in 2005) and eliminate 128 jobs. Those employees who do not lose their jobs may have an opportunity to work in a nearby Ontario, Canada site. Likewise, UK-based United Drug, another CMO, will cut 150 jobs because of government-led regulatory decision to reduce health spending.

While none of these announcements were particularly noteworthy, Sanofi-Aventis’ announcement today that it will cut $2.9 billion in costs over the next few years was somewhat shocking but not unexpected. Most of the cuts will be in R&D and there will undoubtedly be massive downsizing and reorganization. 

According to a post on today’s Pharmalot blog “a presentation indicates that research and development costs are in the process of being cut by 12 percent from 2008 to about $1.1 billion, excluding Genzyme. And the total headcount over this same period is being reduced by about 22 percent, from roughly 13,000 positions to about 10,000 jobs by the end of this year, again excluding Genzyme.”

Today’s announcement of cut back is consistent with Sanofi’s business strategy over the past year or so which included plant closings and large sales rep layoffs Again, the Pharmalot blog reported “The upcoming round involves slashing about $700 million in expenses from Genzyme, the biotech that Sanofi purchased recently, as oncology units in the Boston area are combined.”

The cost cutting measures are in response to the impending loss of patent exclusivity for several of its blockbuster products most notably Plavix and unexpected attrition in the company’s late stage clinical development portfolio. This year sales of products facing patent expiry are expected to decline to $4.2 billion as compared with $10.6 billion in 2008. To cope with these difficulties, Sanofi has gone on a buying spree over the last couple of years spending $23 billion to acquire various companies with Genzyme being the crown jewel.

Meanwhile, Sanofi plans to file for approval of six new drugs this year and hopes that it can introduce 19 new drugs by 2015. I suspect that Sanofi’s aggressive M&A strategy may help the company reach that goal. That said, if I was a Sanofi or Genzyme employee, I would be dusting off the old resume right about now.

Until next time...

Good Luck and Good Job Hunting!!!!! 

Jooble: A New Job Search Engine

New job search engines come and go. That said, I was recently contacted by the folks who run Jooble, a job search engine that operates in over 42 countries. While I haven’t used it myself, this is what the company has to say about it.

“Jooble is a vertical job search engine that works in 42+ countries. We continue to expand our job database and each day Jooble has more than 100,000 new job listings

You may use the advanced search in Jooble and enter key words, such as location (city, state), salary ranges, date posted and many other options. Moreover, users can subscribe to our free mailing list which entitles you to daily e-mails delivery of the latest job listings based on keyword searches. This service will improve and accelerate your changes of finding that dream job. Please feel free to subscribe to our mailing list if you wish to get the best and latest job announcements.

Jooble operates in 42+ countries, so if you would like to find a job in other locations you may try to search jobs in: 

Argentina, Australia, Austria, Belgium, Belarus, Brazil, Canada, Chile, Colombia, Czech Republic, Denmark, Spain, Finland, France, Germany, Greece, Hong Kong, Hungary, Italy, India, Indonesia, Ireland, Japan, Kazakhstan, Mexico, Netherlands, Nigeria, Pakistan, Peru, Poland, Portugal, Romania, Russia , South Korea, Sweden, Switzerland, Taiwan, Turkey , Venezuela, Ukraine, United Kingdom, United States

Just Jooble and find your dream job in just few clicks!”

Check it out!

Until next time..

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

 

MedImmune to Stimulate Maryland Economy By Building A New Biomanufacturing Facility

Unlike many of its big pharma competitors which are shuttering US manufacturing facilities, MedImmune, the biologics division of London-based pharmaceutical giant AstraZeneca, Friday, opened a second bioproduction site in Frederick, MD.

The site which will employ 250 or more workers was constructed to manufacture MedImmune’s products including Synagis, a monoclonal antibody-based treatment against respiratory syncytial virus infections in high risk children.

The acquisition of MedImmune by AstraZeneca three years ago signaled the company’s commitment to increasing it biologics offerings in its historically-traditional small molecule drug pipeline. While the reasons for the company’s decision to build a second plant in Frederick aren’t entirely clear, it is great news for Maryland’s expanding commitment to biotechnology. There are approximately 350 biotechnology companies doing business in the state.

The addition of over 250 biotechnology and manufacturing jobs is certain to stimulate the Maryland economy; something that other big pharma companies have been reluctant to do. Investing in biomanufacturing is something that can help the US reinvigorate its moribund manufacturing sector. And, whether you believe it or not, the US is still second-to-none when it comes to manufacturing biologics and other biotechnology products.

Hat tip to MedImmune for the bold move!

Until next time...

Good Luck and Good Job Hunting!!! (try Maryland)

 

Summer Layoff Roundup Update: Merck Announces Almost 13,000 New Job Cuts

Merck & Co.'s today reported that its second-quarter profit nearly tripled from a year ago. The company also said that it will cut up to 13,000 jobs as part of yet another restructuring program which is designed to eliminate 12 to 13 percent of its workforce by 2015. This would reduce Merck’s current head count from 91,000 employees to roughly 80,000.

The company has been restructuring even since it bought Schering-Plough Corp. in November 2009 and started eliminating nearly 20,000 positions. Merck said it is on track to achieve its goal — $3.5 billion in annual cost savings — by the end of 2012.

Despite likely job losses in the US and Western Europe, Merck announced that it will continue to hire new employees in emerging markets like China, India, Latin America and other locations.

In case that BioJobBlog readers were wondering the US pharmaceutical industry has shed 299,036 jobs from Jan. 1, 2000 through June of this year, according to the consulting firm Challenger, Gray & Christmas.

The last two years showed the most job losses on record, with announced cuts of 53,636 in 2010 and 61,109 in 2009, the firm reported. That made pharmaceutical companies one of the biggest contributors to unemployment during the recession. This year, American drug makers have reported plans to cut 4,771 jobs (before the Merck announcement).

Until next time...

Good Luck and Good Job Hunting

 

The 2011 Summer Pharmaceutical Jobs Layoff Report

Layoffs at big pharma tend to slow during the summer as most people are on vacation and nobody wants to fire folks when the kids are out of school. However, the failing economy has prompted several companies to abandon tradition and fire people during the summer anyway.

According to the Pharmalot Blog, previously announced layoffs at Merck have been accelerated and approximately 8,000 more employees will lose their jobs in early August. While the layoffs were not unexpected, those affected likely thought that they had more time before being shown the door.

In other news, Elan announced that it was laying off 104 employees at its King of Prussia, PA facility. The layoffs resulted from the sale of Élan’s manufacturing facility to Alkermes for $960 million. The acquisition gives Alkermes a chemical formulation and manufacturing business and a stake in two recently approved drugs; Ampyra for multiple sclerosis and Invega Sustenna a treatment for schizophrenia. The layoffs will occur next month and the facility will be closed in September.

Finally, a recent KPMG LLP survey of top executives of US drug makers indicates that M&A activity will continue to increase over the next several years as pharma companies attempt to offset rising generic competition and waning drug revenues. At present, roughly 70 percent of all medications sold in the US are generics. 

Eighty-three percent of the executives believe that their companies will be buyers or sellers in deals over the next two years. Further, just over half believe that it will take more than two years for the US economy to fully recover.

While M&A activity isn’t a bad thing for some companies, it is typically followed by reorganizations and massive job layoffs which are obviously not good for rank and file employees. Consequently, if I worked for a major pharma or biotechnology company, I would definitely make sure that my CV was up-to-date!

Until next time...

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

 

Maximizing a Job Search By Using Local and Niche Job Boards and Search Engines

Chris Russell, the owner of Secrets of the Job Hunt website, created an informative podcast that details the use of local and niche job boards and search engines like JobJobHealth to increase the likelihood of finding a job.

While Monster, Careerbuilder, Indeed and Simply Hired were once the job boards and search engines of choice, the changing job market and challenging economy has rendered them less useful than in the past.  In his podcast, Chris recommends several new local and niche  job boards and search engines that may be useful to jobseekers.

To listen to the podcast, click here.

Until next time...

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

Health Informatics Career Resource List

As I mentioned in numerous previous posts, health or healthcare informatics is one of the hottest and fasting growing sectors of the US economy. And, not surprisingly, career counselors and job prognostication experts are predicting job shortages unless more Americans are trained for these job opportunities.  To that end, William Hooper of HealthTechTopia sent me a link to a list of 25 online health informatics resource collections

Those of you who are interested or considering pursuing a career in the emerging health informatics field ought to check it out!

 Until next time...

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

 

Alternate Career Options: So You Want to Be a Medical Science Liaison (MSL)?

One of the new “hot career” opportunities in the life science industry is something called a medical science liaison or MSL. Increasingly, graduate students and postdocs are beginning to mention MSL as a possible career option. Of course, the first thing that I ask these persons is “Do you know what an MSL is or does on a daily basis?” In most cases, most of these would-be MSLs sheepishly admit that they don’t!

With this in mind, I invited Dr. Samuel Dyer an experienced MSL and CEO and Founder of the Medical Science Liaison Corporation and MSL WORLD to better inform those who may be interested in pursuing a career as an MSL.

What is a Medical Science Liaison?

By Samuel Dyer

The MSL is a therapeutic specialist (e.g. Oncology, Cardiology, Infectious Diseases, Central Nervous System) within pharmaceutical, biotechnology, medical devices, and clinical research organizations (CRO) who has advanced scientific training and generally a "terminal D" degrees in the life sciences (PhD, PharmD, MD).  It's important to note that MSL's are not sales reps and their function is very different.  The primary purpose of the MSL role is to be scientific or disease state experts for internal colleagues (sales and marketing), but more importantly for doctors in the Therapeutic Area of the Medical community in which they work (i.e. Oncology, Cardiology, CNS etc.).  The focus of the role has changed over the years, but the primary responsibility of the MSL role remains to establish and maintain peer-peer relationships with leading doctors, referred to as Key Opinion Leaders (KOL's).

Medical Science Liaison’s (MSLs) were first established by Upjohn pharmaceuticals in 1967 as a response to the need for professionally-trained field staff that would be able to build rapport with Key Opinion Leaders (KOLs) in various therapeutic areas of research. Although originally called Medical Science Liaisons by Upjohn, over the years and today, pharmaceutical companies have used various names for the role including: Medical Liaisons, Medical Managers, Regional Scientific Mangers, Clinical Liaisons, and Scientific Affairs Managers among others.  

Originally, the first MSLs were selected from experienced sales representatives that had strong scientific backgrounds to bring a higher degree of clinical and educational expertise to the medical professionals they were working with to influence sales. Over the years, MSL teams have been made up of individuals with various scientific backgrounds including: “super” sales reps, those with nursing backgrounds, those with various doctoral level degrees or other clinical backgrounds.  However, the required educational and scientific background and purpose of MSL’s has progressively changed over the years since they were first established.  In the late 1980’s, a number of companies began to require those applying to MSL roles to hold a terminal “D” degree such as an MD, PharmD, or PhD degrees.  

Although, historically, the educational standard in the industry did not require MSL’s to have a terminal “D” degree, however, today the terminal “D” degree has become standard in the industry.  Today according to one benchmark study more than 90% of current MSLs hold terminal “D” degrees.  

While the MSL role has received some attention, including a CNN Money article entitled "#1 Job in Pharmaceuticals-10 Jobs for Big Demand-Good Pay”, it remains one of the best kept secrets and one of the most difficult roles to break into.  Few people know about it, and little is written about the role.  In fact, the MSL community is quite small when compared to other professions in the pharmaceutical industry however there has been an explosion in the growth of the position. According to a recent benchmark study, there has been an average growth of 76% of the MSL role since 2005 across the industry in the U.S.

To learn more about the MSL role and find free resources go to www.mslworld.com

Until next time...

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

 

Why Big Mergers Are Never Good For Pharmaceutical Company Employees

The Pharmalot Blog today reported that a Wall Street Journal article indicated that Pfizer is planning to cut $1.0 billion from its operating budget by 2012. As many of you may recall (especially those who lost their jobs) the world’s largest pharmaceutical company cut 1,100 earlier this year at its research facilities in Groton CT. The new cuts are aimed at reducing Pfizer’s R&D expenses by up to $2.9 billion annually.

The $1.0 billion in cuts is primarily aimed at reducing administrative and management duplications at Pfizer’s headquarters in NYC and worldwide. Other expenses to be trimmed include those related to promotions, travel, entertainment, consultants, print materials and supplies and electronic equipment. While there is no doubt that these cuts will help to control costs, I suspect that substantially more money could be saved if pharma executive salaries and bonuses were also trimmed.

While it is unclear what the additional $1.0 billion in cuts will have on scientists, I suspect it won’t be good. In case you have not noticed by now, Pfizer like many of its competitors are getting out of the R&D business. This means that R&D jobs will continue to dwindle and scientists will continue to struggle to find jobs in a highly competitive job market.

Since Pfizer purchased rival Wyeth Pharmaceuticals in 2009, the company has shed over 20,000 jobs. The reason for the job cuts and massive cost cutting measures at Pfizer is the loss of patent protection in 2012 for its top selling cholesterol medication Lipitor ($10.7 billion in sales) and its ED drug Viagra ($1.9 billion in sales). Last year Pfizer lost patent protection the antidepressant Effexor (peak sales of $3.8 billion) and the Alzheimer’s drug Aricept ($417 million in sales). Also, when mergers take place there is much overlap and duplication of effort that takes several years to sort out.

Don’t be surprised if new Pfizer job cuts are announced late next fall! Now, would be a good time for Pfizer scientists to remove the dust from their CVs; if it is not already too late!

Until next time...

Good Luck and Good Job Hunting!!!!!

 

Changing Careers in the Medical Field

The recession has hit the medical profession hard, with pharmaceuticals bearing the brunt of the job losses. If things are looking grim in your sector, or you have already been one of the unlucky few to lose their job, you might consider retraining in another medical track as the path to your next job. With a few years training, pharmaceutical reps can expect to find work in such diverse careers as medical research or nursing. Indeed, there are many medical and nursing jobs in London and other major centres; retraining and taking one of these roles might be perfect for you.

Before deciding on changing careers, there are a few things you might want to consider:

1.       Is there really a problem with your current career? Although the pharmaceutical industry has taken a bit of a hit in the recent recession, things will improve as the economy recovers and you may find yourself back in a job in less time than it would take you to retrain.

2.       If you need to retrain, what do you need to do and how long will it take? Retraining in the nursing field will require you to pick up a nursing diploma – this will take two years while costs will vary depending on where you do your training.

3.       Can you afford it? If you have to retrain then the training itself may be a strain on your finances and if you go straight into your job hunt you may find it takes longer to find a new job in a career that you have little experience of.

4.       Follow your heart and choose to do something that you will love – if you’re taking the time to retrain for a new career, don’t just do it for the money. This could be the career you stay in for the rest of your working life, so make sure you make the right choice!

5.       Figure out which track you want to go down and stay on it. Don’t flip flop – if you decide to retrain as a nurse then don’t change your mind six months down the line and pick something else. You should be really sure that this new career path is right for you. This will save you time, energy, money and a lot of heartache down the line.

Although you have to think long and hard about the pros and cons before deciding to change careers, it can be a rewarding experience and can give you the opportunity to excel in ways you never thought possible.

Until next time...

Good Luck and Good Job Hunting (check out nursing opportunities in London!)

 

How to Improve Employment Opportunities for PhD-Trained LIfe Scientists

I recently wrote an article that discusses nontraditional career options for PhD life scientists and ideas about how more jobs can be created for these individuals in the the life sciences industry.  The article entitled Nontraditional Career Options for PhD Life Scientists appeared in the May issue of Life Science Leader (LSL). I have been writing for LSL , a B2B publication for life sciences executives and scientists, since its launch two years ago.

Bit and pieces of the article have appeared in various blog posts that I have written over the past few years.  I hear that the article has been well received! 

Just sayin'....

Until next time,

Good Luck and Good Reading!!!!!

Preparing for a Job Interview? Yeah,There's An App (s) For That!

It had to happen sooner or later and it did. There are now apps that jobseekers can download to their Apple and Android smartphones to prepare for job interviews. Gadget-savvy, Bob Tedeschi wrote a review of three of these apps in today’s NY Times.

The most popular jobseeker iPhone/iPad app was released last month by none other than Monster.com and is called “The Monster.com Interviews” app (go figure). The app is free and most useful for those jobseekers lucky enough to have been invited to participate in a face-to-face job interview. There are features in the app entitled Pre-Interview, Tips and Tricks and Post Interview. While I have not evaluated the app myself its reception by reviewers has been decidedly lukewarm. Monster.com says it is working on a similar app for Android phones but the company did not offer a timeline for the product.

Another app, which according to Tedeschi may be a better choice, is Interview Questions and Answers by SwipeQ ($2, Apple and Android). Unlike the Monster.com app, this one offers 150 common interview questions with sample answers and strategies to divine responses to difficult queries. Tedeschi suggested that the sample answers may be a bit esoteric at times and sometimes inexplicably crafted for those in the financial services industry (gee I wonder why). In any event, this one may be useful for inexperienced interviewees who need some help coming with answers to questions like “Tell me about your weaknesses” or “Describe how you overcame a particularly adverse situation.”

Finally, there is another interview-focused, free app for Android phones called Job Interview Q&A developed by Stanislav Bardyuk. This is an ad-driven app—that Tedeschi found overly intrusive—and offers questions and answers to common interview questions. Unfortunately, the quality and grammar of the answers to the interview questions that it offers were deemed lacking.

Of the three apps, the Monster.com app gets the highest marks. This is not surprising since Monster.com is the largest and most visited job board on the Internet. One of the more interesting features of the Monster.com iPhone app is the ability to make a video of a practice interview and watch yourself answer the questions offered by the app. While this may sound silly and a waste of time to some, it is important to remember that it is generally the face-to-face interview that determines whether or not a job offer will be forthcoming. And, there is a reason for the old adage:  “Practice makes perfect.”

For those of you who may be interested in other jobseeker and resume apps, check out a post on the Job Omelette blog entitled “10 Must-Have iPhone Apps”

Until next time...

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

 

Pharma and Biotech Job Watch

Merck & Co, which yesterday completed its $430 million acquisition of Inspire Pharmaceuticals, announced that it intends to shut down Inspire’s headquarters in Raleigh, NC. According to a Merck spokesperson closure of the former Inspire site will occur before the end of the year and their will be job losses. However, it is not clear at present how many jobs will be lost but both executive and workforce positions are on the chopping block. 

Inspire was founded at the University of North Carolina, Chapel Hill in1995 and went public in 2000. The company employed 240 workers at the beginning of 2011 but it cut 27 percent of its workforce in February after an experimental treatment for cystic fibrosis failed in clinical trials. Merck’s acquisition of Inspire gives the company AzaSite an approved treatment for pink eye and a treatment for dry that is approved in Japan (the drug failed to gain US regulatory approval).

In other industry news, Connecticut-based Alexion announced that it will add 20,000 sq feet of laboratory and office space to its Smithfield, RI location. The company currently employs 125 workers and plans to expand its workforce by 35 percent in the next year or so. Alexion has one approved prescription medication called Soliris, the only approved therapy for persons with paroxysmal nocturnal hemoglboinuria (PNH) an orphan indication.

Until next time...

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

 

Attention Graduate Students and Postdocs: Does the Bad Project Video Resemble Your Life?

A graduate student friend of mine suggested that his research project was very similar to a video entitled "The Bad Project Video (Lady Gaga Parody)."  The video based on the Lady Gaga hit song "Bad Romance" was produced by members of the Zheng Lab who study Alzheimer's disease at Baylor College of Medicine. The lab unveiled its video at their annual 2011 Molecular and Human Genetics Retreat. 

To date, the video that was posted on YouTube has already amassed over 2.7 million hits an almost unprecedented number of hits for a science video! Members of the lab posted this introduction at their YouTube site:

"Thanks everyone for your comments and words of encouragement! We had no idea this would spread like it has, but I guess some of these feelings are universal (and international!). This was all in good fun and took us only a few days to do the filming and editing. If you are caught in a bad project, best of luck and hope you can turn it around soon!"

Unfortunately, the video accurately depicts the daily lives of  many graduate students and postdoctoral scientists struggling to jump start careers in the life sciences.  In any event, it is a well produced and hilarious attempt to show graduate students and postdocs that they are not alone and that there may be light at the end of the tunnel. 

Until next time..

Good Luck and Hang In There!!!!!!!!

Alternate Career Options for Life Scientists: Persons Able to Manipulate "Big" Data Sets Will Be In High Demand Says New Report!

An article in today’s NY Times entitled “New Ways to Exploit Raw Data May Bring Surge of Innovation, a Study Says” suggests that persons with quantitative skills and a firm grasp of the scientific method will be in high demand in the near future. This is because there is a current data surge coming from “sophisticated tracking of shipments, sales, suppliers and customers, as well e-mail, Web traffic and social network comments.” And, the quantity of business data has been estimated to double every 1.2 years!

According to the report “Big Data: The Next Frontier for Innovation, Competition and Productivity” put together by the McKinsey Global Institute, harvesting, managing, mining and analyzing “big new data sets” can lead to a new wave of innovation, accelerated productivity and economic growth. And, the place where this may be felt first is the US healthcare system. The report asserts that better management of big data sets can lead to as much as $300 billion in savings. Also, American retail companies could possibly increase their operating profit margins by as much as 60 percent. However, one of the major hurdles to this paradigm shift is a talent and skills gap. The US alone will likely need 140,000 to 190,000 with expertise in statistical methods and data-analysis skills. McKinsey also notes that an additional 1.5 million data-literate manages will be required. Accordingly, “Every manager will really have to understand something about statistics and experimental design going forward,” noted one of the report’s authors.

As far as jobs for scientists in the healthcare realm are concerned, the report suggests that

“....the biggest slice of the $300 billion gain is expected to come from more effectively using data to inform treatment decisions. The tools include clinical decision support to assist doctors, and comparative effectiveness research to make more informed decisions on drug therapy.” That said, life scientists with backgrounds in statistical analyses, bioinformatics, genomics, public health, epidemiology and quantitative analysis will be ideal candidates for these new job opportunities."

While these types of jobs (mainly health informatics) are certain to available in the future, it isn’t clear how soon. This is because the big-data trend has just begun and, according to economists, it may take years to recognize its financial advantages and benefits. In any event, it is something for life scientists who may be considering alternate career options, to think about. To that end, if you begin to train for these opportunities now, you may find yourself in the right place at the right time in the not-to-distant future.

Until next time....

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

 

Internship Nation: A Critical Look at College Internships

Ross Perlin has written a book entitled “Intern Nation How to Earn Nothing and Learn Little in the Brave New Economy” that takes a critical look at the role of internships in today’s job market. Perlin, a former unpaid intern himself, contends that American companies are taking advantage of college students who believe that internships, paid or otherwise, are the only way to land a job in today’s economy. He estimates that each year 1 to 2 million persons take “resume burnishing” internships to increase the likelihood of downstream employment.

Recent estimates made by the College Employment Research Institutes suggest that as many as three quarters of approximately 10 million American students at four year colleges and universities will complete at least one internship before they graduate. Internships can be found almost everywhere a college student looks for them including; Fortune 500 companies to Disneyworld to Capital Hill to Silicon Valley to Main Street Experiences can range from fetching coffee to cleaning toilets to more substantive activities but almost always at little or no pay. Perlin noted that the number of internships that are “school-like, full-time dedicated training programs is vanishingly few.” Further, he astutely observes that the internship craze has taken on a life of its own and is supported by on-campus career centers, online middlemen and many employers looking for free entry-level workers.

While Perlin sees the value of structured and paid internships he rightfully excoriates academic career centers for offering unpaid internship opportunities to their students. To wit, he wrote: “An overwhelming majority of colleges and universities, as well as some high schools, endorse and promote unpaid internships without a second thought, provide lucrative academic credits that employers wishfully hope will indemnify their firms, and justify it all with high minded rhetoric about situated learning and experiential education” he wrote. Further, he is incredulous that some employers “require not only that their charges work for free, but that they also obtain academic credit, which usually means paying (tuition and fees) to work for free.”

There is no question that college internships once gave students who took advantage of them a “leg up” on the competition. However, the sheer number of available internships has relegated them to little more than a box to check on a job application. In other words, internships are quickly becoming a requirement rather than an option. Moreover, according to Perlin, prospective employers are becoming increasingly aware that “these experiences (internships) can mean just about anything: your parents are well connected, your school required it, your barely showed up at the office. ”That, if you were counting on your experience as an intern to make a difference between gainful employment or not, it may be time to rethink your strategy.”

Because the life sciences companies are almost always behind their non-scientific counterparts, most internships offered by pharmaceutical and biotechnology companies continue to be paid, structured and training-minded. With this in mind, many of my former students (primarily those who were motivated and good at networking) were able to transform internship experiences into full-time employment. However, internships have unfortunately replaced many industrial postdoctoral training programs: which may be good for graduate students but not so good for PhDs looking for industrial postdocs to transition from academia to the private sector.

Despite the growing criticism and problems with internships, I still think they are a viable approach for students and postdocs to acquire the “prior industrial experience” that is now necessary for academic scientists seeking job opportunities in the life sciences industry. Needless to say, once the life sciences industry “catches on” to the ways that internships can be manipulated and leveraged to their advantage, they will no longer be the “tickets to employment” at pharmaceutical and biotechnology companies that they once were.

Until next time....

Good Luck and Keep the Faith!!!!!!!!!

 

Careers: The Ten Fastest Growing Fields?

I am not a big fan of top ten lists but I decided to take a look at the list compiled by Cecilia Capuzzi Simon in a recent article that appeared in the April 13, 2011 New Times Education supplement. Entitled “Top Ten List: Where the Jobs Are.” The article was extremely well written and based on the Bureau of Labor Statistics’ list of the fastest-growing occupations. 

The Bureau gleefully announced that it expects there to more than a million new jobs by 2018, and a “worker pool that may not be trained to fill them.” While this may seemingly appear to be great news—given the almost 10 percent unemployment rate that has been plaguing the US for the past three years—I was puzzled by appearance of biomedical engineering (#1), medical scientists (#6) and biochemists and biophysicists (#9) on the lists mainly because I know that persons who are trained in these fields are having extremely difficult times finding jobs in the current economy. That said, with most life science R&D being shipped over seas or outsourced, it hard to see that any of these jobs will be in great demand in the US over the next seven years. Maybe the bureau knows something that I don’t? Or maybe, it is the US government’s way of gently nudging people into careers that they anticipate will be highly valued in the future? Whatever the reason, it is going to be tough to convince college freshman to major in these fields if the current job market for these professions is currently so bleak.

What is even more puzzling then the ranking of these three career choices list is the actually numbers of new jobs that are anticipated to be created. The total number of new jobs expected in these fields by 2018 is roughly 65,000 (biomedical engineers-12,000; medical scientists-44,000; and biochemists and biophysicists-9,000). Compare this with the number of jobs anticipated by 2018 for network systems and data communication analysts (156,000), home health aide (461,000), personal and home care aide (376,000) or physician assistants (29,000) and you will get a better idea about the urgency for biomedical engineers and other life scientists.

There is no question that life scientists will command higher salaries and wages than home health aids or possibly a physician’s assistant but life sciences jobs typically require a minimum of a MS or PhD degree. Moreover, the economic theory of supply and demand suggests that it will be much easier for healthcare informaticists or home healthcare aides to find a job as compared with a biomedical engineer or PhD biochemist—even by 2018. In other words, don’t expect the US job market for life scientists to get better any time soon. 

While it is unfortunate that the US is beginning to seriously lag behind much smaller countries in science, math and engineering preparedness, the current demand for these types of jobs is waning and undergraduate college students—who lived through the recent financial meltdown—will likely (and rightly) choose to pursue careers where the likelihood of future employment is greatest. Unfortunately, the life sciences isn’t one of them.

Until next time...

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

 

Competition for Pharma Talent Is Heating Up in Emerging Markets

While R&D scientists and sales representatives continue to struggle to find jobs in the US at pharmaceutical and biotechnology companies, the competition is fierce to hire and retain pharma employees in emerging markets like China and India. Earlier this week, I posted a piece on big pharma’s continuing expansion of its R&D activities in Asia and the growing need for US-trained PhDs in this region. However, it appears that hiring and retaining pharma sales reps is a bigger problem in China and India for big pharma companies like GlaxoSmithKline (GSK), Sanofi-Aventis (SA) and Pfizer.

According to a recent article in Bloomberg News about 20 percent of GSK’s sales forces in both countries quits each year in favor of better offers from its rivals including Pfizer and SA. One GSK executive quipped “There’s a huge war for talent. It’s hard to do anything about. If you have a good person, they could find someone else willing to pay twice as much.” This is in marked contrast with the US where almost 100,000 pharma sales reps may have lost jobs over the past five years.

Emerging Asia Pacific markets accounted for roughly 17 percent of GSK’s sales in 2010 as compared with 18 percent for Pfizer and 30 percent for SA. Sales revenues for most major pharmaceutical companies declined in both the US and Europe last year. There is no question that big pharma is turning to emerging markets as a means to maintain and increase sales of drugs after patents expire and generic competition cuts into revenue. Sales in emerging markets are predicted to reach about $400 billion by 2020 which is equivalent to the current size of the US and the five biggest European markets combined!

By its own admission, GSK was “fairly late” in their investments in China and may explain why the company may be experiencing trouble with competing for talent in that market. Employment opportunities in emerging markets will likely resemble those in the late 1990s in the US and Europe, when there was a dearth of talents life sciences professionals and companies were willing to pay large salaries (regardless of whether or not job candidates were qualified) to employees to maintain operations. This trend is driving up labor costs in China and interestingly, China is beginning to outsource work to Vietnam, Malaysia and Singapore where labor and raw materials costs are less expensive.

Until next time....

Good Luck and Good Job Hunting (Go East Young Man and Woman)

 

Unemployment Update: Almost 300,000 Pharma Jobs Lost Since 2000

Mathew Herper, who writes at the Forbes Blog, reported today that according to a report compiled by the outplacement firm Challenger, Gray and Christmas, since 2000 the pharmaceutical industry cut 297,650 jobs. According to Herper “that is about as many people as currently work at the three largest drug makers — Pfizer, Merck, and GlaxoSmithKline — combined.” As he aptly points out “Many of those who were laid off were probably hired back by other drug makers. Some folks have probably been laid off more than once. It’s also worth noting that big mergers are one reason for the cuts.”

Nevertheless, the number of lost jobs is staggering. Interestingly, while almost 300,000 jobs have been lost in the last decade, a majority of the cuts (234,814) have taken place over the past six years (see below).   It is not clear from the report whether or not these numbers include the numbers of jobs lost by the aggregate life sciences industry (including biotech and specialty pharma) or only by the pharmaceutical sector.    

Year No. Jobs Lost
2000   2,453
2001   4,736
2002 11,488
2003 28,519
2004 15,640
2005* 26,300
2006* 15,638
2007* 31,732
2008* 43,014
2009* 61,109
2010* 53,636
2011 (to date)   3,387
TOTAL 297,650

   Source: Challenger, Gray & Christmas, Inc. © (via the Forbes Blog)

With mergers on the way and more jobs being outsourced to Asia and elsewhere, don’t be surprised if the total number of layoffs continues to grow.

Until next time

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

 

Novartis Sheds 550 UK Jobs

Swiss pharmaceutical giant Novartis late yesterday announced that it would cut 550 jobs at it Horsham site West Sussex, England. At present, there are 950 workers at the Horsham site. The job cuts, 330 dedicated to respiratory research, will be made over the next two years.

This is more bad news for the UK pharma R&D workforce. In February, Pfizer said it would shut its Sandwich in Kent facility which employs 2,400 people. More job cuts are likely to take place in the US, UK and Europe as the pharmaceutical industry continues to scale back investment in R&D. 

Until next time..

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

 

The Job Cuts Keep On Coming at Big Pharma Companies

The French drug maker Sanofi-Aventis continues to reorganize and slash jobs in anticipation of its acquisition of Genzyme. Today the company disclosed that it would shed another 700 jobs from its European operations. The job cuts come amid the company’s reorganization of its units in Austria, Germany, Switzerland, Portugal Spain, Holland, the Czech Republic and the United Kingdom (basically the entire EU).  The goal is to consolidate and reorganize the 30 European subsidiaries into only 10.

In other news, the Japanese drug maker Eisai announced that it plans on cutting 600 jobs or 20 percent of its US workforce. This announcement comes only one week after the company disclosed that it would trim 900 jobs in the next five years from European and Japanese operations. Impending generic competition for Eisai blockbuster treatment for Alzheimer’s disease, Aricept, is largely responsible for the layoffs. Like most other big pharmaceutical companies there aren’t enough drugs in development pipelines to offset the loss of revenue from generic encroachment on blockbuster brands.

Until next time...

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

 

More Downsizing and Outsourcing at Big Pharma Companies

The Japanese drug maker Eisai, Co announced that it will cut at least 900 jobs over the next five years to improve operating margins to offset the impending lost of patent protection for Aricept its blockbuster Alzheimer’s  disease treatment. The company did not specify where the cuts would take place.

In other news, based Eli Lilly & Co announced plans to outsource its R&D bioanalytical functions to Advion Biosciences a contract research organization that is building new laboratories Lilly’s home town of Indianapolis, Indiana. Ithaca NY-based Advion is building a 22,000 sq ft facility that will focus on ADME and toxicology experiments that are required for new molecules to enter human clinical testing.

Advion offers a range of Good Laboratory Practice-compliant and discovery bioanalytical services, including liquid chromatography-tandem mass spectrometry (LC/MS/MS) for determining small-molecule drugs, macromolecule therapies and biomarkers; immunoassay services; ADME (absorption, distribution, metabolism, and excretion) screening; cytochrome P450 inhibition and induction study support; metabolism profiling; metabolite identification; sample management; and sample storage.

According to a press release:

 “Lilly will transition its own drug discovery bioanalytical capabilities to Advion and will offer employees affected by the move the opportunity to join Advion. The new laboratory is expected to be fully operational by the end of May 2011.”

This is another example of big pharmaceutical companies exiting the R&D space. Because of the rampant downsizing and outsourcing of R&D functions to CROs, now could be one of the better times in years to start a biotech company. Big pharma is relying on starts up companies and academic laboratories to be the major source of new molecules that they develop. That said, the age of big “in-house” drug discovery operations at big pharmaceutical companies is drawing to an end. 

Until next time...

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

 

BioJobBlog Creates a New BioJobCenter Widget for Scientists, Regulatory Affairs and Quality Personnel and Other Bioprofessionals

About a month ago, BioJobBlog in association with the JobJob Health Job Board launched the BioJobCenter; an automated job board designed to help persons looking for employment in the life sciences industry. While the site has been well received, we decided to create a widget for BioJobBlog that features the types of job openings that exist @ the BioJobCenter. The widget will allow readers to apply and search for jobs directly from the BioJobBlog website.

The widget is located in the upper left hand side of the BioJobBlog sidebar (in case you haven’t noticed). Job seekers who click on a job title are taken to the BioJobCenter where they can directly apply for the job (after you join the site). Refreshing the BioJobBlog page will display a new list of job openings! If you are looking for specific jobs in specific locations you can search for more jobs by surfing over to the BioJobCenter and conducting a formal job search there. 

In other news, JobJobHealth recently released an iPhone app that allows users to conduct job searches on their phones. The app (JobJobHealth) is available in the iTunes store!

Check it out!

Until next time...

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

 

Medical Device Giant Medtronic Will Shed 2,000 Jobs

Medtronic one of the world’s largest medical devices manufacturer earlier this week announced that it will cut its workforce by 5 percent which translates into 1,500 to 2,000 fewer jobs. Most of the cuts will come from the company’s struggling external heart defibrillators unit (Physio-Controls) which it would like to sell. Revenues from pacemakers and defibrillators, Medtronic’s largest selling products, fell 2 percent in the last quarter. 

In a statement, the Minneapolis-based Medtronics will cut 4 percent to 5 percent of its employees with voluntary programs, retirements and layoffs. 

Until next time...

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

 

On Becoming a Project Manager in the Life Sciences Industry

Project management (PM) is growing as a career option for life scientists. This is mainly because life sciences companies have begun to realize that team projects with professionally trained PMs at the helm (as compared with research scientists lacking in PM skills) are conducted more efficiently and cost effectively.

Because of the “newness” of the PM option, in the life sciences industry, there is no formal training or a direct pathway to become a PM. However, Bruce Fieggen, Vice President of Project Management and Training at QPharma— who has over 25 years of experience as a project manager (and trainer) in the life sciences industry—offers some ideas and insights on how to become a PM.

On Becoming a Project Manager in the Life Sciences Industry

By Bruce Fieggen

By now you have probably worked as a team memberon several projects and may be thinking that a career in project management may be right for you. So, how does one become a project manager in the life sciences industry?

The best first step is to obtain some formal training in project management (PM). There are many courses designed as evening programs, university classes or three day workshops. You can take them in person or online. While some of these training options may not be as comprehensive as others, it will help interested persons to determine whether or not a career in project management may be right for them. Once you have obtained some formal training, the next step is to take an honest look at your personality. Are you an extremely introverted person who feels uncomfortable talking with others on a regular basis? Do you fear speaking in public? Are you a good listener?  

If the answers to these questions are a resounding “no” or maybe, then PM may not be a good career choice. However, if the answers are yes, then volunteer to run a small project or a sub-project of a larger team effort. Be prepared to learn from the mistakes that you undoubtedly you will make. And, also be prepared to do other people’s work in order to get your small project finished on time! Once you have exhibited some aptitude as a PM, you may be asked to take on larger projects and if you are successful you may be on track for a lifelong career as a PM.

People become successful project managers from almost any discipline or field. In my almost 25 years as a PM (and PM trainer), I have seen PMs hail from jobs in R&D, manufacturing, marketing, purchasing, engineering, quality, and regulatory affairs. No particular group produces better PMs than another. That said, all successful PMs:

  • Are great communicators and know how to listen
  • Know the process of managing projects and can show you the schedule, scope and budget at any time
  • Are rarely at the extreme introverted end of the extraversion – introversion continuum
  • Understand how to motivate people to work for them when they don’t actually report to them
  • Implicitly understand that the project (not their egos or kudos that they may receive), takes precedent over everything else

To learn more about a possible career as a PM, I highly recommend that you join PMI.org and attend monthly meetings at a local PMI chapter. Network with fellow PMs and learn from them. Pretty soon you’ll be in the thick of things and understand what being a PM is all about! 

Please check out my Round Table Project Management blog for additional information and feel free to contact me.

Until next time...

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

 

Like the US, Thousands of Pharma Jobs Are Lost in Canada

Little is published in the blogosphere about the life sciences industry in Canada. Because of this, many people think that Canadian scientists and other bioprofessionals may have fared better than their US counterparts. However, like the US, thousands of scientists and others have lost jobs throughout Canada during the almost three year global recession.

While the number of layed off employees is no where near the almost 200,000 American pharma employees who have lost their jobs over the past four years, over 3,600 Canadian pharmaceuticals employees lost jobs in the second half of 2010. Most of the jobs were lost in pharmaceutical manufacturing. Like the US, these jobs were mainly lost as a result of outsourcing and corporate downsizing because of escalating financial pressures. Despite this, government officials expect the Canadian life sciences industry to recover by 2015.

Until next time...

Good Luck and Good Job Hunting (Eh)

 

Is GSK Really Backing Away from Neuroscience R&D?

Ask any pharmaceutical industry pundits about the “next big thing” in life sciences R&D and most will invariably say neuroscience indications like Alzheimer's, Parkinson Disease and the like. Curiously, despite these prognostications, GlaxoSmithKline (GSK) today announced that it would lay off 50 employees involved in neuroscience R &D.

The affected workers, all of whom are scientists working on late stage clinical development at various sites throughout the US, were first notified about the layoff on Valentine’s Day (nice gift). Interestingly, a GSK spokesperson was quick to point out that other neuroscience employees including marketing and sales would not be affected by the layoffs. Hm mm, I always thought you needed scientists to discover the drugs that will ultimately be marketed and sold by a company? In any event, no GSK operations outside of the US were affected by this round of layoffs.

The reason why the layoffs only affected clinical scientists is because GSK scaled back its investment into early stage research. And, according to the GSK spokesperson this means that “there’s not as much coming through that needs later stage clinical trials.” Also, last year, after GSK released fiscal 2009 results, the company announced it would “cease discovery research in selected neuroscience areas, including depression and pain.” I guess most of the layed off scientists worked on depression and pain (two emotions that layed off workers frequently suffer).

In case you haven’t noticed (because you spend too much time in the lab and on Facebook), most major pharmaceutical and biotechnology companies have slashed their investments into new drug discovery and development. This means that the demand for R&D scientists (in the US anyway) is much lower than ever before. Consequently, as I have stated numerous times in the past, now may be the time for graduate students and postdocs considering industrial R&D careers to re-evaluate their plans (unless R&D careers in emerging markets like Brazil, Russia, India and China are attractive).

Until next time ....

Good Luck and Good Job Hunting

 

Pfizer Update: A New CEO, A Shrinking R&D Budget and 3500 Fewer Employees

Many industry insiders and financial analysts were pleased when former Pfizer CEO Jeffrey Kindler abruptly departed the company last December. Most felt that the company had grown too large after three mega-mergers and acquisitions (Warner Lambert, Pharmacia and most recently Wyeth) in the past decade or so. Pfizer bought Wyeth in late 2009 for $67 billion with the hope that it bolster the company’s drug development pipeline and replace vanishing Lipitor revenue (the move has not paid off which may explain Kindler unexpected departure).

Further, Pfizer’s best selling (and world leading) cholesterol-lowering drug Lipitor is due to lose patent protection in 2012. Lipitor had $10.7 billion in sales last year. This, along with the loss of patent protection for Viagra and a few other Pfizer prescription drugs, presumably left new CEO Ian Read, little choice but to slash R&D spending by close to $2 billion. Consequently, the company today announced it would close its research facility in Sandwich, England (which developed Viagra) and eliminate most of its 2,400 employees. An additional 1,000 employees at its research center in Groton, CT will either be offered transfers to its Cambridge, MA facility or layed off.

The elimination of 3500 Pfizer R&D employees begs the question “who will do the research to discover new drugs?” Not surprisingly, Pfizer’s answer is to outsource the work to Contract Research Organizations like Covance, Charles Rivers Laboratories and Parexel International Corp. Interestingly, much of this work is conducted by scientists who work outside of the US. And, if this down sizing trend continues how will the US ever get its unemployment rate below 10 percent?

Pfizer, like most other major US pharmaceutical companies, is no stranger to massive downsizing. The company alone has layed off over 19,000 employees over the past three years. And, unlike contractions in the life sciences industry in the past, I highly doubt that many of these R&D positions will be reinstated in the future. With this in mind, I highly recommend that those of you who were considering industrial R&D careers have a plan B or possibly a plan C to fall back on.

Until next time...

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

 

Employment Update: Who Is Hiring and Who Is Not!

While US unemployment continues to hover around 9.4 percent, there appears to be a steady increase in the number of companies that are posting ads on job boards like Simply Hired and Indeed.com. According to an article in the NY Times “A Sign of Hope for More Hiring” job postings at Simple Hired roe over 50 percent last year over 2009 and increased almost 70 percent in December 2010 as compared with December 2009.

The situation at Indeed.com, a major competitor of Simply Hired, appears to be similar. That is, there has been a substantial and continual increase in the number companies posting jobs on the Indeed.com website.

However, while this is great news, it isn’t exactly clear what the increased job postings mean. For example, some industries are hiring at a greater rate than others (see below).

Not surprisingly, the greatest increases are occurring in some of the industries that were hit hardest by the recession, e.g. transportation, automotive, legal, manufacturing and financial services. Hiring in healthcare, technology and education remains steady and respectable. On the other hand, two industries that have actually lost ground are media and the military. For a more comprehensive analysis check out the white paper on 2010 Employment Trends created by Simply Hired. Although things look like they may be picking up, the sad reality is that workers who have been unemployed for months have a much harder time landing new jobs as compared with those who have been unemployed for weeks. Unfortunately, many of the workers that make up the 9.4 percent unemployed, have been out of work for six months or more. Further, the availability of jobs will vary by industry and perhaps more importantly geography. Data from Simply Hired suggests that employment opportunities are greater in Washington, D.C, Baltimore, Boston, Milwaukee, Minneapolis/St Paul, San Francisco and Denver as compared with Miami, Detroit, Sacramento and LA. The availability of healthcare jobs appears to be greatest in San Francisco and San Antonio. Interestingly, many of the new job postings are coming from smaller companies rather than those that constitute the Fortune 500 list. This means that former corporate employees may want to focus their job searches on smaller companies rather than continue to seek employment at big name companies.

Despite these encouraging and optimistic signs, the road ahead for most R&D scientists and pharmaceutical sales reps looks pretty bleak. That said, now may be a good time to consider alternate career options or possibly going back to school for retraining. To that end, data from Indeed.com suggests that learning HTML 5, the new, highly anticipated Web development language which may make Flash obsolete, may be the ticket to guaranteed employment. Knowledge of HTML 5 in addition to experience with mobile apps, the Android operating system and Twitter skills that are highly coveted by employers in many industries. Finally, if more school or retraining is not in your future, you may want to consider switching industries, moving to a different type of job in your discipline or, if possible, relocating!

Until next time...

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

 

Abbott to Cut 1,900 Workers

According to a post on the Pharmalot Blog, Abbott Laboratories today announced that it will eliminate 1,900 jobs or six percent of its workforce. The company cited its thinning pipeline and the current challenging regulatory environment for the corporate reorganization and downsizing. In other words, we are having trouble getting our new drugs approved and we can’t afford to continue to pay people’s salaries and benefits who aren’t delivering for us. The Pharmalot post didn’t provide specifics on the layoffs.  However, Lisa Madden a Delta  Pharma Recruiter and BioCrowd member  sent me a message and told me that 1,000 of the layed off workers were onsite employees and the remaining 900 were sales reps

Like it or not, this is the new reality for life sciences R&D types, So, if I were a  graduate student or postdoc considering a career in the life sciences industry, I highly recommend a well developed and carefully thought out “Plan B.”

Until next time,

Good Luck and Good Job Hunting!!!!!

 

Online Career Resources Sites for Life Scientists and Other Bioprofessionals

Believe it or not, employment opportunities are looking better in the life sciences industry. While this may be good news for some, the need for R&D scientists and sales representatives in the US is dwindling. The high cost and low ROI for R&D at most major pharmaceutical and biotechnology companies has forced life sciences executives to outsource many R&D functions that previously had been performed in house. Likewise, the inability of companies to bring novel, new medicines to market has reduced the need for pharmaceutical companies to maintain large sales forces. Put simply, there aren’t enough drugs to be sold to warrant large numbers of sales people trying to sell them! Given this backdrop, now may be a good time for bioprofessionals in these areas to consider new job opportunities and possibly new career paths. To that end, this post contains information about several biocareer developments sites (created by me) that may be helpful to bioprofessionals looking for work or new careers. 

BioCrowd

BioCrowd, created two years ago by Clifford Mintz and Vincent Racaniello, is an online networking site for scientists and other life sciences professionals. Built on a flexible and highly interactive social networking platform, BioCrowd was designed to foster scientific and business relationships between its members. While science is the main driver of our community, it takes a host of other bioprofessionals in addition to scientists to create successful life sciences ventures. To that end, BioCrowd provides its members with immediate access to world class academic researchers, industrial scientists, consultants, recruiters, venture capitalists and other life sciences professionals. 

Our goal is to provide a socially-interactive “one-stop-shopping” solution for bioprofessionals who are interested in advancing their careers or seeking new business opportunities in the life sciences industry.

BioJobBlog

BioJobBlog was created four years ago and focuses on training and career development issues that are facing scientists and other bioprofessionals. The blog offers career development ideas and advice for bioprofessionals and also provides insights into hot topics and debates taking place in the life sciences industry.

Its founder, Clifford Mintz, started the blog because of the career difficulties he faced while making the transition from an academic scientist to freelance science writer. Cliff hopes that by sharing his experiences with others they may be able to more easily navigate their own career paths which can be difficult, frustrating and emotionally- draining!

The BioJobCenter

The BioJob Center offers both job seekers and employers ‘real time,’ current job listings, job application tracking, and e-mail job alerts. Job seekers can join for free and search for jobs (based on job title and/or location) and directly apply for them from the job center.
Employers, for a fee, can list job openings; advertise jobs; call out ‘hot jobs’ or search candidate resume databases. Jobs posted to the BioJob Center are also simultaneously listed on other job sites including www.JobJobHealth.com and Twitter Jobs.

While this is not close to being a comprehensive list of biocareer development sites out there, I can safely say that the advice and content on these sites is relevant and sound.

Until next time...

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

 

Generic Giant Teva to Lay Off 200 Workers in California

Layoffs at big pharma companies have become commonplace but downsizing at generic manufacturers? Aren’t generic drugs sales exploding through the roof? And, aren’t all major pharmaceutical companies facing patent cliffs responsible for the massive downsizing that has taken place over the past four years? Teva executives apparently didn’t get that memo and announced today that the company will lay off 200 employees at its Irvine, CA manufacturing facility. Of the 200, 195 will lose their jobs by February 6, 2011.

This is the second round of layoffs at the manufacturing facility that Teva acquired after purchasing biosimilar manufacturer Sicor Inc., in 2003 for $3.4 billion. Last July, 70 jobs were eliminated at the plant which previously manufactured Propofol, the powerful sedative implicated in Michael Jackson’s death. Teva has since discontinued production of the drug because of the drug because it was hard to manufacture and that the company got little or no profit from it.

The company had to halted production and recalled some Propofol in 2009 after 41 patients were sickened with flu-like symptoms. The problem resulted from elevated endotoxin levels found in some vials of the sedative. Several lawsuits also were filed over the drug.

Until next time...

Good Luck and Good Job Hunting!!!!

 

Strategies to Help Unemployed Friends and Colleagues

It’s a New Year but national unemployment is still hovering around 9.4 per cent. And, the unemployed will continue to face unusually harsh economic conditions when looking for new jobs. 

Recent surveys indicate that of the 15 million unemployed Americans, greater than 40 percent have been jobless for six months or more. Further, older Americans who may have worked 20 to 30 years for the same or several companies— and were recently layed off—face the prospect of competing with lower paid younger workers and the realities of “age discrimination” (yes, it does exist in the US even though Federal law prohibits job discrimination for persons aged 40 years or older). Finally, long term unemployed workers are likely to experience emotional and psychological problems like depression more than others.

I am certain that many BioJobBlog readers are either experiencing long term unemployment themselves or know others like them. So, how can employed persons help their unemployed friends or colleagues?  Phyllis Korkki, who writes “The Search” feature for the Sunday NY Times Business section, offers some very good ideas and suggestions in her article entitled “Offering Help (Carefully) to Jobless Friends.” 

As the title of the article implies, helping unemployed folks must be approached with an enormous of amount of discretion and sensitivity. Offering off-the-cuff remarks like “Have you sent out any more résumés?” or “Have you called any more people?” is likely to be unhelpful and often counterproductive. In fact, Korkki suggests that experts she interviews note that “Expressing worry is a way for friends or family members to deal with their own anxiety over the situation and often serves to transfer anxiety to the jobless person.” As a person who has faced unemployment more than once during his career, I concur with all of Korkki’s observations!

There are small signs that 2011 is likely to be better than 2010. Nevertheless, unemployment in the US is expected to remain high for the next three to five years. To that end, learning to help friends and others deal with unemployment is a good idea. Unfortunately, you may find yourself in that position some day and it will be comforting to know that there are people out there who are willing to help.

Until next time...

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

 

Over 50,000 New Healthcare IT Jobs Will be Added in the Next Few Years

The $789 billion American Recovery and Reinvestment Act that was passed in 2009 included funding for the Health Information Technology for Economic and Clinical Health (HITECH) act to promote the adoption of electronic health record (EHR) technology in health. Beginning next year, doctors and eligible medical providers can receive Medicaid incentive payments over a five-year period if they adopt a certified EHR technology platform and adopt so-called "five goals" established by the Centers for Medicare and Medicaid Services

The act is expected to create more than 50,000 new health information technology (HIT) jobs. With many hospitals and physicians making the transition from paper charts to electronic medical records, there is a growing demand for specialists trained in the latest medical record technology. Recognizing the surging demand for HIT workers many universities including two- and four- year colleges and for profit institutions like DeVry University have created HIT certificate and degree programs.

There is no question that HIT professionals will be in high demand over the next decade or so. That said, if you have an interest in biology or medicine and like IT, HIT may be a good career choice for you! Don’t wait; act now.

Until next time...

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

 

More Downsizing

Aptuit, a drug discovery and development company announced that it will be cutting 340 jobs in Scotland over the next year. The company cited the worldwide economic downturn as the culprit. Likewise, the Austrian vaccine maker Intercell announced that it would be laying off an unspecified number of employees and dramatically cutting R&D expenses (by 40%) after it killed development of its enterotoxigenic Escherichia coli vaccine patch. The company pulled the plug on the vaccine after it failed to reduce the incidence of diarrhea in a randomized and placebo-controlled Phase III study involving 2036 participants.

On the bright side, PPD, a global contract research organization, announced that it plans to invest $28 million to expand its Lab Services Division in Henrico County, Virginia and add 190 new jobs over the next three years. 

Until next time...

Good Luck and Good Job Hunting (try Virginia)!!!!!!

 

Five Ways to Improve Your Curriculum Vitae

I have been professionally critiquing curricula vita (CV) for scientists for the past 10 years or so. While some are better than others, they all tend to suffer from the same problems and mistakes. This is mainly because scientists, unlike many other jobseekers, are rarely taught the “ins” and “outs” of resume writing. 

 Like anything else, resume writing is more of an art than a science and it takes many years and lots of trial and error to discover a format that works. That said, I found an article written by Charles Purdy, the Editor of Monster Hot Jobs, that offer would-be resumes (CV) writers some useful tips.

In the original article, Purdy offered eight tips for resume writers. However, some of the original eight were not germane to science CV writing. To that end, I pared the list down to five and added my own titles and commentary.

1.  Customize the wording of your CV

An easy way to make sure your resume gets you in the door for an interview is to echo or parrot the language in a job post in your CV. This is because a resume reader—whether human or software-based —will be screening them for so-called “key words.” Failure to include key words in a CV will likely mean that it will be placed in the not interested pile.

Look for ways to creatively use keywords throughout your CV. And yes, for those of you who may be thinking ahead, this means that a new CV will have to be created for every job applied for! You cannot be lazy if you are seriously looking for a job.

2.  Insure the accuracy of CV content

There is a saying among professional recruiters that goes something like “they all lie.” This means that there is a general consensus among recruiters and HR professionals that most jobseekers include “little white lies” in their CVs to bolster their changes of landing a job.

While this practice may have been tolerated in the past, the advent of social media, online background checks and increasing competition for jobs suggests that person who knowingly include false or misleading information in their CVs will suffer the consequences for lying. Nobody is going to hire an individual who has the propensity for not being forthcoming or telling the truth. So, keep it real and honest; or you may find yourself unemployed for a very long time.

3. Objective statements are passé

Honestly, I never truly understood objective statements; especially if they said something like, “to obtain a position as a laboratory scientist.” Well...duh....we know that you want to be a laboratory scientist because you applied for a laboratory scientist position at our company! 

Instead of an objective statement, I highly recommend CV contain a section (at the beginning) called “Summary of Qualifications” or “Personal Profile” This provides jobseekers with an opportunity to tell perspective employers who they are, what they bring to the table and why  they, rather than their competitors ought to be considered for the job. It also allows jobseekers to generously incorporate as many keywords gleaned from the job post into their CVs.

4.  Keep the verbosity down and use exciting and laudatory language

Scientists tend to wax romantically about their work and in many cases are overly verbose when it comes to describing what they have done and where they have been. On the other hand, hiring managers, HR professionals and recruiters don’t have the time or patience to read dense, wordy and often times redundant CVs.

The key to success is to clearly, cogently and boldly express your skill sets, talent and other assets that you will bring to the table if hired at a company. This requires a substantial amount of thinking, time and word-smithing to get it right. In other words, you will have to spend more than 30 min throwing together your CV.

Also, it is vital to construct a CV using action verbs and flowery, laudatory adjectives to sell yourself to prospective employers. Writing in the passive voice is tedious and quite frankly boring. Prospective employers want to hire people, who are confident about their abilities, demonstrate the ability to take control and face challenges without flinching.

Further, I know that we scientists are told not to promote or say exemplary things about ourselves but it is time to get over it; the rest of the job-seeking world does it and we are no different than other persons!

5. Appearance does matter!

Let’s face it: nobody wants to read a densely-packed CV written in 10 pt font. While it is true that content is the most important thing contained in a CV, the way information is presented can influence whether or not a CV is read by a prospective hiring manager or employer.

I generally recommend an open, inviting design that allows a reader to easily find all of the pertinent information about prospective employees.  Truth be told that when I was working as a professional recruiter, I tended to not even look at dense, visually unappealing CVs unless I was desperate for a job candidate.

While I am sure that I missed a few things, these tips will help to improve your CV and possibly lead to gainful employment. Let me know your thoughts!

Until next time...

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

 

Pharmaceutical Job Cuts Exceed 50,000 in 2010

Despite signs earlier this summer that job cuts at pharmaceutical companies were beginning to slow, it appears that the number of jobs lost in 2010 may come close to the roughly 61,000 pharmaceutical jobs that were eliminated in 2009. This is based on quarterly Job-Cut Announcement Report published by the outplacement firm Challenger, Gray and Christmas. 

In past month or so, two big pharma companies, Roche and Novartis, announced that there will be major corporate reorganizations and deep job cuts to reduce spending, increase profits and bolster flagging stock prices. 

While things appear to be improving in other parts of the economy, the life sciences industry has been devastated by massive job layoffs in the past three years. Although pharma executives publicly blame the downsizing on the recession, massive R&D units, thinning pipelines and a failure to obtain a sufficient ROI on the huge sums of money poured into new drug development over the past decade are the real reason for the blood letting. Unfortunately, the US job market for life scientists won’t be improving anytime soon; mainly because it is more cost effective for companies to perform R&D and clinical testing in the emerging markets of China, India, Brazil and Russia (BRIC).

The ability of life sciences companies to successfully perform these activities outside of the US is in large part due to the lack of interest by American students in science careers and misguided immigration policies that prevented talented US-trained foreign nationals from remaining in the US after completing their training. This allowed many foreign countries to achieve a critical mass of US-trained life scientists and provide Western life sciences companies with a highly trained and well equipped scientific workforce.

With the holidays approaching, now may be a good time for those of you who work or considering careers in the life sciences industry to re-evaluate or consider alternate career options for life scientists.

Until next time...

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

 

Despite Assertions to the Contrary Novartis Lays Off 1,400 Sales Reps

Despite public assertions made by Novartis a mere eight days ago that it would not be eliminating thousands of jobs, the company today announced that it was eliminating 1,400 sales reps. Roughly 1,150 jobs will be cut from its primary care division—which is being consolidated into three units from four in the US—and another 250 from psychiatric and neuroscience. No jobs will be eliminated from Novartis’ headquarters in Hanover, NJ. While the job cuts announced today were not in the thousands (almost) it isn’t clear whether or not more are to come.

According to a post on today’s Pharmalot blog:

"Novartis had attempted to dampen speculation that a huge bloodletting was imminent after Roche disclosed plans to axe 4,800 jobs worldwide (back story) and, in fact, Joe Jiminez, the CEO, had written on his internal blog that news reports about big layoffs were inaccurate. Technically, the Novartis reduction is not in the thousands, but the number is still large and, essentially, confirms concerns that have been expressed over the past month at CafePharma, the online forum where reps dish the dirt (look here)."

Don’t you just love the holidays?

Until next time...

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

 

Why Nastiness in the Workplace Can Destroy a Company

During the course of my long and somewhat varied career, I have had the opportunity to work at a variety of different companies and organizations. Admittedly, while I am generally a “half-empty” kind of guy, the places where I enjoyed working the most were the ones where people treated one another with respect and management made a concerted and obvious effort to create a positive workplace environment. It didn’t matter whether I was a manager or a contract worker; I enjoyed going to work every day and I worked hard for the company. 

Unfortunately, many companies don’t understand the importance of a positive and supportive workplace. And, not surprisingly, the workplace environments and corporate cultures at these companies are toxic and destructive. They are frequently rife with dictatorial managers and nasty co-workers who are intent on sabotaging one another to “get to the top.” No one who works for these companies is happy or productive and most employees are intent on getting out when they can. However, until they leave, they are unhappy, stressed and generally miserable on a daily basis. With this in mind, it is important that these employees learn or develop skills to protect themselves against the toxic effects of a dysfunctional workplace.

To that end, Robert Sutton provides insights and ideas on how to accomplish this in an article entitled “How Bad Apples Infect the Tree” that appeared in this Sunday’s NY Times Business section.

It is definitely worth a read!

Until next time...

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

 

A Novel Approach to Hiring Pharmaceutical Sales Reps

The Pharmalot Blog today reported that the Japanese drug maker Shionogi Pharmaceuticals is testing  a novel approach to hiring new pharmaceutical sales reps. 

According to the post, Shionogi has eight open positions to fill in the US which in of itself is interesting considering that as many as 80,000 pharma sales reps may have lost their jobs over the past three years or so. But, after a little digging, Ed Silverman, who writes the Pharmalot blog discovered something a little different about the ads for the jobs.

 “The ads state expressly that anyone with a background in pharma sales is not wanted for the jobs, which pay around $40,000-plus, not counting a bonus of $17,000 to $19,000 and the usual frills, such as the use of a company car. You do, however, need a bachelor’s degree - no major is specified - and must be outgoing, upbeat and comfortable speaking with others (see a job description here).”

Ed posits that by eschewing reps with prior experience the company will spend a lot less money and are likely to be more “trainable” than experienced, higher priced reps who may have developed “bad habits.” And, according to Ed, some those bad habits may include those who may be “inclined to look for off-label marketing violations that could be the stuff of whistleblower lawsuits or those who are primed to seek opportunities to sue for overtime pay.” 

Oh that Ed, what a kidder!

Until next time....

Good Luck and Good Job Hunting!!!!

 

Bayer to Cut 4,500 Jobs

The German drug maker Bayer today announced that it plans to eliminate 4,500 jobs by 2012. Of the 4,500 positions to be cut, roughly 1,700 will be eliminated in Germany. Interestingly, during the same period, Bayer plans on creating 2,500 new jobs in “emerging markets;” yet another sign that big pharma is betting on translating the explosive growth of these markets into large profits.

While pharma’s interest in emerging markets may be good for the workers who live in these regions, it has been disastrous for scientists and sales personnel in developed markets like the US and Europe. To date, almost 200,000 pharmaceutical and biotechnology employees have lost their jobs since 2007.

Until next time...

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

 

Despite Large Profits Big Pharma Continues to Shed Employees

The fiscal year at most life sciences companies is drawing to a close, new budgets are being crafted and the holiday season is almost upon us. In years past, this time of year typically meant that it was bonus time for most pharma workers. Sadly, over the past three years bonus time has been replaced by layoff time. And, unfortunately the upcoming holiday season may not be joyous for many Pfizer and Roche employees.

Yesterday, Pfizer indicated that it may lay off up to 11,700 more employees than the 19,500 it had announced in connection with the buyout last year of Wyeth Pharmaceuticals. While Pfizer confirmed that it would be reducing its worldwide work force by more than the originally expected 19,500 the exact number remains a mystery. However, a quarterly report filed Friday with the U.S. Securities and Exchange Commission stated that Pfizer has estimated termination costs for 46,600 employees, while only 33,400 workers had actually been laid off as of Oct. 3. This appears to suggest that the company plans to reduce its work force by 11,700 more than originally announced, given that Pfizer is only 1,500 positions away from fulfilling its job-elimination pledge related to the Wyeth merger.

The additional job cuts—if they are realized—would amount to about 10 percent of Pfizer’s worldwide work force. If a reduction of that magnitude were applied to Pfizer drug-research sites in Groton and New London, which currently employ nearly 5,000 workers, about 500 jobs would be lost. The company in January 2009 announced that cuts would total 15 percent of the combined Pfizer and Wyeth work force. At the time, the combined work force numbered about 130,000; the latest official figure places that number at 111,500.

In other news, Roche today announced plans to cut 4,800 jobs, or 6 percent of its worldwide workforce of 82,000. Today’s announcement confirms the news leak three months ago (reported by the Pharmalot Blog) which suggested that job cuts would be likely during the fall.

According to today’s press release, technical operations activities will be reorganized in California, Mannheim, Germany and various other sites, resulting in the elimination of 750 jobs. The company also intends to sell sites in Florence, South Carolina and Boulder, Colorado; shedding an additional 600 jobs. About 1,200 jobs will be cut in the North American commercial operations, mainly in Roche’s primary-care business, while 700 positions will be lost in commercial operations in Europe.

R&D will also be affected. The company will discontinue activities in research and early development in RNA interference in Kulmbach, Germany, Nutley, New Jersey, and Madison, Wisconsin. Also, there are plans to reorganize other operations at these sites which will eliminate another 600 jobs.

Until next time...

Good Luck and Good Job Hunting (are there any left?)!!!!

 

Biogen and Charles River Laboratories to Cut Jobs

Biogen yesterday announced that it was undergoing a major restructuring that will claim 650 jobs--about 13 percent of the company's total workforce. Also, the Cambridge- based company said that it is closing three sites, and would consolidates its Eastern Massachusetts operations into existing facilities in Cambridge and Weston. Additionally, Biogen is abandoning cardiovascular medicine and plans to spin out or outlicense its oncology assets. Instead the company will focus its efforts on developing new medicines to treat various neurology indications.

The Pharmalot Blog reported that late yesterday, Charles River Laboratories reported disappointing third-quarter earnings and disclosed, among other things, that 4 percent of its workforce, or 300 jobs, would be eliminated. This follows the elimination of 300 positions earlier this year.

We are getting closer to this year’s holiday season—the time of year that pharma and biotechnology companies like to announce layoffs. Life sciences employees better “buckle up” for a possible wild ride as 2001 draws near!

Until next time….

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

 

Mobile Apps for Life Sciences Researchers

There is no question that mobile apps are de rigueur and like other mobile devices users, life science researchers are beginning to regularly use them! After all, any innovation that can make the long hours spent doing laboratory research, easier, less time-consuming and enjoyable are likely to be welcomed by most researchers.

According to Alex Hodgson, one of the founders of the antibody review site called BioHub Online “mobile apps for science-types are popping up everywhere.” These apps range from lab timers, to mobile notebooks and science journals. 

Alex recently reviewed several mobile science apps on the BioHub Blog  that “piqued her interest” Some of the apps may be familiar to you while others may not. This is what she had to say:

'Bio-Apps: Technology Meets Science'

By Alex Hodgson

Mendeley iPhone App
Free

This application indexes and organizes all of your PDF documents and research papers into your own personal digital library. It gathers document details from your PDFs allowing you to search, organize and cite. It also looks up PubMed, CrossRef, DOIs and other related document details automatically, importing papers quickly and easily from resources such as Google Scholar, ACM, IEEE and many more at the click of a button. 

Sync with Mendeley
Mendeley (Lite) for iPhone syncs seamlessly with your Mendeley research collection. This means that you can now carry your personal digital library with you wherever you go. 

Read your Papers Offline
If there is a paper you want to check out later, you can download it over wifi straight to your iPhone from your online library. It will remain available to read offline at any time, making it easy for you to read what you want, when you want.

Share Citations
If there is a paper that you just need to let your colleagues know about right now, you can share the citation to that paper from within the app via email.

Molecules
Free

Molecules is an application for the iPhone, iPod touch, and now iPad that allows you toview three-dimensional renderings of molecules and manipulate them using your fingers. You can rotate the molecules by moving your finger across the display, zoom in or out by using two-finger pinch gestures, or pan the molecule by moving two fingers across the screen at once. The combination of the iPhone, iPod touch, and iPad's unique multitouch input system and the built-in OpenGL ES 3D graphics capabilities enable you to feel like you are manipulating the molecules themselves with your fingers.

New molecules can be downloaded from the RCSB Protein Data Bank

Primer Jot
$0.99

This molecular biology application aims to help you keep track of your oligos, all in one place, calculate the primer melting temperature (Tm) (based on a standard set of conditions) and categorize it, assign a project, as well as physical location details. Search feature ever allows you to quickly search primers/oligos based on name, project, sequence, Tm and even your notes. A must-have for anyone who works with PCR.

BioLegend Tools for the iPad/iPhone Application
All Free

BioLegend CD Molecules Applications
The application compiles information on all of the Human and Mouse CD Markers based on the findings of the HLDA workshop. Now you can find CD molecule information quickly and conveniently in the palm of your hand.

Cytokines & Chemokines Application
This application provides you with important information about your mouse and human cytokines and chemokines. Now you can find information about cytokines and chemokines quickly and conveniently in the palm of your hand.

BioLegend Tools for the iPad
This application includes information on Human & Mouse CD Molecules from the HLDA Workshop and Cytokines & Chemokines,an Antibody Usage Calculator as well as a lab timer.

Apps from Invitrogen
Free

DailyCalc
Calculate molarity and formula weight, or find unit conversions and cell culture references all with this smart calculator widget.

Alexa Fluor Selection Guide
This handy app serves as a quick reference guide for selecting the perfect Alexa Fluor® dye for your research.

Promega
Free

This application provides lots of great information for life scientists, including quick access to molecular biology calculators, technical tips, protocols, and multimedia presentations. The calculators provide a range of functions essential to molecular biology experiments, including DNA and protein conversions, melting temperature, molarity and dilution calculations.

The Protocols & Applications section of the App covers molecular, cell biology, DNA and protein analysis procedures, and is divided into chapters covering a comprehensive range of topics --from basic amplification techniques to real-time PCR, from simple cell-based assays to complex imaging techniques, and from protein expression to more involved protein interactions assays.

All are available through iTunes

Until next time...

Good Luck and Good Researching!!!!!!!!!!

 

A New Trend? Teva Announces Philadelphia Expansion and the Addition of 200 New Jobs

Yesterday, Novartis, one of the world’s largest pharmaceutical company announced that it would double the size of a planned expansion of its R&D headquarters in Cambridge MA and add 200 to 300 new employees.

Not to be outdone, Teva, the world’s largest generic drug manufacturer, today announced that it would create 200 jobs at a distribution facility it plans to open in Northeast Philadelphia.

According to a press release, the $295 million project will create more than 200 jobs within three years and retain more than 200 existing positions. It would appear that cash-rich pharmaceutical and generic drug manufacturers are beginning to realize that investments in infrastructure are likely to be important as the pharmaceutical sector continues to undergo a transformation. Also, it is likely that they are running out of acquisition targets and have to spend some of their excess cash for tax purposes (I know pretty cynical but what can I say) In any event, this is good news for unemployed former pharmaceutical employee and also for the American economy!

Until next time...

Good Luck and Good Job Hunting

(Check out Philly; it's not as nice as Cambridge but a job is a job!)

 

Bucking the Downsizing Trend: Novartis to Expand Cambridge Operations and Add Several Hundred New Jobs

Unlike most of its competitors, which are downsizing operations, the Swiss drug maker Novartis yesterday announced plans to double the size of a planned office and laboratory complex in Cambridge, MA. A company spokesperson said that the expansion which will cost $600 million was part of a plan to bolster Novartis’ research operations and strengthen partnerships with local universities and biotechnology start ups. 

Novartis, Cambridge, MA largest corporate employer, expects to hire an additional 200 to 300 employs over the next five years increasing the size of its workforce in the city to 2,300.

Cambridge has become a something of a Mecca to pharmaceutical companies looking to tap into scientific information and intellectual property at Harvard and MIT and forging alliances or partnerships with early-stage biotechnology companies. In addition to the Novartis Research Institute, other companies in and around Cambridge include Sanofi-Aventis—which, last summer, unveiled a $65 million expansion in Cambridgeport that will house a new cancer research division and create 300 new jobs—AstraZeneca, GlaxoSmithKline, Shire and Pfizer.

In addition to its plan to expand operations and R&D capability in Cambridge, Novartis has agreed to build a $1.0 billion complex of offices and laboratories in Shanghai, China. Novartis like most other big pharma companies is trying to leverage scientific information and talent anywhere in the world to bolster their rapidly dwindling drug pipelines. 

The upside of Novartis’ Cambridge project is that it will help to create new construction, support and additional pharmaceutical jobs and help the city weather ongoing recessionary times. Who knows; maybe this is a sign that the US economy is growing and good times may be just around the corner!

Until next time...

Good Luck and Good Job Hunting (I highly recommend Cambridge MA)

 

Quertle: A Powerful, New Search Engine that Make Biomedical Literature Searches, Smarter, Easier and Less Time-Consuming

In 2009, I posted an article that described the salient and beneficial features of many of the biomedical search engines that had been developed for life scientists conducting laboratory research. While attending the Experimental Biology Meeting earlier this year I discovered a newly developed biomedical search engine called Quertle. After, watching Quertle in action, I was convinced that it was one of the best innovations to hit the life sciences field since the introduction of plasmid purification kits (yeah I know I am dating myself).                                    

Unlike most of its competitors, Quertle uses semantic-driven text analytics to find conceptual relationships between documents—not just query terms scattered though out a document. For example, suppose you want to find information on diseases of aging. Your query "diseases of aging" on other sites might find an article where "disease" is in the first sentence and "aging" is in the last sentence, perhaps even in the references. Consequently, a large number of the results will be irrelevant. In contrast, Quertle’s smart relationship-based search finds and presents those documents where the author has asserted a relationship between "disease" and "aging", such as "disease associated with aging". This gives you the results that are truly relevant, with the important facts nicely highlighted (Try it). Then, Quertle takes it even further; its proprietary Power Terms and algorithms that automatically identify key concepts in the documents allow users to quickly conduct highly targeted, relevant literature searches and intuitive ways to explore them (Try this Power Term search and check out the list of diseases found). 

Quertle’s powerful easy-to-use searching covers all of PubMed, an expanding collection of full-text articles (including BioMed Central and Open Access articles in PubMed Central), biomedical news, and even whitepapers and reports from different companies. The most recent Quertle software upgrade added TOXLINE and NIH RePORTER databases to it search repertoire.

Recognizing that access to full-text journal articles is of paramount importance to all literature searches, the latest version of Quertle now supports link resolver systems. By using Quertle’s new, displayed “My Library” link users can easily and seamlessly access their institutions’ library holdings. Recognition of individual users’ academic institution is accomplished by identifying user IP addresses (provided by the library) or through special Quertle links offered to the different libraries. Interested librarians can contact Quertle to get their institution added to the Quertle list.

Quertle’s developers are veterans of the life sciences field and understand the rigorous challenges facing laboratory researchers. Their goal was to make literature searching easier, more powerful and less time consuming. Check it out and let me know what YOU think!!!

Until next time.....

Good Luck and Good Searching!!!!!!!!!!

 

 

Attention: All Science and Medical Writers--BioInsights Launches the BioWriters Forum

Medical/science writing is increasingly becoming popular among PhD life scientists are having trouble finding traditional laboratory-based, research jobs. The transition from laboratory research to writing is not an onerous one; especially if you like to write.

As many of you may know, I am a freelance medical/science writer who entered the field about 10 years ago.  Because most freelancers work from home offices, the lack of communication with others can be overwhelming at times. Consequently, many of us subscribe to e-mail-based listservs which allow us to stay in touch with other writers and frreelancers. Most of these medical writing listservs are run and maintained by the American Medical Writers Association (AMWA). In order to access and participate at the listservs, you must be an AMWA member which costs $145 or more per year.

While the AMWA forums are very popular, AMWA officials assiduously monitors them and at times, restricts some of the content that can be posted. For example, members of the 'freelance business only listserv' are strictly prohibited from posting jobs or alerting others to potential freelance opportunities. AMWA officials contends that these posts are inappropriate and disruptive. However, the real reason for the prohibition may be that AWMA operates a separate, fee-based service that allows freelancers to hawk their services.  In other words, allowing  users to mention freelancing gigs or job opportunities on 'freelance business only' listserv, could potentially jeopardize an additional AMWA revenue stream.

Occasionally, freelancers like me break the rules (go figure) and mention "hot" jobs or employers who may be looking for writers. I do this because, as a freelancer, I am painfully aware that my success as a freelancer is contingent upon my ability to maintain a regular, ongoing stream of freelance gigs. Unfortunately, the AMWA officers who monitor the listservs (many of whom are not freelancers), don’t understand this. Consequently, repeat offenders-- like me--have been threatened with financial sanctions and possible expulsion from the listserv.

Because I don't like feeling oppressed and being told what to do, I decided to create my own forum where freelancers can freely exchange information, post jobs, alert others about potential gigs and jobs and generally have an open and ongoing discussion about medical and science writing.  To that end I launched the BioWriters Forum about two weeks ago. The forum is hosted by BioInsights, Inc and is sponsored by BioJobBlog and BioCrowd. The forum is free but membership is required in order to participate. Please check it out and join if you like.

For those of you who decide to join, please feel free to send me any ideas, thoughts, suggestions, kudos, kvetches etc, that you may have.  Enjoy!

Until next time....

Good Luck and Good Freelancing!!!!!!!!!

Employers

 

Bucking the Trend: Roche to Add 500 Jobs in Tucson, Arizona

In contrast with many of its competitors, which have layed off thousands of pharmaceutical employees over the past two weeks, Roche today announced that it was creating 500 new life sciences jobs at Oro Valley, Innovation Park in Tucson Arizona.

Roche already has a strong presence in Southern Arizona, having acquired Oro Valley-based Ventana Medical Systems in January 2008. The new positions will garner median salaries of $70,000 per year or more and new employees are expected to be added over the next year or so.

Oro Valley and, in particular, Innovation Park, is quickly becoming a regional hub for cutting-edge bioscience research. In addition to Roche, Sanofi-Aventis also has a research center at the 535-acre campus. Further, the University of Arizona recently acquired Sanofi-Aventis’ older, smaller lab space a few miles from the park. Plans for that lab call for drug research, but the lab will also be used as a business incubator.

Mix in the UA’s Bio5 Institute, which helps move research in science and engineering into the marketplace; and Tucson-based Critical Path Institute, which focuses on shortening the process it takes to bring medical innovations to the public, and there is a growing cluster of bioscience research taking place in the Tucson area.

While this may be good news for scientists and other white collar workers, it isn’t clear who will be responsible for maintenance and operation of these facilities given Arizona’s egregious and indefensible anti-immigration laws!

Until net time...

Good Luck and Good Job Hunting!!!!!

Sanofi-Aventis to Shed 1,700 Jobs

Late last Friday, Sanofi-Aventis announced that it was restructuring it US pharmaceutical business to meet the demands of a more challenging American healthcare market. The company said that it will streamline U.S. Pharmaceutical Operations and reduce its workforce by an estimated 25 percent. This translates into eliminating approximately 1,700 positions. Decisions about the breadth and scope of the cuts will be finalized by mid-December.

Of the 13,000 US employees, 6,900 work in the Pharmaceutical Operations division. Other Sanofi-Aventis affiliates in the United States include its R&D group, Sanofi Pasteur Vaccines, BiPar and Chattem: its consumer healthcare business.

According to Gregory Irace, President of Sanofi-Aventis and CEO of Sanofi-Aventis US/.Canada Pharmaceutical Operations,

“Given the serious challenges facing our organization and the healthcare industry, it is important to act decisively now so that our organization has greater stability moving forward and that our resources are allocated to our strategic growth priorities. These changes will foster a renewed focus on the strong growth and pipeline opportunities that will drive our vision of being a diversified healthcare leader.” Sanofi faces a serious “patent cliff” in the very near future; mainly because its top selling anti-clotting drug Plavix is slated to lose patent protection in 2011. Also, the company lacks expertise in biotechnology: the discipline that most big pharma companies is going to drive future growth in the industry."

The lack of biotechnology prowess is largely responsible for Sanofi’s attempt to purchase Genzyme, one of the largest and profitable biotechnology companies in the world.

Last week, Sanofi confirmed that its bid for Genzyme had become hostile because its management team and board of directors failed to seriously consider a bid tendered at $69 per share or $18.5 billion. Genzyme’s management team and board of directors immediately rejected the hostile bid (as it did in the past when the offer was “friendly”). The hostile bid allows Sanofi-Aventis to bypass Genzyme’s Board and appeal directly to its shareholders to consider the offer.

Restructuring of its US pharmaceutical operations, may be a sign that Sanofi-Aventis is attempting to cut costs to finance the all cash deal.

I suspect that Sanofi-Aventis will prevail in its bid for Genzyme; but it will have to sweeten the offer to appease activist investor Carl Icahn who is likely seeking an offer in excess of $75 per share.

If I were a betting man, I would put my money on Icahn—a brilliant financial strategist who frequently gets what he wants

Stay tuned for more late-breaking Sanofi-Aventis/Genzyme news!

Until next time...

Good Luck and Good Job Hunting

 

Big Pharma Continues to Shed Large Numbers of Jobs

While a report released today indicated that the pharmaceutical market is expected to grow to about $800 billion by 2011—a 5 to 7 percent increase—pharmaceutical companies shed another 6,069 jobs in September according to the outsourcing firm Challenger, Gray & Christmas. This is compared to only 200 pharmaceutical employees who were given pink slips in August. Despite a lull this summer, it appears that pharma companies are ramping up again to layoff large numbers of employees by year’s end.

Previously, industry analysts were predicting that job losses in the pharmaceutical sector would be less than last year when 58,583 employees were shown the door. However, at the current pace—43,334 jobs lost so far—the total number of pharma jobs lost in 2010 may match or surpass the losses in 2009. This is because pharma budgets for the upcoming fiscal year are prepared in the fall and the real bottom lines are not known until the holiday season is upon us. Consequently, pharma has a nasty habit of announcing layoffs during the holiday season (nice huh?)

To date, Abbott Laboratories, Bristol-Myers Squibb, Endo Pharmaceuticals, Lundbeck, Lonza, and Johnson & Johnson have all announced plans to reorganize and downsize. It is anyone’s guess which companies may follow suit.

Unfortunately, it is tough to be in the life sciences business these days; unless of course you live in China, India, Eastern Europe and Latin America! Alternatively, it may not be a bad idea to relocate!

Until next time...

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

 

Bristol-Myers Squibb to Cut 840 Jobs Worldwide

Several months ago, I posted an article that suggested that layoffs in the pharmaceutical industry were beginning to slow. Apparently executives at Bristol Myers Squibb (BMS) didn’t read my blog post (I believe that they have in the past) and today announced that the company will eliminate 840 jobs or 3 per cent of its 28,000 member workforce.

The company says the jobs will be eliminated over the next six months, and the cuts could be spread across all its businesses and geographic locations. A BMS spokesperson indicated that company executives are still reviewing the entire organization to determine which jobs will be eliminated. The new round of layoffs is intended to further streamline the company. Interestingly, BMS purchased Seattle-based Zymogenetics for $885 million two weeks ago.

These cuts coupled with small biotechnology company acquisitions and a recent stock buyback initiative suggests that the company may be positioning itself for sale or merger. BMS’ top selling drug Plavix which represents almost 40 percent of the company’s revenue stream will lose patent protection in 2011.

Until next time...

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

 

Abbott to Shed 3,000 Jobs

The Pharmalot Blog today reported that Abbott will be cutting about 3,000 jobs. The downsizing comes about a year after Abbott purchased Solvay Pharmaceuticals for about 6.2 billion but failed last month to find a buyer for the Solvay vaccine unit (which was expected to fetch about $600 million). 

According to the post, most of the jobs will be eliminated in R&D, manufacturing and commercial operations mainly at former Solvay Pharmaceutical sites in the Netherlands and Germany. Also, Solvay’s current US headquarters in Marietta Georgia will be closed in the near future.

Abbott has approximately 90,000 employees worldwide. While the recession may be officially over the job cuts continue and unemployment continues to rise.

Until next time...

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

 

BioScience Layoff Updates

Last week, the outsourcing firm Challenger, Gray and Christmas reported that layoffs at big pharmaceutical companies had slowed in August. However, while layoffs may have begun to slow at many big pharma companies, they are continuing at several biotechnology and specialty pharmaceutical companies.

In a press release late last week, Roche CEO Severin Schwan announced that the company will review its business and cut costs to offset recent setbacks with some of its key drugs and rising healthcare costs. These setbacks include suspension of clinical trials for ocrelizumab, a mAb-based treatment for rheumatoid arthritis, a rejection of accelerated review of trasttuzumab-DM1 a new breast cancer treatment and a delay in approval for a diabetes drug.

Many of the setbacks have occurred at its biotechnology subsidiary, Genentech. Consequently, much of the costs savings, including restructuring and layoffs will likely occur at Genentech over the next few years. The cutbacks are expected to save the company almost $1.9 billion per year. According to one biotechnology analyst:

"They will mainly be looking at the primary sales force and R&D for cuts, which will be mostly in the United States and Europe. There was overcapacity in the sales team -- numbering around 1,500 in the United States and Europe -- after a recent delay to its diabetes drug candidate taspoglutide and the fact Roche had one of the highest research and development spending rates in the industry offered scope for savings”

In related news, Marc Tessier-Lavigne, PhD, Genentech’s second in command for R&D, yesterday announced that he was leaving Genentech to become President of Rockefeller University. While Dr. Tessier-Lavigne contends that his decision to leave Genentech after 7 years has nothing to do with expected cutbacks and layoffs, his departure signals that big changes are likely at the company in the near future.

Also last week, Endo Pharmaceuticals announced that it would be cutting the size of its sales force. The announcement comes just one month after Endo agreed to purchase Penwest Pharmaceuticals for $144 million. Moreover, the $3.2 billion dollar merger between the biotechnology company Valeant Pharmaceuticals and Biovail is expected to result in a 25 percent reduction of its combined 4,000 employee workforce. Finally, Japanese drug maker Shionogi yesterday announced that it is cutting roughly 50 percent of its US sales force to 350 sales reps.

Although layoffs may have appeared to abate at many big pharma companies, don’t be surprised if new job cuts are announced around the beginning of the US holiday season this year. Also, layoffs will continue at biotechnology and specialty pharma companies as consolidation continues in these sectors.

Until next time...

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

 

BioCrowd Launches the BioJob Center

Looking for a job can be overwhelming, time consuming and emotionally draining. Recognizing this, BioCrowd founders Cliff Mintz and Vincent Racaniello began searching for a tool that would help to reduce the pain associated with looking for a job. To that end, BioCrowd in association with Career Management Source, Inc— an emerging, life sciences recruiting management software company —are pleased to announce the launch of the BioJob Center at the BioCrowd.

The BioJob Center offers both job seekers and employers ‘real time,’ current job listings, application tracking, and e-mail job alerts. Job seekers can search for jobs (based on job title and/or location) and directly apply for them from the job center.

Employers can list job openings; advertise jobs; call out ‘hot jobs’ or search candidate resume databases. Jobs posted to the BioJob Center are also simultaneously listed on other job sites including www.JobJobHealth.com and Twitter Jobs. Other job boards and sites will be added in the near future.

The search engine that powers the job center was specifically designed to automatically ‘pull’ thousands of job listings from life sciences corporate websites, bioscience job boards and other sources. Job search results are updated in real time and positions that have already been filled are automatically eliminated from search results. This feature prevents job seekers from wasting time applying for jobs that no longer exist!

Job seekers can post their resumes and join the BioJob Center for free! One of the cooler features of the new tool is customized candidate e-mail alerts. Job seekers who use this feature receive alerts when new jobs (that meet specifications) are posted to the BioJob Center or added in real time by the search engine. This helps to save time by avoiding multiple visits to job boards and conducting an endless number of Google searches.

Whether you are a job seeker or employer, Vincent and I believe that the BioJob Center will help to expedite and alleviate some of the stress associated with job searches.

Please visit the BioJob Center today and let us know what you think! Also, those of you who may have suggestions, ideas, kudos, kvetches, etc please feel free to contact me!

Until next time...

Good Luck and Good Job Hunting!!!!!

 

A Novel Alternate Career Choice

Several years ago a television show appeared on the BBC entitled “Secret Diary of a Call Girl” which follows the life of a seemingly ordinary, but struggling, student named Hannah aka Belle de Jour who, unbeknownst to family and friends, secretly moonlights as a prostitute to make ends meet. The BBC series (which starred the British actress Billie Piper) was based on an anonymously written blog (later books) that began appearing in 2003.

Last November, the author behind the blog and bestselling books revealed herself to be none other than Brooke Magnanti, PhD a researcher in developmental neurotoxicology and cancer epidemiology at a hospital in Bristol, England. And, while a doctoral student in 2003, actually worked as a prostitute (£300 per hour) for an escort service to help pay rent and make ends meet when writing her PhD thesis. At the time, she was already an experienced science blogger and began writing about her experiences on a blog entitled 'Belle de Jour: Diary of a London Call Girl' which was later adapted into the books and the television series. 

Magnanti said she was working on a doctoral study for the department of forensic pathology of Sheffield University in 2003 when she began her secret life. "I was getting ready to submit my thesis. I saved up a bit of money. I thought, I'll just move to London, because that's where the jobs are, and I'll see what happens. She added "I couldn't find a professional job in my chosen field because I didn't have my PhD yet. I didn't have a lot of spare time on my hands because I was still making corrections and preparing for the defense and I got through my savings a lot faster than I thought I would"

Dr. Magnanti has no regrets about the 14 months she spent working as a high priced call girl. "I've felt worse about my writing than I ever have about sex for money," she said. "I did have another job at one point, as a computer programmer, but I kept up with my other work because it was so much more enjoyable" she added. Interestingly, Magnanti has kept her day job as a researcher and writes in her spare time.

While this alternate career option may not appeal to most, it certainly was a creative choice that demonstrated at least one scientist’s commitment to “doing whatever it takes” to pursue a scientific career!

Until next time...

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

 

Good News for Jobseekers (sort of): Pharma Job Losses Slow in August

The Pharmalot Blog reported today that a survey conducted by the outsourcing firm Challenger, Gray & Christmas shows that only 200 pharmaceutical employees lost jobs in August. This compared with the 2,023 jobs lost in July, 830 in June and the 6,943 in May. According to the post, this year’s job loss tally is 37,265 as compared with 53,004 in 2009.  Since 2007, it has been estimated that over 180,000 life sciences employees have lost their jobs.

While the slowing layoffs are encouraging, there are no signs that companies are going to be hiring in 2011 (unless you are willing to relocate to Asia). Further, while layoffs are slowing a big pharma companies, the number of scientists losing their jobs at biotechnology companies because of insufficient capital or merger and acquisition activities remains steady and will likely increase if Sanofi-Aventis purchases Genzyme and other biotechnology companies are purchased. For example, Pfizer announced today that it was purchasing FoldRx for an undisclosed amount. FoldRx’s pipeline contains preclinical and clinical candidates for investigational new drugs that treat diseases caused by protein misfolding. The acquisition is consistent with Pfizer’s intention to move into the orphan drug market.

From an historical perspective, the early 2000s was the golden age for life sciences employees in most Western countries. Unfortunately, the golden age has ended for Western employees and it appears that a new era for pharmaceutical and biotechnology employees is beginning in the Asia, South America and Africa!

Until next time...

Good Luck and Good Job Hunting

 

Navigating a Difficult Job Market

We are now three years into one of the worst economic downturns in the history of the US. While the job market will eventually recover, don’t expect things to be the “way they were” before the recession. In other words, the job market has undergone a paradigm shift and new job seeking rules have replaced the old ones.

To that end, I recently found an article written by Liz Wogemuth of US News and World report entitled “5 Strategies for Surviving the ‘New Normal’ Job Market.” The post is well crafted and offer fresh insights into the new rules and behaviors that ought to help guide job seekers for the foreseeable future.

They are: 

1.  Be patient

These days, companies are slower to invest and slower to hire. Even rockstar employees will have to work harder to convince companies to bankroll ambitious projects. "For those people who do have the big idea, [return on investment] is going to be absolutely critical," says Brad Karsh, president of JB Training Solutions, a management and business skills training firm. Given their extreme uncertainty about the near future, companies will likely be more amenable to making an investment that pays off in seven months than one that pays off in seven years.

Most companies are also no longer doling out annual raises or annual promotions, which mean workers, need to be patient about advancement in earnings and position. One thing that's slowing down the process: Upper executives aren't moving around as much as they used to. "It used to be you'd lose 25 percent of your [vice presidents] every year, let's say, because they'd go to other companies or start their own," Karsh says. "Well, more people are like, 'I don't want to leave.'" Even top employees are turning down offers from outside companies because they fear taking a risk on a new employer in such an uncertain economy, Karsh says.

Workers who are on the market should be prepared for a longer interview process. Companies are increasingly asking candidates to interview with multiple people at the company and asking them to return for multiple rounds of interviews. "One thing I tell people is, 'don’t take this personally,'" Karsh says. "It's just a function of the economy." Even though the process can be grueling and frustrating, it's critical that job seekers stay fresh and enthusiastic--still smiling and prepared with questions at the eighth interview. Some may be frustrated with companies that can't make a decision, perhaps feeling that the company is giving them the runaround. Employers need to be forthright with candidates about their plans, capabilities, and timetable, Karsh says.

2.  In your job search, take the time to tailor

Some job seekers are applying to hundreds of jobs, but if inundated hiring managers can't easily spot the relevance of your experience to the position they're filling, they'll breeze right past. Career expert Ellen Gordon Reeves often speaks to groups of job seekers and says she is still finding that many people are not presenting themselves well--making no effort to tailor their resumes and cover letters to the jobs they are applying to. "Everybody fears rejection, so they don't really pitch themselves," Reeves says. Her advice: Put yourself in the hiring manager's shoes. Imagine what you would think of your resume if you were hiring for this position. Would the job experience listed look relevant to you? If not, spend some time recasting your work history and your skills. "Write for the job you want, not the jobs you've had," Reeves says. If you're doing this well, with your resume and cover letter, it should take at least a day (if not more) to apply for a single position. But it's so much more effective than blindly submitting your resume that it's worth the time it takes.

3.  Leverage your relationships to find openings 

Unfortunately, many job openings are impossible to find with your computer. Companies are skipping posting openings online so they can fill positions without scavenging through the onslaught of (often ill-matched) resumes. A new survey from ExecuNet found that companies and executive search firms are posting fewer executive position openings online this year. Firms said that only 22 percent of positions paying $200,000 or more are being posted on job boards or websites, compared with 30 percent in 2008 and 24 percent last year. In a different survey of recruiters, 92 percent reported that they believe in a "hidden market" for executive positions. Recruiters are relying more on their networks, as well as searching internal databases and doing their own research.

4.  Look to add value constantly 

As an employee, whether you're bringing in new money or you're saving money, you need to be adding value monetarily, Karsh says. "If you work in sales and you can say, 'I increased my client list by 25 percent, I increased my sales by 50 percent,' that's the sort of thing that employers are looking for right now--anything that can affect the bottom line," Karsh says. "If you're not in sales, you can affect it by saving the company money." Find savings opportunities by refining a process, or even suggesting a cheaper way to, say, buy or use office supplies. One tip: Put your suggestions in an E-mail so you are sure to get credit for them. 

5.  Find fresh advice 

There are a lot of people in the world offering career advice better suited for the job market of the previous decade. In this markedly different economy, old advice may very well cause damage. Sometimes the changes are minor, but they can make you look out of touch. For example, adding the line "References available upon request" can make your resume or cover letter look out of date. "It goes without saying that your references are available upon request," says management consultant and U.S. News contributor Alison Green. "It would be really odd if they were not."

Until next time....

Good Luck and Good Job Hunting!!!!

 

BioJobs: So You Think You Want to Be a Regulatory Affairs Professional?

Regulatory affairs professionals (RAP) are by far some of the most important employees at pharmaceutical, biotechnology and medical devices companies. Without RAPs, the requisite regulatory documents would not be filed and new drugs and devices would not be approved for marketing and sale.

Unlike other life sciences disciplines, a career in regulatory affairs is highly industry- specific and rarely taught at most academic institutions. In other words, if you are considering a career in regulatory affairs, don’t expect to get the training that you need in a PhD or postdoctoral training program; you will have to get it elsewhere!

A recent report compiled by the Regulatory Affairs Professionals Society (RAPS) entitled the “2010 Scope of Practice & Compensation Report for the Regulatory Profession” highlights the growing value and importance of regulatory affairs personnel in the life science industry. The report was compiled from the results of a survey of over 3000 regulatory affairs employees in 55 different countries.

The results show regulatory professionals are taking on a wider range of responsibilities, including becoming increasingly involved in critical business functions. Despite the economic downturn since the previous survey in 2008, overall compensation continued on an upward trend, although it grew at a slightly slower pace. The report also points to the continuing globalization of the profession, increased involvement with multiple product types and 6% higher compensation for professionals with Regulatory Affairs Certification (RAC).

Other important findings included in RAPS’ report include:

  • US respondents with the RAC credential reported average total compensation that was 6% higher than their peers without the RAC. Forty-four percent of all survey respondents are RAC certified.
  • The percentage of RACs is especially high in Canada (54%) and the US (47.2%). A little more than 21% of European-based respondents reported having the RAC.
  • Overall, about 34% of respondents said they were involved in comparative effectiveness research and reimbursement, up from 23% in 2008.
  • Half of all senior-level respondents reported being involved in government affairs.
  • About 70% of respondents said their work is either global in nature or focused on multiple regions of the world.
  • More than 68% reported involvement with multiple product types, a 6.3% increase from 2008.
  • Overall, just 5.7% reported working with biosimilars, a product category that was added to the survey for the first time, but 22% of respondents from Asia and Latin America reported involvement with biosimilars.
  • Nearly all respondents have a university degree; many have advanced degrees. The percentage of respondents whose highest degree earned is a master’s is up to 37.5%, a 17.2% increase from 2008. The percentage of respondents with MBAs and postgraduate certificates also increased.
  • Respondents reported significant professional experience outside regulatory, an indication that many have transitioned into regulatory from another, related field. Most have educational backgrounds in life sciences, clinical sciences or engineering.

If this sounds like a career option for you, I highly recommend that you visit the RAPS website. If you already have a PhD, masters’ degree or even a bachelor’s degree, getting RAC certification will certainly increase the likelihood of landing a regulatory affairs job in the life sciences industry. One caveat: the RAPS courses are not inexpensive and may require a substantial amount of time in order to pass the RAC examination.

If the RAC route doesn’t seem realistic or reasonable, try getting an entry-level job with the US Food and Drug Administration. Being an ex-agency employee will guarantee employment in the life sciences industry until you retire!

Until next time....

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

 

Alternate Careers: Continuing Medical Education (CME) Writing

Unlike PhD-trained scientists, physicians and other healthcare professionals must be licensed to practice medicine and are annually required to participate in continuing medical education courses (CME), seminars and lectures. CME training is required by medical licensing agencies to insure that healthcare practitioners are update to date with the latest clinical practices and informed about medical development within their respective fields. 

While all medical licensing agents require CME training, they do not fund or provide any of the content or learning materials required to implement that training. Historically, pharmaceutical, biotechnology and medical devices/diagnostic companies have underwritten the development for most CME courseware. Critics of this practice suggest that this represents clear conflict of interest concerns. And, in recent years, regulatory authorities like the US Food and Drug Administration, the American Medical Association and others have begun to agree with these suppositions. Consequently, the regulations that guide CME writing have drastically changed in recent years causing confusion among CME training providers and writers.

Despite growing concerns about the regulatory aspects of CME, there is still a high demand for persons who develop and write CME materials. While CME training is primarily geared towards physicians and other healthcare professionals, most of the content and training materials are prepared by PhD-trained scientists. Although a PhD in the life sciences is not an absolute requirement, many CME providers are beginning to hire persons with advanced degrees as developers and writers. Unfortunately, becoming a CME writing professional is not as easy as it sounds and requires some additional training beyond the PhD to break into the field. 

To that end, I recently became aware of a company called InQuill Medical Communications that offers training to life scientists interested in pursuing careers in CME writing. In addition to their courseware, InQuill offers a paid internship program to selected program graduate. The company is run by Johanna Lackner Marx who has over 15 years of experience in medical writing and developing and writing CME materials.

For more information about their training programs and some free information about careers in CME, please click here.

In the spirit of full disclosure, BioJobBlog is affiliated with InQuill. However, despite my over ten years of experience as a medical and science writer, I have had limited success in landing CME writing gigs because of my lack of formal writing and regulatory training in this area. That said those of you who may be interested in pursuing a career as a CME writer may benefit from the InQuill program!

Until next time...

Good Luck and Good Job Hunting!!!!!

 

Biotechnology and Related Health Sciences Jobs Rank Highest for College Graduates in 2010

A recent study conducted by University of California San Diego Extension ranks careers in the health and life sciences fields at the top for recent college graduates. Sandy Bloom of GreatDegree.com recently wrote an article (see below) that provides insights and tips on how recent college graduate may be able to “snag” one of these up and coming hot jobs!

Hot Careers for College Graduates in 2010

By Sandy Bloom

For college graduates, landing a first job can be daunting, especially in hard economic times. But a recent report released by UC San Diego Extension, “Hot Careers for College Graduates in 2010,” shows that for certain career paths, finding a job may be easier than you think.

Nearly half of the top careers listed in the study stem from the health and bio fields, including the areas of health information technology and health law.

After earning a health degree or online biology degree, you can soon be working in one of these hot jobs, too.  Here’s how:

Health Information Technology

The report ranks careers in health information technology at the top because physicians and hospitals must update their medical records systems to be completely electronic in the coming years. Health information technicians are responsible for organizing these medical records, ensuring the records are accurate and complete, and updating the patients’ files electronically. According to the Department of Labor, employment of medical records and health information technicians is expected to increase by 20 percent over the next eight years.

Those looking to work in this high-demand profession should earn an associate’s degree with coursework in health information. Most employers prefer hiring credentialed medical record and health information technicians who have passed a credentialing exam. Experienced medical records and health information technicians advance their careers by earning bachelor’s or master’s degrees in biology, math, chemistry, health, and computer science.

Clinical Trials Design and Management For Oncology

The second ranked “hottest” career is clinical trial managers, specifically for cancer drugs. According to the report, “as the population ages, diseases are becoming more prevalent” and cures for those diseases are in demand. Clinical trial managers must oversee researchers who dedicate years to researching and testing before getting experimental drugs approved and brought to the market.

To become a clinical trial manager, you should earn a bachelor’s degree in chemistry, biology, or another life science. Then, receive a post-baccalaureate certificate to be certified by the Academy of Clinical Research Professions. Those working toward this in-demand career should partake in observation study courses or internships to observe a clinical trial in progress. Lastly, sign up to take online computer science courses to become familiar with Clinical Trial Management Systems.

Geriatric Health Care

According to last census in 2000, some 14 million seniors ages 65 and older report some level of disability that needs extra care. That means there is a huge demand for elder care professionals such as nurses, doctors, and nursing care professionals specializing in geriatric health care. In addition, because of the increasing incidence of mental illness among the aging, there is also a high demand for psychology professionals trained to treat older patients.

Training to be a nurse, a doctor, or psychiatrist or psychologist requires a bachelor’s degree in science as well as completion of board exams and residencies.

Occupational Health and Safety

Occupational Health and Safety Specialists (OHSS) analyze work environments to prevent injury by studying trends or patterns of injury and illness. They then suggest policy changes and develop and implement programs to improve conditions or practices that are dangerous. Environmental health and safety officers, ergonomists, health physicists, and industrial hygienists all perform this type of work.

To become an occupational health and safety specialist, you should earn a bachelor’s degree in a science or engineering discipline or a Master’s degree in science or in public health. All specialists must be trained on the law and inspection procedures through classroom and on-the-job training.

Other careers to consider include synthetic biology, regenerative medicine, stem cell research and medical devices including molecular diagnostics.

Hat tip to GreatDegree.com

Until next time...

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

 

After a Lull, Pharma Job Cuts Rise Again

According to a post today on the Pharmalot Blog,

“After what appeared to be a slowdown in layoffs taking place in the pharmaceutical industry, job cuts are accelerating again, according to the latest monthly tally from Challenger, Gray & Christmas. There were 2,023 jobs lost in pharma in July, a notable uptick from the 830 lost in June. Overall, the industry has shed 37,010 jobs this year. “

While I think the massive layoffs that occurred in past three years are unlikely in the future, pharma companies will continue to downsize as patent expiry of blockbusters continue and M&A activity in the biotechnology sector rises.

Until next time,

Good Luck and Good Job Hunting!!!

 

Looking for a Job? Go East Young Man/Woman

Unemployment in the US is still hovering around 10% and in some parts of Europe like Spain it is closer to 20%. In marked contrast, the unemployment rates in Australia (5.1%) Hong Kong (4.5%) and Singapore (2.2%) are much lower. With the exception of Japan, Asian economies have rebounded more quickly from the global recession than those in the West.

According to an article in today’s New York Times there is a growing trend among Westerners to consider relocating to Asia and other eastern destinations to seek gainful employment. This is because many companies in places like South Korea, China, India and places in Asia are enjoying rapid expansion and hiring again. 

Asian recruiting firms estimate that the numbers of job applications and resumes arriving from the US and Europe has risen 20 to 30 percent since 2008. The two destinations experiencing the greatest increases in job applications include Hong Kong and Singapore. This is not surprising because both places are more westernized than other parts of Asia. Indeed, the percentage of Hong Kong companies in June that planned on hiring new workers was at the highest level since 1988. Similarly, two-thirds of Chinese companies in Hong Kong and the mainland queried last May said that they planned on adding new employees in the third quarter this year. In Singapore, 57 percent of companies plan on hiring; the highest rate since 2001.

 Most of the hiring is taking place in the legal and financial services sectors but there are indications that hiring is beginning in sales and marketing, luxury goods, hospitality and other businesses. Also, it is becoming increasingly apparent that many opportunities exist in the life sciences industry including scientists as well as marketing and sales representatives.

While hiring Westerners in Asia is on the rise, the actual number of new hires is relatively small. This is because would-be Asian employers mainly hire Westerners who have previous track records in the region and who bring languages skills and local contacts to the job. However, if unemployment rates among pharmaceutical employees remain high in the West; don’t be surprised if many of your lab mates and colleagues begin to look to the East for gainful employment.

In the past, I have jokingly ended posts about unemployment in the US life sciences industry with quips about looking for jobs in China, India and elsewhere. Unfortunately, this has now become a viable option for scientists and other bioprofessional seeking employment in the life sciences industry.

Until next time...

Good Luck and Good Job Hunting!!!!!!! (Now really check out Asia!)

 

A New Job Search Tool is Added at BioJobBlog

Some of you may have noticed that a new tab entitled “BioCareers” has been added to the BioJobBlog navigation bar.  If you click on the tab you will be taken to the BioCareers a new  job board and search engine agent created by Career Management Source and BioCrowd

BioCareers offers real time job listings, application tracking, and e-mail job alerts. Employers can post jobs, advertise jobs, search resume databases and have jobs listed on other jobs like Job Job-Job Health and Twitter jobs. 

The search engine that powers BioCareers automatically pulls life sciences jobs in real time and updates job searches when positions are filled or new ones become available. Candidates can search for jobs by location or job title. One of the nicer features of BioCareers is candidate e-mail alerts that are automatically generated when new jobs are posted or added in real time by the search engine.

To check out BioCareers click on the BioCareers tab or here.  We are in beta right now; so let me know what you think!

Until next time...

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

 

Job Cuts Slow But Continue at Pharma and Biotech Companies

There are signs that the economy is improving and that unemployment levels have dropped from a high of 10.1 % to current levels which are hovering around 9.5 %. While this is good news, job cuts continue at many pharmaceutical and biotechnology companies as drug candidates fail in clinical trials and technological advances make certain employees dispensable.

Yesterday, Johnson and Johnson announced that it would layoff 300 of 400 employees who work at the Fort Washington, PA plant that was responsible for the recent Tylenol brouhaha and recall. According to a post on the Pharmalot blog:

”The employees are being let go because it is not clear when the plant will operate again. A J&J spokeswoman says the “best estimate” is the middle of 2011. It isn’t clear at this point whether or not any McNeil executives who oversaw operations at the troubled facility will also be shown the door."

In other news, Adolor, a Pennsylvania-based specialty drug maker, announced yesterday that it was laying off 30 workers or 30 per cent of its workforce to preserve capital and advance its opioid bowel dysfunction clinical development program through proof-of-concept studies in 2011. Also on Friday, the company stated in a press release that two new drug candidates it was developing with Pfizer to treat pain caused by osteoarthritis did not work better than a placebo in a Phase II clinical trial involving 400 patients. The company has one drug on the market, Entereg, a treatment that helps restore bowel function in adults who have undergone bowel re-section surgery. Earlier in the week, GlaxoSmithKline, which co-developed Entereg, scaled back its relationship with Adolor.

Finally, Eli Lilly & Co told its employees that it plans to cut 340 information technology jobs in 2010. Most of the cuts will take place in Indiana (Lilly’s corporate headquarters is in Indianapolis). The company has 1,350 information technology employees nationally. Earlier this year, Lilly has said it will eliminate 5,500 jobs by the end of 2011 to save $1 billion.

Until next time...

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

 

The Job Search:Things to Consider When Negotiating a Job Offer

Whenever I do resume critiquing at scientific meetings, someone always asks about how to negotiate a job offer.  Most of the people that ask the question aren't even close to receiving a job offer and I do my best to deflect the question.  However, at a recent meeting, I spent 30 minutes with a PhD student who had received an offer advising him on how to get a better deal from his prospective new employer.  This got me thinking and I invited Joe Tringali, a veteran recruiter with lots of negotiating experience to write a blog post about strategies and things to consider when negotiating a job offer.

The "Dos" and "Don'ts" of Negotiating a Job Offer

by Joe Tringali

Invariably, the topic of salary negotiations in the interview process makes its way to the surface and, as a seasoned professional recruiter, I have a few thoughts that I would like to share with jobseekers.  During the course of my almost 30 year career, I have work as a traditional “headhunter” and also as on onsite contract recruiter for pharmaceutical and biotechnology companies, shifting gears and mindset as warranted by the particular client and the task at hand. In other words, I have been on both sides of the negotiating table either on behalf of a job candidate or a client company.

Fundamentally, job seekers need to understand the “economics” surrounding their search; who—the candidate or employer—has the most leverage in the relationship? Is there more demand than there is supply for a candidate with a specific set of skills or is there an excess of talent allowing an employer to choose the absolute best candidate for job. That said, consider the following:

A candidate who has received an offer can always try to negotiate to see how far they can push  the employer. As a rule of thumb, the initial offer that is proffered is usually not the best offer and if you aren’t satisfied with it, try and negotiate for a better deal.  If you ask and you don’t get what you want, the initial offer will likely still stand but you won’t have any regrets or say to yourself “I should have asked” if you eventually accept the offer. On the other hand, if the offer IS negotiable, it’s most likely only negotiable within a finite range. To that end, you must “come to the table” knowing your worth and what the compensation and benefits standards are for comparable positions in the industry. Rest assured that the prospective employer is at least as prepared as you are (usually more so) when it comes to negotiating offers. After all, most companies have dedicated compensation departments that spend a good portion of their workweek establishing fair compensation ranges. This doesn’t mean that you shouldn’t ask and attempt to negotiate, but simply that you must temper your expectations and not “expect the world.” Typically, employers are limited with what is negotiable in an offer. Things that are typically not negotiable are base salaries and healthcare and financial benefits. Other things like vacation time, sign on bonuses, relocation costs etc are. The reasons why base salary and benefits are not negotiable are because companies try to maintain internal equity among its employees.

When to negotiate? The obvious answer is to negotiate from a position of strength—when a formal offer has been extended (but never before). The offer signals that a company “wants you” and the candidate ought to consider the offer as it stands. Assuming the offer is fair (and the candidate SHOULD know his/her worth as part of the search process), accept it and move on with your career. Should you feel it isn’t quite up to par based on your understanding of your skills and marketplace demand, you might consider a conversation that sounds something like the following:

“I’m thrilled to receive the offer and am trying to find a way to make this work for both parties. My understanding of the market ( from online research, university career services, friends with similar experience, in similar roles, in similar geography,  is that an offer of 2k more might be more in line. IF there is any way you can bump the offer up by 2K, I will accept it and start on XXX date”

In other words, you are offering something back (acceptance/start date) in exchange for a possibly bump in the offer (most companies want you to start sooner rather than later). The worst case is that the employer comes back and says they cannot do any more with regard to compensation. Depending upon your assessment of the situation, you might then try to negotiate additional vacation days or an increase in relocation costs to offset the $2K that you need to feel comfortable to accept the offer. If the answer is still no, the original offer stands until you either accept or reject it—the decision is yours. Generally speaking, most offers are fair and in the range you might expect given your background and years of experience in the industry. But, only you can determine whether or not an offer is right for you. Ultimately, that decision ought to be based on compensation requirements, job responsibilities, geography, and whether or not an offer will meet your needs at this particular time in your life.

Until next time...

Good Luck and Good Job Hunting!!!!!

Joe Tringali is a Principal with Tringali & Associates, Inc., a recruitment consulting practice based in Manchester, New Hampshire. He has over 30 years of progressive experience in the field of Human Resources and is particularly well-qualified in the design and implementation of creative staffing programs and executive search practices within the Life Sciences. Some his clients include Pfizer, Eisai Pharmaceuticals, Millennium Pharmaceuticals, Biogen Idec, Genzyme , TKT/Shire , Harvard University and Infinity Pharmaceuticals.

 

The Job Search:Ten Tips for the Interview Follow-Up

I came across this excellent article written by Carol Martin a professional career coach.  The tips that she provides are useful and have stood the test of time!  So read and learn!!!!

Not getting a follow-up call when promised is a very common occurrence. Candidates are sometimes sure that they aced the interview and are perfect for the position, in fact they are anticipating a call and an offer. But instead they get "nothing." No offer; no call. They never hear from the company. This is not only frustrating, but reflects poorly on the company. In fact it is rude. What can you do about this situation? Here are some tips on how to handle the follow up that may save you from some anxiety.

1. Try to find out about the decision-process before you leave the interview. Ask when you could expect to hear back. Take that date and then add a few days before you start to worry.

2. Always send a follow up addressing any concerns you may have picked up or any thoughts you had about the position since the interview. Think of this as one more chance to put yourself in front of them.

3. After you have waited for a reasonable period beyond the date they stated, call and inquire as to the status of the position and whether you are still in the running.

4. As a general rule, don't call on Mondays - bad day to market anything. 5. If you leave a message inquiring about the status of the job, and no one calls you back after a couple of attempts - move on and forget about it. Don't call back more than a couple of times. There is a fine line between being persistent and being a pest. 6. If you are told you are no longer under consideration, try asking for feedback (most of the time they won't give you any, but still worth a try). Ask if there is any additional information that you can supply that will convince them that you are the right person for the job.

7. Don't rely on one job interview. No matter what was said in the interview – continue your search. There have been too many bad examples of those who thought they were a shoe-in - only to get a reject letter.

8. Don't take it personally! There are about a thousand reasons that could have affected your chances.

9. Accept the fact that not all companies are right for you. Just like blind dates - they are checking you out and you are checking them out. Sometimes it's chemistry – and sometimes it wasn't right for you – for whatever reason.

10.Try not to get discouraged by the rejects. It's a numbers game and your turn will come if you hang in there.

Copyright (c) 2007 Carole Martin, The Interview Coach

Until Next Time….

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

 

The Job Search: Appropriate Interviewing Behavior

Congratulations! The resume that you spent many hours carefully crafting has resulted in a face-to-face interview at a Company that you are extremely interested in. After the adrenalin rush has worn off, you think “OMG, I have to put together a seminar, make travel arrangements and buy new clothes and shoes (well only if you are a woman)”. Although you may think that the hard part of your job search is over; think again….the fun is just beginning.

The fact that you been invited to a face-to-face interview means that you likely possess the knowledge and technical skills required to performed the job that was advertised. The true intent of a face-to-face interview is to determine whether a job candidate has the personality and so called “soft skills” to easily fit in with a company’s corporate culture. Corporate cultures and soft skill expectations vary widely from company to company. That said, it is important to remember that certain types of behavior are expected of ALL job candidates during a face-to-face interview. I discuss a few of these expected behaviors below.

First, regardless of the state of affairs in your personal or professional life, you must always be upbeat and positive. Every person you meet should be greeted with a smile and a comment that goes something like “It is a pleasure to meet you”. Nobody wants to talk with (or possibly work with) a chronically unhappy or negative person. True, there ought to be diversity in the workplace (unhappy people have rights too) but when it comes to a positive attitude it is a requirement in the corporate world. Second, always make eye contact with your interviewers. We are social creatures and not making eye contact may signal to the interviewer that you are either anti-social or lack basic interpersonal communication skills. Further, never interrupt an interviewer when they are asking you a question. Yes, everyone gets excited and wants to show the interviewer how smart they are, but cutting a person off in mid-sentence is not polite nor is it ever appreciated by the person who is talking. Always answer questions directly and honestly. Never exaggerate or stretch the truth (as appealing as it may seem in the moment)….it will likely come back to haunt you in future. Also, do not offer the interviewer more information than is necessary. For example, an interviewer may say “I see that you did your postdoctoral work with Dr. Doolittle at MIT”. An appropriate response to this statement could be something like “Yes, he/she was my supervisor during my 8 years in the lab. An inappropriate response may go something like “Yes I worked with Dr. Doolittle for 8 years and, I have to tell you, it was the worst 8 years of my life because Dr. Doolittle is nuts”. Although Dr Doolittle may actually be nuts, you do not know what the interviewer’s opinion of Dr. Doolittle is and, for all you know, they could be best friends. Which leads me to my next recommendation– never play the name game. What I mean by the name game is illustrated in the following example. An interviewer asks you, “BTW, did you ever work with Dr. Spock while you were working for Dr. Doolittle at MIT?” If you did in fact work with Dr. Spock, an appropriate response may be “Yes, I worked with Dr. Spock on several occasions.” It is never a good idea to share your actual experiences or true feelings (positive or negative) about a person with the interviewer. This is because you do not know what the relationship is between the interviewer and the person whose name was mentioned. In the example with Dr. Spock, it may be that Dr. Spock slept with the interviewer’s spouse (stranger things have happened) a few years ago and saying anything remotely positive about Dr. Spock, in this instance, is highly unlikely to garner you a job offer.

Frequently, candidates either go out to lunch or dinner with company employees who are hosting the interviewing visit. Just because you are no longer talking with these folks onsite, don’t think that you can relax, kick off your shoes and let your hair down. Contrary to popular belief, you are still being carefully scrutinized and evaluated for your social skills and how you might represent the company (if hired) in social situations. That said, follow the lead of your host(s). If he/she orders an alcoholic beverage, then it is perfectly acceptable for you to also order a drink. However, if you tend to “loosen up” after a few drinks (remember; loss lips sink ships) it may be wise to limit or not drink alcohol during the meal. Finally, and surprisingly perhaps most importantly, remember to turn off all electronic devices before you step in the building to begin your interview. In fact, you may want to leave your cell phone in your rental car or briefcase (turned off ) for the entire interview. A ringing cell phone during an interview is a definite “job killer”.

Until next time…..

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

 

The Job Search: How to Prepare for a Face-to-Face Job Interview

Under ideal circumstances, job interviews can be very stressful and emotionally draining. After all, how you perform on a job interview will likely determine whether or not you get an offer for a position. Unfortunately, unless you are an experienced jobseeker, who has has participated in many job interviews, you will likely be taken by surprise at your next one.  To that end, the following tips, when adhered to, will likely help to reduce your stress level at your next job interview and possibly increase your chances of getting a job offer.

  • Allow yourself an ample amount of time to arrive on time at your interview; if, for some reason, you are running late (never a good thing) call ahead ASAP and let your host know that an "emergency" or "traffic problem" is responsible for your tardiness. In general, it is a good idea to arrive at an interview 10-15 min early or right on time. Arriving early allows you to relax, assess the interview space and collect your thoughts before the interview begins.
  • Bring extra copies of your resume with you. In my experience, most of the people who you meet will not have read or misplaced your CV. By bringing extra copies with you, your prospective employer is likely to think that you are organized, thoughtful and reliable.
  • Regardless of what is happening in your life, it is always a good idea to be personable, upbeat and “positive” on a job interview.  I recommend that you greet everyone (no matter what their standing is with the organization) with a smile and a comment that goes something like “It’s a pleasure to meet you”.  Nobody wants to talk (or possibly work with) a disgruntled or unhappy person.
  • Always make eye contact when talking with anyone. We are, by nature, social creatures and a lack of eye contact (or an inability to look directly at a person during a conversation) may cause the interviewer to think that you may lack the requisite interpersonal communication skills necessary for the job.
  • Don’t offer an interviewer more information than is necessary. Direct and concise answers are appropriate. Also, these types of responses show the interviewer that you can think quickly, clearly and decisively.  Don’t waste an interviewer’s time with rambling, unfocused answers or stories that are not relevant to the question that was asked. They are busy people and have other things that must be accomplished in additional to interviewing you.
  •  Answer all questions as honestly and forthrightly as possible.  If you don’t know the answer to a question, don’t hmmm and haw simply say so!  However, I recommend that you soften the “I don't know response” with verbiage that resembles: “Pause ….hmmm.....That is a very good question …..Pause....I don't know the answer to that one!  Or you can say: Gee I don't know the answer but perhaps you can give me your ideas on the topic?” Also, by pausing, you may sometimes be able to come up with an answer that originally eluded your when the question was first asked.
  • Never interrupt an interviewer when he/she is talking or in the middle of a thought. When appropriate, always allow the interviewer to control the flow and pace of the conversation. This signal to the interviewer that you can act professionally, are a team player and can be easily managed or supervised if you decide to join the organization.
  • When eating lunch or dinner with prospective co-workers always act professionally and don't "let it all hang out."  This isn't meant as a time for you to kick back and "level" with the guys and gals. This is a chance for current employees to assess your social skills and offer them  a glimpse of how you may represent the organization if hired. Everything you say or do will ultimately be reported or  find its way to the person who will be your immediate supervisor. Remember; although you are in a social setting, you are still being scrutinized for your professionalism. So, always act responsibly and professionally when dining with prospective co-workers or managers.
  •  Never drink alcoholic beverages at lunch (even if your host(s) does) and only at dinner when your host(s) orders a drink first. Also, if you cannot “hold your liquor”, I highly recommend that you don’t drink alcoholic beverages at any during your interview.
  •  Ask questions about the company when appropriate. Prospective employers love when job candidates ask questions about the company or their roles in the organization. This shows prospective employers that you have done your homework and are interested in possibly joining the company. Also, it gives you an opportunity to assess a company’s culture and whether or not you will be able to fit in if you decide to join the organization.
  • TURN OFF ALL CELL PHONES, PAGERS, BLACKBERRY DEVICES and iPHONES when the interview begins and leave them off.  Nobody likes being interrupted during a conversation by a ringing cell phone, blackberry, or pager. If you are so important that you need to be electronically-connected at all times, then you probably don’t need the job that you are interviewing for!
  •  Never say anything derogatory or pejorative about anyone when interviewing. In case you haven’t noticed, the scientific community is a small one and chances are that one or more of people you meet will know some of the same people that you do!  Everyone loves to gossip so be careful about what you say and how you say it!
  • Interview to win! Receiving one or more job offers likely indicates that you are qualified for a job and your interviewing skills are good. Multiple interviews without offers signal that something may be wrong with your interviewing skills or technique. If this is the case, I urge you to seek a career coach who specializes in mock interview training.

Like everything else in life, practice makes perfect. That said, the more job interviews that you go on, the more experienced you will become and the more job offers you will likely receive.  

Until next time….

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

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The Job Search: Tips for a Successful Phone Interview

Life sciences employers ranging from academic institution to private sector companies are increasingly turning to telephone interviews as an initial means to screen prospective job candidates. While in many instances these interviews are perfunctory, they are conducted for two main reasons. First, the employer wants to verify that the information presented by the candidate in his/her curriculum vitae is correct and accurate. Second, and perhaps more importantly, to determine whether or not a candidate has sufficient oral communications skills that warrant the cost necessary to bring a candidate in for a face-to-face on site interview. 

The use of telephone interviews has become increasingly popular because of the escalating costs associated with bringing candidates in for onsite interviews and a growing number of foreign born applicants applying for life sciences jobs. Put simply, a prospective employer can easily determine an applicant’s command of the English language and his/her immigration status in a telephone interview. Both immigration status (permanent resident or citizenship) and outstanding command of the English language have become of paramount importance to most life sciences employers over the past five years or so. However, it is important to note, that individual employers place different emphasis on the qualifications and skills of applicants for different job opportunities within an organization.

Like it or not, you may find yourself in the position of having to participate in a telephone interview before a decision is made on whether or not you may be invited to visit for an onsite interview. To that end, Pete Kistler, CEO of Brand-Yourself.com, recently posted a great piece that describes how to best prepare for a phone interview. He offers seven easy-to-follow tips that are likely to increase the probability of a visit for an onsite interview.

1. Use a landline. You don’t want to risk having problems with cell phone service. It is irritating for employers to conduct interviews if the call breaks up frequently or is dropped completely. If you don’t have a land line at home, just make sure you are in an area with as much cell phone service as possible. Do what you can so the process runs as smooth as possible.

2. Keep your materials handy. In fact, lay everything out in front of you. This includes your resume, notes about your career objective (even if it isn’t included in your original cover letter it’s a good idea to have this out depending on the questions he will ask you), a pen and pad of paper for note-taking and anything else you think may be helpful during your interview. Because you won’t have to schlep into an office, you can have anything out in front of you to aid with your success.

3. Steer clear of distractions. Find a quiet place to interview and stay there! There shouldn’t be any noise in the background to distract you or your potential employer. However, it is understandable that this can be tricky if you have young children at home who need your attention. When you set up your interview appointment, try to schedule it for as precise a time or window as possible. That way, you are able to avoid possible distractions (ex.: your phone interview is between 4 and 4:30, so no one can have company over during that time, the kids are fed and occupied or a sitter will watch them, if need be.)

4. Speak slowly and clearly. When you speak to people face-to-face, you are able to understand what they are saying more clearly because you can see their mouth move. So in a way, you are reading their lips! Neither you nor your potential employer will be able to do this over the phone of course, so speak clearly and a little bit more slowly than you would if you were talking to this person in person. If you can’t hear him, drop hints that he isn’t speaking clearly or loud enough by politely asking him to repeat himself. If this makes you uncomfortable at all you can always blame it on your phone: “I’m really sorry, it’s hard to hear you, the volume on my phone just won’t go up!”

5. Remember – you can’t be seen. That means that anything you say cannot be interpreted by your body language. Beware of jokes or sarcastic remarks that would have been harmless had he seen your facial expression. Maintain your professionalism; stay on target with the interview topics and focus on the key information about you that will get you hired.

6. No eating, drinking or chewing gum! This is self-explanatory. But, we humans are creatures of habit and might pop a potato chip in our mouths at just the wrong moment. However, when I say no eating or drinking I mean during the phone interview. You should eat beforehand to get your brain going so you can focus.

7. Prepare questions ahead of time. Just like in a personal interview, prepare a few questions to ask your potential employer at the end of your phone interview. Some examples are:

“What is the start date for the opportunity?”

“What software/equipment would I be using?”

Remember – do not ask about salary or benefits until the employer has brought it up.

Fortunately, it can be less intimidating interviewing over the phone with these telephone interview tips and you may even feel more confident that you’ll do well. Great! As long as you are fully prepared and take the necessary precautions, there is no reason why you shouldn’t have a successful phone interview.

Until next time....

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

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The Job Search: Are Business Cards Necessary?

What is the real purpose of a business card? Everyone knows that they ought to have one but do they really help to generate business or aid in a job search? According to the “experts”, a business card is an integral part of any corporate or personal marketing plan (that’s right it is okay to market yourself). Of course, you can't expect a business card to tell the whole story about you or your company. That said, the real purpose of a business card is to present a professional image or impression so that people will remember who you are after they meet you.
It goes without saying that a business card can make or break a client's first impression of you or your company. In fact, it is likely that this little card makes as much of an impression as your personal appearance, the clothes you wear or the blackberry model that you carry! With this in mind, I offer the following suggestions regarding creation of business cards for personal or corporate use.

Information On the Card

You MUST include your name, title, company name, address, phone number (or numbers, if you want to include your cell), e-mail and Web site. After all, if someone wants to contact you after receiving your card, you contact information better be on it!

Business Card Style

Choose a card style that's appropriate for your business, industry or personal style.. When crafting a design, start with the style that best supports the business image you wish to project. To help you get started, here are five different card styles for you to consider:

Basic cards. A basic card is usually printed in black ink on plain white or cream stock.This is a good style to choose when utility is all you need. It's a no-nonsense approach that can appeal to clients and prospects who would not be impressed by fancy design features-the people who want "just the facts, ma'am." The design is simple, and the information is clear and concise.

Picture cards. Having your face on your card-whether it's a photograph, a drawing or a caricature-helps a contact remember you the next time he or she sees you. Images representing a product or service, or a benefit your business provides, can help you communicate your business better than dozens of words. A splash of color (rather than just black and white) is often helpful on a picture card, too.

Tactile cards. Some cards are distinguished not so much by how they look as by how they feel. They may use nonstandard materials, such as metal or wood, or have unusual shapes, edges, folds or embossing. Tactile cards tend to be considerably more expensive than regular cards because they use nonstandard production processes such as die cuts. But for some businesses, this more unusual card may be worth the price.

Multipurpose cards. A card can do more than promote your name and business-it can also serve as a discount coupon, an appointment reminder or some other function. It may also provide valuable information that the average person may need. For example, a hotel may include a map on the back of its card for any guests who are walking around the local area. A card of any type can be made multipurpose by adding any of these types of features.

Outside-the-box cards. A wildly original, fanciful or extravagant presentation can draw extra attention. Creativity knows no bounds-except the amount of money you wish to spend. Some examples are cards made of chocolate or that folded out into a miniature box to keep small items in.

Printing the Cards

Once you've settled on a basic idea for your business card, it's time to head to the printer. There are four primary considerations when ordering business cards:

Weight. Most business cards are printed on 80-pound cover stock.

Finish. Of the three available-smooth, linen and laid-the smooth finish is the most popular.

Color. Right now, two-color cards predominate. If you're selecting from a catalog, there are between five and 15 standard colors to choose from. If you have another ink color in mind, your printer can show you a Pantone Matching System book, which includes every shade under the sun.

Quantity. It generally pays to print more cards rather than fewer, because the printer's cost is primarily in the setup.

Using Your Business Cards

After you have made all of the above mentioned decisions and identified a printer who will print the cards as cheaply as possible, your next task is to give your card to as many people as you can! A good way to promote business card usage is to leave the original box that your cards came in, in a highly visible location. Nobody likes spending money for nothing!

Until next time….

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

The Job Search: The Truth About Networking

The advent of social networking sites like Facebook, Twitter  Linked-In and MySpace (does anyone still use it?) have taken the concept of "networking" to new levels. However, is sitting in front of computer thanking people for adding them to their friend's list really what networking is suppose to be about? I think not!

Networking in its most meaningful and seminal form is about interacting with others " in real time" and in "face to face" situations. Yes, I know it takes time and energy to get from in front of that computer screen, but we humans are social creatures and for the most part (with few exceptions) we all crave real-live human contact. So what is the deal about networking and how is it really done?
One of the first things that a person who is interested in networking must do is to design and print about 500 business cards. Yes, it will take time and some cash to accomplish this, but without a business card nobody who you meet will remember you. Business cards ought to contain your name and all of your contact details and provide some basic information about you, i.e. PhD.D. , job title etc. Adding some graphics or design details are a plus if they are done tastefully and do not detract from you as a candidate.

 

The Job Search: Online Job Searches-Do They Work?

Like most scientists, the questions that I enjoy the most have simple answers. Black or white is much easier to deal with than shades of gray (although shades of gray can be titillating from a research perspective). With this in mind, the answer to my question about online job searches is a shade of gray rather than black or white. It goes without saying, that applying for jobs online is simple, facile, and extremely gratifying. On a given day, you can apply for thousands of jobs and feel like you have done something positive for your future.

However, after you come out of your computer-induced blissful state,I want you to remember that tens of thousands of people have also done the same thing that you just did! Just think of those billions of bytes of information being transmitted to all of those websites. It is a wonder that the job boards never crash from traffic overload. Do you ever wonder why you rarely hear back from employer regarding the positions that you applied for? Have you ever thought about who reviews all of the resumes and cover letters that you and your colleagues send to job board and corporate websites? Unfortunately, the answer to that question is straightforward and obvious data management/recruiting software.In other words, humans rarely look at any of the stuff that you send to their sites.

Typically, resumes are reviewed by computers and if your resume does not contain the appropriate "key words" your chances for that job are remote. Consequently, I do not recommend that you use the internet exclusively to look for that new job. Nothing beats the tried and true method of networking and hitting the pavement to meet as many people as you can who you think can help you find a job. However, there is a light at the end of the job tunnel...at least for the more mature and experienced job seekers out there.

As I like to remind my younger colleagues, "What we old guys lack in stamina we make up for with expertise"! All kidding aside, many of the jobs posted on the major job boards are placed there by professional recruiters. These recruiters are "trolling" for individuals with prior job experience (and a few gray hairs) because today's employers want job candidates with "previous industrial experience". Also, the longer you have been around, the more skills that you acquire which gives you more flexibility with regard to the different types of jobs that you can apply for.

So, in a nutshell, if you have a few years of "real life" job experience under your belt, I highly recommend that you take advantage of any online job opportunities that are consistent with your skills and areas of expertise. If you do not have any prior job experience, I recommend that you spend more time on Facebook or Twitter rather than wasting your time on Monster!

Until next time...

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

The Job Search:The Art of Resume Writing

One of the many things that I was not taught in graduate school (or as a postdoctoral fellow for that matter), was how to prepare a resume. Despite opinions to the contrary, a resume is a very important document that must be well organized and carefully crafted. This is because the first thing that every hiring manager sees when looking for new employees is a job applicant's resume. As the old adage goes, first impressions are the most important and the ones that last the longest. That said, it is typically in a job candidate's best interest to have the first impression be a good one. To that end, resume should not be prepared hastily nor should theybe crafted without a substantial amount of thought and consideration. I do not want to get into the nuts and bolts of resume writing in this post. However, every resume should contain the following information:

  • Contact information including name, phone number and e-mail address (mailing addresses are optional)
  • A summary of qualifications that concisely represents your skill sets and talent that you want a prospective employer to know about
  • Chronological listing of your professional experiences to date and an accompanying description of your accomplishments at each position
  • Education including undergraduate, graduate or certificate credentials (dates obtained are optional)
  • Awards and honors
  • Membership in any societies or relevant organizations
  • Any special skills or talents you may possess, e.g. website design, underwater basket weaving, etc.
  • Publications (abstracts and presentations are optional)
  • In general, references should not be included on a resume (if an employer asks for them, send them under separate cover or simply place them on the resume sent to that employer)

As scientists, we are trained to believe that personal achievements will be recognized and that promoting or marketing oneself is a "no-no". However, in the real world, self promotion and aggressive, shameless self marketing is what enables most individuals to get jobs and embark on successful careers. With this in mind, a well organized and carefully crafted resume is one of the most powerful marketing tools at your disposal! As we say in the recruiting biz, a resume will get you in the door......after that, it is up to you to "sell" yourself. 

Until next time...

Good Luck and Good Job Hunting

The Job Search: Transcending the Transition from Academia to the Real World

The ever-increasing competition for faculty positions is forcing many graduate students and postdocs to consider careers outside of academia with a likely eye on industrial jobs. Unfortunately, many of these would be industrial scientists lack the appropriate training and qualifications for entry-level jobs at pharmaceutical and biotechnology companies. This is because most undergraduate and graduate programs do not offer training to their students in drug development, quality systems and manufacturing. The reasons for this include: 1) lack of well informed and qualified faculty members to initiate and develop specialized curricula on these topics and 2) a belief that job training is the responsibility of prospective employers, not academic researchers. Unless substantive curricular change is made to existing academic programs, the road to employment for many students will continue to be bumpy and fraught with difficulty. 

In contrast with academic research, industrial research is highly regulated and guided by legally-enforceable rules and regulations, e.g., Current Good Laboratory Practices (cGLP), Current Good Clinical Practices (cGCP) and Current Good Manufacturing Practices (cGMP). These rules and guidelines were created by regulatory agencies like the U.S. Food and Drug Administration (FDA) to ensure the development of safe and efficacious products. In recent years, the FDA has begun to enforce these rules and regulations more strictly. As a result, many life sciences companies now require that prospective employees understand cGLP, cGCP and cGMP guidelines and how to apply them in industrial laboratory settings. Because these rules and regulations are specific to industry and relatively unknown in academia, most academically-trained job candidates fail to qualify for these industrial jobs. Finally, over the past five years, there has been a growing emphasize on the importance of so-called "soft skills" e.g., good oral written and communication skills, teamwork, professional behavior, etc. in existing and prospective employees. These skills are increasingly important as life sciences companies grow larger, more diverse, and increasingly multidisciplinary in their approach to drug discovery and development. Unfortunately, few academic programs develop these skills in a systematic way; this failure hinders the ability of students to obtain industrial jobs.

Although the transition from academia to industry can be difficult, students can do several things to improve their odds. First, take advantage of available resources in preparing your resume and learning how to interview for an industrial position. A well written, carefully crafted resume can result in an interview, and a professional interviewing style can increase the likelihood of a job offer. Working with a skilled and well-connected professional recruiter may also increase the probability of securing an industrial job.

Second, many community colleges and several companies now offer specialized training in quality systems, regulatory affairs (cGLP, cGMP and cGCP) and other areas. Finally, there is no better way to get an industrial job than to have previous industrial experience. To get industrial experience, seek out training opportunities that include an industry internship as part of the curriculum. Some biotech and pharmaceutical companies may offer volunteer opportunities,  paid internships and some still have postdoctoral positions available for qualified applicants.

Until next time...

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

Interviewing Advice from a Fortune 500 CEO

In this past Sunday’s New York Time Business section there was an interview with Robert W. Selander the CEO of Mastercard who is retiring after 14 years on the job. When queried about the type of questions and information he tries to gather during job interviews, he replied:

 “Beyond the discussion of what you (the candidate) is going to do for us I want to know two or three of your strengths and weaknesses. Then I will ask you about two or three things that you acknowledged as flat sides and how you think we should work on those, how you think we should ensure those don’t become barriers to success.”

While many of you who read BioJobBlog may not be interviewing for senior management or executive-level job, it is instructive to realize that interviewers will almost always ask you to talk about your professional strengths and weaknesses. Therefore, as I have recommended in the past, it is a good idea to think about or even write down answers to the what are your strengths and weaknesses questions. But, it is important to remember that the weaknesses that you offer up must be the type that can also easily be viewed as possible strengths!

Until next time...

Good Luck and Good Interviewing

 

BioJobBlog Teams with Career Management Source to add a Career Center to Promote Real Time Life Science Jobs

BioJobBlog and Career Management Source, a producer of online applications for streamlining job searching and hiring, have teamed to create BioCareers, a life sciences job board and career center. For job candidates, BioCareers offers real time job listings, application tracking, and e-mail job alerts. Employers can post jobs, advertise jobs, search resume databases and have jobs listed on other jobs like Job Job-Job Health and Twitter jobs. 

The search engine that powers BioCareers automatically pulls life sciences jobs in real time and updates job searches when positions are filled or new ones become available. Candidates can search for jobs by location or job title. One of the nicer features of BioCareers is candidate e-mail alerts when new jobs are posted or added in real time by the search engine.

I have been looking for a dedicated life sciences jobs search engine and career management solution for the past 10 years. I stumbled upon the Career Management Source platform quite by accident but I am glad that I did. And, the best part of the deal was that I didn’t have to do any of the work—the design, setup and implementation was completed by Career Management Source representatives.

You can test the BioCareers search engine capabilities by conducting a job search using the widget found in the BioJobBlog sidebar (look left). If you are interested in viewing and checking out the BioCareers website please click here.

For those of you, who may be interested in adding a career center to your blog or website, please visit www.JobJobHealth.com or e-mail Career Management Source or call 888-865-8914.

Until next time..

Good Luck and Good Job Searching!!!!!!!!

 

Need a Quick Business Tune Up: Stanford's Summer Institute for Entrepreneurship Can Help!

The Stanford Summer Institute for Summer Entrepreneurship was started several years ago and was “designed for currently enrolled, non-business graduate students.” According to the program’s website, “The business world is in need of young visionaries with backgrounds in humanities, science, and engineering. The Stanford Graduate School of Business Summer Institute for Entrepreneurship offers current graduate students the unique opportunity to build the analytical and practical skills critical to launching a successful business.” That’s right, all you would-be entrepreneurs who want to start your won biotech company ought to check it out!

The program has been wildly successful since its inception. The 2010 class is completely full and applications for the 2011 session will be available this September. For a program overview, check out this video

Please contact Aimee Slobin for more information. Also, you can download a program brochure by clicking here.

Until next time...

Good Luck and Good Job Hunting!!!!

 

Life Sciences Job Update: Which Ones are Hot!!!

While the layoffs at pharma and biotech companies continue, the good news is that fewer jobs are being lost in 2010 as compared with 2009. Despite the massive loss of R&D and sales and marketing jobs, many life sciences companies are beginning to hire again. In general, job opportunities at emerging growth public biotech and venture-backed start-ups appear to be growing while those at big pharma and big biotech are stagnant or shrinking. Specifically companies are looking to hire:

  1. Clinical affairs managers and executives
  2. Regulatory affairs personnel and executives
  3. Commercial and operational expertise at all levels
  4. Business development executives
  5. Chief financial officers
  6. Investor relations and corporate communications professionals
  7. CEOs (venture capital investors are beginning to part with their capital again)
  8. Board of directors candidates (especially those with specific functional expertise in clinical development, regulatory affairs or commercialization)

A quick perusal of the list indicates that most of these jobs are not traditional science-related jobs and many may require additional training and expertise; especially in business. That said, now may be a good time to re-evaluate whether or not a MBA may be in your future.

Until next time....

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

 

Biocareers: Some Advice for Would Be Entrepreneurs

More and more people are losing their corporate jobs because of the recession. The bleak job market coupled with diminishing opportunities for older, seasoned employees is forcing many to consider starting their own businesses to join the ranks of the self employed. However, before you take the leap, I highly recommend that you read Phyllis Korkki’s article in this Sunday’s New York Times entitled “Taking the Leap To Self Employment.

As a person who successfully made the leap, she offers amazing insights into what it really takes to be successful as an entrepreneur or small business owner. Most importantly, would be entrepreneurs must possess three important characteristics: motivation, drive and passion. If you lack any of the three, chances are that you are not cut out to be self employed or entrepreneurial enough to start your own company. Also, she aptly points out that one of the major drawbacks of self employment is loneliness. I cannot stress enough that this is the major complaint of most self employed persons that I know. 

While nobody wants to admit it, humans are social animals who need to interact with one another to fulfill the evolutionary need to be “social.” Luckily, the advent of social media has helped to overcome the daily loneliness experienced by many entrepreneurs and self employed persons. That said, before you make the leap, please read the article—it will help to determine whether or not self employment is right for you!

Until next time...

Good Luck and Good Job Hunting

 

Sanofi Aventis to Reduce Sales and Marketing Workforce to Cut Costs

The expanding European financial crisis is forcing drug makers to continue to explore ways in which to cut costs. Faced with budget deficits amid a global economic crisis, European countries such as Germany, France and Greece have cut or plan to cut their health-care spending. Greece last month ordered drugmakers, including France’s largest drug maker Sanofi-Aventis, to cut prices by 3 percent to 27 percent to help rescue its economy. 

Not surprisingly, Sanofi Aventis responded by announcing new job cuts and more stringent cost control measures. Yesterday, Sanofi’s Chief Financial Officer announced at an analyst meeting in Los Angeles that “We are restructuring. We are changing our marketing model. We are merging sales forces, we are reducing sales forces, having a multiproduct sales force. We will continue to do that.” Most of the job cuts and cost saving measures will come at the expense of sales and marketing personnel. The size of pharmaceutical R&D and sales and marketing workforces have been devastated over the past three years with over 200,000 employees losing their jobs.

Sanofi-Aventis Chief Executive Officer Chris Viehbacher, who joined the company in 2008, shut or sold plants and canceled the least promising research projects in a bid to trim 2 billion euros ($2.46 billion) in costs. These actions, coupled with the most recent restructuring efforts were enacted to ensure 2013 earnings are at least equal to 2008 profit. Like most other big pharma companies, Sanofi has been looking to emerging markets and consumer products for new income as competition from generic drugs hurts sales. The anti-clotting drug Plavix which is Sanofi’s largest selling drug generating over $4.0 billion annually will lose patent protection in 2011-2012. Bristol Myers Squibb, Sanofi’s marketing partner for Plavix in the US, also exceeded $4.0 billion in sales last year.

Sanofi also announced today that it acquired the assets of Montreal-based Canderm Pharma, Inc a consumer products company for $1.9 billion signaling its intention to aggressively enter the North American consumer healthcare products markets.

Until next time...

Good Luck and Good Job Hunting

 

Genzyme v. Icahn: Is Carl's Bark Worst than His Bite?

Genzyme announced yesterday that it had reached an agreement with Carl Icahn to settle their very public and bitter proxy battle. As you may recall, Icahn, who controls approximately 4.9% of shares in Genzyme, sought to replace Henri A. Termeer, Genzyme’s embattled long-time CEO and three other company directors.

Under the terms of the agreement, Icahn will withdraw his slate of four nominees for the Genzyme board of directors and vote his shares in favor of two company nominees. Also, the Genzyme board will appoint two Icahn nominees Steven Burakoff, MD and Eric Ende, MD to serve as directors immediately following the company June 16, 2010 annual shareholders meeting. Dr. Burakoff is Professor of Medicine, Hematology and Medical Oncology at the Mount Sinai School of Medicine and Director of the Tisch Cancer Institute at the Mount Sinai Medical Center. Dr. Ende, a participant in the Icahn funds’ proxy solicitation, is a former biotechnology analyst with Merrill Lynch & Co. Inc.

This isn’t the first time that Icahn has threatened a proxy fight to get his nominees elected to the board of directors at companies where he controls a small but significant amount of outstanding shares of stock.  Previously, he attempted to wrest control of the Biogen and ImClone and Enzon Pharmaceuticals board of directors. While his attempt to commandeer the Biogen board failed, he was successful at ImClone, the maker of the anti-colon cancer drug Erbitux that he sold to Eli Lilly in 2008 for ca. $6.1 billion. In Enzon’s case, the CEO resigned about six months after accommodating Icahn’s demands.

It is patently obvious that biotechnology company executives don’t want Icahn to gain control of their companies. This is because once Icahn gains control of the companies he sells them to the highest bidder. While this may make sense to a financial guy like Carl, it doesn’t sit well with company executives who understand that they will likely lose their jobs once a company is sold! 

Although Carl’s public proxy contest strategy usually gets him most of what he wants, I am not sure that it is in the best interests of company stock price and shareholder. Publicly airing a company’s dirty laundry tends to reduce shareholder confidence and may push its stock price lower than necessary. I think that it may be in a company’s best interest to quietly negotiate with Icahn behind the scenes rather than take the fight to the public. In the end, Icahn invariably wins and the management team that is under fire may look less competent or weaker than it actually is. Biogen ultimately won but Enzon and Genzyme lost the public opinion battle.

Until next time...

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

 

Tracking Pharma Job Cuts

There are rumors that companies are hiring again and that pharmaceutical jobs may begin to make a comeback over the next six months to a year. This  may be a real possibility based on a new report released yesterday the outplacement firm Challenger, Gray and Christmas, Inc.

According to the report , 51,034 pharmaceutical employees lost their jobs by the end of May 2009. In contrast, by the end of May this year, only 34,157 pharma employees received pink slips. This represents a 33% reduction in the number of people being layed off as compared with the same time period last year. 

These data can be interpreted in a couple of different ways. First, fewer pharmaceutical employees are getting layed off which means that the economy may be getting better and the job market may be improving. Second, pharma companies can no longer continue to layoff employees at 2009 rates without impacting their with day-to-day operations.

Personally, as a half-empty kind of guy, I think the later hypothesis is more likely! Only time will tell whether or not the economy has truly turned a corner and when we can expect pharma companies to begin hiring en masse again.

Hat tip to Ed at Pharmalot.

Until next time...

Good Luck and Good Job Hunting???

 

Transcending the Transition from Academia to Industry

It is becoming  increasingly difficult for undergraduate and graduate students to secure entry-level jobs at biotechnology and pharmaceutical companies. This is because these students lack the appropriate training and qualifications for entry-level jobs at pharmaceutical and biotechnology companies. Unfortunately, most undergraduate and graduate programs do not offer training to their students in drug development, quality systems and manufacturing. The is likely due to: 1) lack of well informed and qualified faculty members to initiate and develop specialized curricula on these topics and 2) a belief that job training is the responsibility of prospective employers, not academic researchers. Unless substantive curricular change is made to existing academic programs, the road to employment for many students will continue to be bumpy and fraught with difficulty.

In contrast with academic research, industrial research is highly regulated and guided by legally-enforceable rules and regulations, e.g., Current Good Laboratory Practices (cGLP), Current Good Clinical Practices (cGCP) and Current Good Manufacturing Practices (cGMP). These rules and guidelines were created by regulatory agencies like the U.S. Food and Drug Administration (FDA) to ensure the development of safe and efficacious products. In recent years, the FDA has begun to enforce these rules and regulations more strictly. As a result, many life sciences companies now require that prospective employees understand cGLP, cGCP and cGMP guidelines and how to apply them in industrial laboratory settings. Because these rules and regulations are specific to industry and relatively unknown in academia, most academically-trained job candidates fail to qualify for these industrial jobs. Finally, over the past five years, there has been a growing emphasize on the importance of so-called "soft skills" e.g., good oral written and communication skills, teamwork, professional behavior, etc. in existing and prospective employees. These skills are increasingly important as life sciences companies grow larger, more diverse, and increasingly multidisciplinary in their approach to drug discovery and development.

Unfortunately, few academic programs develop these skills in a systematic way; this failure hinders the ability of students to obtain industrial jobs. Although the transition from academia to industry can be difficult, students can do several things to improve their odds. First, take advantage of available resources in preparing your resume and learning how to interview for an industrial position. A well written, carefully crafted resume can result in an interview, and a professional interviewing style can increase the likelihood of a job offer.

Working with a skilled and well-connected professional recruiter may also increase the probability of securing an industrial job. Second, many community colleges and several companies now offer specialized training in quality systems, regulatory affairs (cGLP, cGMP and cGCP) and other areas.

Finally, there is no better way to get an industrial job than to have previous industrial experience. To get industrial experience, seek out training opportunities that include an industry internship as part of the curriculum. Some biotech and pharmaceutical companies may offer volunteer opportunities, and some have postdoctoral positions.

Until next time...

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

 

Bucking the Trend: Regeneron Pharmaceuticals to Hire 500 New Employees

While attending the Advanced Learning Institute conference “Social Media and Pharma” earlier this week I happened to sit down next to Laura Lindsay, a member of Tarrytown, NY-based Regeneron Pharmaceuticals’ corporate communications team. Not surprisingly, we struck up a conversation and I learned that unlike most pharmaceutical and biotechnology companies Regeneron is looking to hire 500 new employee over the next year or so. Yes, you heard it correctly: 500 NEW EMPLOYEES. The company currently employs about 1,200 people.

Regeneron’s hiring spree is largely based on a lucrative research relationship with its partner Sanofi-Aventis and pending positive results from three Phase III clinical trials for several drugs that the company is developing to treat colon cancer, gout and macular degeneration. Industry analysts predict that approval of any or all of the three new drugs may allow Regeneron to Its products could eventually take on Roche Holding AG's $6 billion cancer drug, Avastin, and $3 billion Lucentis eye-disease medicine. The gout drug could attract annual sales of $500 million or more, analysts estimate.

Regeneron is currently not profitable and has one of the largest research budgets (in excess of $700 million) in the biotechnology industry. The 20 year old company sells only one product called Arcalyst; which was approved to treat rare genetic conditions such as Familial Cold Auto-inflammatory Syndrome (FCAS) or Muckle-Wells Syndrome (MWS). Arcalyst annually generates about $20 million in sales. Its current market capitalization is about $2.0 billion. Interestingly, I used to occasionally hang out with one of the company’s founders while I was a postdoc at Columbia Medical School.

While I don’t exactly know what types of jobs are available at Regeneron, you can easily find out for yourselves by visiting the company’s job search center. To learn more about Regeneron please click here.

If anybody out there knows of other life sciences companies that are hiring, please send me the information and I will post it!

Hat tip to Laura for the heads up!

Until next time...

Good Luck and Good Job Hunting (maybe things are really starting to turn around)!!!!!!!!!!!!



 

Japan's Astellas to Hire 300 New Sales Reps (in China)

Astellas, Japan’s second largest pharmaceutical company, yesterday announced that it will hire at least 300 new pharma sales reps in China as part of its ambitious plan to increase its global revenue stream by 17 per cent over the next five years.

Documents released by the company indicate that it expects sales to double in China by March, 2015 emphasizing the fact that emerging markets will likely drive the future growth of the pharmaceutical industry. Astellas hopes to expand the indications for Prograf, its top selling organ transplantation medication to include rheumatoid arthritis, lupus nephritis, ulcerative colitis and myasthenia gravis.

Earlier this month, Astellas revealed that it would purchase NY-based OSI pharmaceuticals for $4.0 billion. The purchase will provide Astellas with its first approved cancer drug (OSI’s Tarceva) and allow Astellas to establish a firmer footing in the US pharmaceutical and biotechnology markets.

Total worldwide net sales of Tarceva for 2009, were approximately $1.2 billion and OSI's share of those revenues were $359 million. In the first quarter of 2010, Tarceva sales grew 10%

While hiring 300 reps in China may be good for the Chinese economy, the OSI deal will likely result in job cuts and further exacerbate the growing unemployment rate in the New York, New Jersey and Pennsylvania region.

Unlike the US, there seems to be a growing need for pharmaceutical and biotechnology R&D and sales employees in China and other parts of Asia. To that end, I hear that Beijing and Shanghai are lovely this time of year!!!!

Until next time...

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

 

What Not to Do When Using Social Media to Find a Job

There is ample anecdotal evidence to suggest that using social media tools like Twitter, LinkedIn and Facebook may help to improve your chances of landing a new job. For example, a recent article that appeared in Time Magazine recounts the story of an individual who lost and subsequently found a job in 11 days using a job search strategy based exclusively on social media. While social media tools are still evolving, social media has become part of the fabric of every day modern life. Therefore, it makes sense that social media may be useful when using it to find a job. 

In previous posts on this blog, I recommended using a variety of social media strategies when conducting a job search. However, like any other technology tools, if social media is not not used or managed correctly it may backfire and give you less than anticipated results. To that end, the folks over at Online Degree send me a post entitled “The 10 Worst Social Media Mistakes that Will Prevent You from Landing a Job.” 

Although some of the tips and ideas may be obvious to some, many jobseekers have little or no understanding of what is acceptable when conducting a social media or traditional job search. I highly recommend that you heed the advice offered here--it may very well make a difference between gainful employment and living at home with your parents or relatives!

1. Don’t Be That Guy : We all have at least one social media friend who shares him or herself too much. Things like realtors putting up each new listing, every sale a business has, or constant reminders on the same event can be as off putting to an employer as it is to a friend. If using your social media account to promote your work, be thoughtful of other people’s time. Chris Brogan has an excellent rule of one promotional update for every 15 casual ones. Check out his blog for more useful moves.

2. Use it or Lose It : Twitter and other sites are essentially a blank canvas. Don’t let them go to waste by using the same backgrounds and graphics as anyone else. Use the opportunity to showcase photos, art, events, logos, and anything else that will make you stand out. Mashable has a great guide on how and why to create a custom Twitter background. For inspiration, click here to see many successful attempts at creating memorable, yet simple backgrounds.

3. You Can Have Too Many Friends : Too many friends and followers actually can be a bad thing. While real people with real accounts are a plus, the more popular an application becomes, the more likely it is to be subject to hacking. Both Facebook and Twitter have had troubles with phishing such as Zombie and Twply. Gullibility does not make you attractive to an employer. Better to have 100 actual friends/followers, than 200 phony ones, both in social media and IRL.

4. Don’t Down the Updates : So you just got a new gadget and it rocks? Or was the sushi overpriced and stale? Did your kid just do the cutest thing? Now think about if a potential employer wants to read every detail about the above. While short, incisive updates are appreciated and even admired, they can also do the opposite. Have a look at this list to see the worst status updates and delete them before they prevent you from landing a job.

5. Sir Mix-A-Little : With social media becoming more and more popular, you likely have more than one account. While there is nothing wrong with having a Facebook, Twitter, and LinkedIn account all at once, mixing them can be a problem. In an amazingly well thought out article, Nicky Jameson discusses the pitfalls of mixing social media business and pleasure. If still unsure, check out #10 on this list.

6. Too Little of a Good Thing : Now that you have social media account and know how not to update too much, don’t go the other route. Too few updates can show lack of commitment and general spazziness. Updates that come once a month, or even once a week, can be too few. However, with loads to do and little time to do it in, updates can be challenging. Visit this link to get a guide to FeedMyTwitter. It can auto post pre-written updates on the date, category, and more of your choosing.

7. Drive a Manual : Automatic DM’s may be useful to some people when used correctly, but a misstep can hurt those looking to avoid mistakes. If a prospective employer has the courtesy to follow or friend you, thank them properly. A generic “thank you" is just as insulting as it sounds. Write one yourself, make it personal, and stand out just a little more. This site shows you how to disable Auto DM on Twitter.

8. Spelling Isn’t Just for Bees : Yes, its social media and, yes, there is a certain sense of informality. However, especially if going for a writing or editing job, any spelling or grammar mistake can prevent you from landing it. If your browser has a spell check, use it. Even if it does, don’t turn the spell check in your noggin off even if you’re writing about your favorite restaurant. This article from Scrawlbug lists eight stupid spelling mistakes that happen more often than you think.

9. Spam is for Canned Meat : If someone does check your account, an overload of spam cannot only be off-putting; it can also show that you have little technical knowledge. A potential boss can only assume that you will behave the same and subject the whole office to lottery scams and the like. To prevent from making this social media mistake that will prevent you from landing a job, learn the in’s and out’s of your account. This site is entirely devoted to stopping spam on Twitter.

10. You Got to Keep ‘Em Separated : Love your Facebook, Twitter, etc. accounts and will censor them for no one? Go for it. That’s one of the reasons why the internet invented multiple accounts. Simply use one for all of the professional stuff with your proper name, pictures, messages, and such. All the intimate stuff can appear on another account under the nickname of your choice. Visit this link to see a quick and easy way to set up two accounts on the same computer with no problem.

Hat tip to Onlinedegree.net.

Until next time...

Good Luck and Good Job Hunting on Twitter and Facebook

 

Some Advice for Life Sciences PhDs Seeking Alternate Careers

Looking back on my career, I don’t think I would have done many things differently; except one. That is, I wouldn’t have listened as much to the advice of others who I thought knew (better than me) about what I should do with the rest of my life. Don’t get wrong, it is important to listen to what others think and the advice that they offer but—at the end of the day —the career path that you choose must be something that you like or perhaps even love to do!   This sentiment was clearly and cleverly expressed in a recent interview with Steve Hannah, CEO of the hugely popular satirical magazine The Onion.

When asked by the interviewer “What is your career advice to somebody just graduating from college?” He replied:

“Find what you really love to do and then go after it — relentlessly. And don’t fret about the money. Because what you love to do is quite likely what you’re good at. And what you’re good at will likely bring you financial reward eventually.

I’ve seen too many people who have plotted a career, and often what’s at the heart of all that plotting is nothing other than a stack of dollar bills. You need to be happy in order to be good, and you need to be good in order to succeed. And when you succeed, there’s a good chance you’ll get paid.”

At the conclusion of my 'Alternate Career Paths: Taking the Path Less Traveled' seminar, I always advise participants to “follow the advice of your heart.” Interestingly, this bit of wisdom was delivered to me via a fortune cookie that I had eaten after a great meal at my local Chinese takeout place while I was working as a postdoc and living in Manhattan. 

I still have the fortune and, while I didn’t appreciate or understand it at the time, it has become the credo by which I try to live my life. As corny as the saying may be, it has served me well over the course of somewhat circuitous and often times questionable career path. And, like Steve Hannah, I have always found that when I am passionate about something, and pursue it relentlessly, good things tend to happen. 

So, for what it is worth, those of you who may be thinking about alternate career paths I say: go for it. The worst thing that may happen is that it doesn’t work out or you may fail. But, the one thing that I have come to know is that I have learned more from my failures than I ever have from my successes!

Until next time...

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

 

Pfizer to Shed 6,000 Manufacturing Jobs

After eliminating thousands of R&D and sales and marketing jobs, Pfizer announced that it will shed 6,000 manufacturing jobs. According to a post on the Pharmalot blog, Pfizer will close eight plants in Ireland, Puerto Rico and the US by the end of 2015, and also reduce operations at six other facilities in Germany, Ireland, Puerto Rico, the UK and the US.

Pfizer operates 78 plants internationally and employs about 116,000 people.

Sites to be closed include:
• Caguas, Puerto Rico (solid-dose)
• Carolina, Puerto Rico (aseptic)
• Dublin, Ireland (aseptic)
• Loughbeg, Ireland (solid-dose)
• Shanbally, Ireland (biotechnology)
• Rouses Point, N.Y. (solid-dose)
• Richmond, Virginia (consumer healthcare manufacturing targeted for exit; R&D operations to remain in Richmond)
• Pearl River, N.Y. (proposed exit of biotech and consumer healthcare manufacturing; vaccines and biotherapeutics vaccines R&D will remain active here)

Recommended plant reductions:
• Guayama, Puerto Rico (phase-out of pharmaceutical solid dose operations planned; volume increases in consumer hhealthcare)
• Newbridge, Ireland (solid-dose)
• Andover, Mass., U.S. (biotechnology)
• Sanford, N.C., U.S. (biotechnology)
• Havant, UK (biotechnology)
• Illertissen, Germany (solid-dose)

Pfizer’s solid-dose network will include plants in Freiburg , Germany; Amboise, France; Vega Baja and Barceloneta, Puerto Rico; Ascoli, Italy; Newbridge, Ireland; and Illertissen, Germany.

The biotechnology network will consist of sites in Grange Castle, Ireland; Strangnas, Sweden; Algete (Madrid), Spain; Havant, UK; and Andover, Mass. and Sanford, N.C., in the US. The consumer healthcare network will include plants in Guayama, Puerto Rico; Montreal, Canada; Albany, Ga., in the US; Aprilia, Italy; Hsinchu, Taiwan; and Suzhou, China

The merger with Wyeth made many manufacturing sites redundant and dispensible.

Until next time
 

Good Luck and Good Job Hunting

Strategic Career Planning for Life Scientists

While most successful professionals want you to believe that they “fell into” their current jobs, the truth is that they wouldn’t have made it as far as they had without thinking or divining some type of strategic career plan. The trouble is that many early career professionals buy into this assertion—and rather than chart their own career trajectories—tend to gravitate toward jobs or job titles held by these seemingly successful professionals. 

More often than not, these would-be jobseekers have little or no understanding of what their “role models” do on a day-to-day basis as part of their job responsibilities. For example, many graduate students and postdoctoral fellows who I talk with at career development symposia tell me that they want to go into business development or regulatory affairs or management consulting. After they tell me this, I routinely ask “Do you know what the director of business development or a regulatory affairs manager does?” Frequently, these persons have little or no idea about the duties and responsibilities associated with the job choice that they just enunciated to me. Generally speaking, many of these career choices were based on informal discussions with people who hold the job title(s) in question or from information gleaned from career development talks offered by people like me.

The point that I am trying to make, is that it is vitally important to know what the duties and responsibilities of a particular job are and what a prospective employer will likely expect from you on a day-to-day basis. While a job title may sound important or glamorous, the actual day-to-day activities and realities of the job may be tedious, mundane or simply boring. To avoid this possibility, it may be worthwhile to set up so-called “informational interviews” with professionals who are already in the job(s) that you may be considering.

While informational interviews are increasing in popularity, many professionals simply don’t have the time to accommodate the growing number of requests for them. To that end, BioCrowd, a networking site for bioprofessionals, recently created a weekly “Day in the Life” series that will showcase articles written by various life sciences professionals ranging from scientists to CEOs. The goal of these career vignettes is to educate students and would-be job seekers about the various career opportunities available in the life sciences and to provide some insights into what these professionals actually do on a day-to-day basis while on the job.

Please visit BioCrowd to learn more!

Until next time…

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

 

Takeda Pharmaceuticals to Cut Almost 1,600 US Jobs

Japanese drug maker Takeda Pharmaceuticals announced today that it will slash almost 1,600 jobs or 28 per cent of its 5000 person US workforce. Most of the cuts will take place at the company’s North American headquarters (1400) in Deerfield, Illinois; the remainder (ca. 170) will occur at Takeda Global Research and Development Center in Lake Forest. These cuts represent a 20 per cent reduction in R&D employees at the site.

The layoffs, which are part of a restructuring of Takeda’s North American operations, are directly related to declining sales and the coming generic competition to its top-selling diabetes drug Actos. In addition to being Takeda's biggest revenue producer, Actos is the nation's top-selling brand name diabetes drug and was the 8th-best selling brand in 2009, generating $3.4 billion in U.S. sales, according to the most recent information available from market.

Despite rumors of job creation in other sectors of the US economy, pharmaceutical companies continue to shed jobs.

Until next time…

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

 

 

Life Scientists: Tweet Your Way to Your Next Job

While most life scientists that I know have Facebook pages and profiles on LinkedIn, many fewer don’t use Twitter. Perhaps more troubling, many life scientists who have heard of Twitter aren’t exactly sure what it is. For those of you who may have spent too much time in the laboratory for the past two years, Twitter is a microblogging platform (limit 140 characters) that is taking the social media community by storm. Analysts predict that Twitter may become larger and gain a greater market share than Facebook; but I digress.

Unlike most life scientists, many non-scientist types have tried Twitter and have almost immediately recognized its power and worth. It is extremely useful tool for information dissemination, exchange of ideas, branding, advertising, marketing and business development. The rapid uptake of Twitter by businesses and the lay public has led to the use of the platform to transact business and even to search for a new employment opportunities To that end, I recently received a post from Katina Solomon over at Online College.org. entitled “20 Simple Twitter Tips for Your Job Search.”

While some of the tips are very Twitter-specific, others are very useful when it comes to a job search like # 9 Toot your own horn (something scientists do poorly) or #5 Keep a copy of your resume online on the web or #19 Not broadcasting that you are unemployed.

Read and learn.

  1. Use your real name: You use your real name when searching for a job, so make sure you do the same on Twitter. Set up your first and last name in your profile, and if you can, use your name as your Twitter username.
  2. Tweet before you follow: Be sure to share useful content before you start following friends, colleagues, and industry professionals. This way, you'll give people a reason to follow you back.
  3. Search for opportunities: Don't just expect an opportunity to fall into your lap — seek it out! Use Twitter's search to look for jobs in your niche.
  4. Use a Hire Me! ribbon: Put a ribbon that advertises your desire for work, so even when you're not tweeting about your job search, followers know that you're looking.
  5. Keep a web copy of your resume online: If you get in contact with someone who would like to see your resume, it's handy to have one that you can just send in a tweet. A tool like VisualCV comes in handy.
  6. Follow your target companies: If the company or companies you'd really like to work for are on Twitter, follow them, and any employees that are on as well. You'll be able to connect better than before and stand out among candidates.
  7. Share on multiple networks: Integrate Twitter, Facebook, YouTube and LinkedIn so that contacts on all networks hear your message. If you can, use tools that can push updates from one service to another.
  8. Follow industry leaders: Follow the leaders in your industry to learn more about it and benefit from their network.
  9. Toot your own horn: Put yourself in the Twitter stream by describing your specific skill set. Be descriptive — if your specialty is selling phone systems to food service companies in South Florida, say so!
  10. Use hashtags: Find hashtags for upcoming conferences in your industry, hot topics, and more to become part of the conversation as well as identify people that you need to be following on Twitter.
  11. Look for a job posting account: If there's a certain company or industry you'd like to work in, try to find specific Twitter accounts that offer updates on new job postings available.
  12. Ask for help to close the deal: If friends or contacts work where you'd like to get a job, ask them for a recommendation to increase your likelihood of getting hired.
  13. Give good karma: Don't blatantly self-promote. Take some time to retweet and interact with others.
  14. Make your presence employer friendly: Use your bio as a job pitch, use a professional-looking avatar, and tweet about your job search. You can even link to your online resume.
  15. Be worth following: Don't be rude or boring — share interesting and useful updates with your followers, and focus on interacting with them as well.
  16. Always keep SEO in mind: Your Twitter profile and tweets are indexed by Google and other search engines, so any time you put information out there, think about how you can better make it found.
  17. Retweet industry news: Pass on news and tweets that are important, and you're one step closer to being found.
  18. Have a "Twitter pitch" ready: Much like the elevator speech, you need to be ready with a pitch you can deliver in 140 characters or less.
  19. Don't tweet about unemployment: You don't want to come off as whiny-keep your complaints about unemployment to yourself.
  20. Look for job search advice: Find posts from career gurus and other people who can help you find a job on Twitter.

I would be interested in talking with folks who have actually used Twitter to conduct a job search that ultimately led to a new job.

Until next time…

Good Luck and Good Tweeting!!!!!!!

 

Lilly Shows More Sales Reps the Door

Eli Lilly and Co. announced last Thursday that it plans on cutting 200 sales and marketing support jobs in its U.S. biomedicine group. More than half of those cuts will take place in Indianapolis, the corporate headquarters of the company. The cuts are the latest wave of the drugmaker's previously announced plans to chop 5,500 jobs worldwide by the end of 2011. The layoffs will be the largest since Lilly eliminated 200 jobs from its research laboratories in March.

Big pharmaceutical companies have been laying off marketing and sales reps for the past three years or so in response to lack of newly approved drugs and anticipated revenue losses from blockbuster drugs that are nearing patent expiry. According to a recent survey conducted by SDI Health the number of pharmaceutical sales reps has shrunk to roughly 81,780 in last year’s third quarter from 101,818 in 2005: a nearly 20 per cent. Further a recent post on the Pharmalot blog revealed that “last year, the number of docs willing to see most reps fell nearly 20 percent, the number of prescribers refusing to see most reps increased by half and the number of management-planned sales calls that were nearly impossible to complete topped 8 million” according to ZS Associates, which monitored interactions involving 500,000 physicians nationwide.

Declining revenues from brand name prescription drugs combined with the changing attitudes of physicians to sales reps suggest that marketing and sales jobs in the pharmaceutical industry may become scare in the future. However, as the biotechnology continues to mature, the need for sales reps with backgrounds in molecular biology and protein-based drugs will continue to increase.

While most physicians are very familiar and comfortable with small molecule prescription drugs, their understanding and familiarity with biotechnology drugs is surprisingly deficient. This suggests that PhD-trained life scientists, who are outgoing and don’t have problems “selling”, may want to consider careers in biotechnology sales or marketing.

Until next time…

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

 

 

Employment Opportunities, Salaries and the Growth Rate of US Biotech Jobs

Ed Silverman who runs the Pharmalot Blog yesterday posted an article that reports the average salaries, employment rates and job opportunities for persons working in the life sciences industry. The figures reported in the post were gleaned from an industry -wide bi-annual report conducted by the Biotechnology Industry Organization (BIO) and the Battelle Institute.

Some of the report highlights:

  1. Average annual wages in the U.S. biotech sector were tallied at $77,595, compared to the $45,229 average for total private sector employment
  2. Total employment in the U.S. bioscience sector has exceeded 1.42 million, with another 6.5 million jobs indirectly supported by biotech.
  3. The annual growth in the biotech was 1.4 percent during the first year of the recession, despite a decline in total private sector employment of 0.7 percent
  4. Since 2001, more than 176,000 jobs have been added in the research, testing and medical lab sector, with total employment in the sector now topping 558,000
  5. California leads the US in the total number of life sciences jobs with 221,096 followed by New Jersey with 88,854, Pennsylvania with 80,929, Massachusetts with 72,627, and Texas with 64,964

The report predicts an annual growth rate of 1.5 percent for the life sciences industry until 2018. While not great, the industry continues to grow while others like banking, financial services, business etc continue to decline.

Maybe a career in the life sciences industry isn’t a bad idea after all!

Until next time…

Good Luck and Good Job Hunting!!!!

 

Alternate Careers for Life Sciences PhDs: Some Interesting and Edgy Job Opportunities

There is no doubt that it is becoming increasingly difficult for persons with PhD degrees in the life sciences to pursue traditional career paths. To that end, Anne Miller of OnlineDegree.net sent me a link to a post that offers some interesting career options that might be of interest to graduate students and postdoctoral fellows training in the life sciences. While not for everyone, some of these jobs are tangentially related to the life sciences and may be worth considering if your current job search isn’t panning out.

The jobs with asterisks connote those where a scientific background may be beneficial.

1. MMO Gold Farmer : Gold farming has little to do with gold mining, as the workers are actually responsible for sitting at a computer for hours on end playing World of Warcraft and other massive multiplayer online role-playing games (MMORPGs) in order to amass a large amount of in-game currency to sell for the real thing.

2. Animal Insemination* : Artificially inseminating livestock is a necessary job if one wants a healthy food supply, but few will deny that it is an extremely unusual line of work.

3. Chicken Sexer* : The idea of a chicken sexer likely brings up a series of giggles and blushes, but in actuality involves deciphering the genitalia of newly-hatched birds and inventorying how many males and females crop up in the bunch.

4. Odor Judge : With strong stomachs and a much stronger olfactory system, odor judges do exactly what their job title implies. Sometimes they even have to jam their nose into a participant’s armpit to see how well their deodorant works.

5. Garbage Bin Archivist : A step up from dumpster diving, some people make money off scouring files and archives retrieved from filthy garbage bins for legal reasons.

6. Fish Liver Sorter* : They sort fish livers. Actually, the job description also entails slicing the organs out before organizing them as well as discarding any that appear sick or spoiled.

7. Organ Procurers* : Organ procurers work for organ banks, helping to seek out donors and transplants for those in need of a new kidney, liver, or other body part.

8. Vomit Collector : Some theme parks employ cleaners specifically designated to mop up puke near rides that tend to inspire motion sickness.

9. Pet Food Taster : Most people would jump at the chance to taste-test chocolate, booze, or ice cream or other snack, but it takes a special stomach, palate, and probably mind to want to nosh on gourmet dog and cat food.

10. Gumologist : Food chemist Jessee Keifer of Cadbury Schweppes is one of the only people in the world paid to develop the perfect stick of chewing gum.

11. Dice Inspector : A dice inspector’s job involves inspecting the little cubes for any flaws that may give an unfair advantage or disadvantage when gambling.

12. Fake Review Writer* : Unethical? Yup. But a weird job is still a weird job, and this one involves professionally writing fake business reviews – positive and negative alike – for consumer-driven sites like Yelp, Citysearch, and Urbanspoon in order to artificially bolster ratings and verbally slam the competition.

13. Gross Stunt Tester : Nobody would eat worms on television for money if the network feared a lawsuit. Before chomping down on a cockroach, though, gross stunt testers and chefs have to whip up the night’s challenge and make sure it is safe enough to stave off litigation.

14. Hand Model : Some models make their money off the runway, appearing in television commercials, print ads, and as movie and show stand-ins without ever even having to flaunt more than a pair of pretty phalanges. There is an entire industry built around feet as well.

15. Citrus Fruit Dryer : All fruits need washing before being shipped off restaurants and grocery stores, and somebody has to be around to towel them off.

16. Furniture Tester : One of the cushiest jobs possible, furniture testers get paid to sit and lounge about on chairs, couches, beds, and other elements of home décor to help manufacturers gauge their safety and comfort.

17. Pet Detective : Real pet detectives help scared owners find their beloved animal companions. Generally, they don’t go chasing after missing dolphins.

18. IMAX Screen Cleaner : Because without the dedicated work of these brave men and women, nobody would ever be able to see the Great Barrier Reef or Mount Everest as the filmmaker intended.

19. Crocodile Wrangler *: One of the most dangerous jobs anyone could have involves wrestling crocodiles, alligators, and other aggressive animals. A simultaneously awesome and insane line of work.

20. Light Bender : Both dangerous and creative, light benders work in extreme heat to bring people flashing neon signs for businesses and home décor (in some circles).

21. Hoof Trimmer* : Cows and horses need their hooves trimmed for their own safety and comfort – really not much different than a dog or cat owner clipping the nails of their pets.

22. Wrinkle Chaser : Anyone who buys a pair of shoes has to send a bit of thanks to wrinkle chasers, who wield their irons with the intent of keeping them smooth and attractive.

23. Worm Picker* : With lighted miner’s helmets and aluminum cans at the reader, professional worm pickers snatch up their wiggly prey from the ground and sell them to local anglers for bait.

24. Ski Resort Illustrator : Glamorous when compared to many others on the list, ski resort illustrators apply their creative talents to…um…what was it again?

25. Fart Sniffer : People actually get paid to smell gas given off by cows in order to determine their diet, hormonal balance, and overall health. There are no words.

26. Pathoecologist* : Oh sure, telling someone you’re a “pathoecologist” at a cocktail party probably sounds all impressive. But have fun watching their expressions plummet when explaining that it involves dissecting and analyzing fossilized feces for a living.

27. Golf Ball Diver : Experienced deep-sea divers sometimes take on second careers applying their talents to retrieving golf balls from the murky depths of lakes.

28. Professional Sleeper* : As amazing as sleeping for money sounds, it also serves an excellent medical purpose. Professional sleepers help scientists and doctors figure out the mysteries of insomnia and other disorders.

29. Livestock Masturbator* : Similar to the animal inseminator, individuals who masturbate cows and other barnyard animals in order to acquire the body fluids necessary for conception play an integral role in the food supply.

30. Ocularist : These specialists create custom false eyes for individuals in need of one following an accident or degenerative disease.

31. Oyster Floater* : Before finding their way to consumers, oysters need to be floated in specially attuned water in order to remove any impurities.

32. Ostrich Babysitter* : Some kibbutz workers pass their days keeping an eye on ostriches to make sure they do not wander off, get into fights, or end up stolen.

33. Gum Buster : Littering is bad and all that, but if nothing else it at least means that cities and sanitation businesses create jobs specifically for cleaning gum and gum stains off the street.

34. Snake Milker* : Chuck Norris is so 2007. Snake milkers are the real tough guys, farming venom from the poisonous, slithering reptiles to help cure people of their bites.

35. Fortune Cookie Writer : Most little blips on the fortune cookies served at Asian restaurants comes not from some wise ancient sage, but rather a man at a desk being paid to crank them out.

36. Paper Towel Sniffer : A paper towel sniffer is responsible for letting manufacturers know if their products harbor any unusual smells before, during, and after use.

37. Lipsologist : Like a cross between a handwriting and palm analyst and a fingerprint archivist, a lipsologist claims to be able to read and identify a person’s personality based on their unique lip prints.

38. Neck Skewer : In spite of sounding like a line of work disconcertingly attractive to Leatherface, neck skewers actually pin the neck meat of beef halves to keep things more compact for transport.

39. Potato Chip Inspector : This delightful job entails looking through a conveyor belt full of potato chips for burned or unappetizing specimens.

40. Safe Cracker : A couple notches below James Bond exists safe crackers, who have to bust open locked boxes using their ears and fingers as tools.

41. Knife-Thrower’s Assistant : There is no way that any insurance company would offer a policy to someone who lets people throw knives at them for a living – but it probably makes for some great stories all the same.

42. Smoke Jumper : Smoke jumpers are extensively trained professionals sent into devastating wildfires on mountains, in brush, and other wide expanses to keep the environment and humanity safe from as much harm as possible.

43. Citrus Fruit Dyer* : No relation to the citrus fruit dryer, the citrus fruit dyers pop bright colors onto lemons, limes, grapefruits, kumquats, and other delights to make them seem more appealing to consumers.

44. Stand-In Bridesmaid : Eerily obsessive brides scouring over every single petty detail of their weddings and under the impression that the day would be absolutely ruined without a certain number of attendants (spoiler alert: it won’t) can actually pay women to stand in the ceremony to fill out the ranks.

45. Professional Whistler : Professional whistlers lend their talents to television shows, movies, commercials, and other media to add delightful music to their listeners’ days.

46. Turd Burner : Everyone who’s anyone loves fire, but not everyone is cut out to maintain equipment that burns human waste for a living.

47. Hair Boiler : Animal hair gets poured into giant vats of boiling water in order to make it curl up – and somebody has to stir it. Why does that sound eerily like the opening scene of Macbeth?

48. Phone Cord Sorter : Phone cord sorters (who, thanks to the advent of cell phones, are a rare breed these days) have to root through piles upon piles of the electronic components to weed out any that appear damaged or frayed.

49. Condom Tester : Before any boys in the audience drop out of school to pursue this career path, be forewarned that it actually involves stretching the prophylactics over a machine to test their strength and durability.

50. Cheese Sprayer : The powdered cheddar (or reasonable facsimile) on popcorn and other wonderfully salty, greasy snacks that wreak havoc on the heart and waistline has to get there somehow.

Until next time…

Good Luck and Good Job Hunting (try it you may like it)!!!!!!!

 

Looking for a Life Sciences Internship? Internships.com May Help

A common lament from that I frequently hear from graduate students and postdoctoral scientists  at career development meetings is the need for "prior industry experience" to qualify and be considered for an industrial science job. Invariably, someone asks: “How in the world am I supposed to get industrial experience if nobody is willing to hire me as an industrial scientist?” Prior to the financial meltdown, I frequently advised PhD-trained scientists seeking industrial jobs to consider positions in smaller, local biotechnology companies.

While the pay, visibility and status is likely to be less than that of employees at major pharmaceutical or biotechnology companies, spending a year or more at a smaller company still qualifies as industrial experience. This, in turn, opens the door for new opportunities at larger, more established life sciences companies; which tend to offer more career options for industrial scientists. However, over the past three years or so, over 200,000 pharmaceutical employees have lost their jobs and many biotechnology companies are on the verge of bankruptcy. Consequently, entry level positions at smaller local biotechnology companies are gradually disappearing as job possibilities for newly-minted graduate students and postdoctoral fellows.

Interestingly, the financial crisis and high unemployment rates have elevated the once lowly corporate internship to “must have status” for job seekers who are interested in landing entry level positions at many life sciences companies.  While corporate life sciences internships are in high demand, they are typically not well publicized and frequently limited to students enrolled in certificate and degree programs. Put simply, corporate life sciences internships for graduate students and postdoctoral fellows, which are in high demand, are extremely difficult to find!

For the past several years, I wanted to create a website devoted to internship opportunities for life sciences graduate students and postdoctoral fellows. To that end, I approached several life sciences search engine companies and a couple of placement firms but was unable to convince them of the value and need for such as site. About a week ago, I came across a website called Internships.com that is exclusively devoted to “all things internship.” While the site is still in beta and the number of life sciences internship opportunities is limited, I think that it has enormous potential for graduate students and postdoctoral scientists who may be seeking industrial internship opportunities.

In the spirit of transparency and full disclosure, I have no relationship, financial or otherwise, with Internships.com. I just think it is a great idea and hope that the folks behind Internships.com are successful!

Until next time…

Good Luck and Good Internship Hunting!!!!!!!!

 

Resumes, Curriculum Vita and Cover Letters

After almost a week advising students about the difference between resumes and curriculum vita (for scientists there is no difference), academic vs. an industrial curricula vitae and cover letters at Experimental Biology this year, I came to two conclusions. First, all scientists should take a resume writing course. Second, there is no single resource to help students and postdocs figure out a way to navigate the sometimes treacherous waters of resume writing and cover letters.

Much to my surprise and delight, Monica Kerr, who is Director of Science Alliances at the New York Academy of Sciences, offered a link to a great resource developed by Harvard’s Office of Career Development. The document entitled “CVs and Cover Letters” offers ideas and samples of academic CVs and cover letters. Further, it provides insights into formatting and verb usage when constructing CVs and resumes. While the document does not address how to construct an industrial CV, it is one of the best resources that I know of for resume writing for life scientists.

Those of you looking who may be looking for advice and guidance about constructing industrial strength CVs can check out a post that I crafted for BioJobBlog a couple of years ago. Like the Harvard document it focuses on CV formats, verb usage and other job search related items.

Hat tip to Monica (and Harvard Office of Career Development)!

Until next time…

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

 

Five Hot Alternate Career Opportunities for Life Sciences PhDs

While attendance may be down at this year's Experimental Biology meeting in Anaheim CA aka the city that Disney built, attendance at FASEB Career Development seminars has been greater than normal. This is not surprising given the state of the economy and the increased competition for traditional career opportunities for persons with a life sciences PhD degree which include academic and pharmaceutical R&D jobs. With this in mind, I thought it might be useful to list some of the fastest growing and hottest new alternate career job opportunities for PhD life scientists. 

  1. Health informatics technologists (HIT)
  2. Medical writers (especially those with experience in regulatory affairs)
  3. Clinical trials personnel (especially biostatisticians and operations professionals)
  4. Management consultants with backgrounds in health care outcomes and economics
  5. Biomanufacturing scientists (especially quality control and assurance specialists)

 In future posts, I will discuss the qualifications and activities associated with each of these job opportunities

 Until next time... 

Good Luck and Good Job Hunting!!!!!

 

The Job Hunt: Tips from a Hiring Manager

As a career development professional, I frequently offer job seekers tips on how to conduct a successful job search. However, my views on the topic are mainly derived from a five year stint as a professional recruiter and over 20 years as a job seeker. With this in mind, it may helpful for job candidates to hear the other side of the story; that is, what hiring managers expect from job seekers.

To that end, I found a great podcast (created by an HR professional) that briefly but cogently outlines a hiring manager’s views and expectations of job seekers who are applying and interviewing for positions at her company. 

If you want to learn more about job searches, the interviewing process and other job-related topics, I highly recommend that you visit the Secrets of the Job Hunt website. It contains hundreds of podcasts, videos and other information on a plethora of imaginative, career development topics.

Until next time…

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

 

Experimental Biology 2010: Anaheim

I will be at the Experimental Biology meeting this year in Anaheim from April 22-27 doing my annual career development presentations and resume critiquing. Also, this year, I am bring my Flip camera this year to video interesting scientists, students and others who want to be featured in the Career Corner at BioCrowd.

In case you were wondering the titles of this year’s career development seminars include:

  1. Alternate Careers: Taking the Road Less Traveled
  2. Interviewing Tips and Insights
  3. How to Use Social Media to Find Gainful Employment in the Life Sciences Industry
  4. Career Opportunities in the Life Sciences Industry

Please feel free to drop in to listen to one of my talks or sign up for a resume critiquing session.

See you in Disney Land…oops I mean Anaheim!

Until next time…

Good Luck and Good Job Hunting!!!!

 

Internships: To Pay or Not to Pay Is the Question

There is a growing controversy over the rules governing whether internships offered by employers should be paid or unpaid. Many wage and hour regulators maintain that interns must be paid when their work is of “immediate advantage” to the employer. In this case, the interns should be considered employees and must be paid at least minimum wage. However, as the number of internships continues to rise, an increasing number of interns have complained of being placed in unpaid positions doing largely unskilled or menial work. Most labor experts agree that this provides an immediate financial advantage to an employer because the intern is doing unpaid work that is typically performed by a paid employee. 

Because of the growing popularity of internships, the federal government has established six criteria to determine whether or not internships can be unpaid. These include that the internship must resemble instruction or training given in a vocational skill or academic institution and that the intern does not displace or replace a paid employee and that the employer does not gain an immediate advantage from the intern’s work and activities. In other words, if an intern’s experience is mainly educational or beneficial to the intern the internship does not have to be a paid one. To confound the issue, the California labor department recently issued new guidelines on whether or not internships should be paid, with the new rules giving employers more latitude not to pay them

According to a recent article in the New York Times, the new rules stipulate that interns need not always be paid when they do some of the same work as company employees. The new guidelines suggest that interns could do occasional work done by regular employees as long as it “does not unreasonably replace or impede the education objective for the intern and effectively displace regular workers.” I suspect that other states will follow suit and redefine their criteria for unpaid internships.

Don’t be surprised if you see a spike in the number of unpaid internships offered for the summer of 2010 and beyond.

Until next time…

Good Luck and Good Job Hunting!!!

 

Women in Science

In March 2009, the Smithsonian Institution Archives (SIA) created a photography exhibit to honor women in science and engineering. The exhibit consists of photographs of famous and not-so-famous female scientists, a brief bio and description of their work.

Many of the photographs are from the 1920s and 1930s when female scientists were a rarity. Fortunately, this has changed in recent years and more women than men are currently enrolled in graduate programs in the life sciences. To learn more, you can visit the SIA blog.

The exhibit is interesting and worth a look!

Hap tip to Julian for sending me the link.

Until next time…

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

 

The Downsizing Continues: Sanofi-Aventis Lays Off 400 Workers

According to a post on Pharmalot, a great blog run by the intrepid Ed Silverman, Sanofi-Aventis is laying off 400 employees; most of the them sales representative. The layoffs are in response to impending generic competition for several of the company’s older medications— the Ambien CR sleeping pill and Aplenzin antidepressant and declining sales of Actonel an osteoporosis medication. And, based on statements made by a company executive who manages the company’s therapeutic portfolio this may only be the tip of the iceberg as revenues from brand drugs continue to decline over the next few years.

Until next time..

Good Luck and Good Job Hunting!!!!!

 

Biocareer Development: The Truth About Internships

The recent economic downturn, coupled with the growing competition for jobs at pharmaceutical and biotechnology companies, has markedly increased the importance of internships as pre-requisites to gainful permanent employment. In the past, life sciences companies were willing to take a risk on promising new employees who did not possess any previous work experience. However, the glut of life scientists on today’s job market has empowered prospective life science employers to adopt a “let’s-try-them-out-before-we-hire-them” approach to employment. Like it or not, this is the way business is done these days.

While many life sciences companies continue to compensate their interns, an article in this past Saturday’s New York Times suggested that there is a growing number of organizations that are failing to pay their interns. This has caused federal and state regulators to worry that more employers are illegally using such internships for free labor. Many regulators say that violations are widespread, but that it is unusually hard to mount a major enforcement effort because interns are often afraid to file complaints. Many fear they will become known as troublemakers in their chosen field, endangering their chances with a potential future employer.

According to the article, in 2008, the National Association of Colleges and Employers found that 83 percent of graduating students had held internships, up from 9 percent in 1992. This means hundreds of thousands of students hold internships each year; some experts estimate that one-fourth to one-half are unpaid. Further, there are data to suggest that unpaid internships have been skyrocketing in recent years; mainly fueled by employers’ desire to hold down costs and students’ eagerness to gain experience for their résumés. For example, a career development expert at Stanford University noted that “employers posted 643 unpaid internships on Stanford’s job board this academic year, more than triple the 174 posted two years ago.” Other universities report similar trends.

While the primary goal of internships is to educate and prepare students for future jobs in their chosen fields of endeavor, some employers tend to view even paid interns as free labor and: asking them to do perform unskilled, menial tasks rather than pay hourly workers to perform them. Nevertheless, there is no question that spending a summer or semester as an intern at a life sciences company seriously increases the likelihood of permanent employment (either at that company or one of its competitors). After all, the internship experience (whether or not you performed any relevant work) qualifies as previous industrial experience. And, as many recent jobseekers will tell you, “previous industrial experience” is an absolute requirement these days to land a permanent job at a life sciences company. 

In the past, I unabashedly recommended that students who want to land jobs at life sciences companies consider taking an unpaid internship if a paid one wasn’t possible. However, I am no longer certain that this approach may continue to be viable or valuable one. To that end, working as an unpaid, life sciences intern taking lunch orders, fetching coffee, copying journal articles or conducting PubMed sources for the VP of R&D may not be helpful to you or a prospective new employer.  With this in mind, I suggest that before agreeing to a life science internship (paid or otherwise) that you ask for a job description and a list of your responsibilities and functions. If a company is unwilling or unable to provide you with this information, I highly recommend that you move on to the next possibility. After all, nothing is life is free!

Until next time….

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

 

Pharma Layoffs Continue Unabated

Pfizer today announced that it would lay off another 123 workers at its Pearl River, NY manufacturing and R&D site.

The workers in the facility's research and development division will lose their jobs by early July according to a company spokesperson. He added "There may be some additional positions eliminated over the course of 2010, but this is the last major wave that will be announced.”

This brings to 601 the total number of layoffs at the site. The cuts are part of a global restructuring Pfizer announced in November, weeks after acquiring Wyeth Pharmaceuticals. The company has yet to decide the fate of the plant's manufacturing arm. If it is shuttered, that could lead to more layoffs

In other news, lesser known KV Pharma said it would shed 289 workers or 42 percent of its workforce. KV already had reduced its staff from 1,700 in 2008 to about 680 as of Feb. 28. The company recently shut down its generics subsidiary Ethex Corp. after the company pleaded guilty to criminal charges for not disclosing problems with two of its drugs and agreed to pay $27.6 million in fines and restitution.

While the US government and financial analysts claim that the economy is show signs of improvement, the layoffs at pharma and biotech companies continue. Only time will tell if we have truly turned a corner during this economic downturn.

Hat tip to the Pharmalot blog!

Until next time...

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

 

Roche Will Cut 600 Jobs in New Jersey

Roche disclosed in a regulatory filing that it will plans to eliminate 500 positions in New Jersey by the end of this month, related to last year's acquisition of Genentech Inc., and plans to cut another 100 jobs in the state by June. While the cuts were expected after Roche acquired Genentech last year and announced it would move its US headquarters from Nutley, NJ to South San Francisco, it wasn’t clear how extensive the job loses would be. The company is closing down all manufacturing operations at the aging Nutley site.

This is more bad news for the State of New Jersey which has borne the brunt of the pharma downsizing trend that began in earnest about 4 years ago. As many of you may know, New Jersey has the highest concentration of pharmaceutical employees in the US. The loss of pharmaceutical jobs coupled with an enormous budget deficit suggests that it will be many years before New Jersey is able to recover from the economic downturn.

Roche, which had 2009 revenue of about $45.9 billion, employs more than 80,000 people worldwide.

Until next time…

Good Luck and Good Job Hunting (forget New Jersey)

 

The Top Ten Fastest-Growing Career Options for Life Scientists

Onlinecolleges.net sent me a list of the  ten fastest growing jobs expected in the US from 2008 to 2018. While career options like skin care specialists (vocational training), physician assistants (MS), athletic trainers (BS), financial examiners (BS), dental hygienists (associate degree) and physical therapist aides (associate degree) appear on the list, the fastest growth and greatest need is for biomedical engineers (#1), network system and data communication analysts (#3), medical scientists (#5) and biochemists and biophysicists (#7).

 The Ten Fastest-Growing Jobs You Should Go To School For Today

With the exception of medical scientists (which require a PhD degree), bachelor degrees are required for entry level biomedical engineers, systems analysts and biochemists and biophysicists. While I am not convinced that there is a growing demand for more PhD life scientists, I think the other options listed are viable career choices especially in the area of health information technology.

Until next time…

Good Luck and Good Job Hunting!!!!

 

50 Useful Science Career Sites

Samantha Miller of the Medical Small Business blog sent me a list of 50 websites that may be useful for students interested in a career in science or scientists looking for jobs. The list is very comprehensive and worth a look for folks who, against all odds, are still considering careers or seeking gainful employment in the sciences.

 Science Job Sites

1. New Scientist Jobs : Register for free here to begin uploading your CV, get job alerts, and apply for them online. You can also search the database which has tons of jobs in science. There are also useful items such as career advice and who’s recruiting.

2. Nature Jobs : This science site stands out for its ability to let you search for jobs overseas. You can also search by employer, discipline, and title. There is also a career toolkit and information on fairs.

3. Job Science : If you feel like spending a little money to find a job, check out this site. It has loads of resources for science workers and students to find a job. You can view a demo, or try it out for free for 30 days.

4. Career Builder : A leading career site, it also has a special section for science and biotech jobs. You can search by type and/or location. There are also tons of other useful tools on Career Builder.

5. The Vault : With useful resources such as the top 25 firms, this site is worth a look. Here, you can choose from different science industries such as biotechnology, environment, and technology. They also have loads of blogs, videos, and much more.

6. Research Jobs : If your scientific expertise is in research, click here. This is a networking and job site dedicated to researchers and companies in the industry. You can register, search jobs, and more.

7. Career Cast : Although anyone in any profession can utilize this site, science workers can view jobs in life, physical, or social sciences. There are also tools, news, a blog, and more. They recently listed biologist as the top number four job in the nation and you can read why.

8. Glassdoor : Thinking of working for a specific company? Then visit here to see what actual employees have to say about it. You can also get salary, bonus, and other important information.

9. Dice : If technology is your area of scientific expertise, visit here. The site is a career hub for tech insiders and lets you browse jobs in the hottest cities for technology. You can also upload your resume, search agencies, get tips for resume writing, and more.

10. ChemJobs.net : If you are looking for a job in the chemistry industry, visit here. Categories include graduate, sales, clinical, and more. There is also a directory and more information.

11. Photonics Jobs : This science site is for those looking for work in optical, laser, and fiber optics employment. The latest jobs are featured on the homepage. You can also search by date or category.

12. Working for NASA : You don’t have to live in Texas or Florida to work for this science giant. They have thirteen facilities in states such as California, Ohio, and D.C. See what jobs are open and what they are looking for by visiting.

13. Engineer.info : This site searches through millions of jobs from many leaders to bring you solely jobs for engineers. With everything from entry level to advanced, this site is a one stop shop for engineers looking for a career. You can also search by type or location.

14. Think Resources : Get several sites for scientists looking to go into the energy field here. There is Energy Group, Power Plant Jobs, and others. There is also help with resumes and employment management services.

15. Just Windows Jobs : If you have knowledge of MS, developing, or related field, this is the science job site for you. It contains jobs featuring solely IT’s best in Windows. With over 15 million users getting jobs from 120 tech websites, it is a good choice.

16. Computer Jobs: Like the above, this science job site is for technology professionals. Choose jobs requiring skills such as Python, Cisco, Java, and many others. You can also do a simple Google like search.

17. Med Hunting : Get science jobs for the medical field by visiting here. Science orientated jobs include research, technology, and others. You can also post your resume or get salary information.

Career Development Sites

These sites can be used to help write a resume, prepare for an interview, and much more.

18. My Science Career : Provided by AAAS and the journal “Science,” get tons of tools specifically for science workers and students seeking a career. There is a how-to series with loads of advice, along with the other usual tools. You can also download “The Informed Job Search.”

19. Career One Stop : Sponsored by the U.S. Department of Labor, the site provides tools to help job seekers, students, and all professionals. Choose from exploring careers, education, or even find services near you. There is also help for those in the military making the transition to civilian life.

20. Monster : This gigantic career site is full of advice for workers, students, and everyone in between. Choose from helpful resources such as resumes, interviewing, and negotiating salary. They also feature employers and have regular interviews with industry professionals.

21. WSJ Careers : Although meant for business professionals, the scientist can still get expert advice from “The Wall Street Journal.” They have news & trends, career strategies, columns on different careers, and the usual job search. You can also get information on different schools.

22. Free Resume Critique : If the first word of the title didn’t sell you the provider will: “The Wall Street Journal.” Simply enter your information and upload your resume to get started. If you choose to go with their services, they guarantee an interview within 30 days.

23. Career Mag : In addition to the usual tools, there is also a self-assessment section that most others don’t have. Other tools are on continuing education, an online portfolio, and reputation defender. There is even a mobile app with more.

24. The Riley Guide : In operation since 1994, they offer free career advice and employment information. Choose from subjects such as tips on the job search, cover letters, salary guides, and more.

25. Interview Smart : Is the interview the scariest part of getting a science career or into the school of your dreams? Then stop by this site to sharpen your skills and ace the interview. There is a free trial and they feature 35 different topics on every step of the process.

Science Majors and Post Baccalaureate Sites

Science students can use these sites to find an internship, entry level job, and more.

26. College Grad : Stop here to get jobs specifically for college graduates. You can find jobs in a variety of fields, including science. There is also help for paying off debts, top employers, videos, and more.

27. Campus Career Center : Stop here for a massive site with entry level jobs and internships specifically for both college students and graduates. They have an expert blog with tips on everything from resume building to advancing an existing career. Best of all, employers such as Shell, the CIA, and many others regularly hire from here.

28. College Center : Get a network just for college job seekers here. They have centers for students, alumni, and employers. There is also a job search kit to give you more help.

29. After College : Search over 200,000 jobs specifically for college graduates here. Popular jobs include teaching, pharmacy, imaging, and others. There is also help for scholarships.

30. Monster College : With a section for just about everything, Monster also has this resource to help you transition from the classroom to the workplace. You can learn, network, and share on the one site. There is also help with portfolios and finance.

31. Entry Level Jobs : Choose the scientific category here to get entry level jobs. You can also choose by locations across the country. Other categories include education, engineering, technology, and more.

32. Employment Guide : If you are a science student who needs to work from home, visit here. They have listings of legitimate business opportunities at many levels. There are also tools for other job seekers.

33. Diversity Working : If you are a science student and a minority, stop here. It offers over 500,000 jobs in diversity. Simply post your resume, choose from a community, or search for your dream job.

34. College Recruiter : If you need just a simple search engine for entry level jobs and internships, this is it. Simply type what and where to get your answer.

Science News

Don’t get scooped by a co-worker or other student by staying on top of the latest scientific breakthroughs.

35. Science Daily : Get nothing but science headlines by stopping here. They are updated every 90 minutes and include just about every topic imaginable. You can also choose by specialty, news videos, and book reviews.

36. Live Science : With sections like Cool Science and Tech News You Can Use, this site is worth a visit. You can also choose by specific topic or even the strangest in headlines. Be sure not to miss the videos with even more.

37. New Scientist : Stop here for in-depth articles for the serious scientist. They also offer the Last Word and opinions on many controversial scientific topics. You can also use the site to look for science jobs.

38. Scientific American : You don’t need a subscription to this leading publication to get science news. Online sections include fact vs. fiction, extreme tech, and ask the experts. Be sure not to miss the 60 Second Science Podcasts with loads more.

39. Science Blogs : Similar to Alltop, this site gathers all the headlines from science blogs onto one convenient place. Choose from life science, environment, medicine, and more. There is also a section for job seekers.

40. POPSCI : Also known as “Popular Science,” they cover gadgets and cars in addition to science. Get the latest on robots and other popular pieces of science with a visit. There are also galleries and videos.

41. Science Mag : Both scientific research and career information is listed here. There is also a community for networking and blogs. You can also get a science podcast.

42. EurekAlert! : Get the latest news by scientific subject here. Choose subjects from agriculture to technology. There is also information on grants, awards, and books.

Science Reference Sites

Whether writing a paper, report, or other scientific issue, use these sites as references and tools for the latest in science.

43. National Science Foundation : The NSF is a must visit site for all science students and workers. You can get the latest discoveries, info on awards, and statistics. You can also use the site to find funding opportunities in your area.

44. Research.gov : Led by the NSF, Research.gov is a partnership of federal research-oriented grant making agencies with a shared vision of increasing customer service for the research community, while streamlining and standardizing business processes amongst partner agencies. Scientists can use the policy library, apply for grants, and get the latest news. Be sure not to miss opportunities funded by the Recovery Act.

45. Library of Congress : One of the largest libraries in the world, the LOC has tons of free resources for all visitors. Click on Researchers to get more tools for scientists. Others can view massive collections on history, art, and much more.

46. NOAA : The National Oceanic and Atmospheric Administration is charged with all sorts of environmental watches and reports. See what they are up to, read reports, or join forces by visiting. You can also get resources for students.

47. NASA : Explore the final frontier with the help of this massive site. Get mission updates, reports, live videos, and even interviews with top officials. With tons of resources, be sure and make time for this science site.

48. Discovery Channel : With shows like “Mythbusters” and “Man vs. Wild,” there are numerous scientific resources to utilize here. Get videos, interviews with hosts, and much more. There is also a health, science, and animal channel to choose from.

49. Nature.com : Get the world’s latest science and medicine reports on your desktop here. Choose from research, blogs, and special features. You can even submit your own manuscript.

50. PhysOrg : Similar to the above, this site focuses on physics, technology, and Nano science. Spotlight stories are featured on the home page. You can also see the top stories, choose by subject, or submit your own idea. 

Until next time

Good Luck and Good Job Hunting!!!

 

Social Networking for Biocareer Development

By now, most of you have heard at some point or another that networking is critical when it come to trying to land a job. Unfortunately, networking is not an inherited genetic trait and it takes a fair amount of skill (some say art) to develop and excel at it! To make matters worse, most scientists are told and frequently reminded that networking for career advancement is equivalent to shameless self promotion and that “good scientists” generally refrain from doing it. Consequently, most scientists are not good at networking and in some cases shamefully inept.

The advent of social networking sites like BioCrowd, Facebook and others provides an opportunity for scientists to overcome their fear or guilt about networking. More importantly it provides a “safe haven” for scientists who want to avoid the anxiety and pressures of face-to-face networking at live events. While online networking may be a surrogate or substitute for the real thing, if leveraged correctly, it can be used to find and land a job or advance a career. 

Surprisingly, the use of social networking by life scientists lags behind that of the general public. After all, many life scientists pride themselves as being on the cutting edge or part of the vanguard pushing new technologies that can be used to “push back the frontiers of science.” Nevertheless, social media and online networking sites have become routine parts of most job searches and both are used by employers and prospective employees alike. To that end, I crafted a Powerpoint presentations that describes the “dos and don’ts” of social media for job searches and career advancement. 

social media, life sciences, career development
View more presentations from cliffmz.
While the presentation is a start, I strongly urge life scientists and other jobseekers to attend locally-sponsored social media seminars and workshops to hone your social media and networking skills. Like it or not, social media is here to stay and those who fail to harness its potential will likely remain in the ranks of the unemployed for the foreseeable future!.

Until next time…

Good Luck and Good Job Hunting

 

Downsizing: Biotech Companies Are Catching Up to Big Pharma

For the past year or so, I have been focusing on the downsizing and layoffs taking place at big pharmaceutical companies. The unprecedented size and scope of these massive layoffs have overshadowed the downsizing and job loss taking place at small to mid-size public and private biopharmaceutical companies. In contrast with most fully-integrated vertical pharmaceutical companies that are flush with cash, most biotech companies—even the likes of Amgen, Genentech, Gilead and others—don’t have the cash reserves to maintain operations in a down economy or when a drug candidate fails in clinical development. This coupled with the lack of venture and private equity capital has been causing biopharmaceutical employees to lose sleep in recent months.

Over the past few days, two CA-based biopharmaceutical companies announced major layoffs. The first, San Jose-based Xenoport, announced that it plans on cutting its 222 person workforce by 50% over the next few months. According to company executives, the layoffs are necessary because the US Food and Drug Administration (FDA) failed to grant approval to its lead drug candidate Horizant, a treatment for restless leg syndrome. This will allow the company to annually save about $15.6 million and focus its development efforts on other products that are in Phase II clinical development. 

San Francisco-based Exelixis today announced that it would cut about 40% of its workforce or 270 employees to focus on development of its late stage drug candidates. The biotechnology company, which expects to reduce its 2011 cash expenditures by about $90 million, said it would focus on the development of its anti-cancer drugs XL184, XL147 and XL765. These layoffs are occurring less than a year after the company announced a potential $1.0 billion deal with Sanofi-Aventis in which Sanofi invested $140 million upfront to license two of its oncology drug candidates.

Things are also not going well for the numerous small to midsize biotechnology companies in the Seattle area. According to Xconomy, a company that tracks layoffs in and around Seattle, the region has shed 4,500 biopharmaceutical industry jobs since 2008.

Finally, BNET compiled a top biotech layoff list for 2009. The notables that made the list are shown below.

  1. Sepracor (530). The layoffs represented 20 percent of Sepracor’s workforce, and another 410 contract sales reps also got the axe. The restructuring apparently worked and Dainippon Sumitomo Pharma the company later in 2009.
  2. Allergan (460). This represented a five percent reduction in the company’s workforce.
  3. Genmab (300).  Arzerra (ofatumumab) the company’s leukemia drug won FDA approval a week before layoffs were announced (go figure). But Genmab wanted to cut manufacturing and late-stage clinical work to refocus on antibody discovery.
  4. Oscient Pharmaceuticals (280). Oscient cut about 100 jobs in February, 2009 to entice acquisition partners. When that didn’t work, the firm cut another 180 in June as it dumped the sales force for its two marketed products. Cornerstone Therapeutics later picked up Oscient’s antibiotic Factive during bankruptcy.
  5. Amylin Pharmaceuticals (200). After cutting 340 jobs at the end of 2008 amid declining diabetes drug sales and regulatory delays, Amylin eliminated 200 sales reps in mid-2009.

While these represent the largest layoffs that occurred in 2009, thousands of other biopharmaceutical employees also lost their jobs.  If the life sciences sector is the part of the economy that has been relatively unscathed during the economic downturn, imagine what life must be like for employees in other sectors that have been hard hit!

Until next time...

Good Luck and Good Job Hunting ????

 

AstraZeneca Offers New Details About Its Global Layoff Plans

Ed Silverman, who runs the Pharmalot blog,reported today that AstraZeneca provided more details about its plan to layoff 8,000 employees or 12% of its workforce by 2014. 

According to the post, the company will R&D programs in thrombosis; acid reflux; ovarian and bladder cancers; systemic scleroderma; schizophrenia, bipolar disorder, depression and anxiety; hepatitis C and vaccines (other than respiratory syncytial virus and influenza).

The company will shutter research facilities throughout the UK and Sweden and shed about 3,500 R&D jobs. About 550 jobs will be eliminated at AstraZeneca’s US headquarters in Wilmington, Delaware; adding to the massive numbers of unemployed pharmaceutical workers in the Pennsylvania, New Jersey and Delaware region. The company is also looking for a buyer for its Arrow Therapeutics business.

AstraZeneca joins a growing number of big pharma companies that are jettisoning internal R& D programs in favor of licensing and merger and acquisition deals to sure up drug discovery pipelines. The lack of innovation in small molecule drug discovery and the loss in 2011 of patent protection for some of the industry’s largest blockbuster drug franchises is forcing big pharma companies to eliminate or outsource most of their R&D functions and capabilities to cut costs.  

I wish I could say that things will get better. But, the shift in the business model that has guided big pharma for close to 100 years is likely to be a permanent one. Now is the time to begin to consider alternative career paths!

Until next time...

Good Luck and Good Job Hunting (“Go West young man/man!”)

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100 Useful Career Development and Job Seeking Sites

Kitty Holman over at sent over a fairly comprehensive list that first time and experienced jobseekers may find useful. A quick perusal of the list revealed a few online career development and job board sites and services that I didn’t know about.

Having said that, the list is worth a quick read. 

General

These sites cover a lot of ground when it comes to networking and finding a job, so they’re a great place to start.

  1. Jobster: Sign up through this site to create a free career profile, allowing you to search for jobs and for employers to find you.
  2. JobFox: JobFox is a bit like a dating site, but for jobs, not singles. Create a profile and it will match you up with the job listings you’re best suited for.
  3. Monster: As one of the largest job sites on the web, Monster is a great place to start seeing what kind of work is out there.
  4. CareerBuilder: Sign up with this site to create and share your resume, search for jobs, and get help and tips with your search.
  5. Ning: With Ning, you can search for social networks that meet your interests or if you don’t find one, create your own.
  6. FD Career: With this site you’ll create a profile, learn about companies, find helpful articles and join a lively community of professionals.
  7. SimplyHired: This site lets you search for jobs from all over the web, then quickly and easily send your stored information to listings that you find interesting.
  8. Beyond.com: Find loads of niche career communities on this site, as well as a powerful job search tool.
  9. BrightCircles: Stay in touch with your coworkers and business connections using this social network.
  10. Koda: Use this site to contact employers you’re interested in working with, look through listings and meet others looking for work.
  11. Jobirn: This insider referral network helps give you a leg up in the job search by hooking you up with someone who can actually put in a good word for you and get you job interviews.
  12. indeed: Search for jobs worldwide on this site and use it to share and store your work information.
  13. Climber.com: If you’re already doing well at work, check out this website that will put you in touch with recruiters and companies looking to hire.

College Grads

These sites cater to those who have their degrees, connecting them with alumni and setting up helpful recruiting connections.

  1. Alumwire: Join this online community for information about jobs and career fairs as well as useful tools for getting in touch with alumni in your field.
  2. MyWorkster: Go through your college community to find out about job and networking opportunities in your area using this site.
  3. Doostang: Those with an Ivy League education can make a variety of useful alumni and business connections through this grad-focused site.
  4. Alumni.net: Connect or reconnect with those you knew in school to turn acquaintances into business opportunities through this social network.
  5. Brazen Careerist: Young professionals can create a profile, find jobs, network and meet potential collaborators through this site.
  6. Zumeo: Join this online network to get connected with internships and find loads of networking opportunities.
  7. iHipo: This site is a great place to search for work near home or even a bit more far flung, with networks connecting you with internships and jobs alike.
  8. AfterCollege: Sign up for this site to get access to listings and networks for loads of entry level positions.

Resume Help

Make sure your resume is in top shape and accessible to potential employers with help from these social sites.

  1. Razume: Upload your resume to this community site and you’ll get access to help and criticism from others who can help you create a better resume.
  2. VisualCV: Join this site to make a better, more technologically savvy resume you can send and share with anyone.
  3. Emurse: Use this social site to create, store and share your resume as well as enjoy networking and job search opportunities.
  4. ResumeBucket: Need a place to store your resume online? This site does just that and more.
  5. ResumeSocial: Post your resume to this community and you’ll be able to get free, and hopefully helpful, feedback on improving how you look on paper.
  6. Ziggs: This site lets you take control of your online presence, from how you appear in searches to the state of your resume.
  7. YaaZe: Create a resume using this site, publish it, and you’ll get updates when jobs that meet your needs become available.

Job Prep and Research

Learn more about companies, job search sites, pay and more through these helpful sites.

  1. InterActive Applicant: Join this site to get access to recruitment that lets you not only show off your resume but who you really are as well.
  2. InterviewBest: Use this great site to make sure you’re prepped and ready for your next interview.
  3. JibberJobber: This site lets you easily manage your job search, with great online tools and opportunities for networking.
  4. Job Board Reviews: Find out if the job board you’re visiting is legit with reviews found on this site.
  5. Salary.com: Are you being paid what you deserve? Find out from this site.
  6. VirtualJobCoach: Job seekers can join this site and get help organizing and managing their job search.

Networking

Why not use social networking for what it was designed to do–network? These sites make it easy to connect with colleagues, fellow workers and potential employers.

  1. LinkedIn: This business networking site is a must for those trying to connect with others in their field or just make it easy for people to find out what they do.
  2. Facebook: Facebook can be fun for talking to friends, playing games and posting funny pictures but it can also work for business if you create a serious, professional profile.
  3. Twitter: Send out daily updates and follow those in your field or who have job openings using this tool.
  4. iMantri: Need a mentor to get you on the path to success? This networking site will hook you up with someone who can show you the ropes.
  5. Company of Friends: As one of the oldest business social networks, this site has an extensive network of contacts for you to use.
  6. Ecademy: With this site you can make connections, share what you know and build your personal brand as you go.
  7. Meetup: Find out about professional events, networking opportunities and more through this great social tool.
  8. Plaxo: Create a listing of contacts on this site so you can carry your business connections with you everywhere.
  9. Xing: Manage your existing business contacts and make new ones through this site.
  10. Networking for Professionals: If you’re a professional looking to expand your immediate circle of contacts, give this great networking site a try.
  11. WorkNT: Find jobs and employers, post your information, and talk with others on this great networking site.
  12. Cofoundr: If you’re more of the type who wants to start their own business, consider using this site as a way to make a myriad of great, useful connections.

Freelancing

If you feel like freelancing is a direction you’d like to go, then check out these sites to find great opportunities and connections.

  1. Elance: Find employers looking to hire freelancers for a variety of different projects through this helpful social site.
  2. Guru.com: This site is not only a good place to find a job but a great place to get answers to all your freelancing questions as well.
  3. Sologig: If you’ve been working in your field for quite some time, you can use this site to find great job listings that require your level of experience.
  4. Go Freelance: Through this site you can find work, read articles and promote your skills as a freelancer.
  5. MeetingWave: With this online tool you can find people who are interested in your business and decide whether or not you want to meet them in person.
  6. iFreelance: Create a portfolio on this site and use it to find employers who are looking for freelancers with your skills.
  7. FreshWebJobs: Those who freelance on the web can find programming, development and design jobs on this site.
  8. Freelancer.com: Join this site and browse through the listings to find a job that suits your needs.
  9. ContractedWork: There’s all kind of short term work to be found through this site, just register and start searching.
  10. PowerLance: This freelancer-focused site allows you to search for projects and bid on ones that you’re interesting in pursuing.

Creative

Those working in a creative field can find art- and writing-focused jobs and communities on these sites.

  1. Coroflot: Post your portfolio on this design site to showcase your work and help you find jobs.
  2. Media Bistro: Connect with others in the content development and media industries on this site, as well as get updates about jobs.
  3. Krop: With blogs, a database, and job listings on this site, it’s a great resource for designers looking for work.
  4. PoeWar: The Writing Career Center is a great place to find career advice and also find jobs that will advance your career.
  5. DesignCrowd: If you want to gain some recognition and even earn a few cash prizes, use this site to find and enter design contests from around the globe.
  6. WriterLance: Writers out there who love what they do but also want to make a living can use this site to hook up with and work with potential buyers.
  7. Authentic Jobs: Find both full-time and freelance creative jobs on this site or just read what the blog has to say.
  8. AltPick: Promote your creative talents and find those looking to pay for them on this community-based site.
  9. FreelanceWriting.com: Find links to contests, events, jobs and more on this writing site.
  10. CreativeHeads: From animation to programming, you’ll find a wealth of creative-oriented jobs through this site.

Business

Get your foot in the door to the corporate and entrepreneurship world with these resources.

  1. Jigsaw: Find a huge collection of B2B contacts on this site that you can use to find work and promote your business.
  2. Ryze: Create your own homepage and start networking with other business professionals on this site.
  3. Fast Pitch: Got a great business idea? Pitch it to potential investors on this site.
  4. Meet the Boss: Those in upper management can make great business connections that can be useful in working collaboratively or changing jobs.
  5. Spoke: Using this site you can share your professional info and get hooked up with people that might be good to know in your line of work.
  6. NetParty: Those who are young and want to make valuable business connections should consider using this site. It lets you know where and when networking events are being held.
  7. InboundMarketing: Find marketing news, training and an online community on this helpful site.
  8. JaseZone: Try out this site to create your own personal profile and share your business expertise with others.

Technology

Put your IT, programming and computer knowledge to good use through the job offers found on these sites.

  1. Dice: This site lets you search for all kinds of tech jobs and engage in discussions in an online community to boot.
  2. 37Signals: Use this job board to find computer related work that fits your needs.
  3. ITLance: If you prefer to freelance, advertise yourself or find existing projects through this site.
  4. CoderCaste: Find out about jobs, read articles and join in techie talk in the forums on this site.
  5. ScriptLance: This site will help you to connect with companies that are looking for programmers.
  6. LimeExchange: Ideal for web developers and programmers, this site is full of great job opportunities.
  7. nPost: Find tech-related jobs on this site’s job feed and keep up with the latest news on the blog.

Small Jobs

Whether you need part time work, want to work from home or just need a little extra cash, these social sites will help you find it.

  1. Care.com: Find work as a nanny, tutor, housekeeper, special needs caretaker and more through this site.
  2. HireaHelper: If you’ve got some skills that can help someone out around the house, you can use this network to find a job in your area.
  3. Sitters.com: With availabilities for sitters of all kinds–from pets to houses–this site is a great place to find some part-time work.
  4. Book a Lesson: Those who want to share their skills and make a little profit at the same time can use this site to book music, sports and arts lessons.
  5. TutorLinker: If you’ve got the skills and expertise to tutor students, why not do it in your spare time? This site offers a wealth of networking opportunities to find you a job.
  6. TutorNation: Connect with students in need of a little help in their studies through this site.
  7. NannyAvailable: Those looking for a more long-term commitment can find a wide variety of nanny and au pair jobs on this network.
  8. OneHourTranslation: If you know more than one language, don’t let your skills go unused. Check back with this site frequently to find quick translation gigs.

Miscellaneous

From niche job sites to helpful job search tools, these sites are well worth a visit.

  1. Inovahire: Prefer to interview online? This innovative site gives you the option of meeting with employers right on the web.
  2. LayoffSpace.com: Out of work? You’re not alone. This site lets you talk to and network with others who are in the same boat.
  3. SkillWho: Show off what you can do with this online community designed to let professionals showcase their years of experience, education or whatever else lets them stand out.
  4. TalentSpring: Enter your skills and expertise into this network and it will match you up with employers looking for those qualities and abilities.
  5. TwitHire: This site proves that Twitter can be a valuable tool in finding a job, letting you track job listings sent out through the site.
  6. WhotoTalkto: Want to work for a particular company but aren’t sure who’s important enough to get you a job? This site will show you the way.
  7. FindLaw: Use this site to find law jobs aplenty and learn about lawyers and firms in your area.
  8. LatPro: Hispanic job hunters who are bilingual can put their skills to use through the postings found on this site.
  9. YourOnRamp: Designed with moms in mind, this social network helps women who want to return to the workforce do it in style.
  10. MedHunting: Use this site to connect and search for medical jobs in a wide range of fields.
  11. PoliceOne: Not finding police work in your area? Try out this search tool to find where the best law enforcement jobs are and to read more about the field in general.

I hope that some of you found the list helpful.

Until next time....

Good Luck and Good Job Seeking!!!!!!!!

 

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!!!!!!!

 

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!!!!!!!!!!

 

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!!!!!

 

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!!!!

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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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!!!!!!!!

 

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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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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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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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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BioCareer Advice: Putting It All Together for a Successful Job Interview

I previously have written about various aspects of the interviewing process in the life sciences industry. While I had written on various aspects of interviewing, I never assembled all of the pieces into a single post to give job seekers a complete view of the entire process. To that end, I came across a great post authored by Megan Driscoll, Founder and President of PharmaLogics Recruiting, a life sciences recruiting and placement firm.

It is a multi-part piece. That said, please click here to read the entire post. Megan offers an outstanding roadmap of what bioscientists ought to expect as they wind their way from the interview process to the offer stage of the job search process.

Hat tip to Megan

Until next time...

Good Luck and Good Job Hunting!!!!!

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Comedy as an Alternate Career Choice for Life Scientists?

Let’s face it; scientists aren’t generally regarded as being funny. While I have met several very funny researchers during my almost 35 year career, the vast majority of my colleagues have been mostly serious and, at times, difficult to amuse; especially when things weren't going so well in the lab.

I consider myself to be a funny guy. And, hanging out and playing softball with Larry David, co-creator of Seinfeld and star of Curb Your Enthusiasm, for three years while a postdoc at Columbia Medical School convinced me that I have some talent. However, while I have often fantasized about a career in comedy, I never had the courage to turn in my lab coat and give it a try. The same can't be said about Tim Lee; a card-carrying PhD-trained biologist who after realizing laboratory research wasn’t for him decided to embark on a career as stand up comedian.

While Powerpoint presentations (modeled after scientific seminars) serve as the centerpieces of his stand up routines, Tim is also exploring other comedic vehicles to help him continue to make a living as a stand up comic. As he told BioCrowd co-founder Vincent Racaniello and I in a recent podcast that we did with Tim before a mid-week stand up gig in San Francisco, 'you gotta lead with your strengths."

Tim has been working as a comedian for the past seven years and, much to his surprise and pleasure, is "making more than he would have if he had chosen to do a postdoc after completing his PhD degree." Tim's star is rising and was recently featured in a New York Times article entitled “Did You Hear the One about the Former Scientist.”

Vincent and I had a wonderful discussion with Tim about his difficult decision to abandon science and what it feels like to embark on a new career (that you didn’t spend 10 years training for!) He still takes science seriously and frequently peruses journal articles and other scientific sources for material. And, for the record both Vincent and I thought Tim was pretty, pretty good (as Larry David would say) at what he does!.

To listen to the podcast and to see a video of one of Tim’s stand up routines visit BioCrowd!

Until next time...

Good Luck and Good Job Hunting (the comedy clubs can use a few more good scientists)

 

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US Pharma Layoffs Continue as Companies Increase the Size of Asian Operations

Pfizer today announced that it’s looking to increase its sales force in China to 3,200 by the end of next year, up from about 2,300. The company expects to have sales representatives in about 250 Chinese cities by the end of 2011. It presently has a sales presence in about 185 cities. Previously, Pfizer it will cut nearly 20,000 jobs as part of the Wyeth merger. Over the pass several years more than 50,000 US pharma sales reps have lost their jobs.

Eli Lilly said last fall that it would continue to hire in China, even as it cuts jobs in the U.S. and other developed markets. Novartis is also making a big push into China, hiring hundreds of workers and spending $1 billion to expand a research center in Shanghai.

With business tough in developed markets, drug makers are counting on the developing world for growth and are expanding into biotechnology and generic drug manufacturing.

Like it or not, the emerging markets in China, India, Brazil and elsewhere represent a substantial upside whereas markets in the developing world are becoming less profitable. Drug companies, like most other large multinational companies, always will follow the profit stream not matter where it takes them or at what cost to the folks at home.

Until next time...

 Good Luck and Good Job Hunting (Try China, I hear they are looking for sales reps)

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Update: Tracking Pfizer's Job Cuts and Other Layoffs

It is getting difficult to keep track of the job cuts that are happening almost daily at Pfizer. A quick perusal of the job cuts to date indicate that the company has eliminated about 1200 jobs in the past week; 680 in Pennsylvania, 400 in New Jersey and 116 in Rockland County, NY (where I grew up!). While there is currently a lull in activity, I suspect additional job cuts will be forthcoming in the near future.

Merck earlier announced that it was slashing about 500 jobs in New Jersey which continues the ongoing carnage that the NJ pharmaceutical workforce had to endure over the past three years.

Meanwhile, in New England, Charles River Laboratories International announced that it is suspending operations at its Shrewsbury, MA facility by the middle of this year. Approximately 300 workers will be losing their jobs at the facility that focused on preclinical drug development.

Despite claims that the US economy is improving, life sciences layoffs are continuing and job growth is much slower than expected. While some economists aren’t that surprised, I would be nervous and exploring my options if I was employed at a life sciences company!

Until next time...

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

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More Pharmaceutical Industry Carnage: Pfizer Cuts 680 Jobs in Pennsylvania; More Likely

Just when you thought that holding on to a job couldn’t get any worse, Pfizer formally announced yesterday that it would be eliminating 680 jobs from a combined workforce of 4,500 at two former Wyeth facilities in Pennsylvania. According to a company spokesperson, 450 of the layoffs would come from Collegeville and 230 from Great Valley. They will take effect March 12. Persons affected by the layoffs will each qualify for a separation package that will include severance payments, continued medical benefits, and help finding a new job via outplacement services.

While some layoffs were expected, they were much greater than some state legislators were led to believe in earlier discussions with Pfizer. And this isn’t likely to be the end of corporate reorganization at Pfizer PA-based facilities. This is because Pfizer is shutting down the Great Valley facility. There is speculation that after this round of layoffs that the 670 remaining Great Valley employees will be transferred to the Collegeville site or other Pfizer locations. And, it is likely that more Pfizer employees will lose their jobs because Pfizer previously announced that it intended to eliminate as many as 15% or 20,000 jobs after its $68 billion acquisition of Wyeth.

Over the past several months, Pfizer, Eli Lilly, AstraZeneca, Johnson & Johnson and GlaxoSmithKline have announced more than 40,000 job cuts which have devastated the pharmaceutical workforces in Pennsylvania, New Jersey and Delaware. 

Until next time...

Good Luck and hmmmmmm...are there any pharmaceutical jobs left to hunt for?

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Medicare is Offering Bonuses to Digitize Medical Records

Officials for the Centers for Medicare and Medicaid Services announced on Wednesday that the agency plans on distributing billions in stimulus monies to upgrade the nation’s paper medical records to electronic ones. Under the proposal, doctors and hospitals that keep UPDATED electronic medical records (EMR) of their patients could receive bonus payments for using EMR-based software systems. While the proposal that was floated is not definite, it was posted to the agency’s website and is open for public comment for 60 days before the final guidelines are issued. 

According to agency spokespersons, healthcare professionals (HCPs) who use EMR for 80 per cent of their medical instructions could receive bonus payments. This means that HCPs would have to provide patients with printouts of their medical history and use computers for potential drug-drug interactions. Further, hospitals would be required to complete 10 per cent of medical orders electronically. Separately, the agency laid out technology standards that EMR software should meet to qualify for the program.

Although technology standards for government-based EMR systems have now been delineated, similar standards for private sector EMR keeping systems have yet to be clearly enunciated by the government. Many hospitals and HCP organizations hastily threw together EMR plans to qualify for stimulus monies that were disbursed early last year. Unfortunately, at present, there is still no general consensus on the software platforms and middleware programs that will need to be developed so that different EMR systems can communicate with one another! Consequently, the national drive to digitize paper medical records is occurring in a haphazard and piecemeal fashion. To realize improved efficiencies and cost savings, I contend that general guidelines ought to be issued before too much private sector work goes on. Allowing the private sector to dictate technology standards may not be in the best interest of a national EMR effort. Nevertheless, as I mentioned an earlier post this week, healthcare informatics is one of the fasted growing industries in the US!

Until next time...

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

 

Healthcare Informatics Staffing Shortages Predicted For 2010

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.

Finally, a group of bioinformatics and genomics PhD students and postdoctoral fellows approached me to help them find sponsors for a Health Informatics Career Development symposium that they are trying to develop for the 2010 Intelligent Systems for Molecular Biology (ISMB) conference that will be held in Boston, MA from July 9-13, 2010.  

If you are interested in sponsoring the HCI symposium please contact me.

Until next time...

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

 

The State of Massachusetts Offers Tax Incentives to 28 Life Sciences Companies to Sustain Its Biotechnology Workforce

Governor Deval Patrick and the Massachusetts Life Sciences Center announced today that the Center’s Board of Directors has awarded $25 million in Tax Incentives to twenty-eight life sciences companies. The companies receiving tax incentive awards have committed to creating a combined 918 new jobs in the Commonwealth over the coming year. The companies that received awards include many of state’s largest biotechnology companies e.g. Biogen, Genzyme, Sepracor and Cubist, as well as some smaller private and public ones (see below) 

  1. Alnylam Pharmaceuticals, Inc. (Cambridge) — $300,000
  2. Biogen Idec MA, Inc. (Cambridge) — $1,500,000
  3. Constellation Pharmaceuticals, Inc. (Cambridge) — $513,252
  4. Cubist Pharmaceuticals, Inc. (Lexington) — $1,740,000
  5. Dyax Corporation (Cambridge) — $100,000
  6. Facet Solutions (Hopkinton) — $300,000
  7. FoldRx Pharmaceuticals, Inc. (Cambridge) — $510,000
  8. Genzyme Corporation (Cambridge/Framingham) — $6,000,000
  9. GTC Biotherapeutics, Inc. (Framingham) — $300,000
  10. Hologic, Inc. (Bedford) — $220,000
  11. Infinity Pharmaceuticals, Inc. (Cambridge) — $540,000
  12. InfraReDx, Inc. (Burlington) — $630,000
  13. Interlace Medical, Inc. (Framingham) — $300,000
  14. Lightlab Imaging, Inc. (Westford) — $188,951
  15. Merrimack Pharmaceuticals, Inc. (Cambridge) — $1,500,000
  16. Morgan Advanced Ceramics, Inc. (New Bedford) — $570,000
  17. NeuroMetrix, Inc. (Waltham) — $300,000
  18. Nova Biomedical Corporation (Waltham) — $300,000
  19. OmniGuide, Inc. (Cambridge) — $540,000
  20. Organogenesis (Canton) — $245,240
  21. Pharmasphere, LLC (Worcester) — $360,000
  22. Sepracor, Inc. (Marlboro) — $750,000
  23. Shire Human Genetic Therapies, Inc. (Lexington) — $6,277,057
  24. STD Med, Inc. (Stoughton) — $121,000
  25. Still River Systems, Inc. (Littleton) — $300,000
  26. TEI Biosciences, Inc. (South Boston) — $27,000
  27. Tolerx, Inc. (Cambridge) — $300,000
  28. Zoll Medical Corporation (Chelmsford) — $267,500

While the tax breaks are a great way to insure that the 28 companies that received them will remain and continue to do business in Massachusetts, creation of only 918 new jobs in exchange for $25 million in tax incentives doesn’t seem fair to me! I guess beggars (state governments) can be chooser in the current economic climate.

Until next time...

Good Luck and Good Job Hunting (try MA, there may be one or two opportunities there)

 

Calling All R&D Scientists: AstraZeneca Appears To Be Hiring!

I think the economy must be improving because I am beginning to receive e-mail blasts from big pharma companies like Roche and AstraZeneca that they are hiring again (Please see the e-mail message below).  This may be a good sign for R&D scientists who have been struggling to find gainful employment.

In the spirit of full disclosure I have never worked nor am I am employed by AstraZeneca and I am not being compensated for this advertisement. I am simply a nice guy trying to help out my fellow scientists (hmm, I recall hearing something about nice guys.....)  However, I must warn you that just because companies advertise that they are hiring doesn't always mean that they really are.  Please keep that in mind when you apply for positions that AZ is advertising.

 

AstraZeneca


New R&D career opportunities at AstraZeneca.

At AstraZeneca, your research and development experience can make a world of difference. That's because you'll be a part of a leading global pharmaceutical company with one of the most influential portfolios of innovative pharmaceutical brands. We continuously challenge, discover and develop new medicines in order to improve the quality of people's lives. It's an ongoing quest that involves the talent, ideas and growth of all our professionals, as we strive to advance the future of healthcare.

Today, we're seeking qualified candidates to join our passionate culture in our Research and Development area. It's your opportunity to utilize your expertise for a greater purpose, while you're supported every step of the way. We encourage knowledge, respect growth and believe that there's always more to learn. It's one of the reasons why you'll become colleagues with some of the most talented and experienced professionals in the industry.


As part of the Monster research and development professionals network, we invite you to learn more and apply for one of our research and development opportunities today.

Sincerely,
The AstraZeneca Human Resources team


Learn More & Apply


If you would like to stay current on AstraZeneca, you can sign up to receive more information here: www.IWantToAdvanceMyCareer.com

AstraZeneca is an equal opportunity employer.

 

Good Luck!!!!!

Tis the Season To Be Jolly: Not at Sanofi Aventis!

Sanofi Aventis asked it entire sales force to remain at home the Monday after Thanksgiving to wait for a phone call to see whether or not they still had jobs. Nice way for the affected employees to spend Thanksgiving, eh?

Sanofi-Aventis is laying off an unspecified number of US sales reps, as the firm restructures because of generic exposure on some of its lead products including its blockbuster anti-clotting drug Plavix. The layoffs are part of a transformation that began last year, shortly after new CEO Chris Viehbacher took charge at the company. At the time, Sanofi-Aventis announced plans to cut 10% or less of its 6,500 US reps. According to a post at BNET, the company currently employs about 5,600 reps. Those laid off will get three weeks’ base pay per year of service, up to a maximum of 78 weeks’ base pay.

A company spokesperson said “Sanofi-Aventis U.S. is continuing to evolve in order to deliver greater value to our customers in a rapidly changing business climate. This includes changes to our sales force to better correspond with market dynamics and customer needs. As a part of our continuing transformation, we have identified areas where we will prioritize sales support and others where reductions are necessary.”

Sanofi joins a growing number of pharmaceutical companies that made it something of a tradition to layoff employees immediately before or during the holiday season. I guess company executives believe that the blow may be less devastating if the ex-employees get to spend more time with their families during the holidays. Unlike most corporate executives who are paid millions when they are fired, many laid off pharmaceutical companies will have a tough time finding new employment opportunities in the rapidly shrinking US pharmaceutical job market. At last count, about 59,000 pharmaceutical employees lost their jobs in 2009. Don’t be surprised if more pharmaceutical layoffs are announced in the coming weeks.

Until next time...

Good Luck and Good Job Hunting??????

 

And Now for Something Completely Different: North Carolina-based Talecris to Add 259 Biomanufacturing Jobs

Talecris Biotherapeutics announced that it will add 259 jobs as part of a $269 million expansion of its manufacturing facility in Clayton, NC. The RTP-based biotech company already employs more than 3,000 people world wide (2000 in the Raleigh-Durham area and 1,500 in Clayton) and plans to use the 259 new hires to staff its newly expanded manufacturing facility at the Clayton site. The jobs being added will have an average annual salary of $51,066, excluding benefit substantially higher than the salaries of other non-biotech employees in the area.

The company manufactures and sells Prolastin an FDA-approved protein therapy, delivered via a plasma infusion, for patients who have alpha1-antitrypsin (AAT) deficiency, which can lead to emphysema. Talecris, was formed in 2005 when private equity firms Cerberus Capital Management and Ampersand Ventures purchased Bayer AG’s plasma division for $300 million. The company was sold last year to Australia’s CSL, Ltd last year for $3.1 billion and raised $950 million in an initial public offering of stock on this past October.

 

Pfizer/Wyeth Layoff Update

After announcing yesterday that it will be reorganizing and closing 6 of 20 R&D sites worldwide, Pfizer/Wyeth announced today that as many as 2000 R&D scientists will lose their jobs. I suspect that others will lose their jobs in the next few months or so.

The Pfizer/Wyeth and Merck Schering Plough mergers signal the beginning of the end of the traditional vertically integrated pharmaceutical business model. It is evident that pharma is shifting away from its almost 100 year focus on R&D and manufacturing to less labor intensive and costly activities like advertising, marketing, sales and distribution—things that drug makers have excelled in the past decade or so. Innovation will likely no longer come from within but from external sources including academia, biotechnology companies and third party vendors including CROs and CMOs.   

While the loss of thousands of R&D scientists will have little impact on the productivity and operations of life sciences companies themselves, it has serious implications for academic institutions that train life sciences graduate students and postdoctoral fellows. In the past, PhD scientists who were unable to find academic jobs too refuge and found gainful employment in the life sciences industry. However, American industrial R&D jobs are becoming harder and harder to find as larger companies continue to outsource those activities, to Asia, South America and Eastern Europe. And, the competition for the remaining jobs is becoming increasingly fierce. Put simply, academic institutions have to begin to realize that we no longer need as many PhD-trained life scientists as we have in the past. At present, there is a glut of PhD life scientists in the US, many of whom can’t find jobs. Perhaps, this should be taken into account before graduate school admissions committees determine the number of new graduate students they will admit next year.

Until next time...

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

 

Pfizer/Wyeth Announces Plans to Consolidate and Reduce R&D Activities at Collegeville, PA and Pearl River, NY Sites

Employees of Pfizer/Wyeth were notified earlier today of impending changes and consolidation that will be taking place at the newly combined company. According to internal sources, Cambridge, MA, Groton, CT and Pearl River, NY will be the main centers of the combined company’s East Coast operations and San Francisco and La Jolla/San Diego CA will represent West Coast operations. In Europe, the research facility in Sandwich, England will be the main R&D center with a network of smaller sites, in locations such as Montreal, Ottawa, Cambridge UK, Aberdeen UK, and Dusseldorf, Germany providing expertise in vaccine production and biomanufacturing. The company’s China R&D Center in Shanghai will remain the focal point of operations in Asia,

There will be substantial reductions in headcount and the company’s R&D footprint. These include:

  • The former Pfizer headquarters in New London, CT, which will be consolidated into the nearby Groton, CT site. Functions currently located at New London will be relocated to Groton
  • Elimination of all R&D activities at Princeton, NJ; Sanford and the Research Triangle Park, NC; Chazy, NY; Rouses Point and Plattsburgh, NY; Gosport, Slough and Taplow, UK
  • R&D activity will be substantially reduced at the Collegeville, PA and Pearl River, NY sites. Pearl River will remain a center for vaccine and biopharmaceutical development

I suspect that many of the employees who will lose their jobs as a result of the consolidation have already been or will be notified shortly of their fates. It is unfortunate that pharmaceutical companies continue to lay off thousands of employees when the US unemployment rate continues to rise and will likely hit 12 to 13 percent before it is all said and done. As expected, the combined company is reducing its US R&D operations and will likely outsource or purchase these activities from external sources. It is not a good time to be an American R&D scientist.

Until next time...

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

 

Alternate Careers for PhDs: So You Think You Want to Be a Consultant?

Over the past year or so, more graduate students and postdoctoral fellows have been asking me about management consulting careers in the life sciences. I spent several years working as an independent management consultant and while it was a great experience the revenue stream was unreliable at best and the ability to work was highly contingent upon the economy. However, I can assure that my experiences as an independent management consultant were marketing different than those of consultants who work at the consulting firms like McKinsey or the Boston Consulting Group. For those of you interested in life style of a high-powered management consultant I highly recommend you visit their websites for more info. 

I invited Susan Colilla, PhD, MPH, President of the consulting firm Integrative Epidemiology LLC describe her experiences about becoming a life sciences consultant so that BioJobBlog job readers (who may be considering this as a career option), might get an idea and appreciate what it takes to get into and be successful in this line of work.

My Life as a Life Sciences Management Consultant

by Susan Colilla

After doing a second postdoc at University of Pennsylvania as an Instructor (nebulous junior non-faculty type position) and becoming frustrated with all the extensive work requirements for a tenure-track position, I started searching for a job in pharmaceutical industry.

While searching for a position, a potential employer, who didn’t have an opening at the time, asked if I would be interested in consulting.  As I was interested in this area, I started consulting for industry and realized that I enjoyed working on different projects in epidemiology and genetics, and loved that I could work from my home office and give up a commute. 

The flexibility in consulting is great.  I plan the work around my schedule, and the pay has been rewarding as well.  Last year, I formally incorporated my business, Integrative Epidemiology, LLC.  I offer services in literature reviews, study planning/design, data analysis and grant or manuscript writing in the areas of human genetics or epidemiology. 

As I build my business, I have learned about how to run a business, bookkeeping/billing, taxes, legal issues/contracts, and marketing.  Moving from academia to pharma/industry is tricky unless you have connections with those who hire in the industry.  One of the biggest challenges for me as a self-employed consultant is dedicating a good proportion of my time to networking with others and marketing my services, rather than doing science-related work.  It helps that I am very social by nature and enjoy meeting new people.

 I am also fortunate to be married to someone who makes a good income and receives benefits as this helps support our family.  There can be a sporadic flow of income with consulting, especially during a recession and new business slows down.  I have also partnered up with another consulting group (Venebio, LLC, based in Richmond, VA) to expand the pool of potential clients and work with a group of scientists to offer a broader range of services. 

For those of you who want to learn more about getting into the consultant business, Susan highly recommends an article that recently appeared in the Scientist. She shared with me that the article offers a great list of things to consider before starting a consultancy and that she “wished that she had seen it a couple years ago when I started out in this business!”

Until next time...

Good Luck and Good Job Hunting!!!!  

 

Merck Giveth and Johnson and Johnson Taketh Away

I am attending the Annual Biomedical Research Conference for Minority Students (ABRCMS) in sunny Phoenix, AZ where I will be providing career development guidance to undergraduate and graduate students. Ironically, given the dismal job prospects in the life sciences industry for entry level employees, I will be giving a talk on how to find a job!  Last year's meeting in Orlando was a great one and I expect this one to be just as good.

While I am on the road, it doesn't mean that I won't be keeping track of the goings on back in my neck of the woods. To that end, Merck announced today that it will keep Schering Plough's corporate headquaters in Kenilworth, NJ open. Merck announced the decision today after closing on the $7 billion deal yesterday. This is good news for the NJ residents who currently work at the Kenilworth site. New Jersey has been extremely hard hit by all of the pharmaceutical layoffs in the past few years. Unemployment continues to rise and things will not get any better since conservative Republican Chris Christie was elected governor on Tuesday (he plans on laying off massive numbers of state employees) once he takes office in 2010.

Johnson and Johnson, on the other hand, announced that it was closing research & development facilities in Radnor and Chesterbrook, PA and consolidating those operations at the company's Spring House site. The New Brunswick, N.J., company would not say how many jobs are at those locations now or how many would remain in Spring House after the move, which is to be completed by 2012. These closure come shortly after JnJ announced earlier this week that is was elimating ca 8,200 employees or roughly seven percent of its global workforce.

Let's hope that things begin to improve soon. 

Hat tip to the Pharmalot blog!

Until next time....

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

 

 

 

Skills to Learn While Unemployed to Make Yourself More Employable

As somebody who has been unemployed more than once, unemployment can be depressing, very frustrating and extremely worrisome.  In addition to sending out resumes and networking, I highly recommend using the free time that you have at your disposal to learn new skills to either make your life more manageable or to increase your employability.  Obviously, unemployed persons usually don’t have the money to enroll in formal training programs but thanks to the Internet and social media there are a variety of free tools and options out there for people looking to pick up new skill sets. 

Amber Johnson at OnlineDegreePrograms.org has put together a list of 100 skills you should learn (for free) while unemployed. While many of her suggestions are intuitive, there are a few on the list that may surprise you and quite possibly improve your chances of finding a new job!

100 Skills You Should Learn (for Free) While You’re Unemployed

People Skills and Networking

Become a better networker, small talker and listener to improve your job prospects.

  1. Listen: Become a better listener by tuning out background noise and making eye contact.
  2. Build a portfolio: Have an organized hard copy and file on your computer that succinctly and accurately represents your best work.
  3. Share the conversation: Don’t dominate the conversation: learn to take a step back when you’ve said your part, and know when to jump in if the conversation becomes all about them.
  4. Understand your emotional intelligence: Become more socially aware and learn to evaluate your own emotions and reactions.
  5. Bring personality to a company: Being able to provide something that people can relate to behind the big corporate name is priceless.
  6. Make your resume Internet ready: Make sure your updated resume will display nicely when you e-mail it and post it on job sites.
  7. Set an example: Learn how to inspire others by doing what you love, being expressive, and helping others along the way.
  8. Expand your network: Tap into contacts two or three degrees removed from your regular network.
  9. Network or interview on the phone: Stop working on your in-person networking skills for a minute and remind yourself how to win someone over via the telephone.
  10. Give a strong handshake: Impress people with your confidence by giving a better handshake.
  11. Remember people’s names: From face association to repetition, there are various ways to remember a person’s name.
  12. Know when and how to use icebreakers: Become the one other people depend on to make connections and feel comfortable.
  13. Make a point to grow existing relationships: Don’t just get to know people on the surface: get to know business and personal contacts on a deeper level.

Life hacks

From making your own coffee to saving gas, here you’ll learn valuable skills that save you money, too.

  1. Make your own coffee: Cut back on expensive coffee runs by learning how to make your own cup.
  2. Comparison shop: Comparison shopping will save you money and turn you into a more responsible consumer and better product researcher.
  3. Learn how to be more energy efficient: Save money on energy bills at home and at your new office when you get hired again.
  4. Save gas: Minimize the number of times you have to spend money on gas by making each fill up last longer.
  5. Eat cheaply: Watch this video to learn how to make yummy meals out of dollar-store food.
  6. Discover your life purpose: Discover how to tap into your life purpose and passion to give you more direction in your job search and life goals.
  7. Face reality: Accepting and dealing with reality will help your career and your personal life.
  8. Cook: While you have the time, learn to cook healthy, budget-friendly meals for yourself, and use leftovers.
  9. Being positive: Stop complaining and turn yourself into a positive thinker.
  10. Meditate: Meditation will help get you through the tough times.

Productivity and Task Mastering

Stay productive and learn to stay on task, avoid procrastinating and set goals even when you’re unemployed.

  1. Get up on time: Learn how to get up right when your alarm goes off to get a fresh, productive start to the day.
  2. Funneling: The art of funneling means that you know how to manage incoming projects and to-do lists, and prioritize them accordingly.
  3. Speed reading: You’ll be able to stay on top of industry reports, news stories, job postings and more when you learn to speed read.
  4. Break things down: Turn difficult tasks into easier ones by breaking them down and taking it day by day.
  5. How to set goals: Setting goals will help you be more successful, in the short-and long-term.
  6. Overcome fear of failure: Fear of failure wastes time and prevents you from doing what you really want.
  7. Beat procrastination: This step-by-step guide will help you beat procrastination.
  8. Prepare a to-do list: A well-organized to-do list will keep you on track and save time.
  9. Learn the Pomodoro Technique: Those who are anxious about meeting deadlines should master this technique.
  10. Eliminate distractions: Learn how to tune out distractions and interruptions.

Continue Reading...

Johnson & Johnson Announces it Will Cut 8,200 Jobs

Johnson & Johnson announced today it would eliminate as many as 8,200 jobs, or 7% of its work force, to help the company cope with what it expects will be a slow economic recovery amid damped demand for drugs, medical devices and consumer products. J&J employs about 117, 000 workers globally. While the job cuts will be global, many losing their jobs will be outside of the US. 

J & J joins a growing list of pharmaceutical and life sciences companies that have announced new layoffs. Pfizer Inc., the world’s biggest drugmaker, plans to fire 19,000 workers following its acquisition of Wyeth and had already cut 10,000 positions since 2007. J&J began firing as many as 4,400 employees from its pharmaceutical and stent divisions in late 2007. Finally, Merck recently announced that it will be eliminating 16,000 workers after its merger with Schering Plough closes later this year.

J&J’s announcement is more bad news for New Jersey which is still reeling from the earlier loss of tens of thousands of pharmaceutical and life sciences jobs.

Until next time...

Good Luck and Good Job Hunting (forget New Jersey)

 

Hot Off the Presses: Roche is Hiring R&D Scientists???????

I was sitting around minding my own business (well sort of) and I received the following e-mail message. People must be reading BioJobBlog or something!

In the middle of the worst national job market since the early 1980's, Roche Pharma Research in Nutley, New Jersey is hiring. Specifically, this world class R&D center is seeking to hire 40 scientists to strengthen its research efforts to develop drugs to combat inflammatory diseases like arthritis and asthma.

In addition to Inflammation, Nutley continues to be the headquarters for Roche's Oncology Disease Biology Area, as well as RNA Therapeutics (an emerging area in understanding how genes are turned on and off in cells).

Focusing on drug discovery and non-clinical development, the site has a long tradition of discovering innovative new medicines.

Marcie Geremakis of Roche HR is available to discuss the efforts to recruit the new scientists and why Nutley is an outstanding environment for scientists.  A number of scientists are available to discuss the following:

  • Roche's cutting edge scientific approaches to drug discovery focused on meeting the demands of the emerging need for personalized healthcare.

  • Roche's intent to provide its scientists with the environment necessary to push forward novel ideas while challenging old paradigms.
  • The ability to use state-of-the-art technology and collaborate with Roche's world class scientists across the globe engaged in biomarker discovery, novel biologics platforms, RNAi and diagnostics.

With well over 100 projects in research and more than 60 New Molecular Entities in development, Roche’s pipeline is among the best in the pharmaceuticals industry.

Please call me at 212-468-4306 or e-mail me at jillian.chertok@mslworldwide.com if you would like any additional information, or are interested in scheduling a time to speak with Marcie or one of the scientists at Roche. 

I must disclose that I have no financial arrangement with this agency nor have I ever done business with them before.  But, I figured if there are jobs to be had in this economy I ought to pass them on to folks who are looking.

Until next time...

Good Luck and Good Job Hunting!!!!!

Yes--There Is Life After Being Denied Tenure!

Cliff Mintz, BioCrowd co-founder and the mastermind behind BioJobBlog, is featured today in an online article at the Science Careers website entitled “Life After Rejection.” The piece was expertly crafted by Siri Carpenter, PhD a free lance science writer based in Madison, Wisconsin— coincidentally, the institution that awarded me my PhD. 

Being denied tenure as an Assistant Professor of Microbiology and Immunology was one of the most devastating events in my professional life. It literally took me over 10 year to come to terms with the implications of the decision. But, I am here to tell you (and in the article) that there IS life after being denied tenure; and in many ways, it is quite liberating. My tenure denial empowered me to explore careers that were previously closed to me as an academician and perhaps, more importantly, to find out who I am and what I really wanted to do with the rest of my life!

Don't get me wrong; it still bugs me that I wasn’t awarded tenure—mostly because being refused tenure implies that you “weren’t smart enough” to make it in academia. Not surprisingly, the “not-being-smart-enough label” doesn’t do much for a person’s self esteem and, many who are denied tenure (including me) tend to view themselves as abject failures in the eyes of their colleagues and friends.

However, looking back, being denied tenure was probably one of the best things that had ever happened to me. Truth be told, I would have been a lousy academic. I am too social and entrepreneurial to have flourished in a system that is rigid, parochial and not conducive to change.  That said, if I sound bitter and a bit envious of those who were granted tenure, you are correct!  After all, who wouldn’t be envious of  people who come and go as they please, don’t have to answer to a boss and are guaranteed a job for life; regardless of their social skills, academic performance or contribution to education?

The point that I want to make is that being denied tenure is an emotionally devastating and traumatic event that nobody ought to experience. However,  if  you should to find yourself in the uncomfortable position of being denied tenure, please remember to continue to believe in yourself, don't give up and, as corny as it may sound, "follow the advice of your heart" when making your next career move!

Until next time....

Good Luck and Good Job Hunting!!!!!

The Changing Face of Pharmaceutical Sales: AstraZeneca Offers Its Entire Sales Force a Buyout Option

The Pharmalot Blog reported today that AstraZeneca offered all of it sales representatives—numbering 5,000-6,000—a buyout option. However, AstraZeneca prefers to avoid the term buyout and instead instructed its reps to ’self identify’ whether or not they want a package to leave the company. According to the post, an AstraZeneca spokesman declined to discuss how many reps it would like to shed, but did provide this statement:

“AstraZeneca is making changes to our sales force, which will be managed first by looking at vacancies and offering field sales employees the opportunity to self-identify whether they are interested in leaving the company. We will know the full scope of the changes in the coming weeks.”

Like many other pharma companies, AstraZeneca will lose $11.1 billion in patented-protected revenue by the end of 2012 and face stiff generic competition.

Pharma sales reps, like R&D scientists, have been facing tough times over the past three years or so. In the late 1990s, pharma companies hired massive numbers of reps, only to realize several years later, that increasing the number of reps didn’t necessarily translate into increase drug sales. The economic downturn, coupled with projected loss of revenues due to patent expiry of blockbuster drugs over the next few years, provided pharma with an opportunity to downsize. Finally, the growing use of web-based strategies to educate physicians, contract sales forces and a diminishing number of products led to the demise of the pharma rep as we know it.

My recommendation to downsized reps is to get some biotechnology training or device/diagnostic training and to try and leverage previous experience into sales jobs at biotechnology and devices companies. Both industries have enormous growth potential and the transition from pharma to them shouldn’t be all that onerous.

Until next time...

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

 

Around the Industry: Layoffs and Closures

The fourth quarter is over, earnings are being announced and new budgets for the upcoming fiscal year are being evaluated and tweaked. This means that we have officially entered layoff and closure season. Isn’t it great that big companies wait until right before the holiday season to let employees know whether or not they will have a job next year?

That said, two companies, Bristol Myers Squibb (BMS) and Pfizer/Wyeth are the first to kickoff the 2009-2010 season.

BMS announced that it will lay off 25% of its Abilify sales force. This comes only six months after the drugmaker extended its contract with Otsuka Pharmaceutical to market the anti-psychotic and depression drug. Abilify is BMS’s second best selling medication after Plavix that is co-marketed with Sanofi-Aventis. Otsuka developed the drug and BMS markets and distributes it in the US and several European counties.

Abilify loses patent protection in 2012 and faces stiff generic competition in the anti-psychotic and depression markets. A BMS spokesperson declined to say exactly how many reps would be losing their jobs. However, according to a post on the sorely missed and recently resurrected Pharmalot blog there is speculation that Otsuka may hire some of the layed off BMS reps.

In other news, Pfizer/Wyeth announced that it will be closing its facility in Bridgewater, NJ but expanding operations at its Peapack-Gladstone, NJ location. The Bridgewater facility employs 300 people, 100 of which are involved in technology.  The company announced yesterday that it wouldn't be shutting down Wyeth's Collegeville, PA headquarters.

Over 120,000 employees have been laid off by pharma companies in the past three years, many of whom lived and worked in New Jersey.  Unemployment in NJ is hovering around 10%.

Stay tuned for more updates.

Hat tip to Ed at Pharmalot

Until next time...

Good Luck and Good Job Hunting!!!!!

 

Wyeth-Pfizer Merger Jobs Update: Wyeth's Collegeville, PA Headquarters Will Remain Open

In a previous blog post, I suggested that there was much speculation about whether or not there would be substantial job losses at the various Wyeth sites throughout Pennsylvania after the Wyeth-Pfizer merger closes. As you may recall, company representatives were assuring Pennsylvania legislators that major job cuts and site closure weren’t likely. 

Yesterday, Bernard Poussot, president of Wyeth Pharmaceuticals, sent a message telling employees the company’s Collegeville Headquarters, which employs about 4,000 people, would remain open after the deal closes on October 15, 2009. The fate of employees at other Pennsylvania-based Wyeth facilities remains uncertain.

While this may be good news for some employees at the Collegeville site, it is likely that a substantial number of jobs will be shed after the deal closes. Previously, Pfizer suggested that the combined company intends to shed about 20,000 jobs. I guess the good news is that all 4000 Wyeth employees won’t be losing their jobs!

Until next time...

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

 

Its Official: Health Informatics is One of the Hottest New Career Options for LIfe Scientists

I don’t want to brag but I have been touting career options in health informatics and health information technology (HIT) for the past year or so. Today, I came across a post by CareerBuilders declaring health informatics and HIT are the hottest new career trends to hit the market in recent years. 

As the drive towards digitizing medical and healthcare records continue, there will be literally thousands of job opportunities for people with the right skill sets. Getting a nursing degree is one of the steps to achieve a great career in health informatics!

Health informatics will put technology in place that provides hospitals and other health-care providers with access to an electronic network of vital patient information such as like medical histories and prescriptions. The information age finally meets healthcare administration.

The facts
The health informatics initiative won’t succeed unless employees — that’s you! — bring the specialized skills needed to build and expand the network. All other pieces are in place:

  • The American Recovery and Reinvestment Act of 2009 includes $20.6 billion to help providers drive adoption and development of the IT infrastructure needed
  • The U.S. Bureau of Labor Statistics (BLS) projects health information management employment to grow nearly 18 percent by 2016
  • The BLS projects a need for more than 6,000 new professionals each year through 2014 — but only 2,600 graduates have entered the field this past year 

Your opportunity
To succeed, health informatics (HIM) will demand a wide variety of specialized positions across IT and health care. It will engage conventional experience from both areas — such as registered nurses and LPNs/LVNs, or IT implementation specialists and IT project managers — if you’re looking for a new twist on your current career.

But new positions will also thrive in this hybrid field. Look for new HIM job titles in your next job search, like health IT professionals, HIM coders, HIM medical records professionals and various health informatics specialists, including trainers, researchers and analysts.

Get online to check out the job titles mentioned above and listed below for related descriptions, and see if you might need any additional training to meet requirements: 

Nursing
- Telemedicine clinical professionals

- Chief nursing information officers

- Clinical IT liaisons 

Again, getting a nursing degree is one of the steps to achieve a successful career in health informatics

Health-care administration
- Medical and health services managers

- Document scanners

- Data entry clerks

- File clerks

IT specialists
- Senior programmers

- Senior clinical analysts

- Database analysts

- Developers

- Business analysts

- Software engineers

- Data integration specialists

Not too shabby of a list! In a previous blog post I identified a variety of training options for people interested in pursuing careers in health informatics and HIT. Check it out!

Until next time....

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

 

Science Magazine Survey: American Life Sciences Companies are Some of the Best to Work for in the World

An annual survey conducted by Science magazine and the American Association has identified the 2008 top twenty life sciences employers in the world. The rankings were based on a company’s leadership, stability, social responsibility and treatment of its employees. Six of the top 10— Genentech, Gilead Sciences, Genzyme Corp., Schering-Plough Corp., Gilead Sciences are based in the US whereas the remaining four—Boehringer Ingelheim, Roche Pharmaceuticals, EMD Serono, and Millennium are headquartered outside of the US. For the first time, eight of the top 20 are located outside the United States.

In case you were wondering, Genentech was ranked number 1. This is the fifth time out of the past 6 years that the San-Francisco based company made it to the number one slot (it fell to second last year). Another notable is Massachusetts-based Genzyme which made it to the number 3 spot (out of 575 companies) for the second consecutive year. Surprisingly, Monsanto, the company that makes genetically modified seed crops, was number 2—this despite all of the negative press about genetically modified foods. Let see whether or not Genentech can retain its number 1 ranking after the Roche takeover of the company is completed.

Until next time....

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

 

Roche Cutting More Jobs at its Genentech Division

According to a report yesterday, Roche is reducing headcount at San Francisco-based Genentech by merging the information technology departments of its pharmaceutical and diagnostics divisions. The company didn’t disclose how many people would be losing jobs as a result of the consolidation.

The company previously merged all of its human resources functions and roughly 20% of HR personnel lost their jobs—although most were able to find new jobs within Roche.

A Roche spokeswoman added that the company will continue unifying its communication processes in an attempt to further reduce the size of its workforce.

Expect more announcements from Roche in the coming months.

Until next time...

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

 

Health Information Technology: The Next Frontier

In a previous post I lauded health information technology (HIT) aka health informatics as a possible new career choice for scientists with life sciences PhD degrees who also have a proclivity for software development and data base management. Shortly after I posted the piece, I happened to read an article in a local publication about a NJ-based company called the MISI Company that is at the forefront of the HIT field and developing software to help digitize American healthcare records. 

I invited Dave Roth, an MISI executive, to share his views on the future of HIT and what ought to be done to insure that e-medical records are appropriately and successfully created. BTW, for my bioinformatics and genomics friends, MISI is looking to hire a few talented men and women who are interested in HIT careers.

HIT: The Other Missing Link

by Dave Roth

Health information technology (HIT) is hot. There’s every reason to believe that HIT will play a major role in the reforms envisioned for our health care system. From President Obama announcing $5B in grants to aid medical research, to bioinformaticists developing tools for predicting genetic predisposition to diseases, to software developers working on electronic medical records (EMR) systems, HIT is a burgeoning field. What concerns people like me – read: people who are users of technology rather than the developers of it – is that all this HIT talk seems to have very little mention of us in it.

Not long ago, I wrote an article called The Missing Link in Healthcare IT: The Consumer. In it I pointed out that none of the current government definitions being proposed for "meaningful use" of electronic medical record (EMR) systems define meaningful from the healthcare consumer's perspective. I also noted that whatever rules the government establishes for receiving stimulus money for the development of HIT solutions, none of them will exclude technologists from collaborating with consumers in the development of their solutions. I posited that technologists would be doing us all a favor if they would stop to consider for a moment how their systems will affect the consumer’s experience of health care services.

I was encouraged when David Goldhill, in his cover story in the September 2009 issue of Atlantic Monthly, How American Health Care Killed My Father, wrote, “[A] guiding principle of any reform should be to put the consumer, not the insurer or the government, at the center of the system.” Goldhill’s prescription for a better health care system begins with advocating for the consumers of services and focusing on how to get the best outcomes for those consumers at a reasonable cost. He was channeling the views of many people, such as Harvard Business School professor Regina Herzlinger, who believe consumer-driven health care is the only reform that will truly be meaningful.

The growing visibility of the consumer in this debate has gotten me to thinking there is real opportunity in the HIT job market for another missing link: Consumer-centric Health IT Developers. It is a rare developer who brings to his/her craft an appreciation of the importance of understanding who you are developing for. Rarer still is the developer who is aware of and employs tools and techniques for capturing end-users’ feedback during the development process. More often than not, user-centered design (UCD) is considered a luxury that burns up time and precious dollars. This misconception is largely the result of development teams typically waiting until they are too far into the development cycle before engaging with those who will be using their creation. Inevitably, problems are discovered with the usability or utility of the system that will hinder adoption. But the problems are discovered too late to be fixed by the target launch date and/or within budget. Users/Consumers become the enemy in this scenario.

There is another way. HIT technologists should understand how and why to engage their target audience at the beginning of the development process, long before anything is actually developed. They should begin by understanding who they are developing for, what these people are looking to accomplish, and how they can best help them accomplish it. Using such techniques has been shown to actually reduce downstream development work and increase adoption. I believe technologists schooled in the techniques of consumer-centered design will be central to any successful, long-term health care reform.

Dave is Vice President and  heads MISI Company's Experience Design (XD) group - a group of strategists, experience architects, visual designers and technologists whose mission is to help ensure the success of every interaction between a business and its target audience. His career spans 30 years and includes award-winning work in documentary and corporate film/video, print advertising, and interactive software application development for computers and the Internet. Dave is a Stanford University grad, a SF 49ers fan and a member of the Single Malt Scotch Whiskey Society.

 

Considering a Science Career in Government? You Must Read This!

The bad news is that the US unemployment rate is close to 10 percent. The good news is that the government is looking for scientists at FDA, NIH, USDA, CDC, EPA and other agencies. For those of you who haven’t applied for a government job, the process can be daunting and overwhelming. To alleviate some of the pain, Cyndi Fischer, MSA at the BioCareer Center has written a post on the salient features of filling out a job application for a government job!

Capturing Your Worth in a Government Job Application 

You’d like to consider government employment but are not sure where to start. You know the government has a generous compensation and benefit plan, can offer long term employment stability, and in most cases its employees do not need to seek research grants or funding to continue their rewarding scientific work. Sounds like a dream, so why haven’t you applied? Perhaps you’ve heard that it’s hard to get a government job, that the hiring process is mysterious, slow and a confusing maze of information. While some of those concerns are valid some of the time, government employment has such positive benefits it is indeed a career path you don’t want to overlook. The most important thing to remember about applying for a government position is that all the items that appear to be drawbacks to you in the application phase, are really set in place to ensure that the most qualified candidate, hopefully you, will get the job!

So what do you need to know to ensure that you have the best shot at being considered for a coveted research position within the government? First you must apply to a vacancy announcement published by the government in order to be considered, and subsequently offered employment. Almost all government entities now use an automated system to post vacancy announcements and receive applications. The most widely used website to post vacancy announcements is USAJOBS.opm.gov. Once you have established an account on the site and placed your resume in the space available, you are ready to apply for any vacancy announcement you would like. Be keenly aware though, this is where attention to detail separates the candidates to be interviewed from the resumes in the scrap pile. The government hiring system revolves around merit. Specifically, the candidate who has the most knowledge, skills and abilities (KSA) to be successful in the vacant position should be offered the job, as the desired KSA’s for an opening are derived from the position description itself. Your role is to ensure that you capture your KSA’s as accurately as possible so that you are considered for the positions you are most qualified to hold.

If KSA’s are the key to government employment, how do you ensure you include everything that needs to be considered? In many cases this will be easy to discern as the vacancy announcement will list specific KSA questions prompting your response. If there are questions that seek specific answers, it is a requirement that you answer them or your application will not even be considered. In the event there are not specific questions presented, you must ensure you cover the likely KSA’s for that position within the body of your resume. Knowing what the KSA’s are for the position being advertised is one

Continue Reading...

Pfizer-Wyeth Merger: Pennsylvania Not Expected to Lose Too Many Jobs?

The Philadelphia Inquirer reported today that Pennsylvania state legislators, spearheading efforts to retain jobs in the state after the $68 billion Pfizer-Wyeth merger closes next month, said they were fairly confident many positions would remain at Wyeth's regional operations in Collegeville, Great Valley and other sites. Wyeth employs about 4,500 people in the region - about 3,600 in Collegeville and 900 in Great Valley and elsewhere.

One legislator told the Inquirer that "Representatives of both Pfizer and Wyeth have continued to assure us that we should not worry and they have continued to listen to the case that we have made for as many jobs as possible remaining in Pennsylvania." Pfizer, which plans to cut about 20,000 of the combined companies' 130,000 jobs, would not comment yesterday on the statement or the job situation in Pennsylvania. Gee, what a surprise!

If I were a betting man, I would say that there will be massive layoffs in Pennsylvania and elsewhere after the deal closes. Don’t be surprised if Wyeth’s Madison, NJ headquarters and its research facilities in Princeton NJ are first to get the ax. Finally, I am now firmly convinced that you can never trust a thing that a politician says.

Until next time...

Good Luck and Good Job Hunting!!!

 

Even More Consolidation in the Pharmaceutical Industry

The Belgian chemical manufacturer Solvay announced today that it had agreed to sell its pharmaceutical business unit to Abbott Pharmaceuticals for $6.6 billion. By purchasing Solvay, Abbott gains access to emerging markets in Eastern Europe and Asia along with new therapeutic areas, including hormone therapies and vaccines. Solvay's flu vaccine Influvac will give Abbott an entrant in the burgeoning vaccines market, which is currently dominated by European pharmaceutical giants like GlaxoSmithKline and Novartis.

Abbott already holds U.S. marketing rights for Solvay's Trilipix and TriCor, drugs which raise "good" HDL cholesterol while reducing triglycerides and "bad" LDL cholesterol.

Solvay's other top-selling drugs include the Parkinson's disease treatment Duodopa and hormone therapy drugs AndroGel and Duphaston. It is not clear whether or not the Solvay purchase will affect ongoing pharmaceutical operations or staffing decision in the US. However, I suspect that there will be management changes and layoffs in Europe.

In other news, Johnson & Johnson bought an 18 percent stake in Dutch biotechnology company Crucell NV, which is trying to develop a universal flu vaccine, while competitor Merck acquired the rights to sell Australia-based CSL Ltd.'s Afluria flu vaccine in the U.S.

The Solvay deal is the latest in a string of mergers and acquisitions, as cash-rich pharmaceutical companies race to acquire new products amid looming patent expiry on blockbuster drugs. Earlier this year Swiss drugmaker Roche acquired Genentech following similar deals uniting Pfizer Inc. and Wyeth, and Merck & Co. Inc. with Schering-Plough.

Expect more M&A activity in the life sciences sector before year’s end.

Until next time...

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

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NIH Funding: Pitting Young Investigators Against Senior Scientists

The competition for National Institutes of Health (NIH) grant funding has been intensifying over the past five years or more. In the past, NIH had gone to extraordinary lengths to insure that senior investigators didn’t lose their funding so as to not hinder the progress of long standing research programs. However, in recent years, NIH funding managers have eschewed the unwritten policy of preferentially funding established investigators in favor of younger ones!  According to an article in today’s New York Times, NIH grant managers are increasingly ignoring the advice of study sections and funding scientists whose projects receive less favorable reviews than those denied money. Many of the favored funding recipients are “new investigators,” or scientists who had never before received a grant from NIH. Further, in 2007, the last year for which figures are available, “19 percent of the grants awarded to individual scientists were made as exceptions, or given outside of rankings by scientific reviewers, according to a report by the Government Accountability Office. Nearly all of the increase in exceptions in 2007 went to new investigators, with the young scientists’ share rising from 20 percent of all exceptions in 2003 to half in 2007.”

Not surprisingly, many senior investigators are calling “foul” despite the fact that the median age at which scientists win their first NIH grant has risen steadily, to 41 years, from 35 in 1980. While all meritorious grant proposals ought to be funded, the reality is that there simply isn’t enough money to around. As a former tenure track faculty member, I believe that new investigators deserve something of a handicap or edge when it comes to competing for their first grants. After all, how can an overwhelmed, newly minted faculty member be expected to successfully compete with established investigators who have mastered their jobs and more importantly, the art of grant writing? Sadly, the old practice of preferentially funding established investigators over new ones tended to stifle innovation and reward scientists who liked to play it safe!

We live in an increasingly competitive world where innovation is at a premium. American scientists and granting agencies must abandon their old practices if they want to remain competitive on the world stage. To that end, funding some young, innovative investigators over a few established faculty members who have enjoyed long successful scientific careers doesn’t seem like a bad investment to me! After all isn’t all about retun on investment these days?

Until next time...

Good Luck and Good Job Hunting!!!!

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Pharma Downsizing Update: More Pink Slips at Eli Lilly & Co

Eli Lilly & Co announced today that it is eliminating another 5,500 jobs or roughly 14% of its global workforce over the next two years. This would reduce to size of Lilly’s worldwide workforce from 40,500 to 35,000 by 2011. In addition to the job cuts, the company is reorganizing itself into 5 business units and hopes to save about $1.0 billion in annual costs.

These newly announced job cuts come after the company eliminated 4,000 sales representative jobs this past August and restructured its sale force. Also, prior to the recent cuts, Lilly launched the Lilly Phenotypic Drug Discovery Initiative or PD2 a new program to ostensibly strengthen relationships with academic institutions to speed drug discovery and thereby reduce its reliance on internal drug discovery efforts to keep its pipeline full.

Unlike other major pharmaceutical companies that conducted massive layoffs over the past two years, Lilly was content, until the past few months, to lay off small numbers of employees and offer others retirement packages. Unfortunately, the loss of patent protection on several of its blockbuster drugs coupled with generic encroachment on several brands and impending health care reform, forced Lilly to take more draconian action.

Layoffs have been something of rarity in the life sciences sector over the past eight months or so, but this is usually the time that marks the beginning of the corporate “layoff season.” Don’t be surprised if other large life sciences companies announce similar layoffs in the coming months. Luckily, the economy seems to be improving and there are signs that hiring is beginning to ramp up in the pharmaceutical, biotechnology and devices industries.

Speaking of pink slips, those of you who have been downsized or find yourself out of a life sciences job may be interested in a new organization called Pink Slip mixers. According to a description on the group’s website:

“Our Pink Slip Mixers are about hundreds of professional, mid- to upper-level executives who are (might be) victims of the "economic downturn" of 2008. Our parties are about banding together, networking and bonding with the recently "Pinked". We will share our experiences of why we were let off, what companies are hiring, and the "buzz words" that specific hiring managers want to hear. Aside from the usual imbibing, commiseration and fun that every pink slip party brings, headhunters, direct-hire companies, and recruiting firms will also on-hand to learn a little bit more about what you do. Maybe you'll meet a new contact, or find a new job!” 

Sounds like these mixers might be good networking opportunities and a place to kick back and commiserate with others who are no longer gainfully employed. I am planning to attend a Pink Slip Mixer when one is organized in the NYC metropolitan area. Like many of you, I lost my full time contract copywriting job over a year ago!

Until next time...

Good Luck and Good Job Hunting!!!!

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Oncology Is Where It's At!

According to a recent report issued by the Pharmaceutical Manufacturers of America (PhRMA), a record 861 new cancer treatments are being developed by pharmaceutical and biotechnology companies. Many of these treatments, which include vaccines and immunomodulators, are in clinical development or awaiting regulatory approval.

The breakdown of the treatments based on therapeutic areas is: 122 for lung cancer, 107 for breast cancer, 70 for colorectal cancer and 103 for prostate cancer. Additional treatments target brain, kidney, pancreatic and other forms of cancer.

While there are many other unmet medical needs that must be addressed by the life sciences industry, the burgeoning and ever-increasing numbers of cancer patients suggests that there is a dire need for development of improved anti-cancer treatments. To that end, if you are contemplating graduate school, already enrolled or trying to determine what therapeutic area makes sense for a postdoctoral fellowship, I highly recommend that you consider oncology. Job opportunities in this field (and neuroscience) will continue to outstrip all others in the near future.

Until next time...


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

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Lilly to Restructure and Downsize Its Sales Force

Eli Lilly & Co. is offering buyouts to 4,000 U.S. sales representatives to eliminate several hundred jobs and restructure its operations. Sales representatives will be offered four months' pay in addition to the typical Eli Lilly severance package, which ranges from two to 18 months' salary depending on seniority. The company had a total of 40,500 employees at the end of 2008.

Lilly’s best-selling drugs include Zyprexa for schizophrenia and bipolar disorder, Cymbalta for depression, Byetta for type 2 diabetes, and Evista for osteoporosis. The patent supporting Zyprexa, which bought in $4.7 billion in revenue last year, will expire in 2011. The patents on the company's next three top drugs —Cymbalta, Humalog insulin, and cancer drug Gemzar —are set to expire in 2013.

The restructuring is expected to start in mid-November and take effect in January.

Sales reps and R&D scientists have suffered the most during pharma’s recent three year downsizing binge. While many R&D jobs have been shipped overseas, pharma sales reps might consider a new career in biotechnology drug sales. Growth in biotechnology and personalized medicine drugs is expected to increase for the foreseeable future.

Until next time...

Good Luck and Good Job Hunting!!!!!

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Despite Surging Earnings Sanofi-Aventis is Restructuring and Planning Layoffs

Reuters reports that French drug maker Sanofi-Aventis (S-A) beat analysts second-quarter earning forecasts and that next year’s earnings will likely benefit from increased demand for its new H1NI swine flu vaccine. The company is the largest flu vaccine manufacturer in the world. Yet, despite surging profits, S-A continues to restructure and cut jobs in an effort maintain its stock share price. —and an “impeccable source”— that US managers are in France discussing cuts to American operations. The cuts are expected to be announced during the first week of August. More bad news for the US economy and  tens of thousands of American pharmaceutical employees who have already lost their jobs.

Until next time

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Good Luck and Good Job Hunting????????

 

When Applying for Jobs Online Simply Isn't Enough

Back in the late 1990s, applying for jobs online was all the rage! The technology was new and fresh and applying for jobs online was fast and easy. Companies raced to build corporate websites for prospective job applicants, major job boards like Monster and Careerbuilder were launched and human resources professionals though they were ushering in a “new era of employee recruitment and retention.” While applying for jobs online once seemed like a panacea for both job seekers and corporate employers, it never has lived up to all the fanfare and hype!

There is no question that applying for jobs online is quick, easy and most importantly emotionally gratifying. Paradoxically, these are the very qualities that have almost rendered the practice useless when it comes to finding a new job. Before applying for jobs online became de rigueur, large numbers of qualified, prospective employees were hired into new jobs. Unfortunately, these days’ most corporate websites and job boards are swamped by unqualified applicants who submit their resumes when ever and where ever they can! This has prompted many companies and job board site to automate their applicant screening processes—which, in many cases, fail to discriminate between qualified and unqualified job applicants. Frequently, because of the sheer volume of applicants, many companies no longer acknowledge receipt of job applications. While this practice is unprofessional in my opinion, it sends a subliminal—if not obvious message—to applicants that the likelihood of winning the job is remote. It is not uncommon for job applicants to never hear from a company after they have hit the send button to submit a job application.

So, if applying for jobs online isn’t the answer, what should jobseekers do to find gainful employment? Like it or not, the best way to find a new job is through networking. The advent of social networking sites like Facebook, Linked In and BioCrowd makes networking less daunting than it used to be. However, it is important to note, that online networking alone won’t be sufficient! Unfortunately, (for some of you anyway), interacting with people in real life will be required! The best way to begin networking is to use Google (or your favorite search engine) to identify companies or institutions that are looking for applicants with your skills and qualifications. Next, work hard to find a contact at a company who is willing to support your application or at least, forward it to an appropriate hiring manager. If you don’t know anybody at the company ask friends or relatives if they do. If this doesn’t work, post a notice on Facebook or Linked In asking if anybody in your network can provide a contact name or phone number of a hiring manager at the company you are interested in. If this also proves to be unsuccessful, you can run at Internet search on a particular advertised position or go to a company website to find the name of a hiring manager. However, to avert an avalanche of inquiries about online job postings, many companies no longer list the names of hiring managers on their websites. If all else fails, you can always put in a call into human resources and ask for more information about a job with the hope of getting the hiring manager’s name.

Once you obtain the name of a hiring manager, send an e-mail message indicating your interesting the position along with an attached resume/curriculum vitae. One note of caution; managers are usually inundated with e-mail messages (many which remain unanswered) and often have their spam filters set on high. Consequently, it may be prudent to also send a hiring manager an old fashioned cover letter and curriculum vitae authority using traditional or overnight mail delivery.

While networking to get an employee referral for a job remains the best way to get your “foot-in-the-door” at most companies, the referral channels, like almost all others, are also extremely clogged. This may require a direct phone call to a hiring manager to inquire about whether or not to apply for a job or to check on the progress of an application. That said, use this approach wisely—some managers may think that this shows initiative (and will pull your resume from the resume heap) while others may be offended or annoyed by your boldness. Nevertheless, once you make the call, DO NOT call back unless you are advised to do so. If the company is interested in you as a job candidate, they will contact you after they have had sufficient time to review your application.

While companies continue to advertise positions, the best way to land a new job is through word of mouth. This is because many companies don’t advertise all open positions and some companies run ads even though they are not hiring. Nevertheless, building a solid network of contacts and friends (both online and in real life) is critical for successful job searches.

In today’s difficult economy it may be prudent to employ a multifaceted job search strategy that includes a mix of networking, job boards and online applications. Also, it is important to cast as wide a job net as possible and not limit your search to a specific job type—especially if you have skills  and qualifications that cut across disciplines. Finally, I always tell prospective job candidates that looking for a new job must be a “full time endeavor.” Devoting less than a full time effort to your job search will likely yield disappointing results!

Until next time….

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

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Job Growth in Healthcare and Education Services Expected to Be Robust

According to a report released by the president’s Council of Economic Advisers the biggest gains in job growth by 2016 will be in the areas of healthcare and education services. Moreover, most of these jobs will require postsecondary education degrees mainly in the form of certificates and associates degrees. To meet this demand, the report argues for ways to improve the US education system so that American workers can more easily adapt to a more skilled-base economy.

The report also notes that manufacturing will continue its long term decline and that small growth will occur in the business and financial sectors of the US economy. Construction and transportation are likely to begin to grow once the economy improves. However, the largest demand and increases will occur in healthcare services, environmental-related occupations and in education service providers. Whereas other sectors of the economy have been battered by the recession, growth in the healthcare and educational services sectors have remained robust.

In the past, emphasis has been placed on obtaining a baccalaureate degree to garner gainful employment. While this trend will likely continue, explosive growth is expected for occupations that require only an associate’s degree or postsecondary education certificate. Growth in these types of jobs is predicted to outpace occupations that require a bachelor’s degree or higher.

The report also describes goals that must be met to improve the American postsecondary education system. These include: improving early childhood, elementary and secondary education; better school curriculums; closer collaboration between employers and educational institution to ensure that students learn the skills that they need on the job, better financial aid; and accountability for education and workforce programs that don’t work. I have long contended that both undergraduate and graduate programs in the life sciences introduce skill-based workforce development activities into their curriculums. Unfortunately, my attempts have fallen upon deaf ears. Perhaps this report will induce the administrators who can institute this type of change to take their “heads out of the sand”and take notice.

Until next time...

Good Luck and Good Learning!!!!!!

 

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Is Biotechnology in Your Future?

Despite its humble beginnings in the late 1970s, the biotechnology industry has transformed itself into one of the most vibrant sectors of the American economy. Pharmaceutical companies, once the bell weather of the life sciences industry, have finally conceded that biotechnology and not small molecules are the industry’s future!

While growth of the biotechnology industry has slowed somewhat in the past couple of years—mainly because of the recession—it still represents a viable career option for students interested in the biological sciences. Contrary to popular belief, a PhD degree is no longer required to gain employment in the biotechnology industry. The PhD degree option is slowly being replaced by biotechnology masters and undergraduate degrees and certificate programs readily available at many two year colleges. Put simply, there is a decreasing demand for PhDs at many life sciences companies—mostly because of technological advances and a growing reliance on outsourcing to carry out drug discovery and development. However, the demand for non-PhD employees with solid biotechnology backgrounds particularly in the areas of regulatory affairs, licensing, business development, medical communications, health informatics and biomanufacturing is rising.

For many students (especially high school and undergraduates), the plethora of biotechnology degree and certificate programs can be overwhelming. With this in mind, I came across a cool website called Biotechnology Degree Guide which helps students decide which program is right for them. The site is run by Webster Jorgensen who sent me the following information about the site.

“Biotechnology Degree Guide was developed to be a complete and comprehensive guide for finding colleges, universities and technical schools offering biotech and related programs. The site also features a rating system that allows registered users to rate various biotechnology programs. This feature was added to help separate the great programs from the not-sop-great ones. In the future, we plan to start highlighting "Hidden Gem" programs section that helps schools with lower profiles and great programs receive more exposure. The sites members section is open to prospective students, students, professionals, teachers and biotech hobbyists.  A social media component is planned for the future.”

While the Biotechnology Degree Guide may not answer all of your questions, it certainly is a good place to start when considering a career in biotechnology!

Until next time...

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

 

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Education in America: Community College Enrollment at Unprecedented Levels

The economic crisis is having an adverse effect on enrollment at four year colleges and universities. Most four year institutions are reporting record low enrollments. While things are spiraling downward at many four year colleges and universities, business is booming at two year technical schools and community colleges. Seemingly, this ought to be good news for two year institutions. Unfortunately, statewide funding cuts and faculty shortages are making it difficult for community colleges and technical schools to accommodate burgeoning enrollment.

The rising enrollment at community colleges can almost exclusively be attributed to the current cost of attending 4 year colleges and universities. The cost differential between attending four year institutions and community college is stunning. For example, tuition at Miami Dade Community College, the largest community college in the US, is $1,000 per semester for Florida residents. In marked contrast, tuition at the University of Florida—a public institution— is roughly $5,000 per year and a whopping $42,000 at the University of Miami which is private.

Undergraduates are flocking to community colleges simply because many can’t afford to pay tuition for 4 or more years at most colleges and universities. The new paradigm for undergraduate education is to complete the first two years of college at a community college and then transfer to a 4 year college to finish a degree. Unlike other post secondary education institutions, there are no entry requirements at community colleges—open enrollment is the norm. This means that these schools are obliged to allow anybody with a high school diploma or GED to register for classes. In marked contrast, four year colleges and universities can regulate the size of their incoming freshman classes to deal with financial difficulties. For example, because of budget cuts in Florida, the state's 11 public universities have imposed caps on freshman enrollment. This has put increasing pressure on community colleges in Florida and other stacks to “pick up the enrollment slack.”

While attending community college may be an economical way for students to earn undergraduate degrees, two year colleges have been overwhelmed by the massive enrollment increases. "As it stands right now, we have almost 39,000 students registered for the fall term, and we began fall registration only two weeks ago," says Dulce Beltran, registrar at Miami Dade College. "And a quarter of the courses are already closed with almost two months to go before fall term begins." Not surprisingly, Miami Dade officials say that enrollment is 60 per cent higher than last year’s pace. School officials have been hiring new instructors and adding new courses to handle the enrollment surge.

Unfortunately, school officials estimate that 20,000 to 30,000 students won't get all the classes they need; 5,000 may not be able to sign up for any classes in the fall. Similar scenarios are playing out in other states including Arizona, California, Washington and others. Officials in those states are fearful that hundreds of thousands of prospective new students will be turned away this year.

There is no question that the recession is taking a toll on the ability of American students to attend college. However, the cost of an undergraduate education has been steadily increasing for the past decade. Rising overhead costs, higher faculty salaries and over expansion have all contributed to the increases. Something will have to give soon. Don’t be surprised if the education bubble is the next one to burst!

Hat tip to NPR!

Until next time....

Good Luck and Good Learning!!!!!!!

 

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Foldit! Who Said Learning Protein Biochemistry Wasn't Fun?

While surfing the web, I came upon a cool website called Foldit. Foldit is an online competitive, interactive protein folding game that showcases the principles and properties of protein biochemistries.

The game, originally created by David Baker, Zoran Popović and David Salesin, works like this. Players are given a ribbon model of a protein made up of amino acids. Players use the cursor to grab, bend, pull, and wiggle the chain of amino acids anywhere along its length, folding the protein into its optimum shape. The only rules are based on physics—opposite charges attract, atomic bonds have limited angles of rotation, and the parts of the molecule that stick to water tend to point outward. The closer your model's properties adhere to those rules, the more points you get. The goal of the game was to get large numbers of players to work on potentially difficult protein folding problems to come up with possible solutions. And it seems to be working. More than 100,000 people have downloaded Foldit since its release in 2008, turning the game into a large, worldwide, multiplayer competition.  

Check out the YouTube Foldit video to learn how it works!

Please visit the Foldit site and blog for more information.

Until next time...

Good Luck and Good Protein Folding!!!!!!

 

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FireFox for Job Seekers

Another useful post for job seekers from Job Profiles.org.

The recession may be the worst in recent memory but modern technology can blunt the added frustration of searching for a job. While visiting countless employment sites and emailing resumes can be time consuming and fruitless, your browser may help make the search more efficient. Firefox 3 has proven itself remarkably popular, especially thanks to the add-on feature which allows users to customize their browsers to perform a wide range task specific functions. Check out these 50 helpful Firefox add-ons to make the job search easier.

Job Updates

While the Internet offers an unlimited amount of information about any number of topics, sorting though the details can be extremely tedious. These Firefox extensions will help you sort through the mass of information job sites regularly update.

  1. Percula: Integrates your web activity with the monster.com database of jobs. Search a topic, find relevant jobs in that field.
  2. CraigZilla: Allows users to monitor any section of Craigslist (such as "jobs") for updates. Even better, this add-on scans updates for customizable key words refining results further.
  3. TwitterJobSearch: Search job postings made to Twitter in real time.
  4. Indeed Job Search: Includes updates from every major job site. Also includes job postings from a number of newspapers, associations and individual company's career pages.
  5. CharityJOB: For those needing moral satisfaction in their work, here's a database of jobs in the non-profit sector.
  6. Search4Jobs: Integrates Monter's RSS feed directly into Firefox in an easy to use format.
  7. Check4Change: This extension let users monitor web pages for updates at regular intervals established by the user. Unfortunately, it only works with open tabs but great for monitoring niche job websites that are short on features.
  8. Update Scanner: Select the websites you want to scan for changes, Update Scanner does just that while ignoring minor changes.
  9. DapperFox: Sites without an RSS feed are annoying. DapperFox eases the pain by "RSSying the Web," building its own RSS feeds for any website.

Social

Research has shown that pre-existing social networks often play a key function in helping people find a job. In the Internet era, the popular conception of a "social network" has changed significantly to include Facebook, Twitter and the like. Of course, actually keeping up with even a few networking sites is an easy way of losing real friends. These Firefox add-ons let users simplify their social networking into easier to manage applications.

  1. Linkedin Companion for Firefox: Builds a network of 25 million professional into your Firefox browser. Network to find your next job opportunity or catch up with colleagues in your field.
  2. Jigsaw Contact and Company Search: The online directory of companies and business professionals brings you this add-on making available its community of 800,000 members. It also has sections for job postings and networking.
  3. Yoono: Consolidates all your social network and IM accounts in an easy-to-use sidebar.
  4. Meebo: Builds IM capabilities for every major IM network directly into Firefox.
  5. RushmoreDrive: A search engine for the Black community that also offers a top notch job networking features. Users can create profiles, search postings and create their own networks.
  6. Find on XING: Simply highlight the name of a person on any Website and right-click. The extension then looks for that person on XING.

Research and Organization

Researching and keeping track of job openings can be more than a little confusing. These add-ons are perfect for condensing the clutter.

  1. Notefish: Shave portions of web pages for later reference or share them with friends or co-workers.
  2. DeeperWeb: Adds a host of features aiming to streamline Google search results. Separates searches by function such as "Answer" or "Wikipedia" searches in addition to a host of nifty features.
  3. ReminderFox: A truly excellent online appointments manager, this extension is valuable enough to draw a salary as your assistant. Remembers important dates and sends reminders along with managing extensive to-do lists.
  4. KnowMore Extension: This application will let you research the environmental and social impact of a company without interrupting the job search. Perfect for those with a moral streak looking to work in corporate America.
  5. Zemanta: Makes content suggestions for your emails or blog posts as they are being written. This application will also make professional introduction suggestions as you write emails.
  6. Add to Search Bar: Allows users to add Websites' search functionality to your search bar.
  7. Hyperwords: Select text from any page and perform any number of functions such as search and translate.
  8. SimilarWeb: As you visit and search Web pages, an intuitive sidebar displays related sites.
  9. Surf Canyon: This great extension re-ranks relevant sites as users sift through search results from engines like Google and Yahoo.
  10. MashLogic: Scans web pages for topics you're interested about then adds links to show you interesting sites.

 

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Using Twitter to Find a Job

Amber Johnson at Job Profiles suggested that BioJobBlog readers might be interested in this post about Twitter and job searches. While I can’t personally speak to the utility of using Twitter as a job search tool, it certainly can’t hurt to give it a try in today’s challenging economy. 

100 Useful Twitter Tools and Feeds for Your Job Search

If you're searching for a job, surely you've learned about the extensive amount of tools available online to help you land your perfect position. But did you know that Twitter is the hottest job search tool out there today? It's true -- employers, recruiters, and job search sites are flocking to the service. Check out this list to find tools and feeds on Twitter that can be a great help to your job search.

Search

Use these tools to search for the jobs being posted on Twitter.

  1. TwitterJobSearch: With TwitterJobSearch, you'll be able to find tweets about jobs posted on Twitter.
  2. TwitterTroll: TwitterTroll is a really useful real-time Twitter search engine.
  3. Twitter Job Finder: Find fresh jobs on Twitter from the last 7 days on Twitter Job Finder.
  4. Tweet Scan: Perform searches and register for email alerts using Tweet Scan.
  5. TwitterJobCast: TwitterJobCasts' local job search will help you see who is hiring on Twitter in your area.
  6. NearByTweets: You can search Twitter by keyword and location with NearByTweets.
  7. TwitHire: This Twitter-based job board broadcasts a variety of listings.
  8. JobMotel: Search for Twitter web developer jobs on this site.

Connections

With these tools, you'll be able to find and manage connections with others on Twitter.

  1. TwitterMind: With TwitterMind, you can seek out Twitter users from the companies you'd like to work for and ask them for referrals.
  2. Twellow: Use Twellow to identify the leaders you should connect with in your industry or community.
  3. Workhound: Find a directory of the best Twitter job feeds on Workhound.
  4. Just Tweet It: Find other Twitter users with similar interests on Just Tweet It.
  5. TwitDir: Find some of the top Twitter users in this Twitter directory.
  6. Twubble: Twubble will help you find more people to follow, reflecting on who your followers are following.
  7. Twollo: With Twollo, you'll be able to automatically follow users with similar interests to yours.
  8. FriendOrFollow: Find people you need to ditch, or followers you've overlooked with FriendOrFollow.
  9. Find People: With Twitter's Find People tool, you can find or invite the people in your email address books to join you on Twitter.
  10. Tweepsearch: Search Twitter bios and find recruiters using this tool.

Organization

Stay organized in your Twitter job search with these tools.

  1. TweetDeck: Use TweetDeck to categorize your Twitter feeds, separating contacts with job listing feeds, and more.
  2. Twuffer: Use Twuffer to compose and schedule future tweets.

 

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Is Roche Really Becoming a Biotechnology Company?

Word on the street suggests that Roche has severed its relationship with the Pharmaceutical Manufacturers of America (PhRMA) the trade group that represents and lobbies on behalf of the pharmaceutical industry. The recent purchase of Genentech must have convinced the venerable 100 year old pharmaceutical company that proteins not small molecule drugs are the key to its future.

According to published reports, the Biotechnology Industry Organization (BIO) has already sent an emissary to Roche's headquarters in Basel to talk to Severin Schwan, its CEO, about the benefits of BIO membership. Will Roche really eschew its membership in RhRMA and join BIO? And,will the loss of Roche's financial contributions substantial reduce PhRMA's influence and lobbying power in Congress? I guess only time will tell!

 Until next time...

 Good Luck and Good Job Hunting!!!!!!

 

How to Become a Medical Science Liaison

The medical  science  liaison  (MSL) professional focuses on providing scientific and educational  support  and collaboration between healthcare stakeholders like physicians, patients and and  bipharmaceutical companies.

 According to Dr. Samuel Dyer, CEO of MSL WORLD the MSL role has evolved from originally being a support to sales reps to the forefront of pharmaceutical companies serving as the primary contact with KOLs, prescribers, and other Health Care Providers. 

PhDs have faced tremendous entry barriers to the MSL career for two major reasons. First, most PhDs lack clinical (or patient care) experience that are inherent in PharmD and MD training programs. Most PhD research projects deal with cells and mice — considered preclinical by industry standards. Second, and perhaps more insidious, is the perception that "PhDs lack people skills". People conjure stereotypes of scientists in white lab coats as eccentric, antisocial or lacking in social graces. Unfortunately, this perception also exists within biopharma, and PhDs aiming for alternative careers beyond the bench have to be prepared to "explain themselves".

PhDs who want to become a MSL can maximize their chances of breaking into this highly competitive career by doing the following:

Understand the mindset of MSL hiring managers

The biggest complaint I've heard over the years of coaching and mentoring aspiring MSLs is "they want MSL experience, but I can't get that unless I become a MSL". I've heard this so many times that I titled my MSL career book, "All MSLs Started with No MSL Experience!"  This catch-22 situation has evolved because many entry level MSL candidates don’t possess many of the basic skill sets that hiring managers are looking for. Consequently, hiring managers prefer experienced MSL candidates because they can be reasonably assured that person understands the “ins” and “outs” of what it takes to be an MSL.

Invest in tools, resources, and coaching
Perform due diligence and read everything you can about the MSL role. This six -figure career niche is extremely small, which makes the job market fiercely competitive. There is a dearth of "free" MSL resources because service providers in this niche make their living by focusing on the biopharma clients with big budgets.

Become a master networker

Networking is your only option to get into the minds of hiring managers or learn what you need to know if you can't or aren't willing to invest in tools, resources, or coaching related to the MSL career. You can start with your school's career center or the local postdoc association and see what resources may be available related to an MSL career.

Scientific complexity is increasing in treatment options as biologics are entering markets long dominated by small molecules. This is matched with cross-sector collaboration complexity, as biopharmaceutical companies navigate regulatory and public scrutiny. The MSL profession is only 40 years old, but the MSL role is becoming one of the "rising stars" of biopharma's career offerings. Look for the life sciences industry to hire increasing numbers of MSLs as more biotechnology products enter the market.

To learn more about the MSL career pathway please check out Jane’s new book, "All MSLs Started with No MSL Experience! The Guide to Becoming a Medical Science Liaison" or visit the MSL Jobs website to look for employment opportunities or visit the MSL Jobs website to look for employment opportunities.

 

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Job Opportunities for Indian Life Scientists

As many of you may know, I attend national science meetings where I offer resume critiquing services and give career development seminars on topics ranging from resume writing to alternate career opportunities for life scientists. Frequently, I critique the resumes of foreign PhD students and postdocs who want remain in the US but cannot for a variety of reasons related to visa status. I usually tell them that there are more job opportunities for them in their home countries; usually India and China, than there are in the US which no longer has a great demand for R&D scientists

Until recently, I hadn’t heard of any Asian recruiting firms or organizations that would help to find jobs for US-trained life scientists. Much to my surprise, I heard from Shyam Suryanarayanan, an entrepreneur who started a recruiting organization called ABLE C-Drive that helps place US-trained Indian nationals into life science jobs at Indian pharmaceutical and biotechnology companies.   I asked Shyam to send me a description of the services offered by ABLE C-Drive. Here is what he wrote:

"ABLE C-DRIVE (www.cdrivejobs.com) is a specialist Life Science Career Platform for the Indian Life Science Industry.  It is an initiative launched by C-DRIVE ( a specialist Life Science Career Solutions Company), in collaboration with ABLE - (Association of Biotechnology Led Enterprises), the Industry Association and the face of the Indian Biotech sector. The company is a pioneering initiative in the Indian Life Science Careers space to help Life Science Professionals be accessible/visible to a whole host of hiring organizations in a discreet manner, with a view to getting hired.  The 'Returning Indian' Community is a preferred group, given their strong training and experience in World Class research labs.

The list of companies hiring from this platform includes a mix of large global home grown leaders, as well as exciting small and medium-sized outfits across pharma, biotech, agricultural sciences (nutraceuticals), bioinformatics, clinical research, contract research and manufacturing." 

Our platform is a boon to hiring companies, because it is a single destination for pre-screened, quality life science professionals which significantly lower the cost, time and effort required for hiring. For additional information, please visit www.cdrivejobs.com or send your resume to lifejobs@cdrivecareers.com

Those of you who are seeking life sciences jobs in India ought to check ABLE-C Drive out!

Until next time...

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

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Alternate Career Ideas for Life Scientists

After yesterday's post about career planning for life scientists, one of my soon to be former students in the Fundamentals of Bioscience Program aptly pointed out that my readers might have benefitted more if I had, in fact, offered information about alternate career possibilities for bioscientists.  I don't want the student to get too overconfident but I had the same thought immediately after I uploaded the post.  

Rather than modify the previous post, I decided to upload the presentation that I gave to the U Penn Graduate Student Biomedical Association yesterday.  However, as many of my former (or soon to be former) students will tell you, my PowerPoint presentations, while informative, are not as complete as you might think.  To get the real skinny on alternate careers, you will have to attend one of my seminars on the topic where I provide attendees with additional pearls of wisdom and some funny stories about my own journey along an oft times circuitous career path!

Until next time.....

Good Luck and Good Job Hunting

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Merck to Eliminate 16,000 More Jobs

As expected, Merck announced today that it would eliminate an additional 16,000 job after the merger with Schering Plough is completed. The combined company is trying to get its headcount down to around 90,000 employees. The new job cuts represent a 15% reduction in the workforce of the combined company.

While the merger may have made business sense, it doesn’t bode well for future employment for life scientists in New Jersey.

Until next time...

Good Luck and Good Job Hunting (are there any left?)

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Career Planning for Life Scientists

Yesterday, I gave a lecture entitled “Alternate Careers: Taking the Road Less Traveled” to over 100 members of the University of Pennsylvania’s Biomedical Graduate Student Association. As always, there were many good questions and comments during and after the presentation. Some of the career anecdotes offered by several of the students reminded me of a conversation that I had several weeks ago with one of my Fundamentals of Bioscience students—I teach a Product Development and Regulatory Affairs course in the program—who refreshed my memory about a typical graduate student approach to career development and job searching. “We don’t think about jobs or our careers until we begin writing our PhD theses” she said. “Until then, our advisers don’t talk about careers or jobs and only bring it up because our funding will run out” she added. Admittedly, I had forgotten this because so many years have passed since my graduate student days. That said, it forced me to consider how much the life sciences job market has changed since I was graduate student and how vitally important it is for today’s graduate students to think about and possibly explore different career options throughout the course of their graduate training.

Historically, there were very few career options for life scientists—it was either a tenure track faculty appointment or, as a poor second choice, a job at a pharmaceutical or biotechnology. Unfortunately, academics jobs are hard to come by and since 2007 over 60,000 pharmaceutical R&D scientists have lost their jobs and more cuts are expected. Also, many of these jobs are likely come back after the economy improves because many of the R&D activities performed by these scientists are being outsourced to India, China and elsewhere. This suggests that a majority of life sciences graduate students who receive their PhDs within the next few years won’t be able to secure traditional life sciences jobs. While a majority of US life sciences graduate training programs recognize and understand the implications of the changing job market, many are reluctant to discuss alternate career options with graduate students and postdoctoral fellows. Even fewer, encourage or support students or postdoctoral fellows who want to engage in “extracurricular activities” to explore alternate career options. In fact, several U Penn students told me that they have to obtain written permission from their adviser before they can take courses or participate in extra-departmental activities. As one student quipped “What I do on my own time should be my business not my boss's.”

I always conclude my alternate career talk by saying “Nobody ever guaranteed you a job after completion of your PhD or postdoctoral training.” And, “if you wanted a job after completing your education, you ought to have gone to medical school, dental school, law school or any other profession that requires licensure to practice your craft.” While this may sound harsh, I believe that the decision to get a PhD is a personal one and based on discussion with many of my colleagues, most didn’t enter graduate school expecting a job to be waiting them when they completed their training. Nevertheless, I contend that graduate departments that continue to train and prepare students for traditional academic careers —knowing that over 90% won’t find jobs (other than postdocs) after their training is finished —are being disingenuous and even deceitful. Why haven’t academician realized that there is a plethora of job opportunities for life scientists outside of academia?

Like it or not, the life sciences job market has undergone radical changes in the past decade. Unfortunately, academics continue to adhere to dogmatic and anachronistic ideas and practices that don’t prepare their students and postdoctoral fellows for jobs in “the real world.” I contend that informing and enlightening graduate students about alternate career paths and, allowing them to explore some of these opportunities will not impede or hinder laboratory research. Instead, I believe it would help to improve and expedite its progress. As one U Penn graduate student shared with me over a couple of beers “If they would just tell us the truth and give us some idea about our options, it would certainly improve morale, reduce our anxiety and allow us to focus on our research because we would know what is out there!” As the old adage goes”ignorance is bliss.” But, in my experience, knowledge is power!

Until next time....

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

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Restoring Science to Its Rightful Place: The Obama Administration Addresses the Visa Issues Plaguing Foreign Life Sciences Researchers

After months of complaints by university officials and scientific organizations, the US State Department announced on Tuesday that it is taking action to speed up the delay-plagued visa process for foreign graduate students and post-doctoral researchers.

For the past few years, foreign science and engineering graduate students and postdoctoral seeking to obtain or renew visas have routinely experienced long delays sometimes taking as long as several months. The problem became so acute that students and researchers who left the US often found themselves stranded abroad, not knowing when their visas might be approved.  Not surprisingly, the delays have caused enormous problems for American universities, which heavily rely on foreign nationals to fill slots in graduate and post-doctoral science and engineering programs. Over the last year or so, visa difficulties having discouraged many scientific organizations from holding meetings in the United States. Some life sciences researchers said the apparent reluctance of the United States to accept them encouraged them to seek work in other countries.

The State Department has hired additional personal to deal with the visa backlog but will not say how long it will take to correct the problem. A state department official indicated that they hope to handle routine visa requests within a two week time frame.

While never officially acknowledged, the Bush Administration intentionally slowed the visa process for foreign researchers to “guard against proliferation of science and technical information.” In other words, the visa backlog was likely intentionally created to prevent foreign drug companies and national scientific agencies from infringing on American intellectual property and patent rights—an ongoing practice that clearly frightened many of the jingoistic officials running the Bush State Department.

However, what the Bush administration failed to understand was that a majority of foreign students who train in the US want to remain here after completion of their studies. The visa backlog and its protectionist intent forced many foreign nationals to forgo their US training and return to their home countries to seek employment. This was beginning to threaten scientific and technical innovation in US laboratories because for the past decade or longer American students have shied away from science and engineering to pursue careers in business and computer science. Ironically, the Bush Administration’s protectionist leanings may have contributed—more than they care to admit—

 to the massive job cuts that have taken place at American life sciences companies in the past few years because of availability of a US-trained work forces in countries like India and China. This provides American life sciences companies with reasonable assurances that preclinical and clinical research outsourced to these countries will be conducted according to US standards. Further, it also provides foreign companies with unbridled access to a growing cadre of US-trained scientists that will enable them to compete on a head-to-head basis with American life sciences companies.

Fortunately, the Obama Administration, unlike the previous one, delivers on its promises and appears to be willing to work hard to restore science and technology to its rightful place in American society.

Until next time...

Good Luck and Good Job Hunting (it may now be possible for many foreign students!)

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Certificate Programs Can Help Scientists Transition to Alternative Careers

By now, I think that most BioJobBlog readers understand that the job market for life scientists is lousy and that it isn’t likely to improve anytime soon. I know that many of you have spent close to 10 years training for a shot at an R&D job but the reality is that everybody needs to work to put food on the table—whether or not you find a job in your chosen profession. To that end, now may be a good time for those of you who are finding it difficult to land a job to consider one more year of training to get a certificate in a field that keeps you in science but not in R&D.

I came across interesting post today at the Resume Bear blog that discussed 10 certificate programs that can help people transition to new careers to find jobs. Interestingly, four of the programs are good fits for life scientists who are willing modify their careers to be gainfully employed. They are:

Clinical Trials Design and Management

“Pharmaceutical drug and medical device development is one of the premier industries of the 21st century, and the success of this vital industry depends upon the complex process of studying new products to verify their effectiveness and safety.”

Regulatory Affairs

Professionals are needed to guide drug development and medical device companies through FDA imposed regulation issues pertinent to the pharmaceutical and biological industry.”

Project Management

“As project cycles get shorter – and budgets get leaner – project managers are vital to the success of organizations today.”

Copyediting

“Bridging the gap between writers and publishers – especially technical and nonfiction copyediting – is one of today’s most marketable skills for both full-time and freelance work.”

Another one that was not on the list biotechnology certificate programs in which students learn about product development, regulatory affairs and best business practices in the life sciences industry.

Not surprisingly, many certificate programs are offered at local community colleges and frequently online. For regulatory affairs training you might try the Drug Information Association and Regulatory Affairs Professionals Society. The Project Management Institute offers training in project management and the Editorial Freelancers Association offers its members courses in copyediting. Mercer County College in West Windsor NJ in association with a local clinical research organization developed a “hands-on” certificate program in clinical trials design and management

In my opinion, certificate programs are worth checking out. They are designed for working professionals (courses are typically given in the evenings and weekends); usually only take 12 months to complete (what is one more year in the scheme of things) and improves the likelihood of finding a job because you now have a marketable skill set! It certainly beats collecting unemployment or sleeping in your old bed at your parent’s home—or not?

Hat tip to Resume Bear

Until next time...

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Where Have All the R&D Jobs Gone?

Over the past three years, more than 90,000 pharmaceutical employees have been layed off. While many of these former employees were drug reps, a majority who lost their jobs were R&D scientists. If drug makers have already jettisioned tens of thousands of R&D jobs, how is the next generation of medicines going to be discovered and developed? Like it or not, pharmaceutical and biotechnology R&D is beginning to be outsourced—much like information technology (IT) was in the late 1990s. And, like the IT industry much of R&D is being outsourced to countries like India and China. This should not be surprising because for the past 20 years or so, most of the people receiving PhDs in the life sciences were foreign nationals—many of whom were unable to stay in the US because of post-9/11 immigration policies and visa quotas. Without many options, many had no choice but to return to their home countries to seek employment and in some at contract research organizations (CROs) that specialize in pharmaceutical and biotechnology R&D.

According to a recent article written by J B Gupta Senior Vice President Collaborative Research GVK Biosciences Pvt. Ltd. India, for the last five years or so, Indian CROs like GVK Biosciences, Aurigene, Syngene, Advinus, Jubilant, Suven Life Sciences, Sai Lab, Accunova, iGate etc. have been positioning themselves as purveyors of R&D services to pharmaceutical and biotechnology companies. These efforts have apparently paid off! Companies like Merck, GlaxoSmithKline, Forrest Laboratories, Eli Lilly & Co, Johnson & Johnson, Merck Serono, Wyeth, Bristol Myers Squibb and others have entered into strategic R&D partnerships with many of India’s leading CROs. 

A recent study by the Kauffman Foundation suggests that India better positioned and ahead of China in R&D outsourcing. Further, the pace at which discovery collaborations are being established in India suggests that the western pharmaceutical industry is looking to Indian CROs not only to cut costs but to innovate as well.

Unfortunately, while this doesn’t bode well for American scientists, the US has nobody to blame but itself. Wrong-headed immigration policies coupled with inadequate training for life scientists who want to pursue industrial careers are largely responsible for the current R&D outsourcing activities. Like IT, I suspect that outsourcing will work for some companies but not others. Nevertheless, I think that outsourcing is here to stay and like it or not American life scientists will have no choice but to adapt to the “new normal.”

Until next time...

Good Luck and Good Job Hunting (try India or China)

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The National Institutes of Health to Aid Orphan Drug Development

The National Institutes of Health (NIH) announced on Wednesday that it was creating a new program aimed at “finding treatments for some of the 6,800 rare diseases that collectively affect about 25 million Americans.” 

According to NIH officials, the NIH would work with researchers and patient advocacy groups to identify new molecular entities (NMEs) that represent potential treatments for rare disorders. Once identified, NMEs will be turned over to private companies for further development. Information about molecules that failed to make the cut for further development will be published in scientific and medical journals. The NIH stressed that the goal of the program is to work with the drug industry not compete with it to develop new treatments.

Because many rare diseases only affect a few hundred or a few thousand people, there are little financial incentives or profit motives for companies to develop treatments for them. To stimulate drug development for rare diseases, the US Congress passed The Orphan Drug Act (1983) that offers companies that develop drugs for diseases affecting fewer than 200,000 people tax incentives, financial support for clinical development and seven years of US market exclusivity, i.e. the company can sell the product without competition for seven years. Since its passage, the Orphan Drug Act has been a boon to many biotechnology companies, most notably Genzyme, a profitable biotechnology company whose business model is built almost exclusively on orphan drug development.

NIH’s entry into the orphan drug development arena ought to help speed discovery and development of potential new treatments for orphan indications. It will undoubtedly help to reduce some of the cost, time and risks typically associated will corporate drug discovery. Industry experts suggest that drug discovery can sometimes cost well over $10.0 million and take between two to four years to complete. However, the program is starting with only $24 million this year and is expected to receive the same level of funding each year until 2013. While this may limit the overall effectiveness of the program, it will likely bring government and the drug industry closer to forge new relationships with the common goal of discovering much needed new treatment for orphan indications.

Until next time...

Good Luck and Good Research!!!!!!!!

 

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Life Sciences Layoffs Beginning to Spill Over To Medical Devices Companies

Medtronics, the world's largest medical-device company, announced today that it will lay off 1,500-1,800 employees after posting a fiscal fourth-quarter profit that plunged 69 percent on slipping sales,restructuring and other charges. About 400 employees already have accepted buyout offers and will leave the company by the end of the month.

Until now, the medical devices and diagnostic industries, unlike pharma and biotech had had remained unscathed by the current economic downturn. Medtronic’s financial woes are mainly a result of questions about its implantable devices which have come under fire recently because of safety concerns. Nevertheless, don’t be surprised if you see other medical devices and diagnostic companies begin to layoff workers as the financial crisis deepens and medical and healthcare costs continue to rise.

Hat tip to Iguana Bio.

Until next time...

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

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The Biggest Loser.....Roche!

The New York Times reported today that Genentech’s blockbuster cancer treatment, Avastin, failed to show a significant effect on preventing the recurrence of colon cancer, limiting its utility as an adjunct treatment to treat primary colorectal cancer. While Avastin is already a best-selling cancer treatment, success in this closely watched and highly visible clinical trial could have paved the way to a new uses of the drug, potentially increasing sales by billions of dollars a year.

Avastin had sales of $2.7 billion in the United States alone last year. But it is currently approved only for late-stage colon, breast and lung cancers. For those indications, patient’s lives have been prolonged for up to a few months. The new trial was designed to determine whether or not Avastin could be used earlier in the course of the disease, right after surgery to remove the tumor. The hope of such so-called adjuvant therapy is to prevent the cancer from coming back at all, effectively curing the patient.

While the Avastin failure will have little or no effect on Genentech’s financial outlook, it does call into question whether or not Roche paid too much last month to buy the 44 percent of Genentech it did not already own. Roche has long insisted that its desire to own all of Genentech did not hinge on the results of this trial. And yet, the trial appeared to play a major role in Roche’s months-long negotiations with Genentech.  It appeared that Roche, which had started those discussions last summer, wanted to complete the deal before results of the Avastin trial were announced — on the assumption that a successful trial would have sent Genentech’s stock soaring, possibly putting the takeover price it offered out of reach.  A failed trial, on the other hand, could have pushed down the value of Genentech’s stock. So it now looks as if Roche could have paid less had the results of the Avastin trial come out before it completed the deal.

Art Levinson, Genentech’s former CEO who played hardball with Roche over the course of negotiations, needs to be recognized for his outstanding business acumen. He and other Genentech executives convinced Roche that Avastin sales could quadruple, to $10 billion, by 2015 if the drug could be used for early-stage colon, lung and breast cancers. This possibility induced Roche to raise its bid for Genentech’s outstanding shares from $86.50 to $95 per share. Although Dr. Levinson wasn’t able to fend off Roche’s takeover and is no longer Genetech's CEO, he is likely “laughing all the way to the bank” as the expression goes. And, who said that PhDs aren’t any good at business?

Roche shares were down more than 10 percent on Wednesday, closing at $29.54.

Until next time...

Good Luck and Good Job Hunting!!!!!


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On the Road Again

I just arrived in New Orleans to participate in this year's Experimental Biology meeting. I will be giving talks on career development for bioscientist and providing resume critiquing for job seekers.  This is my first time back to New Oreleans after Katrina and it ought to be interesting to check things out.

I suspect the mood at this year's meeting will be subdued because of the financial crisis and the bad economy. However, I will likely be busy because people are still looking for jobs which are few and far between. I hope we have enough room to accomodate attendees.

Drop by the FASEB Career Center if you are interested in learning about using social media to find a job, alternate career paths for PhDs or how to behave at a job interview!  I will be at the convention center until Wednesday AM if manage not to eat my way into oblivion.

Until next time....

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

 

Roche Shakes Up Leadership At Genentech

Roche announced Tuesday that it will replace Arthur Levinson, PhD, Genentech’s current CEO and American biotechnology pioneer, with Pacal Soriot, DVM, MBA who currently leads Roche’s worldwide commercial operations.  Dr. Levinson will become Chairman of Genentech’s newly configured board of directors but no longer have control over day-to-day operations at the company.  Mr. Soriot will become CEO of Genentech and head all of Roche’s pharmaceutical activities in the US. Some of the other changes that will occur at the company include: Susan Desmond-Hellmann, Genentech’s president of product development, will move into an advisory role after the middle of this year. Genentech CFO David Ebersman is leaving the company and Ian Clark, who heads commercial operations for Genentech, will be chief marketing officer of Roche’s pharma division.

Dr. Levinson and Mr. Soriot will lead the efforts to combine all of Roche’s North American operations which ultimately will be run from Genentech’s South San Francisco location. Many of the activities at Roche’s previous North American headquarters in Nutley, NJ will move west, which means downsizing, more layoffs and possible closure of the Nutley site. 

Dr. Levinson, one of Genentech’s early employees, joined the company as a senior scientist in 1980 and has been its chief executive since 1995. During his tenure, Genentech became the largest, most profitable and perhaps the most innovative biotechnology company in the US. Unlike Dr. Levinson, who is a molecular biologist and has over 30 years of experience in developing successful protein-based drugs, Dr. Soriot, a former Sanofi-Aventis financial and commercial operations executive has little or no experience with biotechnology products.

With this in mind, I suspect that many things will change at Genentech as Roche attempts to transform the once heralded biotechnology company into a subsidiary of its pharmaceutical division. Don’t be surprised if you see a mass exodus from company. Farewell DNA, all good things must end!

Until next time...


Good Luck and Good Job Hunting (try Genentech, there will be openings soon)
 

A New Life Sciences Career Option: Health Informatics

Are you a life sciences or healthcare professional with a passion for computers, IT or software development? If so, you might want to consider a career in health informatics—one of the hottest, new fields in the life sciences and healthcare industries. Health informatics specialists typically have expertise in medical records and claims, clinical care and programming. In other words, they have a foot in two worlds— medicine and technology — and can easily bridge the often daunting gap between them. It is important to point out that there is a difference between healthcare IT and informatics personnel. The health IT people run the servers and install software, but the informatics people are the ones who analyze and interpret clinical/ medical information and work with clinical and other healthcare staff to advise and help them.

According to an article in this Sunday’s NY Times, health informatics specialists usually start as computer programmers or as doctors, nurses, pharmacists or health record administrators. After earning a graduate health informatics degree, they find jobs as mid level or senior employees at hospitals, doctor’s offices, insurance companies, pharmaceutical companies or other organizations concerned with health data. Mid level jobs, like those for clinical analysts or informatics analysts, are usually about $70,000 a year, but salaries can be much higher for more senior level positions.  Senior level jobs, which sometimes require a Ph.D., include chief clinical information officer or other management/leadership roles at medical devices, life sciences or insurance companies. Consulting firms are also hiring health informatics experts to serve many of their health care clients who frequently don’t have the resources to hire permanent informatics staff.

At present there are no educational, licensing or credential requirements to become a health informaticist. However, a growing need for health informaticists has resulted in the creation of a number of degree programs at two and four year colleges and universities. For example, within the past four years, Columbia University, St. Louis University, the University of Minnesota and Oregon Health and Science University have all added master’s programs or certificates in health informatics. Other schools offer short courses or part-time certificate programs to healthcare employees or programmers. Still others are adding undergraduate majors or associates degrees programs to their curricula.

While many schools are beginning to offer health informatics programs, not all informatics programs are “created equal.” Generally speaking, “medical” or “biomedical” informatics programs focus on data that doctors need for treating patients. Bioinformatics” programs concentrate on biological or genetic data, while “health informatics” programs often emphasize clinical data and health records. Even among programs with the same name, the emphasis and expertise may vary at different institutions that offer the training.

By all accounts, health informatics —despite some early confusion—is one of the fastest growing careers in the bioscience and healthcare fields. Unlike other fields in the shrinking life sciences industry, there are plenty of jobs out there for health informaticists. Ironically, the failing US economy is what is driving the growth of the health informatics industry. The US government’s economic stimulus package has allocated $19 billion to hastening the adoption of electronic health records, so demand for health informatics specialists is skyrocketing. “My rough estimate is that we need about 70,000 health informaticists,” said Don E. Detmer, president and chief executive of the American Medical Informatics Association, a nonprofit industry group.

However, as a word of caution, it usually takes more than technical skills and an understanding of health care to succeed as a health informaticist. Diplomacy and conflict resolution skills are crucial when dealing with two potentially contentious groups: healthcare workers and programmers. Nevertheless, healthcare informatics is an ideal field for bioscientists and healthcare workers who also like to work with technology, computers or develop software. Based on my recent experiences as a bioscience career counselor, I know that there are thousands of you out there that fit this description. Now be the time to take a closer look at the exciting, new field of health informatics to determine whether or not it may be a career option for you!

Until next time...

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

 

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Looking for a Life Sciences Job? Try Facebook, Twitter and BioCrowd

Using Facebook and Twitter to find jobs is becoming routine in many industries including healthcare. However, the life sciences industry is lagging behind most others when it comes to social media and recruitment. Nevertheless, many companies and academic institutions are beginning to realize that Facebook (FB), Twitter and other science social networks are good source of qualified candidates for  those difficult-to fill job openings. 

Lindsey Pollak, a GenY career guru who, writes on the use of social media for job searching, alerted me to a post (via Twitter @biojobblog) that describes how to effectively use FB to find a job.  While FB may be useful to scientist looking for work, there are many other bioscience social networks like BioCrowd (@biocrowd) that regularly post jobs and career opportunities for life scientists.

Until next time...

Good Luck and Good Job Hunting 

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Why Downsizing May Hurt Pharma

Since 2007, approximately 80,000 pharmaceutical jobs have been eliminated. The recent consolidation in the industry, e.g., Merck-Schering, Pfizer-Wyeth and Roche-Genentech suggests that many more life sciences jobs will be lost over the next year or so. Typically, to avoid law suits and possible discrimination claims, most companies will layoff a mixture of experienced and entry level employees that cover the racial, religious and age spectra. For those of you who may not know, Americans who are 40 and older constitute a “protected class of employees.” In other words, companies that layoff employees cannot disproportionately give pink slips to employees 40 years of age or older. This law was enacted because older employees typically have higher salaries and have accrued more benefits and vacation time than their more junior counterparts and eliminating them can drastically cut costs. While most companies are careful to layoff a mixture of junior and senior employees during large layoffs, a quick perusal of the demographics of employees who lose their jobs reveals that many of them are older, more experienced workers. Sacrificing a few entry level employees (to prevent any red flags) is worth it to the accountants who charged with cutting costs and orchestrating large corporate layoffs.

Unlike consumer goods, pharmaceutical and biotechnology drug development is arcane, complex and may take up to 15 years to complete. There are many “go” or “no go” decisions that must be made during the drug development process. Typically, these decisions are rendered by experienced employees who have been “down the road” many times before and are able to recognize the oft-time nuanced attributes of successful drug candidates. Without the benefit of these employee and their experiences, drug companies may struggle to make the “right decisions” for new products being developed. Also, the loss of experienced employees can disrupt the flow of essential “corporate knowledge” to entry level and more junior employees. This is important because— while most entry level and junior employees are academically and technically qualified—it usually takes them years (under the tutelage of mentors and senior employees) to understand a company’s best practices. Put simply, the unrelenting loss of experienced pharmaceutical workers can alter the standing or dominance of pharmaceutical companies in certain therapeutic areas. While massive layoffs of experienced pharmaceutical employees bolster drug stock prices in the short term, the long term effects of these layoffs on the overall health of the pharmaceutical industry remains uncertain.

Jeff Kindler, Pfizer’s CEO, mentioned yesterday during a CNBC interview, that eight Wyeth senior executives will keep their jobs after the Pfizer-Wyeth deal closes later this year. Not surprisingly, he failed to mention how many “rank and file” employees of the combined company would keep their jobs after the merger. Don’t be shocked when Pfizer-Wyeth announces massive layoffs after the deal closes—Pfizer’s stock price has fallen 21% since it announced the Wyeth acquisition late last fall.

Until next time....

Good Luck and Good Job Hunting!!!

 

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Job Market For Bioscientists May Be Better Than Expected

The US economy has lost about 7.1 million jobs since December 2007 and nationwide unemployment is hovering around 8.5 percent. Despite the lost of  about 80,000 pharmaceutical jobs over the past three years and unprecedented consolidation taking place in the life sciences sector—Merck-Schering Plough, Pfizer-Wyeth and Roche-Genentech—the job prospects for scientists at biotech companies, medical devices and diagnostics, and government appear to be stronger than anticipated. While drug discovery and sales jobs may be scare, there are rapidly emerging opportunities in the fields of medical communications, regulatory affairs, biomanufacturing, clinical trials management , bioengineering, medical devices/diagnostics and website development and management.

President Obama’s promise to restore science to its rightful place, his reversal of the ban on federal funding for embryonic stem cell research and an unwavering commitment to alternate energy technologies suggest that the future may be very bright for bioscientists. For example, there are massive hiring initiatives at federal agencies like the US Food and Drug Administration (FDA) and the Unites States Department of Agriculture (UDSA) — as the Obama administration attempts to overall these agencies— and funding levels at the National Institutes of Health are on the rise (aided in part by a $200 million Challenge Grant stimulus program).

While the road to economic recovery may be a long one, graduate students and postdoctoral fellows who are currently engaged in life sciences research should “stay the course and not jump ship just yet.” The life sciences industry is more recession proof than others and it will be one of the first to experience an economic turn around. And, when it does it is best to prepared to find a job!

Until next time…


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

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Word on the Street: Novartis May Purchase Cubist for $1.6 billion

Rumors are rife that Novartis is going to purchase Lexington, MA-based Cubist for $1.6 billion. Wall Street analysts are speculating that Novartis may announce the deal as early as Monday.

Cubist manufactures Cubicin (daptomycin), one of only a handful of new antibiotics brought to market in the past 20 years that is effective against many infections caused by Gram-positive bacteria, most notably methicillin-resistant Staphylococcus aureus (MRSA). The company is developing new lipopeptide antibiotics similar to Cubicin and also has an active anti-viral drug discovery program.

Over the past 10 years, big pharma companies largely abandoned antibiotic research and placed all discovery efforts in the hands of only a few smaller public companies and startups. Cubist is the only independent biopharmaceutical company that successfully brought a new antibiotic to market. 

Novartis’ possible acquisition of Cubist signals, that at least one major pharmaceutical company sees opportunities and upside in the antibiotic drug discovery market. Several years ago, Pfizer acquired another antibiotic discovery company, Vicuron (formerly Versicor) but to date the acquisition has not yielded any new antibiotics. While Novartis’ acquisition of Cubist is yet another sign of consolidation that is taking place in the life sciences sector, it may bolster new efforts in the antibacterial drug discovery area. Unlike Cubist, Novartis has enough money and marketing muscle to increase Cubin sales and develop some of the exciting new molecular entities in Cubist’s drug development pipeline.

Until next time…..

Good Luck and Good Job Hunting!!!!

 

Goodbye "DNA"

It’s official!  Roche has secured more than 96 percent of shares in Genentech Inc, completing its $46.8 billion buyout of the U.S. biotech group. It now holds some 93 percent of outstanding Genentech shares, a further 3 percent are guaranteed to be delivered within the next three business days and it will integrate the U.S. biotech group as soon as possible.

Soon after Roche completed the transaction on Thursday, the company announced that Genentech's common stock would no longer be traded on the New York Stock Exchange.

Genentech, founded in 1976, was one of the first and most successful biotechnology companies in the US. After lagging behind rival Amgen for most of the 1990s, Genentech eclipsed Amgen in the early 2000s on the strength of its oncology franchise (Herceptin and Avastin) and its deep drug development pipeline.

Its acquisition by Roche truly signals the end of an era in history of the American biotechnology industry.

Until next time...

Good Luck and Good Cloning! 

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Pharmaceutical Industry Consolidation: A Historical Timeline that Traces Big Pharma's M &A Activity

The old baseball adage which says that  “you can’t tell the players apart without a program” is particularly apt when it comes to tracing the M &A activity that led to the creation of some today's largest pharmaceutical companies.

I used to be able to keep track of all of the moving parts  of most of these mergers but advancing age and unprecedented M&A activity in the pharma industry prevents me from successfully doing this any longer. To that end, about a week ago, the New York Times published a pretty cool and informative chart that historically traces the corporate mergers that lead to creation of Pfizer, Novartis, GlaxoSmithKline, Sanofi-Aventis and others.

Check it out!!!!!

Until next time...

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

 

The Weekly Pharma Merger Roundup

As you all know by now, Merck announced on Monday that it will purchase Schering Plough for $41.1billion in a deal constructed as a reverse merger. The reverse merger strategy was concocted to prevent the new company from losing the international sale rights to Remicade, Johnson and Johnson’s lucrative, blockbuster rheumatoid arthritis drug. According to the original deal inked by Johnson and Johnson and Schering Plough, Schering would have to surrender its rights to Remicade— which generated $2.1 billion in sales outside of the US last year —and golimumab (which is pending approval in Europe) if current ownership of Schering changes. Golimumab (CNTO 148) is Johnson and Johnson’s Centocor division next-generation human anti-TNF-alpha monoclonal antibody be developed as monthly subcutaneous treatment for adults with active forms of rheumatoid arthritis, psoriatic arthritis and ankylosing spondylitis.  Since the merger was announced on Monday, Johnson and Johnson hasn’t issued any public statements about the deal—prompting some analysts to speculate that Johnson and Johnson may well make a counteroffer to acquire Schering Plough. Others believe that Johnson and Johnson will challenge the new company’s international rights to Remicade and golimumab despite the great lengths that Merck and Schering Plough management went to structure the acquisition as a reverse merger. Stay tuned for updates.

In other merger news, US-based Gilead announced that it will acquire CV Therapeutics for about $1.4 billion. The deal tops the hostile takeover offer from Astellas Pharma of Japan. Gilead, an HIV drug manufacturer is purchasing CV Therapeutics—which sells the cardiovascular drugs Ranexa (chronic angina) and Lexican (reduces stress during cardiovascular surgical procedures)—to expand its therapeutic repertoire beyond virology. The stock prices of shares of Gilead and CV Therapeutics jumped after the announcement signaling Wall Street’s approval of the deal.   Nevertheless, it may be premature for Gilead and CV Therapeutics to begin celebrating—Astellas may very well tender a counteroffer!

Until next time...

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

 

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Going, Going....Gone: Genentech Agrees to Roche Buyout

Late Thursday, after 8 months of difficult and often acrimonious negotiations, Genentech’s board finally caved and agreed to allow Roche to purchase the remaining 44% of the outstanding Genentech shares that it doesn’t already own. The price: $95 per share—less than the $112 per share that Genentech’s board and management team wanted —but better than the $86.50 per share that was tendered last fall.

While Roche contends that it will continue to run Genentech as an autonomously operating business unit, many Genentech employees are dubious. I suspect that many DNA (Genentech’s stock symbol) employees will embrace a “wait and see” attitude before any decisions are made about whether or not to stay at the “new company.” Roche’s greatest challenge will be integrating the two companies without ruining Genentech’s innovative culture and immediately sending its best scientists and management team out the door. Pharma and biotech corporate cultures are very different from one another and many biotech employees find it difficult to adapt to big pharma’s slow-moving and anachronistic approach to drug development. As previously reported, US business operations of both companies will be based at Genentech’s headquarters in South San Francisco, CA rather than in Nutley, NJ, where Roche’s American business is currently based. This is not good news for many of Roche’s Nutley employees. Roche has been trying unsuccessfully for years to jettison the Nutley site and it seems likely now. Don’t be surprised if you see a mass exodus at the Nutley site. All of Roche’s US products will be sold under the Genentech brand.

Roche’s purchase of Genentech, America’s oldest biotechnology company (started in 1976) and considered by many to be the crown jewel of the industry, truly signals the end of an era. Let’s hope that another “Genentech” (and others like it) emerge as the US biotechnology industry continues to evolve in the 21st century.

Until next time...

Good Luck and Good Job Hunting!!!!!

 

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Roche Takeover of Genentech Likely

Late last week, Roche raised the price of its hostile offer to buy out Genentech to $93 a share, from $86.50. While the Genentech board advised its shareholders that the company is worth $112 per share, many financial analysts believe that the $93 per share offer may entice institutional investors to “pull the trigger” on the deal. Roche also extended its offer to shareholders by a week, until March 20. Roche already owns over 65 percent of Genentech’s outstanding shares.

Roche has indicated that if fewer than half the minority shares were tendered, it would not buy any of the shares tendered by Genentech shareholders. The new offer is likely to bring in more than half the minority shares, which would raise Roche’s ownership to at least 78 percent. About 71 percent of 131 Genentech stockholders who responded to a survey by Deutsche Bank on Friday said they would tender at least some of their shares at $93, and of those, half said they would tender virtually all. It is not clear what will happen if Roche is unable to purchase 100% of Genentech's shares.

Roche is motivated to close the deal as quickly as possible before results are released next month from a clinical trial of Avastin, one of Genentech’s top-selling cancer drugs. That trial, testing Avastin as a treatment for colon cancer after surgical removal of the tumore, could open a huge new market for the drug, which is now approved to treat cancer only at a later stage. Positive results from the trial may push Genentech’s stock price to over $100 per share—something that Roche desperately doesn’t want to happen.

If Roche is successful in its takeover bid, it  will likely to result in massive layoffs at Roche’s Nutley, NJ headquarters. Previously, Roche announced that it would move its US headquarters from Nutley to the Bay area if it acquires Genentech. Not good news for the state of New Jersey which is still reeling from the Pfizer-Wyeth takeover announced six weeks ago and the Merck-Schering Plough merger mentioned earlier today.

Until next time...

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

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The Merck-Schering Plough Deal: More Bad News for New Jersey

Merck announced today that it was buying Schering Plough, the Kenilworth-New Jersey based drug maker, for $41.1 billion. The deal comes only six weeks after Pfizer said that it would purchase NJ-based Wyeth Pharmaceuticals. Superficially, the deal may make sense for the two struggling drug makers—they co-market the cholesterol-lowering drug Vytorin and also have collaborations in the respiratory diseases area. Also, Schering Plough has the European rights to the anti-arthritis drug Remicade and its 2007 purchase of the Dutch biopharmaceutical company Organon Biosciences NV provides access to several potential biotechnology drugs. Nevertheless, the impending merger will ultimately result in job losses and higher unemployment in the state of New Jersey.

Merck currently employs 55,200 workers and Schering-Plough—which grew significantly with its purchase of Organon—also has about 55,000 employees. While no immediate job cuts are planned, a company spokesperson acknowledged that the size of the combined workforce will be reduced by approximately 15%-20% over the next year or so. This means that as many as 20,000 pharmaceutical employees may lose their jobs—a time when unemployment in NJ is approaching 10 percent! My sources tell me that Merck employees are already on edge because of surprise layoffs that occurred in early September, 2008. I suspect that employee anxiety will be extremely high at both companies for the foreseeable future—never a good thing from a productivity point of view.

According to press releases, Schering-Plough's shareholders will get $10.50 in cash and 0.5767 Merck shares for each Schering-Plough share they own. That's a 34 percent premium to Schering-Plough's closing stock price on Friday. Merck's top executive, Chairman and CEO Richard Clark, will lead the combined company, which will attempt to remain a dominant player in treatment areas including cholesterol, respiratory, infectious disease and women's drugs, as well as vaccines. Schering-Plough's CEO, Fred Hassan, will participate in planning integration of the two companies until the close of the deal, which is expected in the fourth quarter. The transaction is to be structured as a reverse merger. Schering-Plough will be the surviving corporation but will take the name Merck. The new company will remain at Merck's headquarters in Whitehouse Station, N.J. and a company spokesperson indicated that a "substantial majority" of employees of Schering-Plough will remain with the newly-formed company. The combined revenue of both companies in 2008 was $47 billion.

Mr. Hassan, a talented, “turn-around” pharmaceutical executive, took over Schering-Plough six years ago as chairman and CEO—a time when the company was struggling with a $500 million fine (the largest ever at the time) imposed by the US Food and Drug Administration because of chronic manufacturing problems. While Schering-Plough is now in much better financial shape than when Mr. Hassan first arrived at the company, its stock price is currently almost identical to the price when he took over (it lost 50% of its value in the past 18 months). Let’s see whether or not Richard Clark, Merck’s current Chairman and CEO, has the mettle to run the combined company. While Schering-Plough has long been rumored to be a takeover target, I don’t think that the Merck-Schering Plough deal is a particularly good or strategic one. Both companies have been struggling of late because of near empty drug pipelines and the ongoing brouhaha over Zetia, Vytorin and Merck’s Vioxx. Further, both companies face price reductions and slumping sales in the next year or so because several blockbuster drugs will lose patent protection and face stiff competition from generic drug manufacturers.

Like the Pfizer-Wyeth deal, the Merck-Schering Plough merger may little more than a red herring. I still fail to see how merging two oversized, struggling pharmaceutical companies can possibly result in the creation of a single successful one. The only upside of the deal is that it allows the newly-formed company to restructure operations, eliminate tens of thousands of jobs and cut costs to bolster its stock share price. That said, I don’t think that an artificially-inflated stock share price necessarily translates into the innovation that historically has been required to create new drugs to treat unmet medical needs!

Until next time...

Good Luck and Good Job Hunting (avoid NJ at all costs)!!!!!!!

 

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Career Opportunities in Drug Development

Ever wonder how a drug makes it from the bench to the marketplace and what types of jobs are required to support the process? I created a PowerPoint presentation that describes the activities and the jobs required at each stage of the development process. I also listed the degree requirements that are necessary to secure various jobs from drug discovery through commercialization.

Expect More Uneasiness at Pharma Companies This Week

In the wake of last week’s Pfizer-Wyeth M&A feeding frenzy, I suspect that most analysts were hoping that this week would be a little quieter. Unfortunately for many pharmaceutical company employees, this week may be shaping up to be almost as nerve-wracking as last week!and declared that it was on the hunt for a merger or acquisition partner. A ll of the usual suspects have been cited as possibilities. They include: Bristol Myers Squibb (Plavix, Erbitux, Orencia Abilify) , Amgen (EPO, Aranesp, Neupogen, Neulasta and Enbrel), Biogen-Idec (Avonex, Tsyabri and Rituxan) (Actavis (generics) Ratiopharm (generics) and Crucell (vaccines). The hands on favorite and most likely target would be Bristol Myers Squibb because the two companies co-market Plavix, their top selling drug that is due to lose patent protection in the next year or so. That said, in this environment anything can happen. 

 

In other news, GlaxoSmithKline announced that it will be cutting 6,000 jobs later this week when the company puts out financial results. The company began reorganizing itself in 2007 and will continue to do over the next few years to deal with generic encroachment on several of its top selling drugs. Glaxo employs about 100,000 people worldwide. Analysts suspect that many of the job cuts will occur in the UK and that sales rep may be hit the hardest in this latest round of layoffs.

Until next time…

 Good Luck and Good Job Hunting!!!!!

 

 

 

The Weekly Pharma Layoff Report

Talk about a rough week. First, on Monday, Pfizer announced that it was acquiring Wyeth, a move that is expected to result in the loss of 8,000 to 10,000 jobs if the deal is approved. This was followed on Wednesday by an announcement from Abbott Laboratories indicating hat it was laying off about 200 sales representatives because of regulatory delays for its12 hour-formulation of its pain drug Vicodin. Finally, on Thursday, AstraZeneca announced that it will cut another 7,400 jobs worldwide by 2013 (bringing the total number of expected layoffs to 15,000). Also on Thursday, Sepracor, the maker of the sleeping pill Lunesta, announced that it will cut 20% of its permanent work force (530 jobs) and 410 contract sales representatives (even though the company announced a profit).

Suffice it to say it has been a tough week for pharmaceutical company employees. I hope that next week is better.

Until next time…

Good Luck and errrrrr Good Job Hunting????????

 

Pfizer-Wyeth's Latest DTC Ad

Immediate Fallout from the Pfizer-Wyeth Deal

The ink hasn’t had time to try on the deal sheet and Pfizer already has announced what the impact of its acquisition of Wyeth will have on the combined company. Here’s what to expect: Pfizer will shed at least 19,000 jobs from it newly combined work force of 128,000 employees; it will slash its stock dividend by 50%; and it will take a $2.3 billion charge to settle a federal investigation over off label promotion of its former pain drug Bextra. 

The combined company will be run by Pfizer’s CEO, Jeff Kindler, who joined Pfizer in 2006 after serving as legal counsel for McDonald’s. Bernard Poussot who became Wyeth’s CEO a little over a year ago will depart the company. As I mentioned in a post yesterday, Pfizer and Wyeth had been in talks for over a year before the deal was consummated. If the deal had closed last year, Mr. Poussot would have garnered a $38 million dollar severance package that included cash, pension, health benefits and other entitlements. But, because Wyeth’s board changed its compensation package for its CEO on January 1, he will only be entitled to a severance package of only $18.3 million. Not bad for a guy who ran the company for little over a year!

Other fallout from the deal includes: increased consolidation or purchase of cash-poor biotechnology companies—that will result in more layoffs and continue to reduce the life sciences workforce in the US— and the loss of a potential biotech dealmaker (Wyeth) that was aggressively pursuing M&A strategies and licensing opportunities with smaller, struggling biopharmaceutical companies. Most Wall Street analysts agree that the debt taken on by Pfizer to purchase Wyeth will prevent the company from participating in any new major acquisitions in the foreseeable future.

While the deal may ultimately benefit Pfizer, it certainly won’t help to improve the overall, short term health of the pharmaceutical and biotechnology industries.

Until next time…

Good Luck and Good Job Hunting (I hear that they are hiring on the West Coast)

 

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Pfizer-Wyeth: Looks Like a Done Deal

Pfizer's board of directors voted on Sunday evening  to acquire Wyeth for $65 billion.  While this may help to assuage some of Pfizer's short term financial problems, like the loss of  Lipitor in 2011,the deal will not help the combined company in the long run. 

The deal will undoubtedly lead to massive layoffs at both Pfizer and Wyeth--a time when our economy cannot afford much more job loss.  Further, it will diminish competition, reduce the need for more scientists and ultimately diminish America's standing in the life sciences. 

If I were a Pfizer or Wyeth employee the first thing that I would do on Monday morning would be: update my resume, contact as many  recruiters as I can and find a new job before the layoffs begin. I think the era of severance packages is over!

Until next time... 

Good Luck and Good Job Hunting!!!

Why a Pfizer-Wyeth Merger Doesn't Make Sense

Pfizer is the largest pharmaceutical company in the world. It was able to garner that distinction by going on a decade-long buying spree that began in the mid 1990s. To date, Pfizer has acquired Warner Lambert, Pharmacia and a host of smaller specialty pharmaceutical and biotechnology companies. Despite these acquisitions, which yielded top selling blockbuster drugs like Lipitor and Celebrex, Pfizer’s stock has never performed up to analyst’s expectations. In fact, while it’s smaller and more nimble pharmaceutical competitor’s stock prices were soaring, Pfizer’s stock price was either flat or falling. While conventional wisdoms suggest that “bigger is always better” this has proven not to be the case when companies, like Pfizer, attempt to win greater market share through mergers and acquisition and also loss sight of their core business.

In my opinion, Pfizer’s acquisition of Warner Lambert in the mid 1990s was a well executed, strategic move—the transaction gave Pfizer rights to Lipitor, currently the world’s top selling prescription drug. At that time, Pfizer’s internal drug discovery pipeline was essentially running on empty and it needed a blockbuster to insure its future growth. Despite the benefits of the Warner Lambert deal, it took Pfizer many years and hundreds of millions of dollars to fully integrate the two companies into a fully functional one.

Several years later, Pfizer acquired Pharmacia to gain access to Celebrex, a Cox-2 inhibitor that had the potential of becoming a blockbuster drug to treat inflammation and chronic pain. Unfortunately, Pfizer’s ROI on Celebrex hit a sales-stopping road block when the safety of Cox-2 inhibitors was called into question after Merck withdraw its Cox-2 inhibitor, Vioxx from the market in 2005. While Pfizer directly benefited from Celebrex sales, it again took the company many years, at great expense, to fully integrate Pharmacia into Pfizer’s day-to-day operations.

During its decade long expansion, Pfizer’s internal drug discovery programs were largely ignored and had begun to fail largely because of management’s inexorable focus on acquiring blockbuster drugs rather than developing them internally. In the early 2000s, recognizing that blockbuster drugs were becoming harder to purchase, the company bet its financial future on a new cholesterol-lowering drug called torcetrapib (which, by the way, was developed by Pfizer scientists). The buzz surrounding torcetrapib—a potential blockbuster drug that was expected to replace Lipitor—reached a fever pitch in 2006 as Pfizer’s stock price soared. Unfortunately, Pfizer was forced to abandoned clinical development of torcetrapib in late 2006 because it exhibited potential life-threatening side effects in pivotal Phase 3 clinical trials This failure, coupled with the impending loss of  patent protection for several of its top selling drugs, most notably Lipitor, has placed Pfizer in its current precarious financial situation.

Like many of its competitors, Pfizer believes that biotechnology is the “next big thing” and its executives have publicly disclosed their intentions to get into “protein-based therapeutics.” While this strategy may represent a way for Pfizer to correct its current downward trajectory, the company, as a whole, lacks the requisite biopharmaceutical experience and expertise to commercially compete in this space. To obviate this, Pfizer has hinted that it would consider purchasing a large biotechnology company or a pharmaceutical company that has biotechnology products on the market.  Enter Wyeth—another pharmaceutical company that is trying to reinvent itself as a biopharmaceutical company. However, unlike Pfizer, Wyeth markets and sells two successful biotechnology products—Enbrel, a treatment for rheumatoid and psoriatic arthritis and Prevnar a blockbuster anti-pneumococcal vaccine. However, it is important to note that neither Enbrel nor Prevnar were developed at Wyeth. Further, while Wyeth has achieved commercial success with both Enbrel and Prevnar, several of its non-biotechnology drugs have recently hit regulatory snags and their future approval is uncertain.

On the surface, a Pfizer-Wyeth merger may make sense—both companies are struggling, Pfizer needs an entrée into biotech and Wyeth has marketed biotechnology products and biomanufacturing capability. However, a closer examination of the deal reveals some major flaws. First, Wyeth’s internal biotechnology discovery pipeline is sparse (although it does have a few, niche protein-based products in early stage clinical development). While Enbrel sales are increasing and consistently have topped $1 billion in annual sales in recent years, Wyeth only owns the non-US rights to Enbrel (Amgen owns the US rights). Second, Prevnar is coming off patent soon and GlaxoSmithKline (GSK) has developed a competing vaccine that is expected perform as well or better than Wyeth’s next generation version of Prevnar. Finally, Prevnar has been a huge money maker for Wyeth because there are currently no other approved pneumococcal vaccines on the market. The introduction of GSK’s competing vaccine will undoubtedly have a negative impact on the sale of Prevnar and its successor. If neither company has strong internal drug discovery pipelines and both lack sufficient expertise in biopharmaceutical product development, why are Pfizer and Wyeth actively engaged in M&A discussions?

For the past several months, rumors have been circulating that Pfizer might acquire Amgen. While a Pfizer-Amgen deal makes more sense to me that a Pfizer-Wyeth one, I don’t think that acquiring another large pharmaceutical company is in the best interests of Pfizer shareholders (they are still paying for the past two mergers!). That said, if Pfizer does acquire Wyeth, the combined entity will still hold the distinction of being the world’s largest pharmaceutical company—at least there is that!

Until next time...

 

Good Luck and Good Job Hunting (hope that a merger doesn’t take place—there will be layoffs!)

 

Obama and US Science

I watched the Obama inauguration today and like many other Americans I was moved to tears during his speech. A new day is truly dawning in America!  The one line that resonated the most for me is when he said he was going to restore American science to its rightful place.  My colleague Vincent Racaniello also heard that line and he offer this take on what the implications that one statement may have for American science over the next 4 years.

The Audacity of Hope

I just heard President Obama, in his inaugural address, say the words “We will restore science to its rightful place”. What does he mean by this?

In “The Audacity of Hope”, the book President Obama wrote in 2006 to set forth his thoughts on “reclaiming the American dream”, he suggests that we will need to invest in education, science and technology, and energy independence to make America more competitive. With respect to science, he has specific plans:

…fifteen years ago, 20 t0 30 percent of all research proposals received significant federal support. That level is now closer to 10 percent. For scientists and researchers, this means more time spent raising money and less time spent on research. It also means that each year, more and more promising avenues of research are cut off - especially the high-risk research that may ultimately yield the biggest rewards.

…our declining support for basic research has a direct impact on the number of young people going into math, science, and engineering - which helps explain why China is graduating eight times more engineers as the United States every year.

If we want an innovation economy, one that generates more Googles each year, then we have to invest in our future innovators - by doubling federal funding of basic research over the next five years, training one hundred thousand more engineers and scientists over the next four years, or providing new research grants to the most outstanding early-career researchers in the country. The total price tag for maintaining our scientific and technological edge comes out to approximately $42 billion over five years - real money, to be sure, but just 15 percent of the most recent federal highway bill.

In less than a page, Obama crystallizes today’s problems with science. I could not have said it better myself. And his solution is concrete and reachable.

His words were written in 2006, well before our current financial crisis. But I am convinced that President Obama knows that supporting science and technology is one of the keys to the future of this country. I know he will find ways to follow through with his promises.

 

Pharma Job Cuts: The Domino Effect

While the domino theory was incorrect when it came to the spread of communism during the Cold War, there may be a kernel of truth to it when it is applied to today’s pharmaceutical industry. On Tuesday, Pfizer announced that it would lay off 800 researchers. Not to be outdone by Pfizer, Roche announced today that it plans to lay off about 780 workers over the next two to three years because of “worsening economic conditions.”

After spending the last decade or so associated with the pharmaceutical industry, one thing that I have learned is that there isn’t a single company that I can think of that wants to be the first to do anything. However, when a pharma company makes a bold move, the others are very quick to follow because they “don’t want to be perceived as not being “cutting edge” or keeping pace with their competitors. To that end, the domino theory may warrant some further investigation when it comes to day-to-day operations of big pharma.

Until next time,

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

 

Looking for a Dream Job? Check This One Out

Job Title: Island caretaker
Location: Hamilton Island, Great Barrier Reef, Australia
Duration: 6 months
Description: Write a weekly blog from an ocean side villa (with pool). Snorkel, swim, walk the sandy white beaches and take photographs and videos and post them to your blog.
Salary: $100,000 (including round trip airfare to Australia)

It sounds too good to be true but it is a real position being offered by the Australian government. The job, billed as the ‘Best Job in the World’ was posted at islandreefjob.com and within 24 hours Australian tourism officials said that they had received over 200,000 applicants from all over the world. Not a bad gig considering that your main responsibility would be to promote the Great Barrier Reef (specifically the Whitsunday Islands) as a vacation destination.

You gotta love those Aussies!

Until next time….

Good Luck and Good Job Hunting (maybe you will get lucky with this one)
 

New Rumors About Pfizer Layoffs Abound

I received an e-message from a reader who alerted me about new information and rumors that are swirling about the layoffs announced yesterday by Pfizer.  For more info, check out the post at the Daily Anchor.

Seems like other things may be brewing at Pfizer.

 

Until next time...

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

Pfizer Axes Another 800 Research Scientist Jobs

Long rumored, Pfizer announced yesterday that it will eliminate another 800 research jobs outside of its six core therapeutic areas: cancer, pain, inflammation, diabetes, Alzheimer’s disease and schizophrenia. The new cuts represent 5 to 8 percent of Pfizer’s approximately 10,000 researchers worldwide. According to a company spokesperson, the company will continue to evaluate its current staffing to make decisions that are consistent with its future goals. In short, expect more layoffs to occur in the near future.

Industry analysts expect additional cuts to occur in R&D and Pfizer’s dwindling sales force. To date, Pfizer has eliminated about 10,000 jobs, mostly in R&D and sales. Pfizer became the world’s largest pharmaceutical after going on a 12 year buying spree that began in 1996 after its acquisition of Warner Lambert, the company that developed the blockbuster anti-cholesterol drug Lipitor. The company currently employs about 85,000 people worldwide.

Wall Street rewarded Pfizer’s decision to layoff more scientists by pushing its stock share price up 1.3% yesterday. Rewarding a company for eliminating one of its most important and valuable assets has never made sense to me. But, then again, I am a scientist not an MBA-toting Wall Street analyst—what do I know?

Until next time…

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

 

The Future of Pharmaceutical R&D

Did you know that the top ten pharmaceutical companies in the world spent close to $50 billion dollars last year on R&D? That sum could be used to purchase the entire US biotechnology industry except for the five largest companies—Genentech, Amgen, Gilead Genzyme and Celgene. Further, pharma’s R&D budget is about 4 times the R&D budget of all of the US biotechnology companies combined. According to a blurb in breakingviews.com, Pfizer alone spent $8 billion last year which was greater than the sum spent by biotech’s top five companies. What this tells us is that pharmaceutical companies are grossly unproductive when it comes to drug discovery and development. This would explain why nearly three-quarters of all new medicines approved for sale in the US last year originated at biotechnology companies.

It is becoming increasingly apparent that biotechnology companies are much more efficient at R&D than pharmaceutical companies. More importantly this suggests that something must change so that pharma can continue receive adequate ROI on internal discovery programs. Perhaps big pharma ought to spend a greater portion of its R&D budget on biotech mergers and acquisitions rather than continuing to invest in inefficient and failing internal R&D programs. While biotechnologynology companies are exceptional in drug discovery, they are severely lacking when it comes to clinical development of new drugs. This is largely due the high costs of conducting human clinical trials (which are required for regulatory approval of all new medicines). Most biotechnology companies are strapped for cash and don’t have sufficient funds to conduct clinical trials on their own.

Not surprisingly, given the recent financial downturn, there has been a recent spate of deals in which pharma has been willing to pay large sums of money for clinical development rights to promising new biotechnology drugs. Moreover, a majority of the almost 160,000 employees layed off by pharma companies in the past few years have been R&D scientists. This suggests that pharma is beginning to realize that its money may be better spent doing deals or buying biotech companies rather than continuing to invest large sums of money into it’s own unproductive R&D programs. Unfortunately, this paradigm shift doesn’t bode well for doctoral students and post-doctoral fellows who are training in the life sciences. This is because many entry-level biotech positions, traditionally filled by newly-minted PhDs and postdoctoral fellows will likely be filled by experienced, pharmaceutical employees who lost their jobs in the recent rounds of layoffs. As much as I hate to say this, if I were a life sciences graduate student or postdoctoral fellow considering an R&D career in industry, I would begin to explore alternative career options.

Until next time….

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

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More Layoffs: GSK Completes Purchase of Genelabs Technologies, Inc.

GlaxoSmithKline announced late last fall that it would acquire California-based Genelabs for $57 million in cash. The deal closed yesterday and the exodus began today.

According to sources at the company, Genelabs employees will be offered a week of severance pay for each year of service. Genelabs executives and employees have been given pink slips.

By purchasing Genelabs, GSK establishes a presence on the West Coast. Also, it will strengthen its effort to develop therapies against the hepatitis C virus. Genelabs will become part of Glaxo’s drug discovery organization and its hepatitis C virus program.

Luckily for former Genelabs employees, California biotechnology companies are still hiring.

Until next time…

Good Luck and Good Job Hunting!!!!!! 

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Looking for a Job? Try Non Profits!

Making a profit (and a large one at that) is the primary objective and driving principle of capitalism. That said, the for-profit sector is currently in a shambles—mostly due to greed and stupidity of the so-called stewards of the American economy. Maybe it is time for many of us to abandon corporate greed in favor of job opportunities in the more philanthropic and altruistic not-for-profit sector. I was surprised to learn that, despite the current economic downturn, there are growing numbers of jobs at non-for-profit hospitals, clinics, civic organizations and education (pre-school, primary and secondary).

While these jobs typically pay less than for-profit ones, their for-profit equivalents may no longer exist. And, as we all know too well, having any job at all is a big plus in these dismal economic times. Unfortunately, not-for-profit jobs like their for-profit counterparts are not immune to economic realities and layoffs. Nevertheless, there are currently not-for-profit jobs out there and now may be as good of a time as any to check them out!

Until next time…


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

A "Sea Change at Pharma and Biotech": Recapping the Layoffs

For those of you who haven’t been able to keep up with the latest pharma layoffs, I came across an article in the Philadelphia Business Journal that does an excellent job of recapping all of the major life sciences layoffs that have taken place in the past year or so. The recent massive pharma layoffs prompted William Ashton, Acting Dean of the University of the Sciences in Philadelphia PA to say “I was in the pharmaceutical industry for 28 years. I’ve never seen such a sea change as is occurring right now. This is really dramatic.” Further, Dr. Ashton predicted that drug companies will increase their use of contract sales forces (CSFs) and contract research organizations (CROs) to contain expenses and that staffing firms will be the winners.

This led to me to wonder what Dean Ashton has been doing for the past 10 years or so because the life sciences industry has already increased its reliance on CROs and CSFs. A quick perusal of the pharma and biotech employees who lost their jobs over the past few years reveals that a majority of them were in sales and R&D. I don’t know whether or not I should break the news to Dean Ashton, but the future is already upon us—another example of how out of touch academia is with industry in the 21st century.

I think that it is time for industry executives and academicians to begin a serious dialog to determine the type of training that would be appropriate for individuals seeking jobs in the life sciences industry. A failure to do so will likely have a negative adverse effect on the continued growth and future success of the US life science industry.

Until next time…

 

Good Luck and Good Job Hunting!!!!!

 

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Yet Again :More Downsizing at Bristol Myers Squibb

In a  previous post,  I suggested that more layoffs would occur at Bristol-Myers Squib (BMS) by December, 1, 2008. The Pharmalot Blog reported today that 800 more BMS employees ( including scientists) would lose their jobs before the end of 2008. Okay, so I was off by about two weeks.

A company spokesperson told the Pharmalot folks that “We are reducing the global Bristol-Myers Squibb workforce as part of our previously announced second wave of productivity initiatives designed to enhance our ability to address the significant challenges and uncertainties our company faces in the short- and long-term. Headcount reductions associated with the second wave of productivity initiatives will continue through 2010, with a goal of a 10 percent reduction in our global workforce. This [layoff of 800] is in addition to the 10 percent workforce reduction previously announced in December 2007.” 

Things are obviously not going well at BMS these days. Look for more layoffs in early 2009 and beyond. Who do you think is going to buy BMS?

Until next time…

Good Luck and Good Job Hunting (Try Lilly I hear ImClone is looking for a few good men and women)

 

Science and Education Need Each Other

The relationship between science, education and industry has always been a tenuous one. To learn more about the complexity of this relationship check out this article that was recently published in a local New Jersey business publication.

Until next time…

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

 

Pfizer Layoffs: Yes or No? -- Company Announces It Will Eliminate Almost 1,000 Jobs in France

Pfizer announced today that it will eliminate almost 1,000 jobs in France through layoffs or voluntary departures. Gerard Bouquet, vice-president of Pfizer France, announced that "This new organization will take effect from Dec. 1, 2009 and there will be no forced layoffs before that date.” The cuts will affect Pfizer’s sales force and at it Paris-based headquarters.

Today’s announcement comes just a few days after Rod MacKenzie, Pfizer’s worldwide head of discovery research told reporters “Given the complexity of the changes within research, I have concluded that we will not be able to provide that clarity [for the layoffs] or communicate them by the end of the year." While it appears that there may some confusion regarding American workers, this is clearly not the case for Pfizer’s European employees.

Until next time…

Good Luck and Good Job Hunting

 

Pfizer: "We Will Be Laying Off Employees But Not Sure When"

Over the past few weeks, the blogosphere was rife with rumors and speculation that Pfizer would be laying off additional R&D personnel in December. However, it seems that the layoffs have been postponed and nobody at Pfizer seems to know when they will take place. Conventional wisdom suggests that job cuts will likely take place sometime after the holidays, probably in mid -January, 09.

Rod MacKenzie, Pfizer’s worldwide head of discovery research told reporters “Given the complexity of the changes within research, I have concluded that we will not be able to provide that clarity [for the layoffs] or communicate them by the end of the year." I suspect that he knows who will be getting pink slips but is reluctant to make the announcement until early next year because it would look awful if Pfizer lets people go right before the holiday season. 

Call me crazy, but I don’t think that publicizing lay offs (to be determined later) is good for employee productivity and morale. I have no doubt that rumors about the impending layoffs have been circulating at Pfizer for months. Unfortunately for Pfizer, one or more of its employees leaked the information and company executives are in damage control and spin modes. The inability of Pfizer executives to control internal information flow is just another example of why many industry analysts believe that Pfizer grew too quickly over the past decade. Nevertheless, hundreds and perhaps thousands of Pfizer employees will lose their jobs in the not so distant future.

Until next time…

Good Luck and Good Job Hunting (forget Groton, CT)

 

A Job Loss Score Card for You

I know this is kind of odd, but I have recently begun to wonder which life sciences companies have layed off the most employees this past year. Well, for those of you out there who were also wondering we don't have to wonder any longer because Ed Silverman over at the Pharmalot blog has conveniently compiled a list of the top offenders for us. For those of you who may be wondering which company was number one on the list, it’s name begins with a “P” and ends with an “r.”


Until next time…


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

Merck's Surprising Announcement: "We Will Develop Follow-On Biologics"

At its annual business briefing, Merck’s CEO, Richard Clark, announced that the company is creating a new division called BioVentures that will develop and sell follow on biologics. Clark said that the reason for this surprising decision was based on “the arrival of the Obama administration and renewed enthusiasm on Capitol Hill for legislation that could create an easier path for generic biotech medicines.”

Merck’s new BioVentures division will be built around the humanized yeast manufacturing platform developed by Glycofi, a privately-held, company that Merck acquired two years ago. While most of big pharma and big biotech publicly lobbied against new legislation that would make follow-on biologics legal in the US, Merck was surprisingly low key on the subject (now, we know why).

I first learned about Glycofi’s technology platform shortly after the company was formed in the early 2000 and immediately recognized its implication for follow-on biologics manufacturers. I immediately contacted Glycofi’s CEO at the time to see whether or not they would hire me as a “follow-on biologics consultant.” Sadly, because cash was tight (as it always is at start ups) I didn’t get the gig but I did get to know Tillman Gerngross, one of the Glycofi’s founders and its Chief Scientific Officer. Tillman and I spent some down time together at many of the follow-on biologics conferences that I organized where he was an invited speaker.

I was glad (mostly for Tillman) when I learned that Merck was going to by Glycofi for $400 million in cash. That said, the acquisition didn’t make sense to me at the time because Merck didn’t have a biologics division (although it did have a successful vaccine division).  After today’s announcement, Merck’s decision to purchase Glycofi makes perfect scientific and financial sense to me. I wish I could have gotten a piece of Glycofi before Merck bought the company. Nevertheless, I take solace in the fact that I, like Merck’s executives, can recognize a winning technology when I see one!

Maybe Merck will turn itself around after all!

Until next time…

 

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

 

Late Breaking News: Pfizer May Cut More Jobs Next Month

Pfizer may announce new job cuts by the end of next month as the company tries to curb spending before cheaper generic versions of its top- selling drug Lipitor flood the market in 2010. The cuts will likely take place in sales and marketing—Pfizer has cut more than 14, 000 jobs since 2007. 

Aren’t you glad that you didn’t take me up on that land deal in Florida?

 

Until next time…

Good Luck and Hang On!!!!!!!!!!!

 

 

New Job Cuts at Bristol-Myers Squibb and Sanofi-Aventis and Merck Forecasts Poor Earnings for 2009

The Pharmalot blog reported today that Bristol-Myers Squibb will be laying off 5% of its workforce (~ 34 employees) by year’s end at its manufacturing facility near Syracuse, NY. And, Sanofi-Aventis announced that it will be giving pink slips to about 10% of its sales force —about 650 reps—before the end of the year.

To make matters worse, Merck released its annual revenue projections for 2009 today which suggest that its earnings and revenue will not meet Wall Street expectations. Merck recently “cleaned house” and eliminated thousands of scientific and mid-management jobs. The list of pharmaceutical companies that have downsized in 2008 includes Merck, BMS, GlaxoSmithKline, Novartis, Schering Plough, Boehringer Ingelheim, Wyeth and Sanofi-Aventis. I probably missed a few but who is counting?

Until next time….

Good Luck and Hold On to Your Job (if you can)

 

This Week In Virology (TWiV) Rocks!!!!!!

Vincent Racaniello, Professor of Microbiology at the College of Physicians and Surgeons at Columbia University and co-founder of BioCrowd ,has created a weekly series called This Week In Virology (TWiV). Each week Professors  Racaniello and Dickson Despommier (another Columbia virologist) discuss the latest developments and public health concerns for a variety of viral diseases.

The weekly discussions are packaged as podcasts, posted on TWiV and Science Podcasters.org and can be downloaded from iTunes. Dr. Racaniello eventually wants to offer TWiV in a vcast format and use it to inform the public and teach students about viral diseases.

So far, Vincent and Dick have created nine TWIV podcasts. Some of viruses that they have discussed include: HIV, Polio, Lassa fever, Rabies, West Nile Virus and even video game viruses. The podcasts are interesting, informative and a good way to learn something about virology—something that may liven up your daily commute!

Until next time,

Good Luck and Good Job Hunting

 

J&J Paying a Large Price for Beauty

Late yesterday, drug maker and consumer healthcare giant Johnson and Johnson announced that it was buying Mentor, a Santa Barbara, CA maker of skin care products, liposuction equipment and MemoryGel breast implants. According to industry analyst the $1.07 billion that J&J will spend to purchase the company “represents a giant premium for Mentor.” Mentor will become a stand-alone unit of J&J’s Ethicon a leading supplier of sutures, mesh and other surgical products. The cosmetic surgery and anti-aging markets are huge and are expected t to grow as the baby boomer generation continues to age.

J&J is on something of a buying spree and will continue to buy specialty companies to to offset possible losses that may from a weak drug pipeline of its pharmaceutical division. In November, the company purchased Omrix for $438 million, a biopharmaceutical that develops biosurgical and passive immunity products. The deal is expected to close this month.

Unlike most other pharmaceutical companies, J&J has been able to successfully run a diversified conglomerate company that specializes in both pharmaceutical and consumer healthcare products. It is a cash rich company that has a reputation for treating its employees very well! Who said that “beauty is only skin deep?”

Until next time

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

 

Is Pharma Done With Its Cost Cutting and Downsizing Initiatives?

According to a recent report from the consulting firm Ernst and Young, cost cutting and downsizing are no longer the primary objectives for most pharmaceutical companies. Instead, they are mulling over the new challenges that universal health care may bring and how to better reach consumers in emerging markets. 

In a recent interview, Carolyn Buck Luce, one of the paper’s co-authors said “in our previous report, cost containment was one of the most important initiatives. In this report we found more of a balanced approach where optimizing cost was [just] one the many objectives. Only 40 percent of the executives said optimizing costs was their most important initiative, compared to a similar study in 2007 where 92 percent of those surveyed ranked cost reduction as their main initiative. In the latest survey, 66 percent of executives said the most important strategic initiative was reinvigorating the R&D pipeline, while 40 percent said expanding into new markets and restructuring their marketing and sales programs to become more customer-centric were their main areas of focus. “

One of the most telling quotes in the piece is: “There was an awful lot of focus on costs a year ago, when companies realized there was a lot of fat in their companies and a lot of opportunity to cut costs.” Does that mean that pharma really didn’t have to lay off tens of thousands of employees over the past year? It kind of makes you wonder doesn’t it? And, if you believe that pharma is truly finished with downsizing--would you be interested in a great deal on some land in Florida?

Until next time…

 

Good Luck and Try to Hang On to Your Job!!!!!!!!

 

Scientists and Social Networking

I first thought about starting a social network for life sciences professionals about a year ago after joined I Facebook and LinkedIn and then learned about SciLink, one of the first social networks for scientists. Apparently, others had the same idea and today, there are currently, by my reckoning, no fewer than 20 social networks for scientists—each promoting a unique approach to networking for scientists.

David Bradley, a UK-based science writer who can be followed on Twitter as sciencebase, did me a favor by posting a piece oh his blog in early November that reviews many of these networks. Surprisingly, most of them were designed almost exclusively for academic scientists! I was thrilled to learn this because we created BioCrowd , our new social network, for ALL life science professionals not just academicians and industry scientists. David has graciously agreed to allow me to repost his article entitled "Social Media for Scientists" below.

Social Media For Scientists

Towards the end of October, I received a flurry of emails asking me to check out new social networking sites for scientists, I’ve already reviewed the nanoscience community, of course. I suspect that, the academic year having moved into full swing, there were a few scientists hoping to tap into the power of social media tools and the whole web-two-point-ohhhh thing.

This from Brian Krueger:

“I came across your blog during my weekly Google search for “science social network.” I thought you might be interested in my website, LabSpaces.net. It’s a social network for the sciences that I’ve had on-line for the last two years and I recently got my University to send out a press release about it. I think you should stop by and check it out. Let me know what you think, I’m always looking for suggestions on how to improve the site.”

LabSpaces has all of the features of a social-networking site with the addition of a daily science newsfeed, lab profiles, a science forum, blogs, and a science protocol database. Apparently, the site provides space for researchers to create their own user profile, add their publication history, upload technical research protocols, blog about science, and share research articles with the community. The site will soon host a free video conferencing service to facilitate long distance collaborations and journal clubs.

New Zealander Peter Matthews who works in Japan emailed:

“I am a full-time researcher from NZ, working in Japan, at a museum with many international research visitors. This multilingual environment made me very aware of: (1) the difficulties that non-English based researchers face when using English, and (2) the difficulties that English mono-linguals face when trying to access or publish research in other important research languages, such as Spanish, Chinese, Japanese, French, and so on. Hence my website: The Research Cooperative - http://cooperative.ning.com. Please have a look, join if you want, and please tell any friends and colleagues about this site if you think they might find it useful.”

Pascal Boels, Managing Director of SurgyTec.com emailed with a medical tale:

“Our website is for and by medical professionals. It’s a video-sharing site for surgeons and medical professionals to show off their newly minted skills. It makes it easy for medical professionals to upload videos or slideshows and share those with the community. You can search for videos by specialty, organ/region, tissue, etiology, operation type, or technique. Many surgeons perform original and high-quality techniques in their operating room and equally many surgeons would like to learn from these new and inspiring techniques. Up till now it was very difficult, time consuming and expensive to take a look in each others operating room and share practical knowledge, tips and tricks. Surgytec.com provides the solution for this problem. We are currently serving over 4000 surgeons from more than 124 countries, sharing over 400 procedures

Priyan Weerappuli had long been interested in scientific research but felt that applied research was guarded by private institutions while basic research was held within the confines of colleges and universities by overpriced journals and an oversimplification that occurred whenever research results were translated for more general audiences. His forum/platform will attempt to open this research to a general audience - http://www.theopensourcescienceproject.com

Some correspondents are claiming they’re approaching web 3.0 nirvana:

“ResearchGATE is proud to announce a major update: We greatly improved our search functionality and called it ReFind. The name symbolizes the importance of an efficient and result-driven search functionality within research in general and within our network in particular. ReFind is one of the first search engines based on semantic, “intelligent” correlations. It enables you to find groups, papers, fellow researchers and everything else within and outside of ResearchGATE without having to read through dozens of irrelevant results. Just type a few sentences into ReFind or simply copy and paste your abstract. Our semantic algorithm will then search the leading databases for similar work, providing you with truly relevant results.” [Sounds like my Zemanta/ResearchBlogging.org idea, DB]

One observer pointed out, however, that ResearchGate’s semantic search is maybe not the greatest thing to happen to search in a decade (especially, when we have the likes of True Knowledge Ubiquity, and Zemanta. Indeed, some users have said it is not much of an improvement on conventional search.

Then there was:

“ScienceStage.com - Science in the 21st century - A wide forum for science - on an interdisciplinary, international and individual level. ScienceStage.com, the only universal online portal for science, advanced teaching and academic research, bridges a major gap in scientific research and learning. ScienceStage.com is a virtual conference room, lecture hall, laboratory, library and meeting venue all in one.”

But, perhaps the best is saved for last. An Oxford graduate student, who has completed his PhD, Richard Price, has launched Academia.edu, which he says does two things:

“It displays academics around the world in a ‘tree’ format, according to which institution/department they are affiliated with. And, it enables researchers to keep track of the latest developments in theirfield - the latest people, papers, and talks.”

Price wants to see every academic in the world on his tree and already has Richard Dawkins, Stephen Hawking, Paul Krugman, and Noam Chomsky as members. But, that’s the hype what about its potential? It resembles BioMedExperts because both use a “social” publishing tree, but is that enough to engage scientists?

It will be interesting to see whether any of these sites gain the traction their creators hope for and how things will pan out as the credit crunch bites harder. “There are a bunch of them out there,” Krueger told me, “It’s kind of scary how many came out after Nature and I went on-line in 2006. There’s definitely a lot of competition out there, it seems like a new one appears every month. I wonder how the economy and loss of tech funding is going to affect the larger start-ups.”

Then, there are those perhaps more well-known social media sites and networks for scientists, that are listed in no particular order:

Nature Network - uber network from the publishing giant

BioMedExperts - Scientific social networking

BioWizard - Blogged up Pubmed search

Mendeley - Digital paper repository and sharing

Labmeeting - Ditto

YourLabData - socialised LIMS

SciLink - Sci-Linkedin

Myexperiment.org - mostly workflows.

Laboratree.org similar to Researchgate. Not particularly social beyond groups and sharing documents with collaborators, but email is better, and arguably more secure.

scitizen.com - collaborative science news publishing

SocialMD - Med-Linkedin

Ozmosis - Ditto

DNA Network - network of DNA/genetics bloggers

ResearchCrossroads - Socialised grant databases

MyNetResearch - Socialised LIMS at a price

SciVee - YouTube for scientists (see also Watch with Sciencebase page

Scientist Solutions - science chat

There are so many, I can barely keep up, but if you have any you think I should add to the list, let me know via the comments box below. Or, more importantly, if you have used any of these systems please leave your thoughts.

Meanwhile, my apologies if you were expecting a lesson in how to use the likes of Twotter, FiendFreed, Ding, Pyuke, or Facebok’s feeble science apps, to help you get on in science socially, but I thought it was about time I did some linking out to the web 3.0 brigade in the world of science, so here they are.

Addendum: Since David published this piece in early November, BioJobBlog learned about several other social networks for scientists including labroots, beaker, scientistsolutions and wizfolio.

Until next time…

Happy Thanksgiving!!!!!!!!

 

BioCrowd-Beta Is Ready For Launch

I want to let my readers know that a beta-version of BioCrowd is ready for review. For those of you who may not know about BioCrowd, it is a social network for life sciences students and professionals that was created by Vincent Racaniello a Professor at Columbia University College of Physicians and Surgeons and me. 

The reason we started BioCrowd was that Vincent and I both perceived a need for undergraduate and graduate students and postdoctoral fellows to more effectively network with established scientists and life sciences professionals to further advance their careers or find jobs. The social interactivity of Facebook and the business connectivity of LinkedIn are what led to the creation of BioCrowd.

We are looking for a few brave women and men who want to help to beta-test BioCrowd before we launch.  If you are interested, please visit us at www.biocrowd.com and drop us a line.   For those of you who don't want to participate at the moment, but want to learn about our progress, you can follow us on Twitter and FriendFeed ,

Until next time...

 

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

More Job Cuts and Plant Closures at Pharma Companies

Astra Zeneca announced today that it would cut 1400 jobs and close several manufacturing facilities worldwide. According to a post on the Pharmalot blog “about 600 full-time jobs will be lost in Sweden as packaging operations are expanded in Wuxi, China. The cuts will come on top of the 7,600 positions the drugmaker plans to eliminate by 2010. The plant closings will occur in Spain, Belgium and Sweden by 2013. Manufacturing jobs will also be trimmed in Sweden and the UK as production is shifted to lower-cost countries in emerging markets.”

On Tuesday Wyeth disclosed that it was eliminating 70 positions at its Pearl River, New York, facility (which employs 3,200 workers, 118 employees at its Rouses Point facility in upstate New York that employs 725 people work, and 124 jobs at its Sanford, North Carolina manufacturing facility. Ironically, as more and more US workers are laid off, many big pharma companies like Merck, Pfizer and GlaxoSmithKline are expanding operations at their research facilities in India. In fact, Merck is doubling its headcount from 800 to 1,600 employees at its research facility in India that was opened a little over a year ago.

Until next time…

Good Luck and Keep on Looking!!!!

 

Job Watch: Which US Metropolitan Areas Have Had the Largest Number of Mass Job Layoffs So Far this Year?

If you were thinking East Coast cities you would be wrong. Think further west! You can view the top ten list here.

The old saying “Go West young man/woman” is no longer apt in this economy.

Until next time…

Good Luck and Good Job Hunting (there are still some out there)

 

Bristol-Myers Squibb Announces $2.5 Billion in Cuts and Layoffs

Bristol-Myers Squibb (BMS) made a presentation this morning at the Credit Suisse Healthcare Conference that showed the company plans on saving an additional $2.5 billion in “productivity initiatives.” According to its new CFO, the company plans to squeeze the savings out of “headcount and related costs” — which  likely means more downsizing and layoffs.  Rumors have it that these job cuts will take place by December 1, 2008 just prior to when employee bonuses are traditionally decided.

To make matters worse, the Pharmalot blog reported today  that "the drugmaker earlier this week sent a voicemail to employees saying a 2 percent cost of living increase will be given this year to those who are meeting or exceeding performance standards."  The announcement has lead to speculation among BMS employees whether or not the same ceiling will be applied to the bonuses and stock rewards handed to Bristol-Myers CEO Jim Cornelius and members of his executive team.

Heavy losses incurred  by its former CFO who "bet the store" on mortgage-backed securities coupled with the recent, highly publicized failure of Jim Cornelius to purchase ImClone (to gain complete control over the multi-billion dollar Erbitux franchise) suggests that the future of the company may be in serious jeopardy.

Until next time…

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

 

The Annual Biomedical Research Conference for Minority Students Rocks!

I just returned from the Annual Biomedical Research Conference for Minority Students (ABRCMS) that was held in Orlando from November 5-8, 2008. The annual meeting, which is configured like most life sciences conferences with plenary oral sessions and poster presentations, is primarily intended to expose minority students to possible career opportunities in the life and biomedical sciences. I was at the meeting working for FASEB Careers as a career development and resume critiquing consultant.  

I have to say that this year's  ABRCMS was one of the most exciting and motivational meetings that I have attended in my career as a scientist and educator. Part of  the excitement and upbeat feeling at the meeting may have been a direct  result of last Tuesday's historic election of Barack Obama (who wasn't excited?).  Nevertheless, I met countless numbers of bright,  highly motivated and talented minority students who want to pursue careers in science, medicine and sometimes both! I was pleasantly surprised to learn that many of the undergraduate students who attend this meeting are actively engaged in basic research in laboratories at their institutions. Further, unlike many of their non-minority counterparts, most of the students who I chatted with were well informed about their intended careers and had divined well thought out strategies to help them realize their career goals and aspirations.

Kudos to the conference organizers and their sponsors! I look forward to attending next year’s conference in Phoenix, AZ.

Until next time…

Good Luck and Good Job Hunting!!!!!

 

 

GlaxoSmithKline to Restructure US Pharma Operations

The Pharmalot blog reported yesterday that GlaxoSmithKline (GSK) will tell its US pharma employees today about a new reorganization plan that will include more job cuts. The restructuring will primarily affect sales reps and some R&D personnel. GSK, like most other pharma companies, has been steadily downsizing operations and headcount for the past year or so at its US locations in Research Triangle Park, NC and Philadelphia PA

Look for the layoffs to occur before Thanksgiving—just about the time when employee’s annual bonuses are calculated.

Until next time…

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

P.S.  It was learned today by the Phamalot Blog that 1,880 sales reps and sales support staff job will be eliminated over the next few months. Also, the company may consolidate its Philadelphia and Research Triangle Park headquarters.

 

At Last: A Website for Salary Comparisons and CEO Reviews

Do you ever wonder what the person who you share an office with is making? Or, have you ever wondered what other people think about the CEO of your company? Or, should I consider working at that company? The answers to these questions and more can now be found at a 4-month old website called Glassdoor.com.

The well designed and easy–to-navigate website allows employees to anonymously post their salaries and write uncensored reviews about their bosses, fellow employees and the companies at which they work. The site also ranks executive performances based on the reviews that it receives.

It is a wealth of information and a must for people who are looking for new jobs or career opportunities. Two of the most important questions that all jobseekers want answered when looking for a new job are compensation and the quality of a workplace environment or corporate culture. Until now, these things were difficult to parse. Not anymore! Check out Glassdoor.com and you might find answers to those nagging questions that you may have about your company, colleagues and CEO!

Until next time…

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

 

 

Looking to Improve Your Business Acumen?--A New Mini-MBA for Biotech

I am frequently asked by life sciences PhDs whether an MBA would improve their chances of finding a job in industry. And, my response is always “maybe— because it depends. I don’t think that getting a traditional MBA really gives you that much of an edge especially if you are an established PhD looking for career advancement or change.  However, if you are a graduate student or postdoc who has already decided that academia is not for you, then getting a certificate or M.S. through an established graduate program in biotechnology (Georgetown University’s M.S. in biotechnology or The New York Center for Biotechnology's  Fundamentals of Bioscience Program) may increase the likelihood of winning a job in industry. This is because hiring managers recognize that in addition to a job candidate’s technical competency, they possess an understanding of the business aspects of the industry—something that is vital for scientists to be successful in the biotech biz.

Recognizing this, Rutgers University recently created a program that they call ‘a mini-MBA for the biopharmaceutical industry’. In contrast with traditional MBA or M.S. programs, the mini-MBA is a 12 week long, degree-granting program that was designed to familiarize students with the nuances and intricacies of the business aspects of the biopharmaceutical program. The good news is that they are actively recruiting students to fill the slots available in their inaugural class. The bad news is that it costs $4,995 to enroll. That said, it may be worth the time to check it out because—in the end—the investment may be worth it!

Until next time…

Good Luck and Good Job Hunting!!!!!

 

Wyeth to Refocus R&D and Cut Jobs

According to the WSJ Health Blog “Wyeth is overhauling its early-stage research by slashing in half the number of therapeutic areas and diseases for which it will pursue new medicines. The idea is to concentrate on more innovative products and get them to market faster.” Whenever large companies restructure or announce reorganization plans, job cuts are soon to follow. So, if you are a Wyeth employee I recommend updating that resume as soon as possible!

People close to the R&D restructuring (part of a larger plan, dubbed Project Impact) said the overall number of scientific jobs won’t change under the plan but some scientists will be cut because their skills aren’t transferable to other areas. Wyeth will eliminate discovery work in women’ health, reduce its therapeutic areas from 14 to 6 and continue to focus vaccines and biologics, where it has had great success with its pediatric pneumococcal vaccine, Prevnar, and the anti-inflammatory biologic Enbrel.

Wyeth joins several pharmaceutical companies, including Bristol-Myers Squibb and Pfizer, which have already decided to narrow the focus of their development efforts and focus more on biotechnology products. Don’t be surprise if other pharmaceutical companies announce similar restructuring plans. I predict that within 10 years or so, pharma companies will no conduct basic discovery research and abandon their internal pipelines. Instead, they will become drug “clearing houses” that specialize in developing products that were either purchased or in-licensed from smaller biotechnology and specialty pharmaceutical companies.

Until next time…

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

 

 

Merck to Eliminate 6,800 Jobs

 Merck announced today that as part of its ongoing restructuring plan to cut costs it will eliminate approximately 7,200 positions — 6,800 active employees and 400 vacancies — across all areas of the Company worldwide by the end of 2011.  This amounts to a 12 percent reduction in the company’s workforce. About 40 percent of the total reductions will occur in the United States.  To streamline management layers across the Company, Merck will reduce its total number of senior and mid-level executives by approximately 25 percent.  These positions are in addition to the 10,400 positions.  As of Sept. 30, Merck has approximately 56,700 employees. In addition to the layoffs, Merck will close three research facilities; one in Tsukuba, Japan; another in Pomezia, Italy and one in Seattle Washington by the end of 2009.

Merck expects the 2008 cutbacks to save the company $3.8 billion to $4.2 billion over the next five years. BioJobBlog reported several weeks ago that Merck had been quietly laying off employees since September. I suspect that today’s announcement comes as no surprise to employees who still work at the Company.

New Jersey once dubbed “America’s medicine chest” is starting to look less full!

Until next time…

Good Luck and Good Job Hunting

 

Impending Layoffs at Pfizer and Bristol-Myers Squibb

The Pharmalot blog reported today that Pfizer will likely layoff large numbers of R&D personnel over the next few weeks and months. This should not come as a surprise to Pfizer employees because the company recently announced that it would eliminate research in certain therapeutic areas including heart disease and obesity as part of a global reorganization plan. According to the company, the reorganization is expected to be completed by year’s end and operational in 2009. Inside sources say that the job losses should be significant and far reaching.

In other news, BioJobBlog learned today that Bristol Myers Squibb plans to announce company-wide layoffs by December 1, 2008. As previously reported by BioJobBlog, BMS has been quietly downsizing since last spring because of the impending patent expiry (in 2011) of its blockbuster anticlotting drug Plavix. BMS, unlike Pfizer, has been extremely circumspect about its impending layoffs which is causing a great deal of anxiety among its employees. The recent sale of ImClone, BMS’s partner for the cancer drug Erbitux, to Eli Lilly will undoubtedly contribute to additional layoffs at BMS in the future. Currently, Erbitux is BMS’s top selling biopharmaceutical product.

It goes without saying that it is not a good time to be a pharma employee. Unfortunately, as the old adage goes “things are likely to get worse before they get better”. 

Until next time…

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

Another One Bites the Dust: Neose Technologies a Carbohydrate-Based Therapeutics Pioneer to Liquidate its Assets

Back in 1993 when I was looking for an industrial job, I came across an ad for a research scientist at a Philadelphia-based biopharmaceutical company called Neose. Unlike most other biotechnology companies at the time, the company was focused on identifying and discovering drugs against carbohydrate-based targets—a novel idea at the time. Because I had spent the previous seven years working on carbohydrate biochemistry, I applied for the job and I was invited to interview for the position. At the time, Neose was a small, marginally-funded biotech company that was started in 1993 by a cell biologist from the University of Pennsylvania. 

I was very impressed with the company and thought that my background was consistent with the company’s long-term goals. Unfortunately, they never made me an offer and I went to work for one of Neose’s main competitors, a small, start-up company called Transcell Technologies. Plagued by poor management and a weak technology platform, Transcell Technologies was sold and liquidated in 1999.

Neose ultimately went public and had to reinvent itself several times over the past 14 years. At one point, it had developed a novel carbohydrate-based PEGylation technology for recombinant therapeutic proteins and monoclonal antibodies, which appeared to be gaining traction in the biogenerics market space. Unfortunately, it was “too little, too late” and like most other companies focused on carbohydrate drug discovery, Neose couldn’t sustain itself. Consequently, Neose recently inked separate deals with Novo Nordisk and BiogeneriX to liquidate most of its assets for cash deals worth only $43 million. Both companies had been collaborating separately with Neose on it clinical development programs.

Neose reported that it would retain certain intellectual property rights including those related to producing glycolipids. Like Pharmacopeia, another biopharmaceutical pioneer that recently sold its assets, Neose had a solid 15 year run—something that most biotechnology companies can only dream about!

Until next time…

Good Luck and Good Job Hunting!!!!

 

US Pharma Jobs: Some Good and Bad News

Let me begin with the good news. The Indianapolis Business journal reported today that Schwarz Pharma Manufacturing, Inc is planning a $12 million expansion of its Seymour, Indiana manufacturing plant and distribution center. When completed the expansion is expected to increase the company's employment in the southern Indiana city from 366 to 516 by 2011. The drug maker-a unit of Schwarz Pharma AG of Monheim, Germany-said it plans to begin hiring managers, business associates and production staff later this month.

And now, the bad news. The Pharmalot Blog reported today that the New Jersey-based generic manufacturer Par Pharmaceuticals is eliminating 26 percent of its workforce expected to save from $45 million to $55 million a year. Jobs will be lost in manufacturing, research and development, and other departments. How much more downsizing and job elimination can New Jersey take before it goes bankrupt? Maybe Icelanders can shed some light on that?

Until next time….

Good Luck and Good Job Hunting

 

The World's Top Fifty Life Sciences Companies in 2008

Pharmaceutical Technology Europe published a list last month called the Pharma Exec 50 for 2008. To qualify for the list, companies had to have more than $510 billion in sales.  Unlike other lists of this ilk, it is easy to read, visually appealing and mentions each company’s top selling drugs and their annual R &D spending.  It is definitely worth a read by people who need or like to stay abreast of the life sciences industry. And for a change, the list was compiled by a European rather than an American publication. Not that there is anything wrong with that!

Until next.....

Good Luck and Good Job Hunting!!!!

 

 

The One that Got Away: Lilly to Buy ImClone

After months of melodrama and acrimonious exchanges between Jim Cornelius and Carl Icahn, Eli Lilly, not Bristol-Myers Squibb, will acquire ImClone and gain access to the multibillion Erbitux franchise. In the end, Carl Icahn, ImClone’s Chairman, got the $70 per share that he wanted for ImClone stock.

BMS’s reluctance to purchase ImClone at the $70 per share price is puzzling. The Pharmalot blog reported that Jim Cornelius, BMS’s CEO, released the following statement after the ImClone/Lilly deal was finalized “We are pleased to have initiated a process that has resulted in the substantial increase of ImClone’s value for all of its stockholders. Perhaps Bristol-Myers has made a comfortable bid for ImClone which would be, in our view, very attractive to the company. If however, it did not succeed then it can liquidate its stake at a premium.” This makes about as much sense as Sarah Palin’s explanation of the factors responsible for global warming—the amount of money that BMS would garner if it liquidates its 16% stake in ImClone would pale in comparison to revenues that would annually accrue from Erbitux sales. Apparently I am not alone in my thinking. According to a financial analyst “the stake’s value independent of full ownership of IMCL is NOT strategic, and gets BMY nothing,”

In my opinion, Jim Cornelius’s failure to acquire ImClone (at any cost) has jeopardized BMS’s future. He had the opportunity to right the wrongheaded licensing deal that his predecessor Peter Dolan entered into with ImClone. The inability of BMS to retain at least partial ownership of its flagship biotechnology product doesn’t bode well for a company that is trying to reinvent itself as a “next generation biopharma company”—if there is a next generation at BMS.

 Until next time…

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

 

The End of an Era: Ligand Pharmaceuticals to Buy Pharmacopeia for $70 Million in a Stock Deal

New Jersey-based Pharmacopeia, the first-ever combinatorial chemistry company, announced that it had agreed to be purchased by Ligand Pharmaceuticals in a stock deal worth about $70 million. Onetime a leader in combinatorial chemistry and high throughput screening, Pharmacopeia has struggled of late after it jettisoned its profitable molecular modeling division several years ago. While the company was able to advance several of its lead compounds into early phase clinical testing, its  longtime business model, predicated on multiple, small discovery deals with large pharmaceutical companies, was unable to provide enough capital to continue to sustain operations.

Pharmacopeia was established in 1993 after its founders licensed from Columbia University several of the first issued combinatorial chemistry patents. The company was a pioneer in combinatorial chemistry (and subsequently high throughput screening) and was the first to publicly tout the virtues of combinatorial chemistry in drug discovery. By the mid-1990s, many pharmaceutical companies had embraced combinatorial chemistry as the “next big thing” and began eliminating traditional natural product and medicinal chemistry jobs. The industry’s love affair with combinatorial chemistry grew so strong that many companies (most notably Merck), completely eliminated their natural products discovery departments in the late 1990s. Unfortunately, the role of combinatorial chemistry in drug discovery never lived up to its promised potential and was largely abandoned in the early 2000s. Although combinatorial chemistry is now part of the modern day drug discovery paradigm, this onetime “shining star” has largely been relegated to a minor supporting role.

I first became acquainted with Pharmacopeia in 1994 after I took a job with Transcell Technologies, a now-defunct biotechnology company that was co-located with Pharmacopeia in a research facility in Monmouth Junction, NJ. While Transcell and Pharmacopeia shared a cafeteria and some common laboratory equipment, Pharmacopeia employees were strictly forbidden to talk with Transcell employees— lest they inadvertently divulge proprietary combinatorial chemistry concepts that might jeopardize the company’s future. Coincidentally, a guy who lived two doors down from my family and me turned out to be Pharmacopeia’s in-house intellectual property attorney. Although, Ron and I became good friends, he was also extremely tight-lipped about the “goings-on” at Pharmacopeia. Privately-held Pharmacopeia went public in 1995 and at one time, its market capitalization was almost $1.0 billion.

By any reckoning, a 15-year run is outstanding for a biopharmaceutical company. However, as the old adage goes, “All good things must come to an end.” At present, it is not clear, whether or not California-based Ligand will relocate the company or cut jobs. Nevertheless, Pharmacopeia’s impending demise sends a clear signal that the golden age of combinatorial chemistry has ended!

Until next time….

Good Luck and Good Job Hunting!!!

 

The Mysterious Stranger Revealed: Eli Lilly Bids $6.1 Billion for ImClone

 

Carl Icahn wasn’t bluffing—there really was another company conducting due diligence on ImClone. And, true to Mr. Icahn’s word, Eli Lilly finished its due diligence late Wednesday and announced today that it will bid $6.1 billion or $70 per share to purchase ImClone. Mr. Icahn has steadfastly insisted that $70 per share was his magic number and that he wouldn’t sell the company to anyone for less than that. While I have been critical of Mr. Icahn in the past, I have to tip my hat to his negotiating skills and his ability to seal a deal.

Lilly’s bid places enormous pressure on Bristol-Myers Squibb to offer considerably more than $70 per share to prevent Eli Lilly from acquiring ImClone. Given BMS’s tenuous status as an independent pharmaceutical company, it cannot afford to lose its share of the $1.3 billion in sales that Erbitux generates annually. Further, BMS is trying to reinvent itself as “next generation biopharma company” using Erbitux as its flagship product. That said, BMS’s future may hinge on its ability to purchase ImClone— something that it ought to have done years ago to avoid the bidding war with Lilly that is about to ensue.

Stay tuned for the next installment of “As the deal turns.”

Until next time...

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

 

Breaking Up Is Hard to Do: Pfizer to Cut Jobs and Refocus Research Efforts

 

Pfizer announced earlier today that it was going to cut R&D jobs and abandon its research efforts in the areas of cardiovascular diseases, cholesterol management, osteoporosis, anemia and liver and muscle diseases. The company plans to refocus it drug development in five therapeutic areas including Alzheimer’s; diabetes; immune disorders and inflammation; cancer; pain; and mental illness, including schizophrenia. Also, the company will continue its work on anti-thrombotic agents to prevent blood clots.

The job cuts and refocusing are part of a previously announced plan to cut about $2 billion dollars from Pfizer’s operating budget. Over the past 15 years, Pfizer has gone on an unprecedented buying spree in an attempt to acquire blockbuster drugs and bolster its flagging internal drug development pipeline. Unfortunately, the gamble has not paid off and Pfizer must now attempt to reinvent itself to restore shareholder value and instill investor confidence. 

Unlike many of its competitors, Pfizer failed to invest in and capitalize on early opportunities in the biotechnology industry. The company has been trying to play catch up ever since. To that end, over the past year or so, Pfizer invested in or purchased several small biopharmaceutical companies to demonstrate its commitment to biotechnology.  It may be “too little too late!” Unfortunately, because of a lack of vision and foresight by company executives, many Pfizer employees will have to pay the ultimate price of losing their jobs as the US falls deeper into recession.

Hat tip to Pharmalot and the WSJ Health Blog.

Until next time…


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

 

Jobseekers Beginning to Favor Social Networking over Online Career Sites to Find Jobs

Online career sites like Monster.com, CareerBuilder.com and Yahoo Hot Jobs have gotten so big and over subscribed that they are no longer useful to most jobseekers. Many career development experts have discovered that the large career sites tend to overwhelm jobseekers because of the enormity of job possibilities that appear on them.  Unfortunately, this seemingly endless supply of job opportunities frequently induces jobseekers to spend too much time applying for online jobs and not enough time exploring non-internet based job possibilities. While applying for online jobs is facile and may be emotionally-gratifying, it usually doesn’t culminate in many face-to-face interviews or job offers for that matter. This is because most online job applications are screened by software programs looking for key words or phrases and, if your resume doesn’t contain them it will not be reviewed by a human. Further, many of the openings posted on job boards are actually placed there by recruiters and contract employment agencies—not actual companies seeking to fill positions. Often times, recruiters post expired or fictitious job descriptions on the boards to “pad” their candidate databases with qualified applicants who can be used for future job orders. Finally, sometimes unscrupulous people/companies place false or misleading ads on the big job boards. Unfortunately, these people have no qualms about taking financial advantage of job seekers who may be desperate or “down on their luck

The declining usefulness of the big online job boards has given rise to smaller career sites like Indeed.com and Simply Hired.com which are driven by powerful search engines and permit jobseekers to customize job searches based on industry, geography, salary and job availability. Other companies like BioInsights.com and OneScience.com have built niche job boards that specialize in industry-specific job listings (in this case pharma and biotech). While these new careers site are more focused, easier to navigate and frequently yield better results than the large job boards, they too can be exploited by recruiters and unscrupulous would-be employers. 

The growing popularity of social networking sites represents an important paradigm shift for jobseekers and employers. Belonging to popular social networks like LinkedIn, Facebook or Plaxo allows job seekers to cast a wider net by taking advantage of the contacts or connections that their “friends” may have at various companies and organizations. Further, it is not uncommon for people within a network to pass on resumes or put in a good word to hiring managers on behalf of friends or contacts from their network who are seeking employment.  However, it is important to also point out that recruiters and contract employment agencies have also recognized the potential and power of social networks. Recruiters and HR specialists now routinely troll social networks (particularly Linked In and Facebook) for qualified candidates and don’t hesitate to contact “qualified candidates” whether or not they are actively looking for a job. Finally, and perhaps most importantly, hiring managers and recruiters are becoming increasingly reliant on social networks to screen and gather personal information about job candidates to assess their suitability for certain jobs. According to a 2006 study conducted by the Society for Human Resource Management, recruiters use social networking sites 23 per cent more than they did in 2006 to verify resumes, screen applicants and fill vacancies. Also, the study found that possible negative information posted on social network profiles—personal views, alcohol or drug use, sexually-oriented pictures or social commentaries— have a greater impact on hiring decisions than any positive information that may also appear on job seeker profiles.

The growing use of social networks by job seekers to find employment and employers and recruiters to screen job applicants has profound implications for people who belong to these networks. With this in mind, if you currently have profiles associated with your legal name on social networks like Face Book, MySpace or Linked In, I strongly recommend that are completely devoid of the following: 1) sexually suggestive or explicit photographs, 2) posts or photos depicting excessive alcohol or drug use, 3) any rants that you may have posted about your boss or a current place of employment and 4) personal information about your age, marital status, children or sexual orientation. Also, if you are actively involved in a job search, it is a good idea to upload a short bio or resume to your profile and to post any bonafide recommendations or career award and honors that you may have received. However, if you find the prospect of having to sanitize your MySpace and Facebook profiles unpalatable, then I suggest that you remove your name from your current profile(s) and replace it with an alias (your friends will still  know who you are) and build another profile with your real name for professional use only.   

We live in a highly competitive, constantly-changing world where even slightly negative perceptions about a person may mean the different between employment or not. Ironically, while the Internet allows greater freedom of expression, it also permits people with decision-making powers to more easily scrutinize our daily activities and gain greater insights into our personal lives. Consequently, the onus is on jobseekers to regulate or control what prospective employers may learn about them online. Put simply, the success or failure of your career may literally be in your own hands. That said, the next time that you update your Facebook or MySpace profiles take a moment (before you hit the “send button”) and ask yourself whether or not the new information “is going to help or hurt my career?”

Until next time…

 

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

 

Some Cool Web 2.0 Tools for Bioscientists

I was reading Karen Ventii’s Science to Life blog today and she “turned me on” to a couple of new web-based tools that I think might be useful to people who work in the biosciences. I added Karen’s recommendations to a list that I was building and decided that it had reached enough of a critical mass to share it with you.

The first of these new tools is called graduatejunction.com, a research community primarily aimed at graduate students and postdoctoral fellows. According to its founders—a team of UK graduate students at Durham and Oxford universities—the intent of graduatejunction.com is build a community of graduate students and postdoctoral fellows so that members can stay abreast of research activities within in the community and to connect with other community members who share common research interests. Not a bad idea, considering that many graduate students and postdocs frequently operate in intentional mentor-induced research vacuums.

The second is called labmeeting.com. It is a novel, web-based tool that helps researchers organize (and search) personal PDF collections, share laboratory protocols, Powerpoint presentations and other scientific data with their lab mates. The software was created by graduate students at Stanford University and it aims to organize laboratory research so that it can be conducted more efficiently and at a faster pace (time is money after all). I think that this concept has legs and might be a big winner downstream (although security will be of paramount importance).

Another new tool that warrants praise is biomedexperts.com that was created by Collexis, Inc. In my opinion, biomedexperts.com is the “mother of all” publication search tools and literature management systems. Billed as the first literature-based social network, it allows users to quickly perform personalized literature searches (based on authorship and research interests) and then identify potential collaborators or competitors who have published in the same research areas. Unfortunately, while biomedexperts.com is a “monster” web-based, literature search application, the communication and interactivity between community members is extremely limited and almost non-existent.

Finally, for those of you who are tired of using PubMed’s arcane Boolean search algorithm to find relevant publications, you might consider trying a new free search engine (semanticmedline.com) that allows users to search MEDLINE using phrases or “conventional sentences." Cognition Technologies, creator of the site, says its “semantic natural language processing technology "incorporates word and phrase knowledge to comprehend the meaning and nuances of the English language." Although early reviews suggest that semanticmedline.com might not powerful enough for doing comprehensive science literature searches, it may be useful in situations when you are working on a time-sensitive project or you need to quickly find an article for this afternoon’s journal club meeting (that you failed  to enter into your blackberry or iPhone).

Check them out—they are all pretty cool (for scientists anyway-not that there is anything wrong with that)!

Until next time

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

 

The Job Loss Carousel Keeps Spinning in New Jersey

The Pharmalot Blog reported today that Schering Plough will eliminate 1,000sales jobs or 20% of its sales force by October. This latest round of layoffs is part of a reorganization plan that was announced last year to cut 10% of it workforce by 2012 (although must of the downsizing will occur by 2010). The reorganization was announced shortly after Schering purchased Organon Biosciences and the “wheels came off” of its Zetia/Vytorin anti-cholesterol medication franchise.

In other news, BioJobBlog heard through the grapevine that Merck has been quietly laying off workers (since Labor Day) in an attempt to reduce its workforce by 20% over the next few years. Many very talented people who have been with Merck for years are looking for new jobs.

Finally, Montvale, NJ-based Memory Pharmaceuticals announced that it was laying off 55 workers or roughly 50% of its workforce. The company, which went public in a much heralded IPO in 2004, focuses on developing treatments for cognitive disorders. Although the company has never been profitable, the person who ran the company for the past three years (first as president, then CEO and finally CFO) earned $876,807 last year. Not surprisingly, he will be leaving the company as part of the downsizing initiative.

The ongoing pharma slowdown coupled with this week’s Wall Street meltdown (many people who work on Wall Street live in New Jersey) should make New Jersey a very challenging and interesting place to live in the coming months.

Hat tip to Ed at Pharmalot.

Until next time….

 

Good Luck and Good Job Hunting (I would avoid NJ)!!!!!!

How to Become a Pharmaceutical Scientist

Last week, I had the great fortune to meet (on the Recruiting Animal Show) a career development expert who despite her young age, has seminal insights into today’s job market and how to break into it. Alexandra Levit, a self-avowed GenXer on the GenY cusp, is the author of several books, including They Don't Teach Corporate in College, How'd You Score That Gig? and Success for Hire.

In addition to her book writing activities, Alex’s career advice posts are featured monthly in the Huffington Post and have been showcased in more than 800 media outlets including ABC News, the Associated Press, USA Today, the Wall Street Journal, the New York Times, National Public Radio, Fortune, Yahoo!, and MSN. She is recognized as one of her generations (X or Y?) preeminent career experts who regularly speak at universities and corporations on workplace issues facing young employees.

Alex and I got to talking after Animal' show and I learned that like me, she dabbles in the pharmaceutical career development arena. That said, she graciously agreed to allow me to post a piece that she wrote entitled “Want to Become a Pharmaceutical Scientist? Here’s How!” (see below) that offers guidance for entry level scientist who are considering careers in the pharmaceutical or biotechnology industries. Read and learn!

"Want to Become a Pharmaceutical Scientist? Here’s How!"

Talk about a career with intriguing possibilities. People entering the pharmaceutical research field today may be the ones discovering the cure for cancer or Parkinson’s disease tomorrow. Although the United States’ pharmaceutical companies sometimes get a bad rap, they routinely make astounding advances that save lives, and from what I hear, aren’t bad places to work either. If you’re a data-head who wants to use your scientific background for the greater good, you might consider becoming a pharmaceutical scientist. Here’s some detail about what breaking into the field entails.

Continue Reading...

BioJob News: Novartis to Expand Research Operations in Cambridge, MA

Novartis announced today that it will open a new research facility and hire an additional 150 people by the end of 2009 for a Research Center of Excellence in Virology in Cambridge, MA. That will increase the number of people employed by the company in Cambridge to more than 1,800 workers. Researchers at the new center will study vaccines for HIV/AIDS influenza, cytomegalovirus (CMV) and respiratory syncitial virus (RSV). 

The vaccine business once avoided like the plague by most pharma companies, has been growing by leaps and bound over the past five years and is sizzling hot these days. According to analysts, vaccines generated about $16 billion dollars last year. For example, Merck’s anti-human papilloma virus vaccine Gardasil generated $1.5 billion in sales in 2007.

Novartis clearly sees an upside in the vaccine business and is willing to make a wise investment for the future.

Until next time….

Good Luck and Good Job Hunting!!!!!

Social Networking and Scientific Research

Over the past year or so, social networking has taken the Internet by storm. This is largely  because social networking software purveyors like CrowdVine and Ning have provided out-of-the-box solutions that allow people to easily create social networks that strike their fancy. That said, will the advent of social networks do anything more than allow musicians to sell records or provide an easy place for people to hook up? To that end, Jessica a regular BioJobBlog reader sent me a story (see below) about a survey that was performed to gauge the possible impact of social networking on scientific research.

Social Applications to Play Deeper Role in Future Research

The future of social media will not just build friendships but support groundbreaking scientific discoveries.

Scientists and researchers are using social media… but mostly for professional reasons. A recent survey from 2collab reveals that over half of science, medical and technical information specialists working in academia and government institutions believe social networking will play a key role in shaping the future of research. Additionally, the study suggests tomorrow’s university faculty (respondents aged 25 - 44 in academic research positions who have published 1-10 articles) are already heavily using social media and are eager for the applications to be further developed for use in their work.

According to the survey which included 1,800 respondents, the top areas where social applications will have a major influence on research in the next five years include:

1.      Professional networking and collaboration (34.4%)

2.      Career development (26.4%)

3.      Critical analysis and evaluation of research data (25.3%)

4.      Dissemination of research output (24.5%)

5.      Conducting primary research (23.4%)

6.      Grant application and funding (22.7%)

Much to my delight, the results from the survey confirmed my belief that social networking among scientists would stimulate and be a boon to scientific research. This strengthened my conviction to move forward with the bioscience networking site, BioCrowd, that Vincent Racaniello and I plan to launch by the end of September, 2008. Rumor has it that their may be gifts for the first 100 people who join after launch.

So, don’t wait and become part of the BioCrowd today.

Until next time….

Good Luck and Good Social Networking (it will help you get a job!)

Astellas to Reduce It's Workforce by 200 in Norman, Oklahoma

Astellas, a company formed in 2005 following the merger of Japanese-based pharmaceutical giants, Yamanouchi Pharmaceutical Co. Ltd. and Fujisawa Pharmaceutical Co. Ltd, announced that it is hoping that 200 pharmaceutical workers in its production facility in Norman, OK will take early retirement to cut labor costs. The downsizing is in response to impending patent expiry of the company’s blockbuster urology product Flomax.

A company spokesperson said “The early retirement program seeks to reduce the workforce by about 30 percent, which would leave about 140 people at the Norman plant.” The loss of these jobs is likely to have a substantial economic impact on the small Oklahoma town many of whose residents have worked at the plant for over 20 years.

Astellas employees around 17,000 workers worldwide. When pharmaceutical jobs are cut in OK, you know the industry is in bad shape.

Hat tip to Ed at Pharmalot

Until next time…

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

More "Belt-Tightening" at Bristol-Myers Squibb

A little over a year ago, Bristol-Myers Squibb (BMS) launched its “productivity transformation initiative” (PTI) designed to “transform” the company into a next generation biopharma leader. As most of you may already know, PTI is corporate speak for layoffs and downsizing.

The PTI was largely in response to impending loss of patent protection in 2011 of its blockbuster Plavix, an anti-thrombosis drug that BMS co-markets with Sanofi Aventis. While BMS has a deep and innovative drug pipeline, the likelihood that the company will be able to replace Plavix revenues with one of its investigational drugs is remote.

To make matters worse, late last week, one of Plavix’s likely successors, an investigational anti-clotting drug called apixaban (being co-developed with Pfizer) failed to meet its primary clinical endpoints in a pivotal Phase III clinical trial called Advance 1 which was designed to evaluate the drug for prevention of venous thromboembolism in patients undergoing total knee replacement.  The 3,195-patient study compared apixaban, an oral Factor Xa inhibitor given at a dose of 2.5 mg, twice daily, to twice-daily 30mg injections of Sanofi-Aventis’ Lovenox (enoxaparin). This late stage clinical failure prompted the company to announce that it would no longer seek approval of apixaban in 2009 as previously planned.

Early this week, BMS ratcheted up the PTI and imposed a total hiring freeze for all permanent employees, consultants and leased workers (contractors). Previously, vacated permanent or temporary positions could be refilled if appropriate, qualified job candidates were identified. Finally, the company announced today that it would permanently ground its corporate fleet of jets that was operating out of Mercer County Airport in Trenton, NJ. According to an article in my local paper, the Trenton Times, BMS plans to sell four aircraft and layoff about 32 employees, mostly pilots and mechanics. 

Despite all of the other PTI initiatives implemented to date, the decision to sell all of its corporate jets sends a clear signal to stakeholders that BMS truly “means business”! I guess Jim Cornelius and other BMS executives will have to book commercial flights or take Amtrak to out-of-town meetings for the foreseeable future. That said, I doubt that Jim and others will be driving or taking the train to meetings in New York City or Washington—the corporate helicopter fleet is still operating!!!!!

Until next time….

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

Genentech: A Company That Got it Right

As you all know by now, Roche, last month, rocked the biotechnology world by tendering an offer to purchase the remaining shares of Genentech that it doesn’t already own.  The first offer made by Roche was summarily rejected by Genentech because its board felt that the offer undervalued the company.  I have no doubt that Roche and Genentech will eventually agree on a purchase price. That said, when companies are purchased, employees of the purchased company are typically laid-off or re-organized out of jobs. In marked contrast, Genentech announced (as expected) that it would offer virtually all of its 10,700 employees retention bonuses to remain with the company if it is purchased by Roche. These bonuses could cost Genentech as much as $371 million.  It was reported that the retention bonuses will be paid whether or not the merger goes through, and are in lieu of 2008 stock option grants.

Even with the bonuses, keeping employees could be a challenge for Genentech. Many Genentech employees (especially those who have been with the company for many years) are expected to become much wealthier if Roche pays a high price for their stock, particularly if unvested stock options vest immediately. That might mean some employees would no longer have to work for a living or might start their own companies to compete with Genentech. Many small biotech startups in the Bay area were started by Genentech alums.

Regardless of the outcome, Genentech’s retention bonus offer is another example of why Genentech was able to seperate itself from the rest of the biotech pack.  It is evident that CEO Arthur Levinson (one of the company's founders) understands something that many CEOs don’t—that employees are a company’s greatest asset.

Roche’s eventual acquisition of Genentech will signal the end of an era for one of the biotechnology industry’s most successful pioneers. It will truly be a sad day in the biotech world when the deal is finally consummated.

Until next time…

Good Luck and Good Job Hunting (try Genentech next Fall—there will be a mass exodus)

Abbott to Shed 1,000 Jobs

Ed Silverman at the Pharmalot blog reported that Abbott disclosed in a Securities and Exchange filing that it will cut about 1,000 jobs in medical diagnostics over the next four years to cut costs and save about $150 million per year.

According to an Abbot spokesperson “The streamlining includes the closing of a clinical chemistry plant in South Pasadena, California and transferring production of some diagnostic products to plants in Europe that are closer to a big part of the company’s customer base.”

I guess this is good news for Abbott employees—the company could have eliminated all 1,000 positions in one fell swoop. The four year timeline gives current Abbott employees some time to beef up their resumes.

 

Until next time…

 

Good Luck and Good Job Hunting!!!!!

Interviewing 101: Are Your Ready to Rock That Face-to-Face?

When I was a professional recruiter, I would always call my candidates the day before a scheduled face-to-face job interview to: 1) confirm the interview location and start time 2) insure that the candidate clearly understood the interviewing process and the schedule that he/she would be following and 3) to pump them up by giving them a pep talk reminding them how qualified they were for the position. Although most  of my candidates thought I was just me being nice, I really had ulterior motives (since I was a contingency recruiter and their performance could mean the difference between a paycheck or not). Further, I wanted to confirm that in addition to being mentally prepared, that my candidates were also physically ready for the interview i.e. they were wearing the appropriate clothes and shoes, knew exactly how they were going to get to the interview, made sure that all cell phones and beepers were turned off during the interview etc, etc.  As everybody knows (but is reluctant to admit) looks and image really do count when it comes to finding a job!

Many recruiters I know send their candidates an interview physical appearance preparedness checklist that they are instructed to follow before they leave their homes for a job interview. Of course, most candidates never bother to read the checklist (who wants to read stuff that you think is obvious?). And, not surprisingly, many candidates don’t get job offers because they were physically unprepared for their face-to-face.

 

Times have changed drastically since I was a professional recruiter. However, one thing that has remained unchanged is the need to be physically presentable and to act professionally at all times during a face-to-face job interview. Coincidentally, I came across an online “interview image quiz " that assesses whether you are physically and professionally prepared for your next face-to-face.

Check it out—you may learn a thing or two (and possibly get a job offer!)

 

Until next time….

 

 

Good Luck and Good Job Hunting!!!!!

Round 2: Genentech vs. Roche--No deal!!!!!

 As expected, Genentech summarily rejected Roche’s offer to purchase it for $43.7 billion. Genentech executives claim that Roche’s offer is too low and it undervalues the actual worth of the company. Roche offered Genentech about $88 per share for remaining 44% of the outstanding shares of stock that it doesn’t already own. Many Wall Street analysts think that the actual value of Genentech stock is roughly $100 per share. As any business person knows (with or without an MBA), the first offer is usually not the last offered that is tendered in any deal.

 

Because Roche owns a majority controlling interest in Genentech, it is not clear whether Genentech can avoid actually being purchased by Roche. Genentech executives have publicly stated that earlier agreements between the two companies that guide the sale of Genentech may no longer be in effect and that they will not abide by them.  I suspect that only time (or perhaps the courts) will tell.

 

Roche has already indicated that if it acquires Genentech, there will likely be job cuts to its 10,700 member workforce (something that Genentech wants to prevent). I suspect that Genentech’s rejection of Roche’s offer is the first in a series designed to maximize shareholder value for Genentech (not to mention the large sums of money that company workers and executives who own stock options will make as a result of a sale).

 

I predict that Roche will ultimately buy Genentech. The only thing that remains to be determined is how much Roche will have to pay to acquire the biotech giant. Roche cannot afford to let this deal go south—a bright and successful future depends on it!

 

If I were a Genentech employee, I would be dusting off the old resume right about now.

 

Until next time….

 

Good Luck and Good Job Hunting!!!

Interviewing 101: Sizing up the Interviewer

As we all know (or should by now) the face-to-face interview is the most important part of any job search. I and others have lectured and written exhaustively on appropriate interviewing behaviors and the requisite skills that must be developed to become a successful interviewee. However, it is important to point out that you are not the only person in the room during an interview—let’s not forget about the interviewer! To that end, little has been written about the types of interviewers that a job candidate may encounter during the face-to-face. As somebody once advised me, knowing your “enemy” can go a long way to insure success. 

With this in mind, I came across an informative article that describes 6 different types of interviewers that job candidates can expect to encounter during a face-to-face job interview. More importantly, the author provides insightful tips on how to manage each of them. As an aside, I have encountered each of the six types during my long and illustrious quest for my dream job.

 

If you have an upcoming job interview, I highly recommend that you read the article. It may make the difference between a job offer or not.

 

Until next time…

 

Good Luck and Good Job Hunting!!!!!

Is the Irish Bubble Bursting?????

Pfizer announced today that is it closing a manufacturing facility in Cork Ireland.  Approximately 180 people will lose their jobs. Pfizer tried to sell the plant but was unable to find a buyer. The Cork plant will officially be closed sometime in 2009.  Another of Pfizer’s five Irish manufacturing facilities located in Ringaskiddy is also on the block. That facility employs about 300 people. Pfizer cites the 2006 failure of torcetrapib, an experimental cholesterol drug as the reason for the plant closings.

Eli Lilly Sheds over 100 Clinical Jobs

Indianapolis-based Eli Lilly & Co announced today that it will transfer its clinical trial monitoring and data management operations to Quintiles and i3.  About half of the affected 265 Eli Lilly employees will lose their jobs.

Like other pharma companies, Lilly is looking at ways to cut costs. And as everyone knows, the best way to save money is to outsource operations and lay-off full time employees who are expensive because of high salaries and benefits.

Until next time….

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

Glaxo Rumored to Eliminate 350 Jobs in Philadelphia and Research Triangle Park

The pharma downsizing bandwagon continues to roll. Today, there are unconfirmed reports that GlaxoSmithKline will eliminate about 350 jobs at its R&D facilities in Philadelphia, PA and Research Triangle Park, NC.  The area that will be hardiest hit by the cuts is Glaxo’s oncology program, which has not yield much over the past decade or so.

Expect the pharma downsizing trend to continue well into this Fall.

Until next time….

Good Luck and Good Job Hunting (if there are any left to find)!!!!!!

Resume Insights: Dealing with Getting Fired

As much as I hate to admit it, I have been fired at least three times (usually for insubordination or rabble rousing) from jobs in my long and illustrious career. My guess is that anybody who has worked in the private sector has been fired at least once! Of course, nobody ever admits (unless asked) that they have been fired from a job. The point is that many people get fired and if you’re one of the unlucky people who get does fired; you will need to know how to deal with a “termination” on your resume. After all, once you are fired, you will likely need to look for a new job!

I came across a well- crafted post that provides ideas and insights about dealing with being fired and employment gaps when constructing a resume. Check it out—someday you may need to use some of the proffered tips.

Until next time….

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

Bristol-Myers Squibb Tenders an Offer to Buy ImClone

Bristol-Myers Squibb announced earlier today that its Board of Directors approved a deal to purchase ImClone for $4.5 billion. BMS already owns about 17% of ImClone’s shares and is ImClone’s US marketing partner for Erbitux, a monoclonal antibody treatment for colorectal and head and neck cancers. BMS bought Kosan Biosciences earlier this year for $195 million.

The ImClone offer comes after an announcement late last week from CEO Jim Cornelius who said that there will likely be more job cuts at BMS to keep pace with the company “productivity transformation initiative.”  Earlier this year, BMS sold ConvaTec, its wound care and medical device subsidiary for $6.5 billion which will likely provide BMS with the monies necessary to complete the ImClone purchase.

The acquisition makes sense for BMS because of its campaign to re-invent itself as a “next generation biopharma company.” Currently, BMS’s biotechnology roster consists of only two drugs: Erbitux (which was developed by ImClone and licensed by BMS) and Orencia a treatment for rheumatoid arthritis. That said, BMS has several monoclonal antibodies and other biotechnology drugs in its pipeline. I think that the purchase of ImClone makes BMS more attractive as a takeover target for Sanofi-Aventis or another major pharmaceutical company itching to get into the biotechnology frenzy.

BMS’s purchase of ImClone closes the book on a steamy and oft times nefarious drug development saga that I assume both companies would like to forget. As you may recall, in 2001, Peter Dolan, then CEO of BMS, cut a questionable licensing deal (and made a $2.0 billion investment in ImClone) for marketing rights to Erbitux. At that time, Sam Waksal, one of ImClone’s founders, was CEO of the company.  Shortly after the deal, BMS researchers discovered that the clinical trials data that were used to convince BMS that Erbitux was a treatment for colorectal cancer were flawed.  Because of this, BMS was forced to invest hundreds of millions of dollar and spend several more years before it would ultimately win regulatory approval for Erbitux.  Meanwhile, before the deal was finalized, Waksal, seeing a huge financial upside, engaged in insider trading of ImClone’s stock. Later, he disclosed that he needed the money to cover the enormous debt that he incurred because of his high profile NYC lifestyle. Ultimately, Waksal and his close friend Martha Stewart plead guilty to insider trading of ImClone stock and spent several years in prison.

Ironically, the acquisition of ImClone by BMS is something of a vindication for former CEO Peter Dolan. At the time that Dolan cut the deal with ImClone, many Wall Street analysts and industry insider thought that Dolan paid an excessive amount for Erbitux which was clinically unproven. Ultimately, Dolan was ousted as CEO after it was learned that he cut an illegal deal with Apotex, a Canadian generics manufacturer, to delay release of generic versions of its anti-clotting drug Plavix (co-marketed with Sanofi-Aventis) after expiry of Plavix patents in 2010.

The BMS-ImClone deal is one of several big M &A deals that have recently taken place as a result of financially-troubling times. Don’t expect consolidation in the pharma and biotechnology industries to subside any time soon!

Until next time….

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

FDA Orders Amgen to Change Its Label for EPO

After beating Wall Street expectations and disclosing positive results from an osteoporosis (densomab) clinical trial, Amgen was ordered by the US Food and Drug Administration (FDA) yesterday to change the labels for its EPO drugs (Epogen and Aranesp) that will likely further restrict their use in treating patients with cancer.

The label changes ordered by FDA represent the first time that the agency has invoked its power to change prescribing information for drugs that it previously approved. In the past, FDA could only negotiate with drug manufacturers about changes to labels and prescribing information. In my opinion, it’s about time that FDA has been empowered to unilaterally order these types of changes. I have long contended that negotiations between the agency and drug makers about labeling and prescribing information is not in the best interests of Americans who use prescription drugs. To that end, it was negotiations between FDA and Merck about whether the serious cardiovascular risks associated Vioxx should appear on the Vioxx label (they didn’t) that lead to the misuse, safety problems and ultimate recall of the drug.

While the ordered label changes are not good news for Amgen and its partner Johnson and Johnson which sells Procrit (EPO manufactured by Amgen and sold by J&J), they are in the best interests of all Americans who use these drugs to treat anemia caused by cancer chemotherapy and kidney disease.

Until next time….

Good Luck and Good Job Hunting (avoid A Thousand Oaks, CA)!!!!!!!!!!

GlaxoSmithKline is the Next Big Pharma Company to Embrace Social Media

It was only a matter of time after J & J launched its health channel on YouTube two weeks ago, that other pharma companies would begin to post videos on video-sharing sites. As a general rule, nobody in pharma wants to be first but after the first company takes the plunge, nobody wants to be left out or behind. Therefore, it came as no surprise when late last week, GlaxoSmithKline (which has a tendency to be second-to-market with competing products), launched a beta version of it so-called GSKCIC channel on You\Tube.

 According to a post on the Pharmalot blog, so far there are only two videos on the channel. One describes the company ongoing commitment and fight against disease in the developing world (ironically, the video ends prematurely).The second, which is full length, features CEO Andrew Witty telling us about his career at GSK (which began in 1985 as a management trainee) and how GSK is looking for a few good employees who “like a good challenge.” Curiously, the day after the Witty video appeared on YouTube, GSK announced that it was laying off about 90 workers or 10% of its work force at its manufacturing plant in Zebulon, North Carolina. A company spokesperson said that more cuts are expected at the North Carolina facility.

Maybe someone at GSK ought to tell its CEO that the company isn’t hiring at the moment?????????

Hat tip to Ed at Pharmalot!

Until next time….

Good Luck and Good Job Hunting!!!!

More Job Cuts Expected at Bristol-Myers Squibb

Despite an increase in profits, BMS announced today that it will continue with its Productivity Transformation Initiative (PTI) that was instituted last fall. According to the PTI, BMS must save $1.0 billion over the next 2 years. Of course, the only way to accomplish this is by laying off employees whose jobs are not directly related to the process of transforming BMS into a “ next generation biopharma company” (Would somebody please write me and explain what that means)???? I suspect that BMS employees will be receiving “pink slips” after Labor Day.

This has been a devastating week for the NJ-based pharmaceutical industry. First, Teva announced last week that it will buy Montvale NJ-based Barr Pharmaceuticals and then earlier this week Roche issued a press release indicating that it will move its corporate headquarters from Nutley NJ to South San Francisco (Genentech’s headquarters) by 2010. The impending layoffs at BMS coupled with job freezes and downsizing at other NJ pharma companies like Schering Plough and Merck may signal the beginning of the end of New Jersey’s status as the “nation’s medicine chest.”

Until next time….

Good Luck and Good Job Hunting (forget New Jersey)!

More Bad News for New Jersey: Roche Is Moving Its US Corporate Headquarters to California

On the heels of yesterday’s announcement that it wants to buy Genentech, Roche, in a surprise move, announced today that it will move its Nutley, NJ-based US corporate headquarters to California. According to a report, research and development activities in oncology and metabolism at the Nutley site will be expanded. However, the company will consolidate all Nutley-based finance and information-technology operations and close manufacturing facilities on the site by 2010. It is not clear how many of Roche’s 3,240 New Jersey employees will be affected by the proposed move to South San Francisco. Suffice it to say, more than a few Roche employees are likely to lose their jobs after the company’s headquarters heads west.

Once dubbed the”nation's medicine chest”, New Jersey has steadily been losing pharmaceutical jobs since 1990 when 20% of all US pharmaceutical jobs were in NJ—at present 13.7% of  American pharmaceutical jobs reside in NJ. It has been a long, slow burn for the pharmaceutical and biotechnology workforce in the Garden State.

The Roche announcement comes as several other New Jersey drug makers, including Schering-Plough and Johnson & Johnson's Ortho Biotech unit, have been laying off workers because of the economic downturn and tough times in the industry. It also comes several days after Barr Pharmaceuticals, headquartered in Montvale, announced that it is being acquired for $7.5 billion by Israeli generics giant Teva.  

The growing scarcity of pharmaceutical and biotechnology jobs coupled with the highest property taxes in the US may cause a mass migration from the state. Not that there is anything wrong with that!!!!!!

Until next time….

Good Luck and Good Job Hunting!!!!!

It's a Done Deal--Teva To Buy Barr Pharmaceuticals for $7.5 Billion

Teva and Barr Pharmaceuticals announced today that they have signed a definitive agreement under which Teva will acquire Barr, the fourth largest generic drug company worldwide. Teva the world’s largest generic manufacturer will acquire Barr for $7.5 billion.

As I mentioned yesterday about a possible deal between Teva and Barr, the acquisition is pivotal strategic move for Teva. It provides Teva with a stronger presence in the US generic markets and it elevates Teva as a force to be reckoned with in the biosimilar/follow-on biologics race in Europe and ultimately in America.

I guess when the Israelis say they are going to do something, they do it!

Hat tip to Ed at Pharmalot for the heads up!

Until next time….

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

Rumor on the Street: Teva to Buy Barr Pharmaceuticals?

A post today on the Pharmalot blog suggests that Israeli generic manufacturer Teva is in talks to acquire US-based Barr Pharmaceuticals for  $7.0 -7.5$ billion. Barr’s present market cap is approximately $5.0 billion.

The acquisition would make sense for Teva to broaden its reach into the generic and branded generic markets in the US. Also, Barr recently acquired PLIVA which has active research programs on biosimilars and is currently selling its version of EPO in Croatia and other parts of Eastern Europe.

Teva has been trying to get into the biosimilar/follow-on biologics market for the past eight years or so. The company previously bought several early stage biogenerics manufacturers but have yet to advance their plans to formally enter the biosimilar/follow-on biologics market. This may be the opportunity that Teva has been looking for!

Check back for updates.

Until next time…

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

10 Reasons Why Life Sciences PhDs Ought to Consider Medical/Science Writing as a Career

I became a medical/science writer after a rather circuitous, unconventional and sometimes, checkered career. Along the way, I learned a few things that I thought would be important to share with other PhDs who are seeking to change careers, t broaden their horizons and or simply to bring home a paycheck! I am sure that I missed a few things but here are my top 10 reasons to consider a career in medical/science writing:

 

10. Academic and industrial jobs are scare 
9.   No postdoctoral training is required
8.   Previous industrial experience is not a prerequisite for employment
7.   No laboratory work must be done to publish
6.   Starting salaries range from $40-$50 per hour or $75-90K annually 
5    There is a growing need for therapeutic area content experts
4.   Assignments change regularly and there is an enormous of amount of flexibility in when    and how you work 
3    Although a writer doesn’t perform any laboratory work, there is an opportunity to utilize the scientific skill sets (data analysis, thinking and problem solving) that you learned during your graduate training
2.   Even when times get tough, writers are always in high demand because publishing is the life blood of science
1.  You enjoy writing, thinking creatively and working with an eclectic bunch of people who are not scientists!

Until next time..... 

Good Luck and Good Writing!!!!!!!!

Pfizer Taketh and Perrigo Giveth Jobs (sort of) in Michigan

Yesterday Pfizer announced that it would layoff 275 employees at its manufacturing facility in Kalamazoo County in Michigan. Not to be out done by big pharma, generics manufacturer Perrigo Co. said today that it is going to create 400 new jobs in the western Michigan town of Allegan. According to published reports, Perrigo plans to invest $10.5 million in its Allegan, MI headquarters and manufacturing facility in an expansion that is projected to generate 99 new jobs within a year and 400 others over five years. A Michigan Economic Development Corp’s analysis suggests that the Perrigo expansion could generate up to 1,039 jobs in Michigan by 2020

A Perrigo spokesperson said that as it has done with past jobs cuts in Kalamazoo, the company will recruit the Pfizer personnel losing their jobs. This is good news for the folks who were laid off by Pfizer yesterday. However, when you do the math (275-99), the will be a net loss of 176 pharmaceutical jobs in Western Michigan by year’s end. Although Perrigo said that another 300 jobs will be created over the next five years, I wouldn’t count on many jobs being added until the US economy finds its way out of its current recession.

Hat tip to Pharmalot for the heads up!

Until next ….

Good Luck and Good Job Hunting (Michigan may be better than I thought)!!!!!

Pfizer to Cut More Jobs in Michigan

Pfizer is at it again. The company announced today that it will cut 275 jobs from its manufacturing operations in Kalamazoo County before the end of the year. The cut will reduce the company’s total employee roster to about 2,500 at the Portage, MI site.

Pfizer has been steadily streamlining and downsizing operations in Michigan ever since it inherited several Michigan-based sites after it acquired Pharmacia in 2002.

Not surprisingly, a company spokesman said “We operate in a highly competitive and constantly changing environment, and we have to adapt to that.'' Easy for him to say—he still has a job. 

The announcement comes on the heels of a rumor circulating last week that some Pfizer employees at its Croton R&D facility may lose their jobs next fall.

Until next time….

Good Luck and Good Job Hunting (avoid Michigan)!!!!!!!!!!

The BioCrowd

The social development of the web 2.0 has largely bypassed science. Hugely popular websites such as Facebook, MySpace, Twitter, Digg, Delicious and the like have millions of members and generate huge amounts of traffic. But those who use these sites come from all walks of life. None are devoted solely to science.

With this in mind, it would seem that social networking sites that cater to scientists would have special value and appeal. A few have been launched —but there is certainly room for improvement.

This fall, Vincent Racaniello at the College of Physicians and Surgeons at Columbia University and I will launch BioCrowd.com, a new social network designed by scientists (Vincent and me) for bioscientists (and others in the life sciences) who wish to connect with others to advance, promote or shape their careers.

Please visit the home page to sign up to be notified when we launch. BioCrowd will combine the interactivity of sites like Facebook and the networking capabilities of LinkedIn to help to advance your career in the biosciences.

Be part of  "The BioCrowd" !!!!!!!!

It's Official--Siemens is Laying of 16,750 Employees

Siemens, the German conglomerate that manufactures everything from locomotives to medical imaging devices, officially announced on Tuesday that it will be sacking 4% of it workforce or 16,750 employees. Although the company didn’t specify where all of the cut would be taking place—it is a global workforce reduction—a company spokesperson did indicate that 1,500 administrative jobs in its healthcare division would be eliminated and most of those jobs are in the US. Many of these cuts will likely take place in the tri-state area (New York, New Jersey and Pennsylvania)—not welcome news for the already battered pharmaceutical and biotechnology industries in the region.

While the cuts seem pretty substantial to most people (especially those Siemens employees who are losing their jobs) one company executive quipped “If you have 400,000 people on your payroll, cutting 17,000 is not that big a deal” — only if you aren’t one of the people who is losing a job.

Until next time….

Good Luck and Good Job Hunting!!!!!

More Job Cuts Scheduled at Pfizer?

According to apost at Pharmalot, rumor has it that Pfizer will lay off a number of chemists at its main R&D facility in Groton, Connecticut as early as next Fall The rumor supposedly began at an R&D blog run by a former Pfizer employee (always a reliable source for inside information). 

M y colleague Ed Silverman who runs Pharmalot contacted Pfizer about the rumor and received this response “A leading R&D organization must evolve, continue to build on its strengths, capture competitive advantage wherever possible and be realistic about what it will take to return Pfizer to growth. What I can assure you is that if and when there are organizational changes, those decisions are never taken lightly. Our guiding principle is that colleagues hear about important Pfizer news from company leadership first and are treated with the utmost respect.” In other words, Pfizer will likely be laying off more employees in the very near future.

Hat tip to Ed!

Until next time…

Good Luck, Good Job Hunting and Happy 4th of July!!!!!

A Sign of the Times--Siemens to Layoff 17,000 Workers

Siemens, the Germany engineering, electronic and healthcare company is planning to layoff more than 17,000 workers worldwide.  Although primarily known for its engineering and electronic products like cellphones, Siemans has a large healthcare practice primarily in medical devices and diagnostics. A good portion of the layoffs are likely to take place in Germany and elsewhere in Europe.

The loss of this many jobs at one of the world's largest and most reputable companies may unfortuantely be a harbinger of things to come.

Until next time....

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

 

In Case You Were Wondering....Federal Research Funding for the Life Sciences Will Remain Flat

For the past 60 years, American science was second to none. However, the US is perilously close to losing that distinction. Put simply, American science, like its economy, is in free fall.

Federal funding, primarily through the National Institutes of Health (NIH), is the lifeblood of American life sciences research. Between 1998 and 2003, the federal government doubled NIH’s budget every year—almost 25% of all grant applications were funded and life was good! However, since 2003, budget increases have vanished and the NIH remains trapped in a five year run of flat funding. Research funding rates have fallen to 10% or less and many academic scientists are voluntarily leaving or being forced out of their jobs.

This is not the first time that funding levels have plummeted. From 1989 to about 1994 (when I was a tenure track Assistant Professor), funding rates fell from about 20% to less than 10%. However, back then, there was little global research competition and American was able to recover to retain its scientific dominance. However, the world is a very different place now and the supremacy of American science, particularly in the life sciences, is clearly at risk.

According to an article in the Trenton Times, (my local paper), science and engineering have accounted for close to half of the growth in the American economy since World War II. Analysts suggest that without adequate research funding and ready access to research grants fewer scientists will enter the profession. “Already Asian countries are graduating 10 times the number of scientists and engineers as the United States. If the current trends continue in about a decade 90% of the world’s scientists and engineers will be in Asia” According to Elias Zerhouni, current director of NIH “In 10 to 15 years we’ll have scientists older than 65 than those younger than 35. This is not a sustainable trend in biomedical research.” Unless federal funding for research is increased this ominous trend will continue. That said, it may be too little too late. As you all know, finding science jobs in the US these days is becoming increasingly difficult even for qualified applicants. With this in mind, one of the most well attended talks that I give at career development symposia is entitled “The Road Less Traveled: Alternate Career Paths for Life Scientists”. As much as I hate to admit it, traditional career pathways for most life scientists may be things of the past.

Continue Reading...

BMS Rumors Persist

According to a post over at Pharmalot, BMS may be positioning itself for sale or readying itself as a potential M&A target.   

Although BMS has been rumored for years to be a takeover target, the impending loss of revenues generated by its anticlotting drug Plavix (co-marketed with Sanofi-Aventis) due to patent expiry in 2011 is wreaking havoc at the company.  As much as 50% of BMS’s revenue is generated by the Plavix franchise. The impending loss of Plavix suggests that thing must drastically change at the company in order for it to remain independent.

Time will sell….I mean tell....!!!!!

Until next time….

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

British Biotech is taking a Beating

Despite a recent report heralding the ascendancy of the Welsh biotechnology industry, the majority of biotech companies in Britain are in danger of fading away according to a report in London's  Financial Times. According to the Times; “Over the past year the sector has witnessed a string of high-profile drug failures, share prices have plunged and there have been almost no public listings. The sector is shrinking as private biotech companies are bought by cash-rich pharmaceutical companies, most of which are based abroad”.

“The quality of British science has never been in question. Commercial biotech’s perennial problem, say the pundits, is instead a lack of financing, management expertise and commercial savvy. “The UK has always labored under the yoke of not having enough venture capital around and not having the people prepared to take risks” said one analyst.” Nevertheless, the UK is currently  responsible for more than one-third of the European Union’s total drug pipeline.

The British biotechnology industry isn’t alone. Consolidation of the US biotechnology industry has been quietly going on for the past 5-10 years. Many successful American companies have been acquired by major pharmaceutical companies. For example, MedImmune and Millennium Pharmaceuticals were recently purchased by Astra Zeneca and Takeda Pharmaceuticals respectively. That said, I don’t think that what is happening in the UK is unique to the British biotech industry. The bottom line is this; Biotech is a capital-intensive, briskly paced, risky business that is, at most, 35 years old. More companies than not are expected to fail. Pharma, on the other hand, is a conservative and experienced cash-rich industry that is over 100 years old. Therefore, it follows that pharma companies, when possible, will buy successful biotech companies to bolster their thinning pipelines to stabilize their stock prices.

In my opinion, the seminal underpinning and essence of the biotech industry is to harness scientific originality to create innovative l technologies and products. That said, I believe that the biotechnology industry has finally become an integral part of the life sciences ecological food chain (think of biotech as a producer and pharma as a consumer).  I can’t think of many biotechnologies company executives (with the exception of Biogen) that wouldn’t consider acquisition or merger with a major pharmaceutical company as an ideal exit strategy for their stakeholders!

Until next time….

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

Icahn Thwarted in Attempt to Gain Control of Biogen IDEC Board

Chalk up one for the good guys (good is a relative term). Carl Icahn has given up on his quest to gain control of the Cambridge-based biotechnology giant, Biogen/IDEC. Actually, he was forced to give up because the slate of board members that he hoped would be elected to the Biogen/IDEC board failed to gain shareholder support and lost its bid for the board at a recent shareholder meeting.

Icahn, who owns about 4% of outstanding shares of the company, wanted to gain control of the Biogen/IDEC board so that he could force the company to try once again to sell itself to a large pharmaceutical company (rather than remain independent). As you may recall, the company tried to sell itself late last year but failed to find any buyers. Icahn accused the company of not trying hard enough! Give it a break Carl…its not always about you!

Despite the fact that Carl has his name on a molecular biology building at Princeton University (he is an alumnus), he knows very little about the biotechnology business. My advice to him is to raid companies that make commodities that he knows something about—widgets, plastics, automobiles — maybe even oil.

Until next time….

Good Luck and Good Job Hunting (try Biogen/IDEC)!!!!!!!!

Word on the Street: Pfizer May Counteroffer for Ranbaxy

Rumor has it that Pfizer may offer a counteroffer to acquire India-based generics manufacturer Ranbaxy. As you may recall, Japan’s Daiichi Sankyo agreed earlier in the week to pay about $4.6 billion for a controlling interest in Ranbaxy. According to reports many analysts expect Pfizer to attempt to queer to the Daiichi-Ranbaxy deal because “it is battling Ranbaxy in about 18 countries on patent rights of Lipitor, the largest selling cholesterol drug in the world. Lipitor has annual sales of $13 billion. In most countries the patent on the drug will expire starting 2011.”  Ranbaxy has won favorable court decisions on Lipitor in many countries including in the US, the largest drug market in the world, which accounts for 28 per cent of the global generic market estimated at $72 billion.

I tend to agree with the pundits. Pfizer has a lousy pipeline and its recent clinical trial record is horrendous. Consequently, the company must hang on (as long as possible and at any cost) to its blockbuster brands to avoid financial ruin.

Stay tuned for late-breaking news and updates!

Until next time…

Good Luck and Good Job Hunting!!!!!

Invitrogen to Acquire Applied Biosystems

The consolidation trend in the US life sciences industry continues. Carlsbad, CA-based Invitrogen, a provider of cells, molecular and biochemical probes and reagents used in life sciences research,announced on Thursday that it will acquire (merge) with automated DNA sequencer manufacturer Applied Biosystems (ABS).  Invitrogen will pay $6.7 billion in cash and stock to buy ABS which is an independent unit of Applera Corporation.

As most of you know, ABS supplied hundreds of automated DNA sequencing machines ($300,000 per machine) that were used to sequence the human genome. The advent of automated DNA sequencers in the mid to late 1990s helped (along with Craig Venter) to speed up efforts to complete the Human Genome project which officially began in 1990. The first draft of the human genome was published in 2001. Unfortunately for ABS, it was unable to refocus and adjust to changing business conditions after the government-sponsored human genome project ended in the early 2000s.  Attempts to reinvent the company included moving into commercial businesses like selling equipment to test food for pathogens or DNA from crime scenes.

The deal, if approved by regulators, would create a giant supplier of machines and materials used by academic and pharmaceutical industry research laboratories, with about $3.5 billion in annual sales. Although the deal makes sense from a business perspective, it is likely that there will be a “reallocation of corporate resources” once the merger is approved by European and US regulators.

Until next time….

Good Luck and Good Job Hunting (try Carlsbad, it is a great place)!!!!!!!!

Around the World: Corporate Downsizing Update

It’s summertime during a recession. What better time is there to give employees an extended vacation by announcing job cuts at the start of summer?  

Generic manufacturer Mylan announced that it is cutting jobs at a pharmaceutical manufacturing plant in central Puerto Rico. According to a company spokesperson, 100 jobs will be eliminated in coming weeks. Mylan had announced in February that it would be eliminating jobs at five locations as part of a companywide restructuring. The Pittsburg, PA-based company is the latest pharmaceutical company to announce cuts in Puerto Rico. The industry has eliminated more than 3,000 jobs here since mid-2006.

In other news, Palo Alto, CA-based Jazz Pharmaceuticals Inc. said Wednesday it plans to cut 8 percent of its work force -- or 33 employees -- primarily in research and development and administrative areas, and delay development of two drugs.

Finally, according to Ed Silverman over at Pharmalot, New Jersey-based Schering Plough has begun the massive layoffs it announced last April. As you may recall, CEO Fred Hassan still reeling from the Vytorin and Zetia flap, assured analysts and shareholders that he can right the ship by laying off about 5,500 employees or 10% of Schering’s workforce. He vowed to “consolidate management; use more shared staff support and services; reduce travel; cut sales and marketing; slash R&D; consolidate product lines, particularly in the animal health unit; and close some of the 60 manufacturing plants.” The previously announced job cuts are in addition to the 400 jobs that were eliminated after Schering Plough acquired Organon Biosciences.

Unfortunately, I guess it is going to be a long, hot, summer for the folks who lost their jobs.

Until next time….

Good Luck and Try to Hold On To Your Job (if you have one)

GlaxoSmithKline Cuts More Jobs

The Avandia debacle is still ravaging the employee ranks at GlaxoSmithKline especially at its Research Triangle Park, North Carolina and in Philadelphia locations. According to a post at Pharmalot, the UK-based drug manufacturer is cutting as many as 350 jobs (2.0% of its workforce) at both locations. This represents an almost 40% reduction in drug discovery and development activities that take place at both sites.

These cuts come after GSK closed a factory and drastically cut its sales force late last year. To make matters worse (particularly for those folks who lost their jobs) GSK purchased an early-stage drug discovery company called Sirtris Pharmaceuticals for about $720 million earlier this year. Clearly, company executives have more faith in external rather than internal drug discovery at GSK.

The saga continues……

Until next time

Good Luck and Good Job Hunting (forget North Carolina)!!!!!

Japan's Daiichi Sankyo Co Buy's Generic Manufacturer Ranbaxy

Daiichi Sankyo will buy a controlling interest (50.1%) of Ranbaxy, India’s third largest generic manufacturer.  Daiichi will pay as much as $4.6 billion for the opportunity.

The deal will put Daiichi Sankyo into ninth place in the $120 billion generic-drug market behind leaders Teva Pharmaceutical Industries Ltd. and Novartis AG's Sandoz unit. According to the report “Daiichi Sankyo is mimicking strategies pursued by Novartis and Johnson & Johnson to weather turbulence in the branded-drug industry by diversifying into other markets. The acquisition also gives the Japanese company more reach in emerging regions including India, China and Eastern Europe. “

I think after this deal, that other pharmaceutical companies may consider buying profitable generics businesses. I am not sure why it has taken innovator companies so long to realize that it is much easier to join (buy??) rather than compete with generic manufacturers. It just seems so obvious to me—and I don’t even have an MBA!  Maybe there is some truth to the age-old aphorism “missing the forest for the trees.”

Until next time…

Good Luck and Good Job Hunting!!!!!

Personal Branding and Developing an Online Presence

Peggy McKee wrote an interesting piece on her Medical Sales Recruiter blog about personal branding and developing an online presence to find a job. For those of you who haven’t heard about personal branding, it is de rigueur and the hottest thing on the net these days. Put simply, you, the jobseeker, are the brand and to be successful (get a job), the brand must be vigorously promoted! Personal branding can be easily achieved by creating profiles on social networks like MySpace, Facebook or Linked In or creating your own promotional website using your name as the domain name.  However, there are a few things that you ought to consider before you embark on your personal branding campaign. Peggy offers a few pointers and recommendations when it comes to both personal branding and your online persona.

Employers and recruiters research prospective candidates online to get more information about them before an interview is scheduled or an offer is extended.  This can work against you if your MySpace page is filled with “party” pics (or worse), but it can work for you if you have an effective online persona

Web Worker Daily rounds up several tips for developing an effective online presence:

  • Check your Google profile.  What comes up when your name gets typed in?  Know what’s out there so you don’t get suprised.
  • Own your domain name.  Even if you don’t want to do something with it now, you might later.
  • Develop your personal brand.  Set up a LinkedIn profile.  Write a blog.  Be a guest writer on blogs specific to your industry (maybe you could write a post for me - describing your job, etc).   If you’re not sure what personal branding is or how to do it, there’s a lot available out there.  Here’s 3 articles to get you started:

The 6 P’s of Personal Branding (Persona, Positioning, Packaging, Presentation, Promotion, and Passion)

Three Keys to Building a Strong Personal Brand.  “A good brand has 3 main features:  clarity, consistency, and constancy.”

Dan Schwabel’s podcast, Top Social Media Tools for Turning Your E-Brand into a Powerhouse.  Let Dan show you how to choose what to use.

 Until next time…

Good Luck and Good Job Hunting (personal branding can’t hurt)!!!!!!!

BMS: Ripe for a Takeover?

I have been following the pharmaceutical business for the past 20 years or so and without fail; Bristol-Myers Squibb has been rumored to be a takeover target. Well, here we go again!

 that floated the possibility that BMS is a prime takeover target again. Like many other financial pundits, Zachs believes that a takeover by Sanofi-Aventis makes the most sense. As many of you may know, BMS and Sanofi-Aventis co-own the multibillion dollar Plavix franchise (which will lose patent protection in 2011).

Rumors of a BMS takeover started in 1988 and they have always proved to be false. In my opinion, BMS has one of the stronger biologics pipeline in the pharmaceutical industry. Further, BMS is spending an enormous amount of time and resources to vigorously reinvent itself as a “next generation biopharma” company (whatever that means). The impending loss of Plavix revenues does put some pressure on the company’s ability to remain independent, but BMS has weathered many storms in the past (and lived to talk about them). That said, it is anybody’s guess whether the current rumors are real or imagined.

Until next time…

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

The Recession is Coming...The Recession is Coming...Oops, It's Here!

Much like Paul Revere back in the day, there have been repeated, urgent warnings about the impending recession that will strike the US economy. Not surprisingly, the Bush administration has done its best to deny the notion that the moribund US economy is actually in recession. 

Today, it was reported that the US unemployment rate hit 5.5% and nearly 49,000 people lost their jobs last month. This is the biggest monthly rise in the unemployment rate since 1986. So far this year, the Unemployed people grew by 861,000 in May rising to 8.5 million. To keep things in perspective, a year ago, the number of unemployed stood at 6.9 million and the jobless rate was 4.5 percent

Last month employers sharply cut jobs in manufacturing, construction, retailing and professional and businesses services. The recent and highly publicized meltdown of the airline industry insures that as many as 10,000 others or more will lose their jobs in the coming weeks. These layoffs, coupled with $4.00 per gallon gasoline, will undoubtedly have a substantial and lasting ripple effect on the American travel and leisure industries. Can anyone still believe that the US economy isn’t in recession (I can think of at least one!).

Until very recently, many of my disgruntled corporate colleagues (who I eat lunch with from time to time) indicated that they were actively seeking new employment. At lunch the other day, a soft spoken but vocal woman who previously said that “she couldn’t take it anymore and was outta here the first chance that she got” quipped; “What’s with all the complaining. We should all consider ourselves lucky that we even have jobs!” I think that says it all….

Until next time….

Good Luck and Good Job Holding!!!!!!

The 100 Best Companies to Work For in 2008

Each year Fortune publishes a list of the top 100 companies that it believes are the best to work for. A quick perusal of the 2008 list reveals that only two drug companies cracked the top 100 this year. Genentech was ranked number 3 (second place in 2007) and Astra Zeneca finished a distant 83rd. The only other big pharma company to ever make the list was Eli Lilly in 2006 which came in at number 52. I guess that in general, big pharma companies aren’t great places to work?

As Ed Silverman at Pharmalot points out, “Amgen wins the award for taking the biggest dive. The biotech ranked #39 in 2006 and #40 in 2007, but this year doesn’t rank at all.” I suspect that Amgen’s hasty exit from the list has a lot to with large job layoffs, a grossly over paid CEO, a flagging stock price and a weak pipeline. One company that I think ought to be on this year’s list is Massachusetts-based Genzyme which has a reputation for having outstanding employee development and retention programs. It made the list in 2006 (no. 51) and 2007 (no.43) but was conspicuously absent this year. Maybe things have changed at Genzyme?

Until next time

Good Luck and Good Job Hunting (try Genentech, houses are currently cheap in the Bay area)!!!!!!!!!!!

Novartis Buys US-Based Antibiotic Discovery Company

Novartis announced today that it intends to purchase Malvern, PA-based Protez Pharmaceuticals for $400 million. Protez is developing a novel spectrum carbapenem antibiotic that is active against variety drug-resistant Gram positive (most notably MRSA )and Gram negative bacterial pathogens. Its lead compound, PZ-601, is in Phase II human clinical testing. Protez acquired PZ-601 (formerly SMP-216601) in 2005 from Dainippon Sumitomo Pharmaceuticals.   

Novartis is buying Protez to sure up its antibacterial drug pipeline. Novartis already sells Cubicin, (manufactured by Massachusetts-based Cubist Pharmaceuticals Inc.,) in Europe and is developing other antimicrobials including Aurograb and Tifacogin to treat infections.

Like many of the newly marketed antibiotics, PZ-601 is injected and not orally bioavailable. Nevertheless, it is likely that PZ-601 will provide much needed help against the ever increasing number of drug resistant bacterial isolates. Swiss companies Basilea Pharmaceutica AG and Arpida Ltd. are also working on experimental medicines to treat MRSA.

It is not clear how the acquisition will affect Protez employees.  I suspect that most of the employees will keep their jobs except for Company officers.

Until next time…

Good Luck and Good Job Hunting!!!!!

Wyeth Regulatory Woes Continue

The regulatory problems at Wyeth continue. The US Food and Drug Agency announced that it issued an approvable letter for Tygacil (Wyeth’s tetracycline-like antibiotic) to treat community acquired pneumonia (CAP). Apparently, FDA regulators want more data on the effectiveness and safety of Tygacil in severe cases of CAP and additional information on possible liver toxicity.

Tygacil, an intravenously administered antibiotic, won FDA approval in 2005 to treat adults with complicated intra-abdominal infections and complicated skin and skin-structure infections. Tygacil had about $138 million in sales last year; falling far short of the projected $500-$800 million in annual sales that it was expected to yield when it was first brought to market. If Wyeth gains approval for CAP, expect Tygacil sales to soar.

In other regulatory news, FDA granted Wyeth “fast-track approval” for a new version of its market-leading pediatric pneumococcal vaccine called Prevnar. The new 13-valent formulation will provide protection against 13 different pneumococcal serotypes. The older version only provided protection against 7 serotypes. Wyeth hopes to complete its filing for pediatric use of the new Prevnar vaccine in early 2009. Prevnar is Wyeth’s second-leading product with sales of about $2.5 billion in 2007.  

The new Prevnar vaccine will likely go head-to-head with GlaxoSmithKline’s new 10-valent pneumococcal vaccine  called SynflorixTm which is in late stage clinical development and is currently being reviewed for marketing approval in the EU. Unlike Wyeth’s vaccine, SynflorixTm  was found to be effective in protecting against otitis media (ear infections) caused by Haemophilus influenzae.

Until next time,

Good Luck and Good Job Hunting (avoid Collegeville, PA)!!!!!!!!

BMS To Buy Kosan Biosciences

Bristol-Myers Squibb announced today that it will purchase California-based Kosan Biosciences for approximately $190 million. Kosan has been developing two classes of oncology drugs known as heat shock protein 90 (Hsp90) and epothilones. One of Kosan's Hsp90 compounds is currently in Phase III clinical testing for the treatment of multiple myeloma.

Kosan’s epothilone program will complement existing BMS programs designed to develop novel chemotherapy-based oncology products. The Hsp90 clinical program will help to sure up BMS’s push to become a next generation biopharma company.

Kosan was originally founded as an antimicrobial drug development company based on a novel combinatorial drug development (polyketide) platform but eventually morphed into a cancer-focused business. In addition to Kosan’s pipeline, BMS will inherit a small GMP biomanufacturing facility.

The acquisition is good news for Kosan which has been struggling of late. Unlike most other companies, BMS usually retains the employees of companies that it acquires. That said, only time will tell.

Until next time…

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

Job Security of Life Scientists?

As a self-anointed career development professional, I frequently read blogs and online articles dealing with jobs and career development advice. That said,  I happened upon a piece in Yahoo Education entitled “Risky Business: Finding Job Security in Tough Times”. The article featured careers that may provide greater than average job security to employees. Everything was going great until I read the no. 4 career on the list–Medical Scientist– I kid you not. This is what the author had to say about medical/life scientists:

 “With increases in funding for treating cancer, AIDS, mental illness, and other diseases, corporate pharmaceutical, biotech, and university research labs need more people to develop vaccines and treatment drugs. Depending on your medical specialty, you'll typically need a master's degree or PhD. Often M.D.-holders choose research work over medical practice. You can begin traveling this path by earning a bachelor's degree in a biological science, and focusing on chemistry, biology, statistics, and research methods. Salaries in private sector biotech firms are typically higher than those offered at the college research level. There are also jobs with government medical-research agencies. Median salary range: $44,830 to $88,130.”

I ‘m not sure where the author has been or what she has been smoking but it seems to me that she is not in sync with industry trends. Maybe I ought to write to her and ask her to send me a list of companies that are currently hiring. I guess you really can’t believe everything that you read!

Until next time….

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

The Top 10 Places to Live in the US That Are Recession Proof

I came across an interesting article in Forbes Magazine that identified the top 10 places in America that are not being dramatically impacted by our slowing (are we in a recession yet) economy. According to the article they are:

1. Oklahoma City, OK

2. San Antonio TX

3. Austin, TX

4. Houston, TX

5. Charlotte, NC

6. Dallas, TX

7. San Jose, CA

8. Raleigh, NC

9. Salt Lake City, UT

10. Seattle, WA

For those of you, who are interested in seeing photos and garnering some interesting stats about these cities, click here.

A quick perusal of the list shows, that most of these cities are either south of the Mason Dixon Line or West of the Continental Divide. Unfortunately, none of the cities are hotbeds of biotechnology or life sciences research (with the possible exception of Seattle). It seems that if you live in Texas, you may be living large. But, then again, isn’t everything BIGGER in Texas?

Until next time….

Good Luck and Good Job Hunting (try Austin, it rocks)!!!!!!!!!

Layoffs By PowerPoint?

Merck announced last week that it will cut 1,200 sales jobs in the U.S. by the end of July. The company also confirmed a plan to eliminate a small natural products group in Spain and Rahway, NJ. Whereas the salespeople who lost their jobs were given notice by the company, the natural products researchers in Spain (and Rahway) learned of their imminent demise via a power point presentation given by a Merck executive (whose name has not been disclosed).

According to reports, the Merck executive inadvertently included a slide in his presentation that outlined the plan for the layoffs to an audience that included Merck employees. Oops… The decision to close down in-house natural products research will impact approximately 50 researchers in Spain and "a significantly smaller number" in Rahway, N.J., according to Merck spokesman.

Merck eliminated most of its natural products discovery programs about 10 years ago but apparently maintained a small group hoping for a natural products discovery comeback. I, along with others, think that the blockbuster drugs of the future will come from natural product discovery. For those doubters out there, would somebody care to tell me the names of any blockbuster drugs that were discovered by combinatorial and computational chemistry?

I rest my case! 

Thanks to Ed over at Pharmalot for the heads up on this story!!!!!

Until next time…

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

Pharma Downsizing Spills Over to a Medical Devices Manufacturer

Minnesota-based Medtronic, Inc., one of the world’s largest medical devices companies, announced  that it was cutting about 1,100 jobs; 350 of which will be in Minnesota. This is the first layoff at the medical devices manufacturer in over 5 years. According to a press release, slightly over a third of the layoffs will come from the company’s local operations, which has about 8,000 employees. The overall effect of the reorganization will be relatively small—affecting roughly 3% of the company’s worldwide workforce of 39, 500.

Medtronic attributes the realignment (not restructuring according to company executives) to slumping sales of its spinal and cardiac devices. Accordingly, the company’s cardiac rhythm and neuroscience businesses along with local operations will bear the brunt of the job cuts.

It looks as though the entire life sciences sector is under assault. Belt yourself in—it’s going to be a rough ride for the foreseeable future!

Thanks to Ed at Pharmalot for the heads-up!

Until next time….

Good Luck and Good Job Hunting (are there any left?)!!!!!

Roche Announces It Will Move 300 Jobs from Indiana to Germany

Roche Diagnostics plans to transfer about 300 jobs from its Indianapolis facility to Germany over the next three years as part of a consolidation plan.

A Roche spokesperson announced yesterday that transfers will start in October and most will be completed by 2011. A limited number of employees will be offered transfers to Germany, but most will be laid off.

Most of the positions are in research and development of reagents, which are chemicals used in test kits for HIV, West Nile virus and other diseases. The company says about 85 percent of production for the unit affected by the transfers is already in Germany. Roche has about 2,800 employees in Indianapolis.

Like other sectors of the US economy, the pharmaceutical sector is getting whacked.

Until next time…

Good Luck and Good Job Hunting??????

Merck Reduces Its Sales Force by 1,200

As I mentioned in previous posts, things are simply not going Merck’s way. Merck has been battered in the past several months by the Singular flap, precipitous drops in Vytorin and Zetia sales and, most recently, FDA’s rejection of its follow-up Cordaptive anti-cholesterol drug. This has left the drug maker with little choice but to cut an additional 1,200 jobs from its rapidly shrinking US sales force.

The cuts, announced yesterday, are in addition to a companywide reorganization that began in 2005 which resulted in the elimination of approximately 8,100 positions. As of last December, Merck had 59,800 employees worldwide—soon to be 58,600 give or take a few employees!

Until next time….

Good Luck and Good Job Hunting???????

Bristol-Myers Squibb Sells ConvaTec

Bristol-Myers Squibb announced today that it has sold its medical device and wound care business, ConvaTec, for approximately $4.1 billion to Nordic Capital and Avista Capital Partners. The divesture is part of BMS’s corporate restructuring that was announced late last year to become a “next generation biopharma” company—whatever that means.  

ConvaTec which became part of BMS after Bristol Myers bought Squibb back in the 1980s, will continue to operate as an independent entity according to analysts close to the deal.

I suspect that there may be some downsizing in ConvaTec’s future since it is no longer a part of the BMS.  This is not good news for New Jersey, which is already struggling with major pharma layoffs and ongoing corporate right sizing moves.

Until next time…

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

Embryonic Stem Cell Research is Alive and Well in New Jersey--Sort Of

Stemcyte, a Taiwan-based company engaged in embryonic stem cell research announced yesterday that it would locate its East Coast operations in NJ. The company already has a research facility in California and is establishing operations in India. Earlier this year, Stemcyte inked a deal with Rutgers University to provide financial support and embryonic stems cells for research conducted by Dr. Wise Young, a long time spinal cord injury researcher and champion of embryonic stem cell research.  New Jersey induced Stemcyte to locate its facility in the Garden State by offering the company $589,000 in business development incentive grants. The new facility is expected to create new jobs and initially employ about 12 people.

This is a small but significant step in New Jersey’s quest to establish itself as leader in embryonic stem cell research. As many of you may know, last fall, New Jersey voters defeated a statewide referendum that would have allowed the State to spend almost $500 million on embryonic stem cell research initiatives. California passed similar legislation several years ago.

The defeat had little to do with the ethics or morality and everything to do with the oppressive property taxes in New Jersey. In case you’re wondering, New Jersey has the highest property taxes in the US!  Many voters simply didn’t want the State to increase its already staggering debt to borrow more money to fund stem cell research (and raise property taxes).

After the announcement, New Jersey Governor Jon Corzine, and former head of the investment firm Goldman Sachs, suggested that he is considering reinstating the referendum for a second vote. However, he noted “not until the economy shows some improvement”.

Until next time…

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

A New Age is Dawning: FDA to Go On a Hiring Spree!

The Food and Drug Administration (FDA) announced today that it wants to hire 1,300 biologists, chemists, medical officers and others over the next several months. The agency currently employs more than 10,000 people and wants to add 600 new employees and backfill more than 700 that have been vacant by October. The new hires will triple the number hired from 2005 to 2007. Roughly 30% of all regular FDA staffers and approximately half of FDA managers are already eligible to retire.

An FDA spokesperson said that 400 of the new jobs will be related to drug application review and another 150 will be hired as inspectors to inspect drugs, foods and other related items. The agency will rely on user fees from drug companies to pay for all drug review jobs and about 100 other positions. The rest will come from the funds that were recently appropriated by Congress.

In addition to drug reviewers and inspectors, FDA is seeking consumer safety officers, nurse consultants, statisticians, epidemiologists, pharmacologists, pharmacists and veterinarians. Most of the positions are in the Washington D.C area but some are overseas and in other parts of the US.

This is one of the largest hiring initiatives in FDA’s history. It’s about time that Congress realized that the agency has been seriously under funded and understaffed ever since Bush was elected in 2001. I suspect that the impetus for the additional funding and hiring initiative has a lot to do with the beating that the agency has taken over the past few years. As we all know, FDA has been blasted by consumer advocates and lawmakers for lax oversight and inefficiency.

I can’t recall whether I said this before, but FDA is a great place “to be from”. Many of my colleagues who worked at FDA for three or more years are now highly paid regulatory consultants charging the companies that hire them about $3,000 to $5,000 per day. That said, as a bit of career advice; opportunity is knocking—don’t dither and wait too long before you apply.

Until next time….

Good Luck and Good Job Hunting (at FDA)!!!!!!!!!!

FDA Rejects Merck's New Cholesterol Medication

It seems like nothing is going right for Merck these days. On Monday, the US Food and Drug Administration (FDA) issued a “not approvable”–aka a rejection letter–for Merck’s new cholesterol drug called Cordaptive or MK-0524A. The highly-touted drug, which Merck executives hoped would replace Merck’s blockbuster cholesterol drug, Zocor (which lost patent protection a couple of years ago), can both lower LDL (bad) and raise HDL (good) cholesterol. Although experts believe that these properties should benefit people with high cholesterol, the results from recent clinical trials suggest that drugs that raise LDL and lower HDL cholesterol may have safety problems.

Cordaptive consists of an extended-release form of niacin (a B vitamin) and another agent that inhibits a niacin side effect called flushing — redness, burning and tingling of the face. Niacin has been used to control cholesterol for decades. Abbott Laboratories already sells an extended-release form of niacin called Niaspan.

Despite positive results from recent clinical trials and pending approval by the European Union, the agency rejected Merck’s NDA. Regulators also rejected Cordaptive as a brand name. It is likely that FDA is scrutinizing and proceeding cautiously with new cholesterol medications because of the recent flap over Zetia and Vytorin (which are co-marketed and sold by Merck and Schering Plough). As you may recall, both companies have been accused of trying to protect sales of the two drugs by delaying results of a study that showed Vytorin worked no better than Zocor, which is much cheaper.  Merck’s stock price dropped about 5% yesterday after the company announced that it received a not approvable letter from FDA.

Although MK-0524A may ultimately reach the US market, I wouldn’t count on it anytime soon. Merck has seriously tarnished its reputation with FDA because of the Vioxx, Vytorin and Singular controversies. The old adage, “You reap what you sow” is particularly apt in this instance. Look for more “asset reallocation” moves in Rahway.

Until next time…

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

Wyeth Announces That 1,200 More Jobs Will be Eliminated

I want to thank my esteemed colleague, Ed Silverman at Pharmalot, for the heads up on this post.  As part of Wyeth’s asset realignment program dubbed “Project Impact”, the company announced today that it would cut another 1,200 jobs at “all facilities in all capacities.”  Meanwhile, late last Friday 141 people at Wyeth’s Pearl River, NY, facility were laid off. Most of the jobs that were cut were in manufacturing and R&D. Of interest, last Friday was also Bob Essner’s last day as Wyeth’s CEO (he will continue as Chairman through December 31, 2008). For those of you who may be interested, Bob’s total compensation package in 2007 was about $20 million (his base salary was a paltry $1.73 million).

The most recent layoffs were made as part of the drug maker’s previously announced plan to cut up to 10 percent of its global workforce of 50,000 by 2011. Wyeth executives contend that Project Impact is warranted because of increased generic drug competition and a weak product pipeline. As you may recall, Wyeth previously laid off 1,240 sales reps late last month due to sagging sales of several of its consumer and pharmaceutical brands.

These new layoffs couldn’t come at a worst time for Wyeth employees. For those of you who still have jobs at the company, I highly recommend that you begin to explore alternative career opportunities. It is going to be a long and difficult ride!

Until next time… 

Good Luck and Good Job Hunting (if there are any left) !!!!!!!

It's Official: Profits Are Falling at Drug Companies

Over the past few days, many drug companies have been reporting their earnings for the first quarter of 2008.  Few, if any, (except for Biogen/IDEC),  met the numbers that Wall Street analysts had expected and most reported that profits were "way down." Unfortunately, this means that more layoffs at drug manufacturers can likely  be expected in the coming months and that drug prices may rise.

Of course, the poor performances of these companies had little bearing on the compensation packages that many of the CEOs of these companies received in 2007.  It never ceases to amaze me that companies can lay off thousands of workers to cut cost s and then turn around and give CEOs who performed horribly (which led to the layoffs) tens of millions or more in compensation.  Just think how many workers could have kept their jobs and been able to feed their familiies if mediocre CEOs, who didn't do their jobs were paid what they are worth!

Ain't capitalism great?

Until next time....

Good Luck and Good Job Hunting!!!!!

 

Some Good News for New Jersey: Novo Nordisk To Expand Operations

Danish drugmaker Novo Nordisk announced today that it will expand its New Jersey-based North American headquarters. This is welcome news for the state. New Jersey has lost about 10,300 jobs so far this year. And that comes after it added 3,700 jobs last year, its worst performance since 2003. 

I would say things can’t get much worse but …..

Until next time….

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

Another Genzyme Story: Looking to China for Innovation

Genzyme announced today that it plans to build a research and development center in Beijing as part of its continued global expansion. When completed, the 200,000 square-foot facility (which is expected to cost $90 million to build) will be able to accommodate 350 employees.  The company, which wants to establish a long-term presence in China, expects the facility to open in 2010.

Genzyme said it already has 25 employees working in offices in Beijing and Shanghai and has a pilot program for its cell therapy MACI at Beijing Wujing Hospital. Like other American biotechnology companies, Genzyme see a bright future in China. 

And since I am talking about China, I would be remiss if I didn’t mention that I will be in China in about three weeks to visit my friend who is an executive chef and will be managing food operations at the Beijing Olympics in August, 2008. I plan on visiting Beijing and Shanghai, so if you live in either of these cities and want to get together to chat about biotechnology, blogging or anything else, please feel free to drop me a line.

Until next time….

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

Peggy McKee: It's YOUR turn to ask the questions

There’s a ton of stuff online about what kinds of interview questions to expect, and how to answer them to impress the interviewer.  But, you have to remember (and it does wonders for your confidence if you do) that you’re interviewing them, also.  You need to find out if this is a medical sales company that you’re going to be happy working for.  So, what kinds of questions should you ask?  Here’s an article on 10 Questions to Dazzle Would-Be Employers to help you.  Some of my favorites:

“How do you see me benefitting the company?”  Find out what caught their eye about you in the first place, and then you can bring up those qualities for a better sell.

“Why did you choose this company?”  If they haven’t tried to sell you on the company already, this answer gives you some insight.

“When will a decision be made?”  Suprisingly, many people don’t ask that, and end up frustrated if it takes longer than they were expecting. 

Your questions about the company and the job will set you apart from other candidates and show how interested you are in the position.  Not to mention it will give you extra insight into your decision whether or not to work for them.

If you have any  questions for Peggy aka the Medical Sales Recruiter contac her  at: the medical sales recruiter blog!

Until next time.....

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

Pfizer Proves That Biggest Is Not Always Best

Pfizer the world’s largest and least innovative pharmaceutical company  announced yesterday that its profits dropped by 18% last year. The company attributed the loss to reductions in the sale of its blockbuster anti-cholesterol drug Lipitor, which is slated to lose patent protection in the next few years.

Pfizer, which has about $25 billion in cash, has been on something of a buying spree the past couple of years. The company is desperately trying get into biotechnology (too little, too late?) and believes, as it always has, that the best way to enter a new therapeutic area is to buy its way into it! To that end, Pfizer has already purchased two “biotech” companies in 2007 (more purchases are likely on the way) and entered into financially-lucrative, long term research collaborations with several others. Although this strategy has previously worked for Pfizer in the short term, it has proved to be financially disastrous for the company in the long term. Nevertheless, Pfizer said it still expects earnings this year to grow about 11%, due largely to a cost-cutting program that has eliminated 25,000 jobs, or 23% of its work force since 2004.

Until Pfizer executives realize that a robust internal drug discovery and development program is the key to success, Pfizer will continue to be the world’s biggest pharmaceutical company with a constantly flagging stock price.

Until next time….

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

Eli Lilly & Co. to Eliminate 500 Jobs

Eli Lilly & Co. announced today that it will eliminate 500 jobs at its manufacturing facility in Indianapolis, IN. The cuts will affect sites that manufacture active pharmaceutical ingredients for Lilly’s insulin products Humalog® and Humulin® and its osteoporosis medicine Forteo®.

Lilly is offering incentive packages for those employees who voluntarily leave the company. The company has already reduced its global headcount by twelve percent or about 5,500 people since 2004.

Times are tough and getting tougher each day in pharma land. Buckle up–its going to be a rough ride for jobseekers in the pharmaceutical and biotechnology industries.

Until next time….

Good Luck and Good Job Hunting (avoid Indianapolis, who wants to be a Hoosier anyway?)

Reverse Psychology: Takeda Offering Bonuses to Millennium Employees Who Stay With the Company

Millennium employees find themselves in an enviable position that most pharmaceutical and biotechnology employee would die for!  Shortly after Takeda announced that it would buy Cambridge MA-based Millennium Pharmaceuticals for $8.8 billion, it offered many Millennium employees retention bonuses to stay at the company for 12 to 24 months until the acquisition is completed. These bonuses will be in addition to cash that many of Millennium’s 1,000 employees will get by exercising their stock options (Takeda is paying a premium to purchase all of Millennium outstanding shares of stock).

While offering retention bonuses to employees of a company that is going to be acquired is unusual it is not unheard of.  Retaining key employees during an acquisition typically makes the transition a lot smoother.  Further, it signals to extant employees that management values their services and that their continued presence at the company is vital to its success.  Finally, it serves to reduce the stress and uncertainty felt by many employees when a company is sold.

In my opinion, offering Millennium employees retention bonuses is a very bold and smart move by Takeda.  Unlike other pharmaceutical companies who have acquired biotechnology companies for their approved drugs or investigational medicines in their pipelines, this is Takeda’s first foray into the biotechnology business. Put simply, Takeda executives lack the expertise and requisite skill sets necessary to successfully compete in the biotechnology arena.  Encouraging and retaining employees who helped to make Millennium a success is a brilliantly crafted strategy that will permit Takeda to quickly learn how to compete in the biotechnology space in a fiscally-responsible manner.

One of the biggest hurdles to overcome after an acquisition is merging the corporate cultures that existed at the two companies prior to acquisition. One possible solution to this problem is to restructure the acquired company and terminate many or all of its employees. Another solution is to determine (over time) which employees are or aren’t vital to operation of the company. Although this approach is not as draconian as the first option, it requires an inordinate amount time and money to implement. Ask any Pfizer executive about this the utility of this approach (I think that they are still trying to recover from the Warner Lambert and Pharmacia acquisitions that took place in the mid to late 1990s).  

I think the Japanese got this one right.   Maybe we Americans can learn a thing or two from them?

Until next time…

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

Another US Biotechnology Company Bites the Dust: Japan's Takeda Pharmaceuticals to Buy Millennium Pharmaceuticals

Takeda Pharmaceutical Co., Japan’s largest pharmaceutical manufacturer, announced that it has agreed to buy Cambridge MA-based Millennium Pharmaceuticals for $8.8 billion. Millennium, founded in 1993 by high profile MIT researchers and once heralded as one the most innovative American biotechnology companies, never lived up to analyst’s expectations. That said, the company did develop and win regulatory approval for an anti-cancer drug, Velcade, which is expected to garner additional approval for wider use in oncology later this year.

Velcade, which is used to treat relapsed multiple myeloma after other drugs fail generated more than $800 million last year. Millennium anticipates U.S. approval by June to promote Velcade as an initial therapy to treat these disorders. Millennium markets Velcade in the US and shares revenue with Johnson & Johnson which markets Velcade in 85 other countries. Analysts predict that the Takeda acquisition will help to propel Velcade to blockbuster status.

The Takeda-Millennium deal follows Eisai Co.’s (another Japanese company) agreement in December to buy the U.S.'s MGI Pharma Inc. for $3.9 billion as Japanese companies, aided by a weak dollar against the yen, seek growth abroad. Japanese companies have been hampered by government-ordered price cuts, weak pipelines and a lack of new products  As one financial analyst put it ``There's no doubt the weak dollar against the yen is making U.S. biotech very attractive right now to potential Japanese buyers,''

Takeda’s best seller is the diabetes drug Actos which is slated to lose patent protection in the near future. Acquisition of Millennium provides Takeda with an entrée into the oncology and cardiovascular markets both of which are poised for expansive growth in the next five years. Analysts also believe that the Millennium acquisition will boost Takeda’s drug discovery and development flow. Millennium is conducting human trials with experimental drugs for cancer, heart disease, gastrointestinal disorders and rheumatoid arthritis.

Continue Reading...

2008 FASEB Career Development Symposium

I am sitting in Newark Airport waiting for my flight to San Diego which, not surprisingly, has been delayed for about 2 hours.  As you might have guessed from the title of this post, I am on my way to the 2008 FASEB Career Development Symposium which is run every year at the annual FASEB meeting. 

As we have done in the past, my colleagues Eric Celidonio and Joe Tringali, and I  will be presenting seminars and resume writing workshops for graduate students and postdocs.  Our goal, as always is to offer these folks some advice and tips on how to find a job after they complete their training.  Unfortunately, the job market for PhDs has been depressed for the past 8 years or so.  There once was a time, circa 1994-2000, when finding a job for alife sciences or chemistry PhDs was a snap.  In those days, many jobs were left unfilled. Ironically, it  has been scientific advances and technological innovations that have made it more difficult for PhDs to find jobs over the past decade or so.

Anyway, if you are attending FASEB this year, please stop by.  Also, tell all your friends!  We like when it is busy.

Until next time....

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

Genzyme Expands Its Irish Operations

Genzyme Corp announced yesterday that it plans to expand it research and manufacturing facilities in Waterford, Ireland. Genzyme originally set up the facility in 2001 and plans to add another 170 employees, expanding its Irish workforce to 600.

This is second time in less than a year that Waterford (internationally known for its crystal manufacturing) has received an investment from a foreign drug manufacturer. Israeli generic drug manufacturer TEVA made a $100 million dollar to expand its Waterford operations and boost its Irish workforce from 650 to 815.

The Irish government said it was offering assistance to subsidize the $200 million Genzyme expansion at the Waterford site. The amount and terms of the subsidiary were confidential and not disclosed. At present, drug companies with operations in Ireland  employ 25, 000 people.

Genzyme, with expertise in developing drugs to treat rare disorders, kidney disease and cancer, employs more than 10,000 people worldwide.

This is more good news for Ireland!

Until next time….

Good Luck and Good Job Hunting (in Ireland)!!!!!!!

The Enhance Trial Revisited

There has been some confusion surrounding the reporting of results from the Enhance Trial. As you know, the results from this study showed that the cholesterol-lowering drug Vytorin—a combination of Zetia and Zocor (a statin) —was no better than a generic version of Zocor by itself at controlling atherosclerosis.

In the Enhance clinical trial, 720 patients were treated with Vytorin or a generic version of Zocor and the amount of plaque that accumulated in the arteries of both groups was assessed by blood vessel imaging. Because Vytorin lowers LDL-cholesterol more than Zocor alone, both Schering –Plough and Merck (the companies that sponsored the trial) expected the patients who took Vytorin to have less growth of plaque in their arteries than those who took generic Zocor alone. As we all now know, this was not the case. In fact, there are some data which suggests that Vytorin treatment may actually enhance or promote plaque deposition and growth.

Since arterial plaque is closely associated with heart attack and stroke, the results from the Enhance trial led some to suggest that Vytorin doesn’t work any better than Zocor at preventing heart attack or stroke. While this may prove to be the case, there are currently no data to substantiate or refute this assertion. Those data will be generated in planned outcome trials that will measure the incidence of heart attack and stroke in patients taking Vytorin or Zocor. Merck and Schering-Plough began enrolling patients for these studies in 2006 and don’t expect any results before 2012. This may be too little, too late.

Merck and Schering have come under fire for not releasing the results from the Enhance trial in a timely fashion. A Congressional committee investigating the Vytorin controversy alleges that Merck and Schering Plough executives knew about the results of the Enhance studies at least two years before they released the data. The companies repeatedly delayed releasing the results of the trial, however, saying publicly that many of the images of the arteries were unclear and might need to be re-examined. Both companies have also have been criticized for delaying the initiation of the planned outcomes trials.

Shares of Merck and Schering-Plough plummeted yesterday following Sunday’s announcement at the American College of Cardiology meeting in Chicago.

Until next time….

Good Luck and Good Job Hunting (avoid NJ)!!!!!!!!!

Schering Plough Is In for a Rough Ride

An editorial published in this week’s New England Journal of Medicine and recommendations from an expert panel at an American College of Cardiology meeting being held in Chicago urged that the cholesterol-lowering medications Zetia and Vytorin should be used only as the last resort to treat patients with elevated LDL-cholesterol. Instead, the panel recommended that doctors and patients should use statins, older and sometimes cheaper medications, which have been clinically proven to lower cholesterol and reduce the risk of heart attack and stroke. The panel's recommendations were announced to the almost 30,000 physicians who were attending the conference.

As you may recall, Zetia and Vytorin, which reduce cholesterol levels by inhibiting its absorption from the intestinal tract, didn’t reduce the incidence of heart attack or stroke in patients taking the medications (in the Enhance clinical trial) even though LDL-cholesterol levels were lowered. Further, there is some emerging evidence which suggests that Zetia and Vytorin may actually speed rather than slow the development of plaque in arteries. Merck and Schering are conducting larger clinical studies (initiated in 2006) to measure effects of Zetia and Vytorin on heart disease and stroke. The results from these trials are not expected until 2012

Zetia and Vytorin are among the top selling drugs in the world with combined sales of $5 billion in 2007. Approximately 5 million people, including about 4.0 million Americans take the medications which were heavily advertised to US consumers. Many cardiologists believe that heavy marketing of the drugs has resulted in their over use. The fallout from the Enhance clinical trial controversy has already depressed the sales of both Zetia and Vytorin. A greater reduction in sales is anticipated as more doctors and patients digest the implication of the Enhance trial results.

The flap over the utility of Zetia and Vytorin will likely take a heavy toll on Schering Plough’s revenue stream. Analysts say that sales of Zetia and Vytorin produce almost 70% of Schering’s profits. The controversy will have less of a direct effect on Merck which co-markets Vytorin with Schering. However, Merck is still reeling from reports last week linking its popular asthma medication Singulair to suicide. 

Things are not looking too good in pharma land these days.

Until next time….

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

Wyeth Announces it Will Eliminate 1,200 Jobs

According to a post on the Wall Street Journal Health blog, Wyeth announced today that it is laying off about 1,200 marketing and sales representatives who helped support Protonix, its blockbuster heartburn and acid reflux medication. The job cuts are part of a previously announced “asset reallocation plan” that is designed to reduce the size of the company’s workforce by about 5% this year, and by 10% over the next three years.

The company employees about 50,000 people worldwide with roughly half of them in the U.S.  Like some of its competitors, Wyeth is facing stiff generic competition for several products that are slated to lose patent protection over the next couple of years and recently has had trouble getting many of its new drugs approved by the US Food and Drug Administration.

Until next time….

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

More Downsizing on Both Sides of the Atlantic

Cambridge, MA-based Alkermes announced today that it is restructuring its operations following the termination by Eli Lilly and Company of its inhalable AIR Insulin program (Alkermes manufactured the inhaler delivery device). The company is reducing its workforce by approximately 150 employees and closing its AIR commercial manufacturing facility in Chelsea, MA. The company is taking these actions based on its current expectations of the financial impact of Lilly's termination of the AIR Insulin program.

The job cuts, effective this week, represent almost 18% of Alkermes’ total workforce. Employees affected by the restructuring will be eligible for a severance package that includes severance pay, continuation of benefits and outplacement services. The company expects cost savings from the restructuring in the range of $15 million to $20 million in fiscal 2009.

In other news from across the pond, the trade group, the Association of the British Pharmaceutical Industry (ABPI), reported today that the UK pharmaceutical industry lost about 8.000 pharmaceutical jobs or about 10% of its workforce over the past three years. The ABPI asserts that there is a direct link between job cuts and changes to the British government’s pricing mechanisms for medicines. A spokesperson for the group said “Every time a new PPRS (Pharmaceutical Price Regulation Scheme) comes into force there is a decline in the number of jobs”. Not surprisingly, the group is urging the government to not make any changes in the PPRS.

The UK pharmaceutical workforce has taken a number of big hits of late– Pfizer recently closed a manufacturing plant in Kent, while British drug makers AstraZeneca and GlaxoSmithKline both announced substantial global job cuts many of which were located in Britain.

Until next time….

Good Luck and Good Job Hunting!!!!

Amgen and Wyeth's Enbrel Woes

Amgen announced today that Enbrel, its anti-TNF treatment for rheumatoid arthritis and psoriasis, is now required to carry a black box on it label warning patients of the possibility of developing tuberculosis (TB). Enbrel’s label already has a warning about the risk of TB and other infections, but gets the more serious warning to suggest screening and monitoring of patients for TB. The Black Box also indicates that TB has been observed in patients using other anti-TNF treatments like Abbott’s Humira and Johnson & Johnson’s Remicade, which contain similar warnings.

The new black box warning also affects Wyeth–Amgen markets Enbrel in the US whereas Wyeth sells it in foreign markets. The new Enbrel label requirements are not good news for either company both of which have been struggling with regulatory issues for several products over the past year or so.

Until next time…

Good Luck and Good Job Hunting!!!!

Bristol Myers Squibb Rumored to Be Looking for a Buyer for Its Mead Johnson Division

Bristol-Myers Squibb is quietly seeking a buyer Mead Johnson division, its baby formula business which is estimated to be worth around $7-$9 billion. According to word on the street, BMS may have approached PepsiCo, Danone, Nestlé, Kraft and Heinz as prospective buyers. BMS has also put out feelers to pharmaceutical companies which have nutritional divisions, including Johnson & Johnson, GlaxoSmithKline and Novartis.

The search for a buyer of Mead Johnson comes less than three months after BMS said it would conduct a strategic review of both its nutritionals business and ConvaTec, its wound care products division. Both divisions are highly profitable but are not consistent with the company’s strategic goal of refocusing corporate assets on its pharmaceutical and biopharmaceutical businesses. Both companies are located in New Jersey and sale of either or both companies could have a negative impact on its fragile economy which is already reeling from inordinately high property taxes.

BMS declined to comment on the sale, but said it "continued to evaluate its strategic options with Mead Johnson and ConvaTec". The company could also decide to spin off the units to shareholders, or do nothing.

Mead Johnson is best known for its Enfamil and Enfalac range of infant formula. ConvaTec sells a variety of wound care and ostomy products.

Until next time…

Good Luck and Good Job Hunting (not New Jersey)!!!!!!

FDA Advisory Panel Gives a "Thumbs Up" To Continue Using EPO for Cancer Patients

According to Johnson & Johnson, a panel of advisors for the Food and Drug Administration, in a surprise decision, supported keeping Epogen, Procrit and Aranesp from Amgen and Johnson & Johnson on the market for use in cancer patients who are anemic from chemotherapy.

The advisor panel voted 13-1 to keep Amgen's Aranesp and J&J's on the market for use with chemotherapy. The recommendation was very surprising because over the last year FDA has scrutinized the drugs because of safety concerns and recently added new warnings to the labels. Many analysts expected further recommendations for restrictions. Although the advisory panel vote is non-binding, FDA usually follows the advice of its panels when making regulatory decisions. However, it is important to note that FDA has not followed the advice of several advisory panels in the recent past.

The positive advisory panel vote is good news for J& J and Amgen because billions of dollars in revenue are at risk for the cancer indication.  I bet that J & J and Amgen executives breathed a collective sigh of relief after hearing the news!  Maybe that loud noise I heard earlier today was the popping of champagne corks at J & J corporate headquarters in New Brunswick, NJ.  

To quote Mark Twain: “The rumors of my death have been greatly exaggerated” is particularly apt for Amgen and J &J after today’s decision.

Until next time….

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

Merck's Vioxx Legal Strategy Benefits its CEO

Merck’s CEO, Dick Clark (maybe he should go by Richard?), seemingly had his work cut out for him when he assumed leadership of the company in May, 2005. At that time, Merck had withdrawn Vioxx from the market, its stock price had plummeted and the company was being sued by tens of thousands of people.  Thanks to the launch of several new products, including Vytorin and Gardasil, a brilliantly-conceived Vioxx legal strategy which resulted in a $4.85 billion settlement for much of the litigation, Merck‘s stock price is soaring and has been able to restore some of its former glory.

As a reward for his dedication and hard work, Mr. Clark received $14.7 million in 2007–an 80% increase over his 2006 compensation package. Don’t get me wrong; I am sure that he is a very talented, hard working guy who deserves every penny of his 2007 compensation package for bringing Merck back from the “dead”. That said, I can’t help but wonder what ex-Merck employees, who lost their jobs because of the Vioxx debacle, think about Mr. Clark’s compensation package. Given the growing paucity of pharmaceutical and biotechnology jobs in NJ, I suspect that some of them could use a little extra cash right about now!

Until next time….

Good Luck and Good Job Hunting (try Merck they gotta be hiring)!!!!!!!!

FDA Adds Black Box Safety Warning to EPO Drugs

Amgen announced today that US regulators added black box warnings to its erythropoietin drugs, Epogen and Aranesp. Similar warnings were also added to Johnson and Johnson’s Procrit which is licensed from Amgen. For those of you who don’t know, getting a black box warning on a drug label is like getting the “kiss of death” from a marketing and sales perspective. It certainly will not help sales of these products!

The new warnings approved by the Food and Drug Administration warn that the company's drugs increased death and accelerated tumor growth in patients with several types of cancer, including breast and cervical. Prior labeling warned of similar risks in other types of cancers.

The actions taken by the agency were not unexpected but suffice it to say there are a lot of unhappy Amgen and Johnson & Johnson employees in a Thousand Oaks, CA and New Brunswick, NJ

Until next time….

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

Teva to Add 165 New Jobs to Irish Manufacturing Plant

Teva Pharmaceuticals announced  yesterday that it will invest €65 million in its facility in Waterford, Ireland, and that it is creating an additional 165 new jobs over five years. Teva has three pharmaceutical plants and a research and development facility on its Waterford campus which was previously owned by IVAX Corporation. The expansion has been helped by grants from Ireland’s inward investment promotion agency, IDA Ireland. 

The existing facility supplies Teva's European respiratory products and also makes a range of treatments for the US market. The site is also Teva’s main research centre for respiratory products. The investment is expected to double the production capacity of both its inhaler and tablet manufacturing capacity. Pharmaceutical Industries Ltd. acquired the respiratory products business as part of its acquisition of the IVAX Corporation in January 2006. 

This is good news for the Irish pharmaceutical manufacturing industry which has been experiencing something of a slow down over the past year or so.

Until next time….

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

Luck of the Irish-Ireland is a Great Place for Pharma and Biotech

Is it luck or good planning that has prompted many pharmaceutical and biotechnology companies to set up manufacturing and research operations in Ireland? In my opinion, the recent Irish pharma and biotech explosion has little to do with luck and everything to do with strategic vision, excellent planning and a well trained, inexpensive workforce.

Currently, 28 out of the 50 top pharmaceutical/biotechnology companies in the world have facilities in Ireland. Some of these companies are Merck, Wyeth, Genzyme, GlaxoSmithKline, Pfizer, Johnson and Johnson, Schering-Plough and Bristol-Myers Squibb. Seven out of 10 of the world’s top selling blockbuster drugs are now manufactured in Irish production facilities. 

Pharmaceutical companies were the first to set up shop in Ireland. However, biotechnology is growing rapidly and biomanufacturing is starting to over shadow traditional small molecule production. Companies including Wyeth, Centocor, Bristol-Myers Squibb, Organon Biosciences (now part of Schering Plough) and Allergan manufacture biologics and biotechnology products in Ireland. In fact, Ireland is home to the world’s largest biomanufacturing facility, Wyeth’s € 1.3 billion Grange Castle near Dublin.

So why pharma and biotech are companies flocking to Ireland? First, the Irish labor force is well trained, everyone speaks English (albeit with an Irish lilt) and wages are still low. Second, Ireland has the lowest corporate taxes in the entire European Union. Further, there are R&D tax credits and financial support for start ups.  For example, there is financial support to purchase consultancy and innovation vouchers worth €10,000, a substantial amount of money for any startup! Finally, and perhaps most importantly, the Irish government had the foresight to create a public/private enterprise known as the National Development Plan (2000-2006) that invested € 2.5 billion to create an Irish R&D infrastructure.

The Irish strategy–“built it and they will come”– has certainly paid off handsomely for Ireland. Another country that has embraced a similar strategy is Singapore–which through a public/private initiative has been building a vibrant life sciences and biotechnology industry since 1999. Both countries now compete for pharma and biotech business. For example, in late 2007, Merck decided to build a € 200 million vaccine facility at Carlow Town in Southeast Ireland. Novartis, on the other hand, opted for Singapore to build a new $180 million pharmaceutical tabletting facility along side of its API production plant.

Unlike Ireland, the American pharmaceutical and biopharmaceutical industries are in trouble and losing their competitive edge. Perhaps the US can learn a thing or two from the Irish to give its bioscience industry a much needed shot-in-the arm.

Until next year….

Good Luck and Good Job Hunting (try Ireland)!!!!!!!!!!

GPC Biotech Slashes More Jobs

Germany’s GPC Biotech announced another round of job cuts as it tries to regroup after its failure to win US approval of its experimental prostate cancer drug satraplatin.

The company said that this latest restructuring will sharpen its focus on oncology clinical development efforts and further reduce costs to extend its cash reserves to cover three years of operating expenses. The restructuring is mainly focused on GPC’s early-stage research activities in Munich and will result in 38 job losses. The remaining work force will be 14 in Munich and 49 in Princeton, New Jersey. These latest cuts come after an announcement in November that the firm was slashing its workforce by over 100.

A GPC Biotech spokesperson also announced that the company is discontinuing internal development of the 1D09C3 monoclonal antibody, which is in Phase I clinical trials for relapsed/refractory B-cell lymphomas. However, RGB-286638, a broad-spectrum cell cycle kinase inhibitor, is expected to enter the clinic within the next six months. 

Things are looking pretty dicey at GPC Biotech.

Until next time….

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

Nektar Lays Off 110 Employees

The repercussions of the Exubera debacle are finally being felt at Nektar Therapeutics. The California-based company announced that it is cutting 110 jobs or about 20 percent of its workforce. The company also eliminated 40 open positions, while insisting plans will proceed to find a new marketing partner for Exubera. As many of you know, Pfizer terminated the Exubera deal with Nektar several months ago leaving Nektar holding the proverbial bag!

Until next time….

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

Targanta Finally Files New Antibiotic NDA

Cambridge, Mass-based Targanta Therapeutics announced Monday that it had finally submitted a new drug application to the U.S. Food and Drug Administration for its lead product, the antibiotic oritavancin. As mentioned in a previous post Targanta executives had decided to delay the submission of the oritavancin NDA.

Oritavancin is being touted as a viable option for treating antibiotic-resistant bacterial infections. It would compete in the marketplace against drugs including telavancin being developed by Theravance and cubicin, an antibiotic offered by Cubist Pharmaceuticals Inc to treat skin and blood infections.

Targanta has backed up its application with data from 19 clinical trials including two late-stage human clinical trials. More than 2,100 patients took part in the clinical testing of the drug.

I wish Targanta luck–we need new antibiotics!

Until next time…

Good Luck and Good Job Hunting

GlaxoSmithKline Suffers Another Regulatory Setback

US Food and Drug Administration regulators announced on Friday that it will take three months longer than expected to decide whether Entereg, a treatment for post-operative ileus being co-developed by GlaxoSmithKline, will receive marketing approval. The drug was originally supposed to be reviewed for an up-or-down decision on Feb. 10.

Entereg is being co-developed with Pennsylvania-based Adolor Corporation. Post-operative ileus affects patients after bowel surgery. Symptoms include constipation and other gastrointestinal dysfunction.

An FDA advisory panel recommended approval in January but said Adolor needed to come up with a better plan to manage long term use of the drug. FDA regulators are concerned about safety data showing that long term use of Entereg can have adverse cardiovascular effects.

Adolor has submitted a new risk-management plan to the FDA, which will take the extra three months to review it.  GlaxoSmithKline will split the revenue from any U.S. sales of Entereg with Adolor and is responsible for commercialization of the drug outside the country.

Until next time…

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

Wyeth, the Veterinarian and FDA

Things are not going well these days for Wyeth or the US Food and Drug Administration. In the latest of a series of complaints over FDA's safety review of drugs and industry influence on the agency, a Senate panel found flaws in its scientific objectivity when it reassigned an agency veterinarian over unfounded conflict –of- interest accusations by Wyeth.

The congressional inquiry looked into how the FDA dealt with Wyeth’s accusations against Dr. Victoria Hampshire, an FDA regulator who was helping to review the safety of one of Wyeth’s lucrative veterinary drugs. The case centers on Proheart 6, an injected dog heartworm medication that Wyeth pulled from the market in September 2004 after Hampshire linked the drug to dog deaths. Wyeth later complained about alleged bias by Hampshire. The company claimed that she intend to sell competing drugs through her own Web site. After Wyeth made the allegations, Hampshire was abruptly reassigned to another job within FDA and her case was referred to the U.S. attorney's office for possible criminal prosecution. Federal prosecutors quickly dropped the case, and much to FDA’s chagrin, in 2006, the U.S. Public Health Service named Hampshire veterinarian of the year.

Congressional investigators discovered that FDA referred Hampshire's case to prosecutors on the basis of mistaken allegations about her Web site that could easily have been checked but were not. As it turned out, Hampshire’s did little business at her website and did not sell any products that competed with Proheart 6. In fact, she actually sold Wyeth’s Proheart 6 until the company pulled it from the market. Go figure….

In a letter to HHS Secretary Michael Leavitt and FDA Commissioner Dr. Andrew von Eschenbach, panel Chairman Senator Charles Grassley (R-Iowa) wrote that the panel’s findings suggest “that the scientific process is being compromised internally" at the FDA. Also, he wrote that the case brings into question "the processes that FDA uses in response to industry allegations of wrongdoing by FDA employees."

FYI, a FDA advisory panel narrowly voted to keep Proheart 6 off the market shortly after Hampshire was reassigned in 2004.

Until next time….

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

Amgen Executives Must Stand Trial in Stock Manipulation Case

A federal judge ruled that Amgen Inc. must defend itself against charges that it misled investors about safety concerns with its flagship anemia drug, Aranesp.

A US district court judge dismissed charges against five of nine Amgen officers and directors but left plaintiffs 30 days to amend their complaint in order to include those defendants. The investors, led by Connecticut Retirement Plans and Trust Funds, assert that positive statements made by company officials regarding the safety of Amgen's two anemia drugs, Aranesp and Epogen, were knowingly at odds with clinical studies that had raised concerns.

The plaintiffs assert, according to court filings, that they unknowingly purchased artificially inflated shares, between April 2004 and May 2007. In one instance, during its fourth-quarter 2006 conference call, Amgen announced results of a clinical trial that tested Aranesp in 939 patients with anemia from cancer. The Food and Drug Administration, according to court filings, described the study as "demonstrat(ing) significantly shorter survival rate in cancer patients receiving (anemia drugs) as compared with those (sic) receiving transfusion support."

Describing the results of the study during the conference call, Roger Perlmutter, a defendant and executive vice president of research and development, said, "We did not see a statistically significant adverse affect of Aranesp on overall mortality in this patient population, and so we conclude that the risk/benefit ratio for Aranesp in these extremely ill patients with anemia secondary to malignancy is, at best, neutral and perhaps negative."

Sounds misleading to me! It is unfortunate that companies compromise their scientific integrity and corporate reputation simply to boost their stock price in the short term. I think companies are slowly learning that if they are dishonest or disingenuous with the American public that the public will soon lose confidence in them and their products. This, in turn, will lead to a decrease in sales and ironically a reduction in company stock price. As the old adage goes “Honesty is always the best policy!”

Until next time….

Good luck and Good Job Hunting!!!!!!!!!!!!

More Job Cuts Across the Pond

Astra Zeneca and Sanofi-Aventis announced job cuts today that will take place in the UK and Germany.

AstraZeneca says it plans to cut more than 300 jobs at its research and development hub at Alderley Park near Wilmslow England, 60 more than unions had feared.

The company, one of the biggest employers in Cheshire, said last week that it was examining its global R&D structure, prompting trade unions to claim that 244 jobs were likely to go at Alderley Park - its largest site for research - which employs more than 3,500. The majority of those affected at Alderley Park work on R&D into respiratory conditions, while there will be a smaller number of job losses from the cardio-vascular team.

Sanofi Aventis plans to eliminate 380 sales and marketing jobs in Germany, one-fifth of the total, because of difficult market conditions, a company spokesperson said. Sanofi Aventis currently employs 1,900 sales and marketing personnel in Germany. The company has 10,000 employees in the country.

The cuts will be made through a voluntary departure plan and retirements, the spokesperson said, citing difficulties in obtaining reimbursements, competition from generic drugs, and falling prices as reasons for the cuts.

The spokesman declined to comment on German press reports which said Sanofi Aventis's sales in Germany fell 8 per cent last year.

Mea Culpa: Allergan is Not Closing a Botox Production Facility

I inadvertantly misreported the story about Allergan closing an Irish manufacturing facility. I want to thank a reader for correcting the error.  The company is closing the production facility in Arkow which manufactures silicon implants.  Another facility in Westport produces Botox.  I guess getting rid of wrinkles is still de riguer whereas larger breasts may not in vogue anymore.

I apologize for myerror...stuff happens!  And thanks to those intrepid individuals who actually take the time to read what I post!

Until next time....

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

Allergan to Close a Botox Manufacturing Plant in Ireland

Allergan Inc., the maker of Botox, will close a plant in Ireland, eliminating 300 jobs, and transfer production to a factory in Costa Rica.

Ireland has lost about 10 percent of its manufacturing jobs over the last six years, as labor costs climb. As many of you may know, many US pharmaceutical and biotechnology companies set up production facilities in Ireland over the past 10 years or so because of its well trained workforce and lower labor costs.  However, because the Irish economy has grown so quickly and its middle has prospered, labor costs have been rising and manufacturers are now looking elsewhere to control costs. Unfortunately, this is likely to be harbinger of things to come for markets that were once sources of cheap, skilled labor.

Until next time….

Good Luck and Good Job Hunting Lasses and Laddies!!!!!!!!

Authorized Generics Have Arrived: Wyeth Launch's a Generic Version of its Protonix Brand

Wyeth announced yesterday that it is introducing a generic version of its blockbuster heartburn medication Protonix. The company is embroiled in nasty patent litigation with Israel-based Teva, one of the world’s largest generic drug manufacturers. The lawsuit, filed by Wyeth, claims that TEVA violated a violation of Protonix's patent which is set to expire in 2010. Teva introduced a generic version of the drug in December, which caused Protonix's sales to plummet, but then agreed to temporarily halt selling its rival product, known as pantoprazole, as the two companies engaged in settlement talks.

Protonix, one of Wyeth's top sellers, posted $1.45 billion of sales in the first nine months of 2007. Wyeth yesterday said its generic version would be distributed by Prasco Laboratories, a closely held Cincinnati company. A Teva spokeswoman declined to comment on what Wyeth's generic version means for settlement talks or whether Teva will resume sales of its own generic.

A steep drop in Protonix sales, which would be expected in the face of generic competition, would deliver yet another blow to Wyeth, which has tried and failed to win approval for some of its new medications including Pristiq for menopause symptoms and bazedoxifene for osteoporosis. Wyeth’s unprecedented move of a introducing a generic version of Protonix before patent expiry indicates how reliant the company is on sales of its blockbuster product.

If a court finds that Teva violated the Wyeth patent, Teva may have to pay triple damages awarded to the patent holder.

Until next time…

Good Luck and Good Job Hunting (try Israel)!!!!!!!!!!!!

More Pfizer Employees to Lose Their Jobs

 that 660 jobs will be lost at a Pfizer manufacturing facility in Terre Haute, Ind., a result of Pfizer Inc.'s decision to stop production of its inhaled insulin product Exubera.

Nat Ricciardi, president of Pfizer Global Manufacturing, announced Pfizer's decision to cut staff in Terra Haute because the company did not have another use for the specialized Indiana-based production facility.

Facility workers were told of the decision on Monday morning and that told layoffs would begin in March. The production facility employs about 800 workers in total and a majority of the affected employees are those hired within the last five years to produce Exubera. The remaining 140 workers will support the company's sterile manufacturing operation that included antibiotic production.

When the company announced plans in October to discontinue Exubera, it also said about 60 jobs would be lost at its manufacturing plant in Portage, Ind. They are among a total off 200 jobs the company has said will be cut here before the end of this year.

A Pfizer spokesperson said the company is "committed to providing whatever assistance our colleagues need, including internal job postings, job search tools, career and retirement counseling and severance benefits for those who leave the company." It appears that the Midwest is starting to feel pain associated with contraction of the pharmaceutical industry.

Until next time….

Good Luck and Good Job Hunting (forget the Midwest)!!!!!!!!!!

Job Cuts Announced at Wyeth

Well, it had to happen sooner or later.  Wyeth said on Friday it is considering cost cuts that could eliminate 10 percent of its work force over a three-year period.

Wyeth, whose earnings prospects have been hurt by delays last year in approvals of new medicines and the recent launch of a generic form of its blockbuster Protonix ulcer medicine, currently has 50,000 employees worldwide.

A company spokesperson said "It is premature to even begin to discuss which positions will be affected or how (job cuts) will be achieved. We are evaluating our business and trying to find ways to be more efficient, and part of that is to keep costs under control". He noted that details of the initiative will be presented to employees toward the end of March.

Stay tuned for more details!!!!!!

Until next time….

Good Luck and Good Job Hunting (avoid Collegeville, PA)!!!!!!!!!

Some Good News for Amgen

Amgen announced yesterday that its osteoporosis drug, denosumab, was safe and outperformed Merck’s Fosamax to improve bone density in a small Phase III clinical trial that included almost 1,200 patients. Unlike Fosamax which is taken orally once a month, denosumab (a fully humanized monoclonal antibody) only needs to be injected twice a year. As mentioned in a previous post, Fosamax will be losing patent protection and Merck recently announced that it will sell an authorized generic version of the drug. Fosamax and its generic equivalent represent the stiffest competition for denosumab if it receives regulatory approval.

Despite being the largest biotechnology company in the world, Amgen has struggled for the past year due to declining sales from its EPO franchise. Amgen’s pipeline is thin and company executives have bet the future on denosumab becoming a top seller. That said, the key measure for any osteoporosis drug is whether it can reduce or prevent bone fractures. Results from a pivotal Phase III clinical trial with over 8,000 patients comparing denosumab to placebo in fracture prevention are expected later in 2008.

I bet  a lot of employees in a Thousand Oaks have their fingers crossed!

Until next time….

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

Time for Some Belt Tightening: Eli Lilly Trims Retirement Healthcare Benefits

The Indianapolis Star reportsed that more than 20,000 Lilly employees will have to pay a larger share of their health-care premiums when they retire, and some might wind up working longer than expected to earn their full pensions, The changes are designed to keep benefits plans sustainable for years to come, according to a Lilly spokesman. Also according to Lilly, the drug maker, which has been shedding workers through attrition, is not using the changes to further reduce head count or to increase retirements-YEAH RIGHT!

I find it ironic that Lilly is spending millions of dollars to lobby against legislation allowing importation of lower-priced prescription drugs – and at the same time– is requiring its former employees (who EARNED their retirement benefits) to pay more for their medical coverage because of skyrocketing prescriptions drug and healthcare costs! 

Go figure!!!!!!!!!!

Until next time...

Good Luck and Good Job Hunting (avoid Indianapolis)!!!!!!!!

GSK to Close US Penicillin-Manufacturing Plant

Hat tip to Ed Silverman over at Pharmalot for alerting me to story. GlaxoSmithKline announced Tuesday that it will begin laying off workers at its pharmaceutical manufacturing plant in Bristol, TN.

The company plans to lay off all 236 people currently employed at its manufacturing plant, then cease operations. Layoffs are scheduled to begin April 7 and be completed by Oct. 31, 2009. GSK originally announced plans to close its 400,000-square-foot plant in 2006, citing declining sales of its leading penicillin drug, Augmentin. The Bristol facility is the only U.S. manufacturing facility still producing –all other Augmentin production occurs overseas.

It will take 18 months to close the facility because of existing contracts and complications related to cleaning the building. GSK plans to sell the facility once it closes.

In addition to the jobs that will be lost, the company pays almost $900,000 per year in city and county property taxes and is one of the city’s largest users of electricity, water and sewer services. "One of the big problems is that building has produced penicillin-based medicine and that limits what can go back into it" Sparks, said Bristol Deputy City Manager Sparks. "It’s a big, big hit on the community and if we can do something to replace them we will."

In addition to the antibiotic operation, GSK plans to close its print shop and an off-site plastics processing facility that makes bottles for the Bristol plant.

Until next time….

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

Celgene Promises Bonuses to Pharmion Employees Who Remain With the Company

When was the last time that you heard that a company which was acquiring another one was willing to pay employees bonuses to induce them to remain at the company until the acquisition was complete? Usually, acquisitions are followed by corporate right-sizing and job layoffs! Sometimes good things happen to good people!

As many of you may know, Summit, NJ -based Celgene (the company that turned thalidomide, a product with a long history of serious safety issues, into a safe and efficacious multi-million dollar treatment for leprosy and certain types of cancer) announced plans last November to acquire Denver, CO-based Pharmion for $2.9 billion.

To make the transition smoother, Celgene announced today that it would offer bonuses to Pharmion employees who remain with the company until the acquisition is complete. According to a Celgene representative, Pharmion workers hired by the Nov. 18 announcement of the $2.9 billion sale will qualify to receive pay 25 percent above their normal pay grade for staying on until June 1; staying between then and the end of the year triggers 50 percent pay bonuses. The bonuses apply to all non-field sales employees. Executive staff with contracts that spell out departure payments will receive different payments.

Celgene plans to make Pharmion a wholly-owned subsidiary and, in doing so, pickup the right to distribute the treatments for myelodysplastic syndromes and other drugs that Pharmion has been seeking regulatory approval in the United States and Europe.

Pharmion employed about 550 people, about 50 of whom worked at its Boulder headquarters. The rest were spread among offices in Overland Park, Kan., San Francisco, London and elsewhere.

Until next time…

Good Luck and Good Job Hunting (try Boulder after June 1st)!!!!!!!!!

Merck and Schering Plough Fight Back to Calm the Cholesterol Controversy

Merck and Schering Plough have taken out two-page ads in several major newspapers defending their cholesterol drugs Zetia and Vytorin whose efficacy has been seriously questioned following release of data from a clinical study called ENHANCE late last week. The new ad campaign takes direct aim at the fallout from ENHANCE which showed that neither Zetia nor Vytorin (Zetia plus Zocor) is more effective in preventing heart attack or stroke than a cheaper generic version of Zocor alone.

The ad offsets the most important line in boldface: "All of us at Merck and Schering-Plough proudly stand behind the established efficacy and safety profiles of ZETIA and VYTORIN." And then it's "signed" by Robert J. Spiegel MD, Chief Medical Officer of Schering and Merck’s VP of External Medical and Scientific Affairs, Richard Murray MD. However, this advertising blitz may be too little, too late. Consumer and physician confidence in Merck and Schering Plough have fallen precipitously after the ENHANCE data were released last week.

According to various sources, the companies reportedly spent more than $100 million on a highly visible, slick marketing campaign to promote Vytorin and Zetia last year. Who doesn’t recognize the ubiquitous commercials with the folksy violin music and the "colorful" relatives dressed to look like food to accentuate the point that cholesterol levels are related to family history (genetics) and the foods that one consume. They have taken a new tact with today’s ads which showcase a matter-of-fact advertising approach. We'll see if it the new, less flamboyant advertising campaign can staunch the hemorrhaging that it taking place today at both companies.

Until next time…

Good Luck and Good Job Hunting!!!!!

BMS Closes Another Puerto Rican Manufacturing Plant

Bristol-Myers Squibb announced today that it will close a 37-year-old pill manufacturing plant in the city of Barceloneta in Puerto Rico. The company plans to shut down operations at the facility over the next 12 months, eliminating about 225 jobs. The reasons for the closing were slowing demand for drugs manufactured at the facility, including two AIDS treatments and an antibiotic and a general need to cut corporate manufacturing costs. As you may recall, Bristol-Myers recently announced a restructuring to eliminate 4,300 jobs and save $1.5 billion.

This is the second time in the past few months that Bristol-Myers has announced plans to close a Puerto Rican production plant.  Last October, BMS announced that it intended to close a manufacturing facility in Mayaguez that made Pravachol (cholesterol-lowering), the Abilify (schizophrenia) and Glucophage (diabetes) that cost 400 employees their jobs. Not to worry–the company said it will continue to operate two other plants in the Puerto Rican cities of Humacao and Manati. About 3,000 high-paying pharmaceutical manufacturing jobs have been lost in Puerto Rico over the past year–given this growing trend, I think that the Puerto Rican government ought to begin to worry about its economic future.

Until next time….

Good Luck and Good Job Hunting (try China, India and Singapore)

When it Rains it Pours: The State of New Jersey Requests Amgen Documents for Off-Label Marketing of Enbrel

Still reeling from lawsuits filed last week by ex-sales reps’ alleging improper marking of Enbrel to treat patients with psoriasis, Amgen was subpoenaed on Monday by New Jersey's attorney general regarding allegations that the company promoted Enbrel for unapproved uses.

In the subpoena served Monday, Attorney General Anne Milgram is seeking "a comprehensive array of documents and information" concerning the marketing and sale of Enbrel from July 2002 to the present.

The subpoena calls for Amgen to deliver the required materials by Feb. 4.

Although doctors are free to prescribe medicines as they see fit, drug companies are only allowed to promote their products for uses that have been approved by the U.S. Food and Drug Administration and appear on product labels.

Until next time…

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

Tysabri: A Drug Snatched from the "Jaws of Defeat"

You gotta give Biogen/IDEC and Elan credit for winning regulatory approval for a product that was previously pulled from the market because of serious and potentially life-threatening side effects. On Monday, the US Food and Drug Administration granted regulatory approval for Tysabri as a treatment for patients with severe Crohn’s disease who do not respond to more conventional biotechnology treatments like Humira (Abbott Laboratories) and Remicade (Johnson & Johnson). About 500,000 patients in the US suffer from Crohn’s disease (an autoimmune disease) and usually causes diarrhea, fever and severe intestinal inflammation and bleeding. Currently, there is no known cure for the disease.

As many of you may recall, Tysabri, a treatment for multiple sclerosis, was temporary pulled from the market in 2005 after three patients treated with the drug developed a rare and sometimes fatal nervous disorder called multifocal leukoencephalopathy (MFL). FDA allowed the drug back on to the market in 2006 but only under a restricted distribution program. Tysabri is used by more than 12,000 Americans with multiple sclerosis . Since its reintroduction, there have been no new reports of MFL or other serious side effects. Because of its past safety record, patients with Crohn’s disease who use the drug must also enroll in a distribution program similar to the one required for MS patients treated with Tysabri.

The approval of Tysabri for a new therapeutic indication may make Biogen/IDEC a more attractive  takeover candidate. As many of you may know, Biogen/IDEC put itself up for sale about 3 months ago and was unable to find a buyer.

Until next time….

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

"The Times They Are a Changing"

 I think by now that Americans realize that the economy is taking a sharp downward turn. Even the recession-proof pharmaceutical industry has taken a huge beating over the past year or so– and things seem to be getting worse! The biotechnology industry, which is highly dependent upon venture capital and private equity to remain healthy, is also trending downward and will be hit hard if the economy slides into recession. To make matters worse, the US Department of Labor recently released figures which showed projected growth (for 2006 to 2016) for the fastest-growing occupations in America (see below). Not surprisingly, scientists–industrial or academic– did not make the top 20 list.

 

 

Occupation

Median Wage (May, 2006)

% Expected Growth

Registered nurses

$57,280

587

Retail salespeople

$19,760

557

Customer service jobs

$28,330

545

Food preparation & serving (including fast food )

$15,050

452

Office and general clerical workers

$23,710

404

Personal and home-care aides

$17,770

389

Home health aides

$19,420

384

Post-secondary school teachers

$56,120

382

Janitors and cleaners (not maids and housekeeping)

$19,930

345

Hospital nursing aides, orderlies and attendants

$22,180

264

Bookkeeping, accounting and auditing clerks

$30,560

264

Waiters and waitresses

$14,850

255

Child care workers

$17,630

248

Executive secretaries and administrative assistants

$37,240

239

Computer software and application engineers

$79,780

226

Accountants and auditors (4 year college degrees)

$54,630

226

Landscaping and lawn workers

$21,260

221

Elementary school teachers (not special education)

$45,750

209

Receptionist and information clerks

$22,900

202

Truck drivers, heavy equipment and tractor trailer

$35,040

193

 Together, this suggests that finding jobs in the pharmaceutical, biotechnology or related industries will be tougher in the next few years than it has been in the past. I suspect that this is not welcome news for those of you who have tried but were unable to find jobs in the past few years. With this in mind, I decided to launch a series of weekly blog posts that will last for 6 to 7 weeks entitled: “Everything That You Ever Wanted to Know about Finding a Job in the Bioscience industry …and Then Some”

I will post these weekly installments on my blog in the “Ask the Recruiter” category. I hope that the folks who read my blog will leave comments or ask me questions that may arise after you have perused the posts. Topics will include:

  1. Creating a winning resume
  2. Networking
  3. Conducting a job search
  4. Interviewing tips
  5. Negotiating a job offer
  6. Tips on getting promoted
  7. How to ask for a raise…and get it!
  8. Alternative career options for scientists

Because this undertaking is going to require a bit of thought and a lot of work, I decide to invite my colleagues Eric Celidonio and Joe Tringali to help me out. Eric and Joe are professional recruiters and bioscience career development specialists who work with me at local and national science meetings where we present bioscience career development seminars and provide resume critiquing services to graduate students, post-doctoral fellows and industrial scientists. Eric, Joe and I have worked together for the past 4 years or so and we are affectionately known as “The Three Bioscience Amigos”. It is our goal to offer you some insights and tips to enable you to find gainful employment in the bioscience industry.

Until next time…

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

Another Wyeth Drug Is Delayed!

Wyeth and its development partner, Tarrytown NY-based Progenics Pharmaceuticals Inc, said on Thursday that U.S. regulators have delayed a review of their experimental drug to treat opioid-induced constipation in order to further review certain safety data.

The U.S. Food and Drug Administration asked for the results of a recently completed study of the drug, methylnaltrexone, on QT prolongation, a disorder of the heart's electrical system. The companies said the study submitted to the FDA examined the effect of intravenous methylnaltrexone, which is being developed for post-operative ileus, a dysfunction of the gastrointestinal tract following surgery.

Both companies hope that FDA will review the application by the end of April, three months later than expected. I suspect that the old adage “If at first you don’t succeed, try, try, and try again” may be the new mantra at Wyeth these days!

Until next time….

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

Genzyme Boldly Enters the Cholesterol Market Fracas

Just what the market needs—another cholesterol control medication. That said you can always count on Genzyme to bring its unique approach to drug development to an already overcrowded marketplace.  

The New York Times reported today that Genzyme inked a deal with Carlsbad CA-based Isis Pharmaceuticals, an early pioneer of anti-sense technology. Genzyme has agreed to pay at least $325 million to win the hotly contested rights to Isis’ potentially powerful cholesterol-lowering drug called mipomersen. Genzyme beat out at least another 10 companies that were interested in the deal. Genzyme, one of the world’s most successful biotechnology companies, primarily creates drugs that are used to treat small numbers of patients with rare genetic diseases like Fabry disease and Type I Gaucher disease.

Mipomersen is in Phase III clinical trials as a treatment for a rare genetic disease that causes people to have astronomical cholesterol levels, raising their risk of premature cardiovascular disease and death. There are only about 10,000 people in the world with the most severe form of the disease, which can cause heart attacks even in young children. According to Isis, the drug lowered levels of cholesterol and other blood lipids more than 40 percent beyond reductions achieved by statins and other existing drugs alone. Isis and Genzyme believe that the drug might also be used for 1.5 million people in the United States and Europe with less severe forms of the genetic disorder and also for millions of people who have high cholesterol that is not controlled sufficiently by statins like Lipitor.

Genzyme appears to be a logical partner for Isis because of its focus on developing medications to treat rare genetic disorders. However, Genzyme’s ability to penetrate the broader cardiovascular market may be hindered by its lack of a large sales force which is typically required to call on general practice physicians who frequently prescribe cholesterol-lowering medications.

Isis and Genzyme hope to submit a new drug application to the US Food and Drug administration in 2009 for approval of mipomersen.

Until next time….

Good Luck and Good Job Hunting (try Genzyme)!!!!!!!!

ImClone: The Phoenix Rises

Remember the Sam Waksal-Martha Stewart insider trading scandal that rocked the financial world in the late 90s and early 2000s? What about Peter Dolan, the former BMS CEO, who plunked down $2.0 billion for an unproven colon cancer fighting drug Erbitux being developed by ImClone, a dubious biotechnology company?

Well, guess what? . At years end, ImClone’s stock price had spiked 65 percent! This is because Wall Street remained bullish on the company’s only product Erbitux, which has been approved to treat colon and some head and neck cancers. ImClone’s gains are in marked contrast with Amgen and Genentech losses, two of the world’s largest biotechnology companies, whose share prices declined 31 and 17 percent respectively in 2007.

Big biotech companies like Amgen and Genentech better watch their backs— much smaller and nimble companies like Gilead Sciences and OSI Pharmaceuticals also posted large gains in 2007.

As always, good science begets large profits. Despite BMS’s recent troubles, it executives certainly know how to recognize good science to create products that fulfill unmet medical needs!

Until next time….

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

The Beat Goes On: Merck Sells Antibiotic Manufacturing Facility

Reuters reported today that Merck & Co Inc has sold a manufacturing plant in Pennsylvania to PRWT Services Inc, as part of Merck's global restructuring of its manufacturing operations.

PRWT Services has entered into a five-year supply agreement with Merck valued at $100 million to $200 million a year, the companies said in a statement.

The Cherokee manufacturing plant in Riverside, Pennsylvania, employs 400 people, and produces antibiotics for humans and animals. As many of you may know, Merck’s CEO, Richard Clark ran manufacturing operations at Merck for 30 years before being appointed its top executive. Maybe he knows something that we don’t about the future of antibiotics?

Until next time…

Good Luck and Good Job Hunting!!!!!

Wyeth May Be This Year's "Biggest Loser"

Just days after hiring its Chairman and former CEO Bob Essner as a highly paid consultant, Wyeth learned on Monday that that Teva Pharmaceutical Industries could sell a generic version of its blockbuster heartburn medication Protonix ($2.8 billion in annual US sales) and the US Food and Drug Administration delayed approval of its new osteoporosis medication Viviant for the second time. The agency failed to approve Viviant because of lingering safety concerns that it might cause blood clots and strokes.

It is widely known that Wyeth has struggled to introduce new products to replace sales it will lose when its top-seller Effexor loses patent protection in 2010. The loss of Protonix, which has annual sales of  over $1.8 billion, could be a devastating blow to Wyeth. The company’s stock price fell $1.41or 3 percent to $45.45 on Monday after Wall Street learned Protonix’s fate.

During Essner’s six year tenure as CEO, he oversaw a diet-pill scandal that cost the company $12 billion in liability claims and has had no fewer than four (4) product approvals delayed by FDA. In addition to Vivant (delayed twice), Wyeth’s bifeprunox for schizophrenia and Pristiq for depression and menopausal hot flashes were delayed pending requests for additional data. Torisel, its kidney cancer drug, was delayed before it won approval last April.

It is still not clear to me, why Wyeth hired Essner as a consultant given his less-than-stellar record of product approval. Maybe Bernie Poussot, Wyeth’s newly appointed CEO, can pick up the pieces. I certainly hope so, because earlier this month Wyeth’s Board of Directors elected to raise the annual base salary of its CEO to $1.5 million, despite laying off thousands of employees this past year.

When is big pharma going to learn that raising a CEO’s salary does not necessarily translate into better earnings or a higher stock price? In my opinion, companies would be better off by raising the salaries (and retaining) motivated and talented employees—after all, aren’t these the folks who actually do the work? But then again, what do I know—I have never been a highly-paid CEO of a Fortune 500 company!

Until next time…

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

Oops, Pfizer Does it Again!

Pfizer Inc. said Tuesday it will buy privately-held biotechnology company CovX in a move to augment its own internal pipeline of biotechnology products. CovX’s expertise lies in developing long-acting, peptide-based biotherapeutic drugs.

La Jolla, Calif.-based CovX has already generated one early-stage diabetes candidate and two early-stage cancer treatment candidates, Pfizer said. It will operate as part of Pfizer's Biotherapeutic and Bioinnovation Center in California.

According to Pfizer CEO Jeffry Kindler, “The acquisition of CovX is a further step in Pfizer's strategy to acquire and identify new product candidates that we can put into development, leveraging both Pfizer's expertise and that of world-class scientists charged with discovering and bringing in new compounds.” The truth is: that Pfizer hasn’t seen a deal that it could not resist!

A Pfizer spokesperson said CovX scientists will remain with the company. That is exactly what Pfizer told Warner Lambert and Pharmacia employees after those companies were purchased.
If I was working at CovX I would be updating my resume–just in case

Some Good News for Employees After J&J Sells A Manufacturing Facility

A Johnson & Johnson Co. plant in Bedford MA that manufactures medical devices was sold for $45 million in cash to an Indiana-based provider of orthopedic products used in arthroscopy, dental and other medical professions.

The plant’s 200 workers will keep their jobs, and additional jobs could be added in the future depending on customer demand, said Fred L. Hite, senior vice-president and chief financial officer of Symmetry Medical Inc.

Symmetry, a public company listed on the New York Stock exchange, purchased the 82,000 square-foot facility from DePuy Orthopaedics, Inc., which is owned by Johnson & Johnson. Both Symmetry and DePuy are headquartered in Warsaw, Ind., known to some as the orthopedic capital of the country.

According to a release from Symmetry, DePuy is required to make minimum purchases from the New Bedford plant for four years following the acquisition, which is expected to be completed within 60 days.

Until Next Time.....

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

Pfizer Throws a "Lay Off" Party in Ann Arbor

According to an article in the Ann Arbor News, hundreds of Pfizer employees and their guests gathered at Eastern Michigan University's Convocation Center late last week for a good-bye party sponsored by the company.

The party included a live band parodying popular songs with Pfizer-themed material, with the participation of site director David Canter, and a retrospective video documenting change at the Ann Arbor site since it was built in the late 1950s.

Nobody was crying in their beer or anything like that," said a seven-year employee. "There was good food, nice music ... people were there just to have a nice time with their colleagues. ... It's hard to be bitter when you had such great people to work with." Gee, with such loyal employees, you wonder why Pfizer shut down the facility?

I guess business is business–at least Pfizer Ann Arbor ex-employees know that the company appreciated them a lot and that there are no hard feelings.

Until next time…

Good Luck and Good Job Hunting (I hear Ann Arbor is nice)

Glaxo Falters Again

GlaxoSmithKline announced today that the U.S. Food and Drug Administration wants more information on its cervical-cancer vaccine called Cervarix before clearing it for sale, giving Merck & Co. more time before a rival comes to market. As you may know, Merck was first to market with its highly touted (and somewhat controversial) cervical cancer vaccine called Gardasil. Both vaccines protect against infections with certain human papilloma virus (HPV) strains that cause over 99.9% of all cases of cervical cancer. Gardasil targets four strains of HPV - including two causing cancer and two causing genital warts, while Cervarix targets only the two cancer strains.

According to Ed Silverman at Pharmalot, “the FDA has issued a so-called ‘complete response letter’ for its Cervarix vaccine. Although it’s not clear, though, whether the agency wants additional trials, leaving open the possibility that the unexpected delay in approval can last anywhere from just six months to up to two years.”

As you may recall, Merck was actively lobbying state and federal legislators earlier this year to make Gardasil vaccination mandatory for girls aged 12 and older. I find it interesting that the agency is questioning Cervarix’s approvability given Merck previous and extremely vigorous lobbying campaign for mandatory vaccination with Gardasil.  “executives shouldn’t blame their problems on FDA being slow to green light new medicines”. Thank you for the insight Mr. Clark!
Continue Reading...

The Axe Falls Quickly at Novartis

My friends over at the WSJ Health Blog alerted me to the 2,500 jobs that were cut today by the Swiss drug maker Novartis. Daniel Vasella, Novartis’ CEO foreshowed the event in a recent interview with the Wall Street Journal that was published only 2 days or so ago. Hmmmmmmmm……….how clever!

The layoff represents about 2.5% of the Company’s workforce – a mere drop-in-bucket compared to recent layoffs at BMS, GSK and others. However, I would not want to tell that to the Novartis employees who lost their jobs today.

Analysts think that Novartis’ workforce is still too large. Novartis also plans on cutting over 1,250 US sales jobs. Look for additional right-sizing in 2008.

Until next time….

Good Luck and Good Job Hunting (not in NJ)

Boston Scientific Sells Two Business Units As Part of Its Restructuring Plan

The New York Times reported today that medical device maker Boston Scientific Corporation had agree to sell its fluid management and venous access businesses for $425 million to the private equity firm Avista-Capital Partners.

This is part of the restructuring plan that the Company announced several months ago.

Until next time…

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

Biogen/Idec Throws in the Towel

The Wall Street Journal reported late Wednesday that after weeks of exploring a possible sale to a larger pharmaceutical concern, Biogen Idec Inc. reported it had received no serious offers, prompting a 27% drop in the company's stock price.

In after-hours trading, Biogen's stock plunged $20.38 to $55.50, erasing $6 billion in market value. Before the announcement, the shares ended regular trading on the Nasdaq Stock Market at $75.88, up 49 cents according to the journal. Within a few minutes of the announcement, Biogen lost nine months of gains fueled mainly by buyout rumors. Acquisition candidates may have been dissuaded by Biogen's high stock price and market valuation -- its market value had grown to $25 billion after the company announced its intention to sell a couple of months ago.

In a previous post, I suggested that it would be unlikely that Biogen Idec would be able to induce a pharmaceutical suitor to take the “bait”. There simply was “too much hair” on the deal to warrant serious consideration by pharmaceutical suitors.

This will likely to be a serious and damaging blow to the Company. I am not sure what the future holds for Biogen Idec but I suspect it is not a bright one—whatever the outcome. Don’t be surprised if words like reorganization, strategic reallocation of resources or creative staffing solutions begin to appear in the media.  The company needs to sweeten the deal in order to get a real bite!

Until next time…

Good Luck and Good Job Hunting (try Biogen/Idec, all of the”smart” people are dusting off their resumes)!!!!!

More Pharma Job Cuts and Restructuring

According to Ed Silverman at Pharmalot the newly-formed executive steering committee at Sanofi-Aventis sent a letter to its R &D employees it will take care of implementing “strategic moves,” apportioning resources, overseeing overall management.

A Sanofi spokesman said “is a condensed structure, designed to facilitate quick decision making.” Yeah right–look for some corporate right sizing, allocation of strategic resources and job cuts at the French drug maker.

On another note, West Pharmaceutical Services, a Lionville, PA-based Company announced that it would shed 250 jobs or 13% of its work force as part of a restructuring program. A company spokesperson said it will reduce spending throughout the segment by consolidating two tool production operations into one facility, in Scottsdale, Ariz., and by reductions and consolidations at other production, engineering and administrative operations in North America.

Until next time….

Good Luck and Good Job Hunting!

Job Cuts and Restructuring at Novartis

Ed Silverman at Pharmalot alerted me to this tidbit. Daniel Vasella, CEO of the Swiss drug maker Novartis AG, mentioned in an interview with The Wall Street Journal that he is planning a companywide restructuring aimed at reducing “layers of management and bureaucracy—following through on reorganization comments he made several months ago.

Novartis, plans to disclose more about its restructuring plans by mid-month and elaborate further in February, adding that the restructuring will involve some job cuts, but Vasella declined to say how many. In an October briefing for analysts, Novartis executives said there would be 240 jobs cut in US headquarter functions Hanover, NJ) and 510 sales reps and 510 contracted rep positions eliminated, for savings of $230 million.

Novartis is one of several big drugmakers to cutback - AstraZeneca, Pfizer, Bristol-Myers Squibb, Glaxo and Johnson & Johnson have all announced layoffs in the past year. And Merck and Wyeth continue to trim selectively as part of ongoing savings programs.

According to the Journal, the changes at Novartis will follow recent management changes and comes after a tough year for Novartis. The drugmaker, faced generic competition on some of its

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Uh Oh, Here We Go Again--US Falls Further Behind in Science Education

The US has fallen further behind in science education. According to a report in my local paper, “A recent test of 15-year-old students from around the world showed that U.S. students ranked 29th out of 57 countries when it comes to science literacy. Worse yet, the U.S. ranked below the international average score, according to the Organization for Economic Cooperation and Development. The international study, conducted every three years by the Programme for International Student Assessment, tested 400,000 15-year-olds on literacy in science, math and reading last year. This most recent study placed a special emphasis on science because, as the report stated, solving scientific problems in today's society is "more important than ever."

The students from Finland scored the highest in the study, followed by students from Hong Kong/China, Canada and Estonia. The poor performance by the United States should not be taken simply as more bad news. Instead, it should be used as a rallying point for educators and politicians to begin to develop and implement strategies to improve science and math education.

If the current trends are not reversed, American students may have difficulty competing in science with international students, the result of which will mean fewer jobs for Americans in science-related fields in the coming years and a long- term negative impact on the American economy.”

This is nothing new. Others and I have been talking about the lack of science preparedness in the US for the past decade. Unfortunately, when it comes to education nobody really pays attention except to pass numbskull educational initiatives like “No Child Left Behind.” Sure, why not spend hundreds of million on standardized testing so that we can assess the effectiveness of primary and secondary education in the US. And then, let’s pat ourselves on the back when test results indicate that students are passing the tests at higher rates each year. I am sure that the rest of the world is quite impressed!

Until next time…

Good Luck and Good Job Hunting (if we can compete)!!!!!!


Merck's Quiet Buying and Deal-Making Spree

Let me say from the outset that I have always been a big Merck fan (not withstanding the Vioxx scandal). Many people who I went to graduate school with in the late 1970s at the University Of Wisconsin Department of Bacteriology wound up getting jobs at Merck (more than 15 at last count). It goes without saying that there is a world of difference between Madison (“yeah, baby”) and Rahway NJ but, nevertheless, there has been a long standing relationship between UW and Merck dating back to the 1960s– I guess good science begets good science! That said, Merck showed the world with the Vioxx debacle that even one the best and most respected pharmaceutical companies is fallible and can make mistakes when it loses sight of what earned it its reputation in the first place–good science and better drugs.

Merck is well on its way to recovery and it desperately wants to regain its former reputation as an innovative pharmaceutical company. Rather than attempt to accomplish this through internal organic growth, Merck has embarked on a global search to find innovation and then, either make a deal or simply buy it! Since 2004, Merck has done about 140 deals. Merck’ has continued this torrid pace and inked 53 or so deals in 2006 with various biotech and specialty pharmaceutical companies. The company plans to extend this deal-making spree into 2008 (as long as it continues to settle Vioxx court cases and its stock price remains high). Here is something of a “highlight film” of the acquisitions and deals that Merck closed in 2006.

Glycofi-New Hampshire, ($400 million); Merck acquired this innovative company founded by my colleague Tillman Gerngross (very smart guy) that developed a novel and unique humanized yeast platform to manufacture biopharmaceuticals.
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Another Feather in Fred's Hat

Schering-Plough Corporation was honored by Scrip World Pharmaceutical News last night with three top pharmaceutical industry awards: Large Pharma Company of the Year, Management Team of the Year, and Executive of the Year for Fred Hassan, Schering-Plough chairman and CEO.

I have to tip my hat to Mr. Hassan. He inherited a failing and dysfunctional company from former CEO  about 5 years ago. He certainly has turned things around at Schering Plough. So much so, that the company may soon regain its former reputation as a top-tier pharma company. Fred also turned things around after he arrived at Pharmacia (which was subsequently acquired by Pfizer).

I know several people who have worked with Fred as part of his executive team. They have nothing but positive and superlatives things to say about him. Mr. Hassan is truly one of the best CEOs in the pharmaceutical and biotechnology industries.

Until next time….

Good Luck and Good Job Hunting (try Schering Plough)!!!


As Expected: Thumbs Down for Genentech's Avastin

The NY Times reported today that a federal advisory committee voted that Genentech’s drug Avastin should not be approved as a treatment for metastatic breast cancer.

By a 5-4 vote, the committee decided that Avastin’s ability to delay the worsening of cancer did not outweigh the drug’s toxic side effects, especially since women getting Avastin did not live significantly longer in the end. Although the committee recommended against approval for Avastin, FDA has the final word. That said, FDA usually follows the recommendations of its external advisory panels.

FDA’s staff reviewers had been critical of the drug in an analysis released on Monday. Nevertheless, many Wall Street analysts thought the committee, made up mainly of cancer experts and physicians, would vote in favor of approval.

Analysts were expecting an approval in breast cancer to add $1 billion or more to annual sales of Avastin. Genentech’s stock price has been steadily declining for the last two years because its once explosive growth appears to be slowing.

Avastin is already one of the world’s best-selling cancer drugs, with United States sales alone of $1.7 billion in the first nine months of 2007.

Until next time....

Good Luck and Good Job Hunting

Bristol-Myers Squibb Sheds 4,300 Jobs and Closes Several Manufacturing Facilities

According to posts by my colleague Ed Silverman over at Pharmalot, BMS announced today that it would cut 4,300 employees or approximately 10% of its workforce by 2010 in an effort to control costs and keep its stock afloat. The company also announced that it was selling its Medical Imaging business and would considering selling its Convatec (medical devices) and Mead Johnson (consumer products) divisions to a buyer(s) for the right price. In addition, the drug maker announced plans to close plants in Puerto Rico and Panama. The Park Avenue headquarters in New York will also shrink as fewer floors will be occupied. Finally, BMS wants to reduce the number of brands in its portfolio by 60 percent between 2007 and 2011 and reduce the number of manufacturing plants by more than half by the end of 2010. These moves are expected to save the company approximately $1.5 billion.

BMS has long been considered a takeover target. However, with Plavix losing patent protection in a few years and Erbitux losing ground in the anti-cancer market there may not be enough left for an acquisition or merger. Only time will tell.

What a mess ex-CEO Peter Dolan created for the company. So it goes….

Until next time…

Good Luck and Good Job Hunting (not in New Jersey)!!!!

Oops....Merck Fails to Meet Wall Street Expectations

The New York Times reports today that Merck’s profit forecasts for this year and next fell a penny short of Wall Street expectations sending its shares lower. Ah, what a difference a penny can make!

The company’s stock price has risen, trading in recent days near its 52-week high of $60.49 after it announced less than one month ago it would pay $4.85 billion to settle tens of thousands of lawsuits stemming from its painkiller Vioxx, which it withdrew from the market in 2004.

Merck said that while it expected higher sales of its cervical cancer-fighting vaccine Gardasil, its diabetes treatment Januvia and its allergy treatment Singulair next year, generic competition would drive down sales of another top seller, Fosamax, an osteoporosis treatment.

Aside from Vioxx debacle, Merck has been on somewhat of a roll for the past three years. It was able to bolster its stock price during this time by instituting a cost-cutting plan that included draconian-like job cuts in 2005. Merck, which has already cut about 6,000 jobs under the plan, said yesterday that it would reach its target of eliminating 7,000 positions by the end of 2008.

This coupled with the recent layoffs at Bristol-Myers Squibb, Novartis, Johnson and Johnson suggest that now is not a good time to be looking for pharmaceutical or biotechnology jobs in New Jersey.

Until next time….

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

A Chink in Genentech's Armor

All good things must come to an end. Yesterday, FDA regulatory reviewers suggested that Avastin, Genentech’s anti-cancer drug, may not be an effective treatment for breast cancer. FDA reviewers determined that Avastin did not help women with breast cancer live significantly longer, and it caused serious side effects, including a few deaths.

An advisory committee to the F.D.A. will meet tomorrow to discuss whether Avastin, already a blockbuster drug for colon and lung cancer, will win an additional approval for breast cancer. The drug had $1.7 billion in United States sales in the first nine months of 2007.

It is unlikely that the advisory panel (composed of practicing physicians, other healthcare professionals and community advocates) will recommend approval of Avastin given the analysis provided by agency reviewers. That said, stranger things have happened at FDA over the past 9 years or so! My sources at FDA tell me that agency reviewers recommended against approval for Vioxx (Merck’s Cox-2 inhibitor that was subsequently withdrawn from the market) but the recommendation was not heeded by agency administrators.

The analysis by the agency’s staff appeared to dim the prospects that Avastin would win an approval as a treatment for breast cancer. Genentech’s stock fell $2.75, or 3.6 percent, yesterday, closing at $73.50.

Until next time....

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

Job Cuts at Pharma and Biotech Companies Hit Almost Record Highs in 2007

I hate to be the bearer of bad news (don’t kill the messenger) but 2007 has been rife with corporate downsizing and job layoffs. According to a post at Fierce Biotech, jobs cuts were primarily driven by “Concerns about patent expirations, falling sales due to drug safety concerns, redundancy from acquisitions and a general need to streamline operations”. The companies that have “laid-off” the most workers are:  

  1. Pfizer-10,000 
  2. Astra Zeneca-7,600 
  3. Bayer-6,100 
  4. Johnson & Johnson
  5. 5,000 Amgen-2,600

Companies that did not make the list but have quietly been laying off workers or freezing jobs include GlaxoSmithKline, Merck, Eli Lilly and Bristol-Myers Squibb.

It is not a good time to be looking for a job in the pharma or biotech industries. That said, there is always hope and let’s “hope” that 2008 is a better year for both industries.

Until next time….

Good Luck (you will need it) and Good Job Hunting!

Bristol-Myers Squibb to Announce Layoffs This Week

Rumor has it that Bristol-Myers Squibb will announce its long-awaited layoffs this week.  The company announced last Spring that layoffs were necessary and that employees affected by the job cuts  would be notified during the first week of December 2007. Most of the layoffs will likely occur at  BMSs' New York headquarters. Job cuts are also anticipated in sales and at several manufacturing sites.

Industry analysts believe that the company plans to announce a 10 percent to 20 percent cut in its workforce over the next three years to cut costs and save money. Also it is likely that BMS will close or sell off more than half its 38 manufacturing sites.

It has been a tough year for pharma.

Until next time....

Good Luck and Good Job Hunting....

Better than Monster: 50 Free Places You Can Post A Job Online

Amy Quinn at Bootsrapper sent me a link to a plethora of job sites where you can post your resume or if you are an employer post a job ad for free.

 

Check these sites out at:

www.businesscreditcards.com/bootstrapper/better-than-monster-50-free-places-you-can-post-a-job-online-and-get-top-talent/

 

 

Thanks Amy!

Until next time...

Good Luck and Good Job Hunting!!!!!

Happy Thanksgiving--Pharmaceutical Companies are Cutting Jobs and Closing Manufacturing Facilities in Puerto Rico

Pfizer said on Tuesday it will eliminate another 40 workers from factories in Puerto Rico. Pfizer closed a plant in Arecibo, Puerto Rico in 2005 and last year announced 210 layoffs in the U.S. Caribbean island territory

As pointed out by Ed Silverman over at Pharmalot, Puerto Rico has long been a manufacturing hub for US pharmaceutical companies. Over the past 30 years, pharmaceutical manufacturing has accounted for a quarter of the island’s gross domestic product and currently employs about 20,000 Puerto Rican citizens.

Over the past few years, companies like Watson Pharmaceuticals (generics), GlaxoSmithKline, Teva (generics), Bristol Myers Squibb and Schering Plough have either closed or will close manufacturing facilities on the Island. These closings were somewhat surprising because the Puerto Rican workforce is one of the best pharmaceutical manufacturing workforces in the world. That said, US pharmaceutical companies are looking elsewhere to produce their drugs because of rising wages, changing tax structures and the high cost of electricity (supplied by oil-fired power plants) on the island. Further, over the past decade, there have been ongoing compliance and quality assurance problems at many of the shuttered manufacturing facilities. Officials from these companies explained that it was less costly to shut down and move operations elsewhere rather than modernize the plants and bring them into regulatory compliance.

Despite these recent facility closings, the island’s pharmaceutical manufacturing industry still produces 13 of 20 best selling drugs in the US. However that number will likely continue to dwindle over the next few years. Many companies that have closed or are considering closing production facilities are moving operations to Asian destinations like Singapore, China, Thailand (and even Vietnam) where there are trained workforces, lower wages and cost structures and many people speak English.

Unlike most pharmaceutical companies, Amgen, Abbot and Lilly recently built or relocated biomanufacturing operations to Puerto Rico. Because of a trained workforce and Puerto Rico’s ongoing familiarity with FDA regulatory requirements, I suspect that other biotechnology and specialty pharmaceutical companies will consider establishing biomanufacturing facilities in Puerto Rico– pharma’s loss may well be biotech’s gain!!!!

Until next time….

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

Yes....Something Else is Wrong at Pfizer!

Talk about bad luck….Pfizer seems to have plenty. Government scientists are investigating whether Chantrix, Pfizer’s anti-smoking drug, increases suicidal thoughts and violent behavior.

FDA said that it had received reports of mood disorders and erratic behavior among patients taking Chantix, Pfizer’s prescription drug used to help quit smoking.

The agency said it was still gathering information about the drug, but advised doctors to closely monitor patients taking for behavior changes. Sales of the drug totaled $101 million last year. Small potatoes in pharma land but money nonetheless.

Pfizer has some work to do…hopefully the company can rise to the challenge.

Until Next Time….

Good Luck and Good Job Hunting

                      &

 HAPPY THANKSGIVING!!!!!!!!

Wyeth Bumps Up Its New CEO's Salary

The AP reported today that Wyeth raised the salary of its new chief executive.

President and Chief Executive Bernard Poussot will receive an annual base salary of $1.5 million, effective Jan. 1, and receive 120,000 restricted stock units that will begin to vest after three years. Poussot was promoted to CEO effective in January.  Remember, this is just Poussot's base salary.

I guess the Board of Directors felt that Bernie needed some front end incentives to keep Wyeth's stock price above $45 per share-not that there is anything wrong with that!  However, I find it troubling that executives are still getting pay raises when thousands of pharma and biotech employees are losing their jobs.  Go figure.....

Until next time...

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

American Biotechnology Training Buzz

I read an interesting article by G. Pascal Zachary in the Sunday Business Section of the NY times entitled “English Algebra, Phys Ed…. And Biotech”. The article focused on George Cachianes, a former Genentech researcher who became a high school teacher and the biotechnology training courses that he created at Lincoln High in the San Francisco Bay Area. Over the last 10 years, Mr. Cachianes created no fewer than 5 hands-on laboratory courses that showcase the practices and underlying principles of the biotechnology industry. In fact, each course is set up to resemble a start-up biotechnology company and is run that way by course participants! What a great experience for high school kids interested in both science and business! Great job George!!!

Biotechnology-rich regions like California, Massachusetts, Arizona, Wisconsin, Texas, North Carolina and New Hampshire were pioneers in the areas of biotechnology training and education. A quick perusal of many high school and community colleges curricula in these states reveals an extensive network of courses and certificate and associate degree programs in biotechnology. More recently, states including Virginia, Maryland and New York joined the effort. I tip my hat to the innovators in these states who had the vision to realize early on that “biotechnology was the next big thing” and that training for prospective employees was necessary for the American biotechnology industry to grow and prosper!
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Are You Kidding Me-Pfizer Buys Coley Pharmaceuticals?

I guess the old adage that “You can’t teach old dogs new tricks” applies to Pfizer’s decision to buy Coley Pharmaceuticals. Why isn’t it obvious to Pfizer executives that buying companies is easy, but integrating them into a a pre-existing corporate culture is difficult, time consuming and not cost effective.

Yes, Coley is sort of a “biotechnology company” and, as Pfizer has publicly stated, it wants to get into biotech in a big way. And yes, Pfizer and Coley have had a long standing research and business partnership. But, I am not sure that Coley is going to bring any real value to Pfizer. According to Jeffrey Kindler, Pfizer’s CEO, “This acquisition is an important component of Pfizer's vaccine strategy and reflects our commitment to research new and more effective vaccines to prevent infectious diseases and to treat cancers and other debilitating conditions". Coley has been around for many years but recently re-invented itself as a biotechnology company. A quick perusal of its products indicates that is sells a vaccine adjuvant and has several drug candidates in its pipeline (with only one in early stage clinical development). Although this appears to be a quick fix to “jump start” Pfizer’s biotechnology push, I do not think the acquisition will convince business analysts and Pfizer stakeholders that Coley will allow Pfizer to boldly go where the company has not gone before!

I wish Pfizer luck! I also hope that Coley employees are updating their resumes after today’s announcement.

Until next time…

Good Luck and Good Job Hunting!!!!!

More Downsizing in Pharma Land (NJ) and Bavaria

Munich Germany based GPC Biotech announced that it was cutting 44% of its workforce in an attempt to stay in business for the next two years. Sixty jobs in Munich will be eliminated as will 43 more in Princeton, New Jersey. The company is also shutting a facility in Waltham, Massachusetts. The layoffs will leave the once high-flying German biotechnology company with 114 workers.

GPC Biotech’s troubles began in July 2007 when an FDA panel recommended delaying a decision on the experimental cancer treatment satraplatin because of doubts about clinical tests. Last month, new clinical data showed that satraplatin didn't help cancer patients live longer which resulted in the layoffs announced today.

The company will keep a core team for product development in the U.S. and Germany, and retain researchers to discover new medicines. GPC will also keep workers to support business development.

Looks like job hunting in NJ may be getting a little dicier. Oy!

Until next time….

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

Update: Johnson & Johnson Creates New Divisions but Job Cuts Continue

Johnson & Johnson announced a “series of organizational changes, including the creation of a new strategy and growth organization to sharpen its focus on opportunities outside its traditional areas of interest and in the growing intersections of health care and the creation of two new business operating groups.”

Scott Hensley over at the WSJ Health Blog wrote “It’s no secret that the diversified health-products giant faces some gargantuan challenges. Sales of anemia drugs, for years the company’s biggest franchise, have been under intense pressure. Stents, another J&J hallmark, are hurting”.

J&J announced a plan last July to cut 3% to 4% of its roughly 122,000-person work force or approximately 4,820 jobs. According to my colleagues at J & J, job cuts have been taking place since the announcement and will continue into 2008.

Times are certainly tough for the life sciences industry. Is this a harbinger of things to come for other sectors of the US economy? I hope not…..

Until next time….

Good luck and Good Job Hunting!

Watch Out Amgen: Roche's EPO-like Drug Mircera Gains FDA Approval

Swiss pharmaceuticals producer Roche Holding AG said Thursday it has received approval from the U.S. health authorities for its anemia drug Mircera, but is still awaiting resolution of a patent case before launching the drug in the United States.

Mircera, which has been approved by the U.S. Food and Drug Administration for patients with anemia caused by kidney failure, is the subject of a legal tussle between Roche and rival Amgen Inc.

The new EPO-like drug is already sold in Austria, Sweden, Germany, Britain and Norway, Roche said.

Amgen will fight Roche to the end on this one. But, I think Roche will prevail. Let’s hope so!!!!!!!

Hot Off the Press: "May Cause Heart Attack" Added to GSK's Avandia Label

The FDA ruled today that GlaxoSmithKline’s blockbuster diabetes drug Avandia will now carry as part of its label a warning advising that its use might raise the risk of suffering a heart attack.

A black box warning is the sternest warning a drug can carry and still remain on the market in the U.S. Avandia already carries a black box warning advising it could cause or exacerbate congestive heart failure in some patients.

With 2006 sales of almost $3 billion, Avandia has been a major revenue driver for Glaxo.

Look for continued corporate right sizing at GSK through 2008.

Until next time….

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

Just As I Suspected!!!!

I want to thank Ed Silverman over at Pharmalot for providing me with data to back up my suspicions that hiring is taking a downturn at most pharmaceutical, biotechnology and medical devices companies.

According to the post at Pharmalot “Employers and recruiters in pharma, health care and biotech performed fewer searches in October, mostly thanks to declines in two key states - New Jersey and Massachusetts, which dropped by 5.6 and 3.2 percent, respectively, according to stats from MedZilla.com. Of the top jobs posted, the biggest changes were in research (a loss of two percent) and gains of 1.8 to 2.3 percent in business development, primary care, and marketing. Applicants, meanwhile, continued at the previous month’s rate of job searching, with only California seeing a change of more than one percent in either direction.”

Sales jobs are also taking a big hit.

I hate to be the bearer of bad news but sometimes a reality check is necessary to maintain perspective.

Keep the faith!

Until next time…

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

Cephalon Gets Whacked For Illegal Marketing and Sales Practices

When are drug companies going to learn that monopolies are illegal in the US? The New York Times reported today that Pennsylvania-based Cephalon, the maker of sleep and pain drugs, has agreed to pay $425 million to settle a federal investigation into its sales and marketing practices.

The company, maker of the sleep-disorder drug Provigil, was sued by the Pennsylvania Turnpike Commission in May over claims that the company sought to monopolize the drug market by delaying generic competition. Delaying generic competition? Sound familiar? You may want to ask Peter Dolan, former CEO of Bristol-Myers Squibb about his experiences with preventing generic competition for Plavix. I am sure you will get an earful.

Keep an eye on Cephalon for possible layoffs.

Until next time….

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

Sepracor to Cut 300 Sales Jobs

The Marlborough, Mass.-based drugmaker Sepracor announced last week that it would cut 300 sales job due to poor third quarter earnings.  Revenue for the quarter fell 1.9% to $283.95 million.

Sepracor manufactures and sells the well known sleep aid Lunesta which jumped 14% to $160.9 million from last year. However, sales of its respiratory product Xopenex HCL Inhalation Solution slid from $125.4 million to $94.4 million. The company announced the layoffs to reduce costs.

Looks like things are starting to slow down in the Boston area.

Until next time....

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

Boston Scientific Begin Asset Allocation Realignment aka Downsizing

I want to thank Ed Silverman over at thePharmalot blog for alerting me that Boston Scientific has begun its promised corporate downsizing to save half a billion dollars a year.

The company began the process of laying off Minnesota workers Tuesday, according to media reports, although just how many workers have received notice is not known. A report in the Star Tribune cited an internal memo to workers dated Oct. 5, detailing that workers whose positions would be eliminated would receive 60 days notice.

A spokesman for the company said Wednesday morning that the company could not confirm if or how many Minnesota workers had been given notice that their positions would be eliminated.

The company said in February it would lay off between 500 and 600 people at its Arden Hills facility. About 2,000 employees are expected to leave the company due to previously announced restructuring moves.

Boston Scientific has said for months that it would make substantial changes to its business, including monetizing its investment portfolio and cutting its workforce.

Published November 7, 2007 by the Minneapolis / St. Paul Business Journal


Find Diversity employment at DiversityJobs.com.

Finally-A Reality Check at Momenta Pharmaceuticals

The Massachusetts-based biotechnology company, Momenta Pharmaceuticals, announced late yesterday that FDA refused to approve its ANDA filing for M-Enoxaparin, a generic version of Sanofi-Aventis' Lovenox®. The agency cited that Momenta had failed to provide data in its application on the potential immunogenicity of M-Enoxaparin. I find this oversight to be extremely perplexing because Momenta’s management team had to know that regulatory approval of a product –considered to be a follow-on biologic (M-Enoxaparin is a synthetic version of low molecular weight heparin which is a polysaccharide) – would require a rigorous assessment of the product's  potential immunogenicity. If Momenta did not know about the immunogenicity requirements, then Sandoz (its co-development partner) had to be keenly aware of them because Sandoz had to provide immunogenicity data to FDA to garner approval last year of Omnitrope®, a follow-on version of human recombinant growth hormone (rHGH).

Although FDA’s refusal to approve M-Enoxaprin is a setback for the follow-on biologics movement in the US, it is about time, in my opinion, that Momenta’s stock price truly reflects the real market value of the company. Much to my surprise, Momenta’s stock price was over $30 a share about two years ago– presumably founded in the notion that the company’s innovative carbohydrate technology platform could be used to create a generic version of Sanofi’s multi billion dollar a year Lovenox® . I have no doubt that Momenta’s technology platform is one of the more innovative ones in the carbohydrate synthesis biz. However, as a former employee of 2 biotech companies founded on revolutionary carbohydrate synthesis platforms, I think that Momenta’s elevated stock price had more to do with the pedigree of scientists who started the company and the ROI that these scientists previously provided to the VCs who are currently backing Momenta. Further, cutting a deal with Sandoz, a company whose name is now synonymous with follow-on biologics may also have contributed to the elevated stock price.

If I was one of Momenta 100 or so employees I would be dusting off that resume right about now.

Unitl next time....

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

More Problems in Pharma Land: GlaxoSmithKline Announces Job Cuts, Amgen's Profits Fall and Lilly's Potential Blockbuster Hits Some Bumps

A sharp drop in sales of its blockbuster diabetes medication Avandia has forced GlaxoSmithKline (GSK) to embark on a major cost cutting campaign that includes job cuts. It is not clear where the cuts will take place or how many jobs will be lost. The company said it would close some of its manufacturing plants, including a plant in Puerto Rico which employs around 900 workers and has been a target of regulatory scrutiny because of ongoing quality control issues.

Although this is the first official public announcement of layoffs at GSK, my inside sources tell me that several hundred employees have already lost their jobs at GSK’s Collegeville, PA facility.

GSK’s announcement coupled with a sharp drop in Amgen’s third quarter profits and Lilly’s problems with clinical development of prasugrel (its highly anticipated anti-clotting drug) indicate that the road will be rather bumpy for the biopharmaceutical sector in the near future.

Until next time…

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

Another Pfizer Misstep-Let's Offer 'Em Relocation

There was a piece posted at TheDay.com entitled “More Pfizer People Opting to Transfer to Groton-New London”. The gist of the post was that Pfizer offered relocation packages to about 1,000 out-of-state and overseas employees a transfer to Connecticut earlier this year. Pfizer HR officials expected fewer than half of them to accept the offer. Instead, about 70% of the employees decided to accept the offer—much to the company’s chagrin. Apparently, working for Pfizer in Connecticut was a better option than having no job at all in the Midwest, Europe and elsewhere. The thing that puzzles me is why Pfizer thought otherwise. Maybe the folks who thought Exubera would be a blockbuster came up with the “nobody will want to live in Connecticut so let’s offer it to them anyway strategy!”

Unlike the rest of the US, I bet the housing market is booming in Groton-New London. Can you think of a better place to live that Southeastern Connecticut?

Until next time….

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

Medical Device Manufacter Boston Scientific Sheds 2,300 Jobs

Not to be outdone by big pharma, Boston Scientific, the medical device manufacturer that specializes in metal and drug-coated stents (which have recently garnered their fair of negative publicity in cardiovascular circles) anounced that it would be cutting about 2,300 jobs or 8% of its workforce.  The company did not specify exactly which employees would be laid off but it expects to save about $500 million dollars after the job cuts take effect.

Boston Scientific's recent acquisition of Guidant coupled with weakness in its core stent franchise has saddled the company with $8 billion in debt.  In addition to the job cuts, the company is “actively seeking buyers” for its actively seeking buyers for some of its business lines, including its cardiac surgery and vascular surgery businesses.

Until next time....

Good Luck and Good Job Hunting.....

More Bad Pharma News: Novartis to Shed 0ver1,200 Jobs

Ed Silverman who runs the  Pharmalot blog reported that Novartis is slated to cut about 1,200 jobs to save the company about $230 million a year.  According to the post at Pharmalot, Novartis will let 240 employees go at its US- based headquartersin Hanover, New Jersey and eliminate over 1,000 full time and contract sales representatives from its workforce.  Also reported was that Novartis is planning to create a biologics division within the company.  I find this extremely interesting because Novartis already has a strong footprint in the biologics biz  via its wholly-owned subsidiary Sandoz, which is one of the market leaders in the follow-on biologics aka biosimilar sector.

I guess having a biologics division is de rigueur these days if you are a big pharma company.  I am still wondering why it took so long for all of these high paid pharmaceutical executives to figure out that biotechnology was the next  big thing?  You would think that after 30 years, they would get the hint.  But then gain these are some of the same people who brought us Vioxx, Avandia, Exubera and ...go ahead ....pick your favorite.

Until next time....

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

Can Anything Else Go Wrong at Pfizer?

First, there was the torcetrapib catastrophe and now the Exubera debacle. Pfizer announced late yesterday that it would stop selling Exubera, the first approved inhaled insulin product, less than two years after its approval. Despite heavy promotion by Pfizer, Exubera sales were tiny, with prescriptions amounting to less than 1% of the multi-billion dollar insulin market.

Once heralded as a potential blockbuster drug by industry analysts, Exubera was plagued with questions about its safety, efficacy, convenience and cost. The bottom line is that it worked no better than injected insulin and, results from clinical trials showed that Exubera could decrease patients’ breathing ability. This coupled with the appearance of the delivery device, which resembled a bong (not that there is anything wrong with that), contributed to the inability of Exubera to gain acceptance among patients and physicians.

Exubera was originally developed by Nektar, a small publicly traded California-based biotechnology company that specializes in inhalation technology and protein delivery systems that include PEGylation. Pfizer bought the marketing rights from Nektar and assumed responsibility for clinical development of Exubera.
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Social Networking for Physicians and Drug Companies

It was only a matter of time before physicians jumped on the social networking bandwagon—not that there is anything wrong with that. Sermo, founded in September 2006 in Cambridge, Mass., provides a forum for doctors to seek diagnostic advice from peers. The site earns money by letting clients such as hedge funds monitor doctors' anonymous conversations and thus gain insight into, say, the popularity of certain medications and treatments. Sermo rewards physicians whose input is highly ranked by other members and soon will offer to pay doctors for participating in its clients' surveys.

Late last week,Pfizer inked an advertising and promotional partnership deal with Sermo. Facing financial pressures as some of its best-selling products lose patent protection, Pfizer is looking for more-efficient ways to reach the doctors who prescribe its medicines. Under the arrangement, Pfizer-affiliated doctors will be able to talk candidly with the site's 31,000 members, potentially giving the company insights into prescribing patterns and a way to show doctors data on its drugs.

Pfizer said it plans to discuss the partnership with the FDA since it is the first drug company to do a deal with Sermo. Call me crazy, but I see an enormous conflict of interest here. Maybe officials at FDA will also see it—yeah right!

Until next time….

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

Biogen IDEC For Sale?

Biogen IDEC, one of the world's largest and most profitable biotech companies, may be for sale.  The company was approached  last week by several pharmaceutical suitors and Carl Icahn the billionaire former corporate raider.  Mr Icahn has been interested in getting into the biotechnology business in a big way ever since he donated a large sum of money to Princeton University  (his alma mater) for a new molecular biology building. He currently owns substantial shares in a number of companies including Imclone, Biogen IDEC and others.

Biogen IDEC officials announced that while they are happy with the company's direction, they wanted to explore whether an acquisition by  a major pharmaceutical company may result "in superior value in the current environment". At $81 per share the company is valued at over $23 billion.  So, acquisition of the company would be the biggest ever of a biotechnology company and would easily eclipse the $15.6 billion that AstraZeneca paid to buy vaccine manufacturer MedImmune  last year.

Stay tuned for more updates!

Until next time....

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

Just in the Nick of Time: Pfizer Recognizes Biotech' s Potential

Pfizer announced earlier this week that is will establish a biotechnology research and development center in the Bay area in the near future. I think that it 's about time that the world’s largest pharmaceutical company finally realized that its future growth and success no longer lie exclusively in the realm of small molecules–duh!!!! I ask–“Where have Pfizer executives been and what have they been doing for the past 20 years"? I guess they subscribe to the old adage; “better late, than never”. Tell that to all of the right-sized Pfizer employees who lost their jobs in the past few years.

Maybe Pfizer is on-track and will get it right this time. One can only hope!

Until next time….

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

Amgen Cancels Plan to Build a New Biomanufacturing Facility in Ireland

Not unexpectedly, Amgen Inc  said on Wednesday it had shelved plans for a production plant in southern Ireland which would have generated 1,100 jobs. Amgen said the decision to postpone indefinitely the building of the factory in County Cork was "based purely on developments relating to Amgen's global business" and was no reflection on Ireland. As many of you may know, Ireland in recent years has become a hotbed of biomanufacturing largely because of its skilled workforce and lower cost structures.

In a statement, the company said it would keep the site on which the new plant -- intended mainly to supply the European market -- was to be built. Amgen, whose business has been affected by tighter regulatory restrictions on drugs, has embarked on a cost-cutting programme that includes reducing its global workforce by up to 14 percent.

Plans for the Cork facility were announced last year. It had been expected to be operational by 2012.

Until next time,

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

Let the Games Begin: Amgen Pink Slips to Appear This Week!

This should not come as a big surprise (especially to the Amgen employees who already know that they will be losing their jobs) but Amgen announced today  that it will be cutting about 450 workers in its West Greenwich, Rhode Island biomanufacturing facility and laying off about 675 workers at its Thousand Oaks, California, headquarters. On Aug. 15, 2007, Amgen, which is the world's largest biotechnology company, announced plans to pare its staff by 12% to 14%, or roughly 2,220 to 2,600 workers, as part of a major restructuring plan.

Although somewhat troubling, this is the first time in 25 years that Amgen is restructuring and has been forced to downsize. Nevertheless, looking on the bright side for Amgen alumni, being formerly employed by the world's largest and most recognized biotechnology company is a not a bad thing when looking for a new job! 

Until next time….

Good Luck and Good Job Hunting……….

What You Ought to Know to Get a Job in the Pharmaceutical and Biotechnology Industries!

Although industry and academia share a common bond (no pun intended), which is obviously science, the lexicons of these two seemingly similar but parallel worlds are markedly different. For example, do you know what the acronyms IND, NDA, cGMP, cGLP, BLA, CTD, PK or PD stand for? If you cannot decipher any of them, you ought to forget about getting a job in industry and stay in academia. If you know what 95 % or less of them mean, I highly recommend that you get some additional training before applying for your first industrial position. If you are one of the lucky few who recognized and correctly interpreted 100% of the acronyms, you are either working in industry or recently completed some postgraduate training in drug development and regulatory affairs. The point that I am trying to make is that you cannot possibly expect to get a job in industry if can’t speak the language that you need to know in order to succeed! As the old saying goes “You need to learn how to walk before you can run”.

So, take the test and your score will determine whether you are ready to apply for that long sought after job in the pharmaceutical or biotechnology industries.

Footnote: For those of you who are interested, you can decipher all of the acronyms that I listed by visiting and rooting around the FDA website.

Until next time….

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



Find information on Diversity recruiting at DiversityJobs.com.

Finally-Some Good News for Amgen!

The New York Times reported today that an FDA advisory committee voted on Monday against imposing a new restriction on the use of EPO-like drugs to treat dialysis patients with kidney disease, offering a rare reprieve to Amgen, the manufacturer of the drugs.

The panel voted 14-to-5 against an F.D.A. proposal to set a fairly specific upper range on the drugs’ use. Several studies have linked overuse of the drugs to cardiovascular problems and deaths and, when used to treat cancer patients, to a worsening of tumors.

Nevertheless, although yesterday’s vote made it less likely that there would be drastic restrictions on the use of the drugs in kidney patients, the levels of use are unlikely to return to those common before the safety concerns took hold. Even while rejecting the proposed ceiling, most panel members recommended a treatment target lower than what some dialysis clinics and kidney specialists previously used.

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Manufacturing Problems at Pfizer

Can anything else go wrong at Pfizer? Unfortunately for Pfizer employees, the answer is yes. Pfizer and FDA announced late last week that they found detectable levels of the mutagen/carcinogen ethyl methanesulfonate (EMS) in Viracept, the company’s flagship anti-HIV medication. EMS has long been known to be a potent mutagen and carcinogen. I can attest to the mutagenic potential of EMS, because in my former life as a bench scientist I routinely used it to generate point mutations in the bacteria that I was working with.

Pfizer and FDA agreed not to recall the drug in the US because the quantity of EMS found was “low”. However, Roche, the company that sells Viracept in Europe, did recall the drug (slightly higher levels of EMS were found in the European version of Viracept). Predictably, FDA cautioned that although there are no human data, EMS has been shown to cause mutations, tumors and birth defects in animals and is a "potential human carcinogen. Not surprisingly, Pfizer advises children and pregnant women not to start the drug, although children already taking it may continue (really?).
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The Woes Continue at Wyeth

On Thursday of last week, Wyeth suffered another blow in a long string of regulatory missteps and intellectual property disputes after a judge ruled that Teva (one of the world’s leading generics companies) and its marketing partner Sun Pharmaceuticals could begin marketing a generic version of Wyeth’s popular anti-heartburn medication Protonix. In the decision, a US district court judge refused to uphold Wyeth’s request to extend an injunction against Teva from marketing its version of Protonix. Teva, which is involved in a patent lawsuit with Wyeth and Altana over Protonix, has not yet said whether it will launch the product.
The patent lawsuit between the companies dates back to 2004. In July 2007, Teva agreed not to launch a generic version of Protonix until either a preliminary injunction was denied or it expired (which happened on Friday). Teva could launch the drug, but it would be considered at-risk because of the pending patent dispute. Continue Reading...

What are Good Laboratory Practices (GLP) Anyway?

I received a call the other day from a former biotechnology master’s degree student of mine who recently secured a job at a local biotech/medical device company. She called to inquire about training for her laboratory co-workers in Good Laboratory Practices or GLP as it is known in the biz. After a few minutes, I realized that she did not understand what GLP is– like many other people who call me requesting GLP training. With this in mind, I want to try and alleviate the confusion surrounding GLP.

Good Laboratory Practice regulations were established by regulatory authorities (including FDA) in the late 1970s. These regulations were crafted to standardize and improve the methodology and practices for animal safety testing of investigational drugs in pre-clinical development. As many of you may know, all investigational drugs are required to undergo safety testing in animals before regulatory authorities will allow the compound to advance and be tested in human clinical trials.

All of the US GLP regulations are found in 21CFR part 58. After a quick perusal of the regulations,

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Sandoz's Generic EPO is Approved in Europe

The New York Times reported today that a generic version of EPO, called epoetin alfa manufactured by Sandoz the generic division of Novartis gained marketing approval by the European Commission.  This is the second biosimilar product manufactured by Sandoz to gain marketing approval in the past two years.  The first, a biosimilar version of human growth hormone, called Omnitrope, was approved in Europe and the US in 2006 after Sandoz sued FDA.

Sandoz's epoetin alfa is the first generic version of EPO to hit the market . The approval of this product should reduce Amgen's strangle hold on the EPO market.  Roche is expected to receive approval of a new EPO-like drug called CERA early next year.  Although FDA is unlikely to approve Sandoz's  epoetin alfa (biosimilars cannot be approved in the US) expect the price of EPO-like drugs to drop over the next few years.

Despite the recent negative press about EPO use, the EU approval of epoetin alfa represents an important first step in legitimizing the follow-on/ biosimilar market.

This is a wake up call for the American pharmaceutical and biotechnology industries-its time to get with the program or lose market share.

FDA Approves ImClone's New Biomanufacturing Plant-More Manufacturing Jobs for New Jersey

ImClone Systems Incorporated (NASDAQ: IMCL) announced today that is has received approval from the Food and Drug Administration for a second facility to manufacture ERBITUX®. Company officials said that “The approval to manufacture ERBITUX in this new 250,000-square-foot multi-suite manufacturing facility, referred to as "BB50", more than doubles ImClone's total available production volume capacity for ERBITUX. This approval, in conjunction with ImClone's existing "BB36" manufacturing facility, enhances the Company's ability to meet increasing demand for ERBITUX in the worldwide market”.

Approval of the new facility, located in Branchburg, NJ could translate into additional jobs to an already battered manufacturing workforce.

If you live in NJ, and have biomanufacturing experience dust off that resume and shoot it over to the folks at ImClone.

Until next time….

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

Visit DiversityJobs.com for information on Diversity in the workplace

The Axe Has Fallen at Amgen

Amgen announced late today that it was cutting 12% to 14% of its workforce or close to 2600 workers mostly in research and development and manufacturing. The job cuts are slightly higher than analysts had expected and the first in Amgen's 20 year storied history.  Amgen has been losing ground due to slowing EPO and Aranesp sales and a push by regulatory agencies to the tighten the use of EPO-like products in dialysis and cancer patients. Amgen, which used to be an innovative and nimble biotechnology company, now resembles a stogy, traditional pharmaceutical company with hundreds of thousands of employees and a large infrastructure to support.  Like Amgen, Johnson and Johnson and other pharmaceutical companies including Pfizer, AstraZeneca, Bristol Myers Squibb and Merck recently shed thousands of jobs to cope with diminished prospects on new drugs and patent expiry on existing blockbuster products.  In contrast, Genentech which has a larger market capitalization than Amgen and remains iAmgen's largest competitor, has been able to remain true to its biotechnology roots by creating innovative, life-saving medicines-primarily in oncology.

It looks like the bubble has burst in a Thousand Oaks!!!!!

Until next time....

Good luck and Good Job Hunting......(except in a Thousand Oaks)

FDA to Require Good Manufacturing Practices for Dietary Supplements-More Jobs?

On June 22, 2007, the US Food and Drug Administration (FDA) quietly, but emphatically, issued a press release that heralded “the final rule” to establish regulations requiring current Good Manufacturing Practices (cGMP) for dietary supplements. As many of you may know, cGMPs are FDA-mandated rules and regulations that guide the manufacture of products ranging from food to cosmetics to pharmaceutical/biotechnology products. cGMPs were devised by FDA to insure product consistency, quality and safety. Companies that fail to comply with cGMP rules and regulations cannot manufacture or sell their products in the US. FDA monitors cGMP compliance via regular inspections of food, cosmetic and drug manufacturing facilities.

For those of you who do not follow cGMP regulations (sadly I do), FDA had previously not established ANY manufacturing regulations to guide production of dietary supplements. Products classified as dietary supplements include all of those botanical, herbal and other products that many of you have probably been taking for years! I bet most of you didn’t know that these products were not tested for safety or quality before you ingested them. In contrast with the drug and medical devices industries (which are highly regulated by FDA), companies that manufacture dietary supplement have been allowed to police themselves for product safety and quality for the past 50 years or so. This loophole in the cGMPs always troubled me because many dietary supplements actually contain pharmacologically-active compounds that are quite similar to prescription drugs.
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Layoffs Announced at Johnson & Johnson

As an another sign of growing weakness in the pharmaceutical sector, new Jersey-based Johson & Johnson  announced late last week that broad layoffs will occur across several divisions of the company.  According to published reports, approximately 4,800 employees will lose their jobs.  The company did not disclose all of the locations where the layoffs would occur with the exception of announcing that 600 jobs at its California-based Alza Corp subsidiary would be eliminated. 

J & J has a global workforce of approximately 120,000 employees with about 13,000 based in NJ. I suspect that the job cuts will occur in J & J's salesforce and possibly in American-based manufacturing operations.

Until next time...

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

 

Oops: Wyeth Does It Again!

On Friday, the US Food and Drug Administration (FDA) rejected Wyeth’s new drug application for bifeprunox, its experimental new schizophrenia treatment, on safety concerns. Wyeth is co-developing bifeprunox with Belgium-based Solvay Pharmaceuticals. FDA wasn’t satisfied with bifeprunox’s effectiveness (as compared with placebo and reference schizophrenia drugs) in two short term clinical studies for acute schizophrenia that were conducted by the company. The agency also requested more information on bifeprunox’s metabolism and additional details regarding the death of a patient in one of Wyeth’s studies. Industry analysts estimated that if bifeprunox garnered FDA approval it would have had net sales of $250 million next year and ultimately reach $1.0 billion in sales over the next few years.

FDA’s“unapprovable letter” for bifeprunox is the second major setback for Wyeth in a matter of weeks. Late last month, FDA sent Wyeth an “approvable letter” for Pristiq, a second-generation derivative of Effexsor, which Wyeth expects to sell as a treatment for menopausal symptoms. The agency had safety concerns about Pristiq and requested that the company conduct a year-long clinical study to address those concerns. Wyeth had hoped that it would have received FDA approval for Pristiq during this review cycle.
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As Predicted: Layoffs Likely for Amgen Employees

I posted a piece several months ago that predicted that Amgen may be in for a rocky ride as a result of slowing revenue growth (due to increased regulatory scrutiny of its EPO franchise) and a relatively weak drug development pipeline. Not surprisingly, the Wall Street Journal reported on Thursday that there are signs that employee layoffs are likely in the near future (I am sure that this is a not a surprise for current Amgen employees). In documents filed with the SEC on Thursday, corporate language appeared that included phrases like “improve our cost structure,” “seek greater efficiencies” — corporate speak that layoffs are imminent.

Industry experts estimate that layoffs of up to 15% of Amgen’s workforce may take place. In support of this, last week, CEO Kevin Sharer sent a message to employees through the company’s voicemail system, saying changes could be in the offing.

I think it is time for Amgen employees to remove the dust from their resumes!!!!!

Until next time….

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

Cool Site for Freelancers

I came across a new site called the freelancer forum. It is a nicely designed site that was created as a meeting place for freelancers and contractors who want to commiserate with other folks who live the freelancing life. The site also provides ideas, advice, resources, tools and software that can be used to create and maintain a freelance home office. There are discussion boards, and if you are lucky, you may be able to find a gig or two or three if you hang there. Full access to the site requires registration– which is annoying– but as the saying goes “there is no such thing as a free lunch”!

Until next time….

Good luck and Good Job Hunting!!!!!!!!

Freelancing: A Mid-Career Way of Life

An integral part of my original life plan was to go to graduate school, get a Ph.D. in bacteriology and then become a tenured professor/educator at a small, elite liberal arts college. There was just something irresistible about have a secure job doing what I loved to do! Much to my surprise, my career did not turn out that way. Instead, I became a tenure track Assistant Professor at a medical school which turned out to be not what I had expected. After not getting tenure and learning that I could not work for anybody but me, I found myself at one of those crossroads in life that we all encounter. One path would keep me on my long, ongoing entrepreneurial trek whereas the path that I had not traveled would provide me with a steady income that I could use to support my three children, a wife and a suburban lifestyle (ugh!). Decisions …decisions!

The less traveled path that I took is known as contracting or freelancing. Contractors or freelancers are typically mid-career specialists who move from job to job, i.e. contract to contract, depending upon where the need is. In contrast with the healthcare industry, contractors and freelancers have been used in the IT and telecommunications industry for the past 20 years. It was not until recently that pharma and biotech companies jumped on the freelancing bandwagon and began to use contractors in the areas of medical communications, regulatory affairs and project management. The reason for this paradigm shift in the pharmaceutical and biotechnology industries is simple: money! A company that uses contractors does not pay benefits to the contracted employees. This translates into a cost savings of approximately 30%-40% per contracted employee as compared with full-time workers. To that end, companies are typically willing to pay relatively high hourly wages to contractors in order to attract the best talent to their projects.
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Practical Tips on Becoming a Medical Writer

This article was authored by Emma Hitt, Ph.D. a freelance medical/science writer.

1. Become qualified, both in terms of your scientific background and level of writing skill. Depending on your background, you may need to get a four-year degree in a science, finish your masters or your Ph.D., read a book or two on grammar, take a writing course, etc. Very important: get someone (or several people) who know how to write to review your writing. Pay them if you have to.
2. Try to identify what types of medical writing appeals to you. Type in medical writer into jobs boards such as monster.com and see what comes up.
3. Set up a web site for your business. Your web site should have a professional look; you may need to pay a designer to create a web site for you.
4. Put some writing samples on your web site. If you don't have samples, you will need to write some—they don't have to be published. If they are published, you will need to get permission from whoever owns the copyright.
5. Start contacting potential clients that you would like to write for. Aim for 50 e-mails or phone calls a day. Generally, this number of emails will result in one new client. Fifty emails is a lot, I know, but you won’t have to do this for long—a few weeks at the most.
6. Bend over backwards to do an excellent job for your clients so that they give you repeat business. That way you won't have to do so much marketing. Pretty much every new client should become a regular client if you are doing things right.
7. Enjoy being a busy medical writer. Take on projects you like, make six figures, and work at home on your own schedule.

Unitl next time.....

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

Through the Looking Glass: Is the Fantasy Over For Pharma?

Being a biotech-focused person, I typically pay little attention to financial projections for the pharmaceutical industry. As many of you may know, the pharmaceutical industry has enjoyed unbridled growth, increasing profits and high stock prices for the past ten years or so. That said, I learned a few things about the pharmaceutical industry the other day that all jobseekers and current pharma employees ought to know.

First, the size of the worldwide pharmaceutical market in 2006 was approximately $608 billion (approximately one-third of the market was in the US). The overall growth of the industry in 2006 was around 8.0%. A large portion of the growth took place in the U.S (due to the introduction of Medicare Part D), Canada and Asia whereas the laggards were Europe and most notably Japan. Recent financial analyses indicate that the worldwide growth of the pharmaceutical industry is slowing in 2007 but is expected to be about 6.0%.

Second, this decrease in growth is expected to continue and it has been attributed to increasing use of generic pharmaceuticals (as compared with branded products) and a greater reliance by physicians on biotechnology products to treat chronic diseases. The Continue Reading...

A Biotech Grows In Brooklyn?

Despite its outstanding universities, easy access to venture capital and the old refrain that says” if you can make it here, you can make it anywhere” New York City and its surrounding metropolitan area are laggards when it comes to biotechnology start-up companies. Many biotech companies have been started in Westchester County, Long Island and Northern New Jersey but few have dared to “start up” in New York City itself. Sure, ImClone (the company that brought us Erbitux and Martha Stewart’s imprisonment) was started in NYC but eventually moved to New Jersey (like the rest of us). So what is the deal?

Historically, lack of space and high rents on available space were the limiting factors that prevented biotech companies from starting up in NYC. However, that all changed last August when New York city and state officials offered $54.5 million in subsidies toward creating a bioscience center at the Brooklyn Army Terminal affectionately known as BioBat. Officials said that the BioBat center would be designed for companies that had outgrown their incubator spaces (at various NY-based academic institutions) and wanted to stay in NYC but were unable or unwilling to pay Manhattan rents. Despite some Continue Reading...

Working As A Medical Writer

Some of you have heard me talk at career development symposia about the growing job opportunities for medical writers. As a freelance medical writer and medical communications contractor, I receive no fewer than 5 inquiries per week about my availability for medical writing work. It is great to be wanted but the truth of the matter is that there is a dearth of qualified medical writers out there!

A member of the American Medical Writers Association directed me to an article that was just published in Science Careers entitled “Working as a Medical Writer”. For those of you who want some insight into becoming a medical writer, I highly recommend that you read the article. It is well written and extremely informative. Also, for those of you who want to hear a little about medical writing from a bona fide medical writer, visit Emma Hitt’s Medical Writing website. Apparently, Emma, a seasoned medical communications writer, is willing to provide wannabe medical writers with some one-on-one time to discuss the “ins” and “outs” of the profession!

I highly recommend that if you are contemplating a career in medical writing that you act on it now….the job market will not remain this good forever!!!!!

Until next time…..

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

Continuing Medical Education: Is There a Dilemma?

Daniel Carlat, a Professor of Psychiatry at Tufts Medical School, blasted the continuing medical education (CME) industry in an Op-Ed piece published in the June 13, 2007 issue of the New York Times. For those of you who are not familiar with CME, all licensed US physicians are required to complete a certain number of accredited CME courses annually to maintain their medical licenses. In the past, CME courses were typically produced and financed by universities or medical associations However, over the past decade, much of the CME offered to physicians has been developed, paid for, and sponsored by drug companies. Over the past year or so, the US Office of Inspector General (OIG) developed guidelines that strictly forbid drug companies from underwriting or directly participating in the development of CME. Nevertheless, a loophole in the guidelines allows drug companies to give grants to medical communications companies to develop, organize and offer CME programs to physicians.

To that end, Dr Carlat asserts that: “Half of all continuing medical education courses in the United States are now paid for by drug companies, up from a third a decade ago. Because pharmaceutical companies now set much of the agenda for what doctors learn about drugs, crucial information about potential drug dangers is played down, to the detriment of patient care”. Although this may sound alarming, the unfortunate reality about CME is that it is simply too expensive for universities and medical associations to produce, organize and offer to physicians. The only organizations that have the expertise and largess to create CME content are the drug companies. With this in mind, Dr Carlat Continue Reading...

Pharmaceutical And Medical Technology Jobs Are On The Rise in New Jersey

According to a recent survey conducted by HeathCare Institute of New Jersey the pharmaceutical and medal technology industries remain two of the most reliable sources of high paying jobs in New Jersey.

Payroll in the two sectors rose slights to 61,971 jobs in 2006 and the average base salary for workers grew almost 4% to $97,500 per year. According to Healthcare Institute officials pharmaceutical companies plan $4.6 billion in construction in the state over the next two years. The slight increase in job growth last year was good news because payroll had been shrinking until 2005. Last year, New Jersey’s pharmaceutical and medical technology workforce was the largest it has been since 2003.

It appears that things may be looking up for those of you who would consider living in New Jersey. Not that there is anything wrong with that!

Until next time….

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

Former Pfizer Site Is For Sale

Pfizer Inc. has hired a company owned by former football player Roger Staubach to market a Michigan research campus the pharmaceutical giant plans to close.

Staubach Co. of Addison, Texas, will market Pfizer's 177-acre research campus in Ann Arbor, near the University of Michigan, the New York drug company said. Pfizer said in January it would close the facility as part of a corporate restructuring that will cut 10,000 jobs worldwide and save $2 billion a year.

The Ann Arbor site employed 2,100 people at the time. Pfizer expects the number to be 400 by the end of the year, a spokesman told The Detroit News. The company began cutting 50 to 150 people, in two-week cycles, in May and will continue the layoffs through the rest of the summer, the newspaper said.


US Patent and Trademark Office is Hiring

I was listening to NPR the other day and the Commissioner of the US Patent and Trademark Office (USPTO) was interviewed.  He mentioned that the USPTO has been hiring 1000 new employees for the past few years. He expects the trend to continue for the unforseen future as the number of patent applications continues to increase.  Based on his interview, he indicated that a new hire at the USPTO with the appropriate background could earn as much as $86,000 per  year.  Folks with experience can be hired at salaries in excess of $100K.  Not bad for reviewing patent applications every day.

The only requirements are a college degree in life or physical sciences, computer science and even in business.  Check them out.

Until next time....

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

Project Management: Hot New Career Track in Pharma and Biotech

I presented a number of seminars at the Experimental Biology meeting a couple of weeks ago offered attendees a number of ideas regarding alternate career paths for individuals with Ph.D. degrees. One new emerging career path that is still under the radar is something called project management. The name is self evident—your job as a project manager is to manage projects. Project managers are responsible for managing a project according to specified timelines and within the budget that was set for the project.

Project management has been employed for many years in the telecommunication and software industries. Pharmaceutical and biotechnology executives have finally realized the benefits of project management and many companies are now hiring project managers to oversee research programs. This is largely because bioscience executive have finally realized that it is more cost effective and timely to have appropriately trained project Continue Reading...

Venture Capital Firms Are Venturing into China

The New York Times reported today that the high profile technology investment firm Kleiner Perkins Caufield & Byers is opening offices in Shanghai and Beijing and plans to invest a $360 million fund in Chinese Internet, energy, media and communications start-ups. Ted Schlein, a partner at the firm, commented that his firm took this usual step because “this is where the opportunity is going to be in the world”

The decision of venture firms to “go East” into China makes sense because of the country’s blossoming economy and its unbridled entrepreneurial culture. In many ways, China today is similar to what happened in the U.S. in the mid to late 1990s. Simply put, there is money to be made in China and elsewhere in Asia.

Over the past few years, I have been advising Chinese graduate students and postdoctoral fellows to eschew job opportunities in America and to go home to China where the action is. I guess I really do know what I am talking about!!!!!!

Until next time….

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

Astra Zeneca To Buy Biotech MedImmune

Reuters reported today that AstraZeneca Plc (AZN.L) has agreed to buy U.S. biotechnology company MedImmune Inc. (Nasdaq:MEDI - news) for more than $15 billion in its biggest transaction since the creation of the Anglo-Swedish drugs group in 1999.

The all-cash deal, announced on Monday, is the boldest move yet by AstraZeneca Chief Executive David Brennan as he seeks to bolster the company's drug portfolio following a series of product setbacks.

MedImmune, one of the larger independent biotech companies in the United States, is best known as the maker of the nasal spray flu vaccine FluMist, but it also has two other marketed products, Synagis for infectious respiratory disease and Ethyol for reducing chemotherapy side effects.

It also has two late-stage products in development -- the next-generation follow-on to blockbuster Synagis and a refrigerated formulation of FluMist. and Synagis for infectious respiratory disease and Ethyol for reducing chemotherapy side effects.



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Hiring at FDA?

According to a recent article in Drug Discovery and Development, the US Food and Drug Administration (FDA) is seeking congressional approval of funds to hire an additional 82 employees to review regulatory filings, beef up its safety and surveillance division (a much needed improvement) and to more closely review and monitor direct to consumer (DTC) print and television ads. The funds to support the hiring of these new employees are part of the renewal package of the FDA Prescription Drug User Fee Act (PDUFA), entitled PDUFA IV that is on its way to the US Congress. For those of you who are not familiar with PDUFA, it was enacted in 1992 and is renewed every five years via congressional review. The law permits FDA to collect so-called user fees from pharmaceutical, biotechnology and medical devices companies to hire additional staff to speed up review of regulatory filings and applications for new drugs and biological products. PDFUA also imposes several performance metrics on FDA such as the length of review time for regulatory filings and applications. In other words, it permits companies to complain to FDA when they feel that the agency is taking too much time to review their applications! Continue Reading...

Hiring Freezes and Manufacturing Delays at Amgen

Amgen’s woes continue! Andrew Pollack of The New York Times reported today that Amgen’s CEO, Kevin Shearer, admits that his company has “hit some choppy water” recently but that Amgen “is not in crisis”. As a result of mounting bad press about the safety of its EPO® and Aranesp® products, coupled with several late stage clinical trials failures (most notably the cancer drug Vectibix) and a shallow drug pipeline, Amgen ‘s share price has plummeted 20% since January, knocking almost $20 billion off the company’s value. Moreover, sales of it flagship products EPO® and Neupogen® are slowing and future sales growth of these drugs is uncertain. Amgen has reacted to this mounting uncertainty about future sales by taking cost-control steps, imposing hiring freezes and postponing the opening of a new biomanufacturing facility in Ireland. If sales drop further, Amgen says, more cuts can be made, so look for job cuts in the near future.

Although Amgen is the largest biotechnology company in the world, it has been “making a living” off the sales of EPO® and Neupogen®; products that were introduced to the market in 1989 and 1991 respectively. The company’s most recent products –Aranesp and Neulasta–are modified versions of EPO and Neupogen and its blockbuster anti-rheumatoid arthritis drug Enbrel® was acquired when Amgen bought Immunex in 2002 Continue Reading...

Careers in Regulatory Affairs: A Sure Bet!

Regulatory affairs is one of the hottest and fasting growing career tracks in the pharmaceutical, biotechnology and medical devices industries. The trouble is,there is very little formal training available to prepare individuals for careers in regulatory affairs. Historically, most regulatory affairs professionals honed their skills through on-the-job training. This meant that the only way to pursue a career in regulatory affairs was to first get hired at a pharmaceutical or biotechnology company and then transfer into the regulatory affairs department to learn your craft. Not surprisingly, due to expansive growth of the biotech and medical devices industries, there are ongoing shortages of regulatory affairs professionals, most notably in the area of regulatory writing. In an attempt to deal with these shortages, a number of universities including Georgetown University and SUNY-Stonybrook offer some regulatory affairs training as part of their

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Word on the Street:Medimmune For Sale?

The Motley Fool  on Friday reported that MedImmune may be looking for a possible buyer.  The vaccine maker has a market capitalization of around $10.0 billion making the list of possible buyers extremely short.  That said, if I was working at MedImmune, I would be dusting off the resume and updating it ASAP.  Even if the company is not sold, having an updated resume on the hard drive never hurts!!!!

Until next time.....

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

The Truth About Research Funding

A new report recently issued by America’s top universities says that the nation’s “biomedical enterprise is in a serious crisis”. The crisis purportedly has resulted from shortfalls in funding from the National Institutes of Health (NIH) that only allows 20% of projects submitted for funding to be supported. The report goes on to suggest that “brilliant young scientists are leaving science in frustration, productive researchers are not doing research due to lack of funding and that the U.S. lead in biotechnology is being threatened”. Economics 101 tells us that a lack of available research funds ought to translate into concomitant reductions in the numbers of graduate students and postdoctoral fellows who are being trained at these institutions. This is simply not the case! A quick perusal of departmental rosters at many research institutions indicate that there is an overabundance of both graduate students and postdoctoral fellows at these institutions many of whom cannot find jobs at the end of their training. So what is really going on? Some insight into the situation was offered in an article by John Carey in a recent article in BusinessWeek.com.

Between 1998 and 2003, Congress DOUBLED the NIH budget from $13 billion to a staggering $26 billion ($28 billion in 2006) mostly due to powerful biomedical lobbying efforts (primarily funded by major American research institutions). This new found NIH funding largesse translated into investigator-initiated grant award rates that approached 40%. Meanwhile, NIH also decided to fund thousands of long-term research projects because they had the funds to sustain them! Easy access to grant monies coupled with the ability of universities to capture indirect costs over long periods of time prompted many major American research institutions to build new “state of the art” laboratories and core facilities. New laboratories mean that new scientists have to be hired and substantial sums of money will be required to run and maintain the facilities. Not surprisingly, the growing demand for new scientists and laboratory personnel coincides with the exponential increase in the number of postdoctoral fellows that were hired in the US between 1999 and 2004.
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How to Become a Medical Writer

As many of you may know, I sometimes moonlight as a medical writer to put food on the table to feed my family. Several graduate students and postdoctoral fellows have approached me at career fairs and asked “How do I become a medical writer?” Until now, I really did not have a good answer to that question (maybe because I do not know how I became a medical writer?). That said, a colleague of mine, Diego Pineda, has written a book aptly titled “Becoming a Medical Writer” which explains how to become a professional medical writer. He accomplishes this by providing his readers with some technical and operational information about medical writing, and by offering testimonials from medical writers who describe the sometimes circuitous paths that lead them to careers in medical writing.

Thanks, Diego…I am sure graduate students and postdocs everywhere will thank you for not having to listen to me wax romantically about medical writing at my next career fair!

Until next time….

Good Luck and Good Job Hunting!!!!!

Job Opportunities: Rebirth of the Vaccine Industry

The mere mention of the word ‘vaccine” used to cause pharmaceutical executives to shudder and recoil with fear. Aside from Merck, GlaxoSmithKline and Sanofi-Aventis no other pharmaceutical companies wanted to touch vaccines with a “10-foot pole”. This was largely due to liabilities issues surrounding vaccine use and also because vaccines are less financially lucrative than therapeutic products. My, how things have changed in the past five years! All of a sudden vaccines are the hottest “new products” in the biotechnology and pharmaceutical industries. More and more biotech and pharmaceuticals companies are getting into the vaccine business to create vaccines to treat a vast array of diseases including infectious diseases, cancer and even autoimmune diseases. So, what is responsible for this renewed interest in “all things vaccine”?

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The Next Big Thing in Biotech: Medical Devices And Diagnostic Products

In the not so distant past, biotechnology and pharmaceutical scientists looked down their noses at other scientists who worked in the medical devices and diagnostics industry. Boy, have times changed! Medical devices and diagnostic products are two of the fastest growing segments of the healthcare markets (anybody ever hear of drug-coated stents or artificial bone?). In contrast, pharma drug pipelines are essentially empty and biotech is becoming too risk adverse to invest much needed funds into innovative drug discovery and development to meet unmet medical needs..

The recent emphasis on medical devices and diagnostic products can be directly traced to two seminal events in recent American history: 1) the sequencing of the human genome and 2) the World Trade Center attacks of September 11, 2001. The sequencing of the human genome gave us a roadmap and the tools that are necessary to develop new diagnostic products and medical devices whereas the September 11 attacks made it abundantly clear that new bioterror detection and diagnostic products will be necessary for survival the 21st century.
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Genentech to Build a New Biomanufacturing Plant in Singapore

Reuters reported that Genentech Inc., the world's second-biggest biotechnology company, said on Wednesday it would spend US$140 million on a new manufacturing plant in Singapore.

The new plant will employ about 100 people and produce E. coli-derived products including Lucentis, which is used to treat a form of blindness . Genentech also has plans to buy an existing cancer drug manufacturing facility in Singapore from the Swiss speciality contract manufacturing firm Lonza. Construction of the new plant will begin in late 2007 and is expected to be completed by 2010.

Singapore, a county of  little over 2.0 million people, has made a huge commitment and investment in biotechnology over the past eight  years.  Some of the world's largest pharmaceutical companies including Glaxo SmithKline, and Pfizer have already have research facilities in Singapore.

For those of you foreign nationals looking for jobs, you may want to consider Singapore.

Until next time....

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

Internships Available at FDA for Summer, 2007

Frequently, students who I teach in the NY Biotechnology Center's "Fundamentals for Biotechnology Certificate Program" and the "Georgetown Biotechnology Masters Program" ask me about internship opportunities.  My lack of knowledge regarding student internships led me to check out what type of internship opportunities exist at various government agencies.  Lo and behold, FDA has a little known summer student internship program that is currently acccept.ing applications this summer. This is what I found at the agency webstie:

Office of Policy Internships

The Office of Policy offers non-paid internships for interested undergraduate, graduate, and doctoral students. Past interns have had diverse educational interests, such as pharmacy, law, government, economics, and management. Our interns have worked on congressional hearings, drug importation investigations, novel disease outbreak issues, and briefings for senior agency officials. As an Office of Policy intern, you can expect to work on substantive projects, develop professional skills, and benefit from the personal attention of a mentor.

Purpose of Internship Program
The primary purpose of the Office of Policy internship program is to give students an opportunity to learn about federal programs, policies, and practices first-hand. By the end of the internship, each student will have the skills and knowledge necessary to allow him or her to make a significant contribution to public health.

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Job Cuts at Schering Plough?

New Jersey-based Schering Plough announced on Monday, March 12, 2007 that is plans on buying Organon Biosciences, a division of Akzo Nobel NV for $14.4 billion.  The deal makes sense for Schering whose pipeline was thin and relied too heavily on its cholesterol-lowering franchise for revenue.  That said, Schering Plough CEO, Fred Hassan, suggested that there may be some job cuts as a result of the deal. Schering Plough employs 35,000 people whereas Organon employs 19,000.  Although a majority of any cuts would likely come from the Organon side of the deal, you just never know. It looks like the NJ job market may take another hit.

Stay tuned for more details!

Until next time....

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

Role Reversal: University of Michigan to Hire Pfizer Ex-Employees

In an unprecendented move, the University of Michigan announced on March 9, 2007 that it has set aside $3.0 million to attract and hire workers from the Pfizer research facility (formerly Parke Davis Pharmaceuticals) that is closing in Ann Arbor. University officials indicated that the fund will be spent over three years to help to hire Pfizer employees for research- track positions in the various departments at the university. This move is part of an effort to help to keep talented researchers in .Ann Arbor as part of the University's efforts to sustain a fledgling, local biotechnology industry.

Pfizer announced on Jan 22, 2007 that it planned to shut down facilities in Ann Arbor, Kalamazoo and surburban Detroit as part of a restructuring plan, affecting about 2,410 Michigan jobs by the end of 2008.  All but about 310 of those jobs is in the Ann Arbor area. Pfizer plans to transfer up to 70 percent of the Ann Arbor employees to other company positions- although about 25 percent expressed an interest in remaining in the area.

Now is not a good time to be lookng for employment at Pfizer!!!!!!!

Unitl next time.....

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

Contract Employment: A New Paradigm for Pharma and Biotech

The practice of hiring temporary employees for short term, contract-based work is not a novel or new one. IT companies championed this practice in the mid 1990s and have been successfully hiring “contractors” over the past decade. These companies quickly realized that the contract employee paradigm made fiscal and operational sense. For those of you who may be unfamiliar with contract employees, they are typically hired on three (3) to six (6) month-long contracts and are paid an hourly rate. Unlike salaried employees, contractors are not entitled to receive any company benefits like health insurance or 401K plans. Large companies can save hundreds of millions of dollars by not offering benefits to temporary employees. Another financial benefit is that contract employees are only paid when they show up for work! This is in marked contrast with salaried employees who rarely have to account for time spent in or out of the office. Not surprisingly, contractors are carefully scrutinized for the hours they work and must submit weekly timecards (that summarize total hours worked) before they are paid. From an operational perspective, contract employment permits employers to determine whether a particular contractor is the”right fit’ for a company. If a contractor is deemed to be a good employee worth retaining, a company has the option of either offering a contractor a second contract or hiring them on as a full-time employee. On the other hand, if a contractor is not working out, the company can “let them go” without any hesitation because temporary employees have no employment protections. Continue Reading...

Bayer to Cut 6,100 Jobs

 

German drugmaker Bayer AG said Friday it would cut 6,100 jobs worldwide as it integrates Schering AG into its healthcare subsidiary. The cuts include 3,150 jobs in Europe -- 1,500 of them in Germany -- 1,000 in the United States, 1,200 in Canada and Latin America, and 750 in Asia and the Pacific Rim, the company said.

Bayer and Schering's pharmaceutical operations employ some 60,000 people worldwide.

Bayer Healthcare AG Chairman Arthur Higgins called the cuts "unfortunate but unavoidable" as the company seeks to achieve competitive cost structures.

The integration into the new Bayer Schering Pharma AG will cost $1.3 billion through 2008 and is projected to save about $925 million a year starting in 2009, Bayer said.

Construction of Genentech's New Biomanufcturing Facility Will Be Completed in the Summer of 2007

The construction of Genentech's $1.0 billion biomanufacturing facility is slated to be completed by the summer of 2007.  The plant will be located in Vacaville, California.  Construction of the plant begain in Fall, 2004.  Stay tuned for new job opportunities...after all, they will need workers to staff this new state of the industry biologics manufacturing facility.

Until next time....

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

Now Its Amgen's Turn....

Amgen is the world’s largest biotechnology company and employs almost 17,000 people. The  company’s best selling products are Epogen® (EPO) and Aranesp® (ARA) which are recombinant proteins that stimulate red blood cell production. EPO and ARA account for over half of Amgen’s yearly income. In 2006, the combined sales for the two products was approximately $6.6 billion (ARA, $4.5 billion; EPO, 2.1 billion). Both EPO and ARA have been approved to treat kidney dialysis patients who are anemic whereas similar products, e.g. Procrit®, Eprex®, are used to treat chemotherapy-induce anemia in cancer patients. Over the past 6 months, there has been a growing body of evidence that EPO, ARA and Procrit are being used to over-stimulate red blood cell production to levels that may cause heart attack or stroke in dialysis and cancer patients. More recently, results from clinical trials to determine whether EPO and ARA can be used to treat non-chemotherapy induced anemia in cancer patients indicated that cancer patients treated with EPO or ARA are at greater risk for death as compared to placebo-treated patients. Together, these data may prevent Amgen from gaining regulatory approval for use of EPO or ARA in new oncology indications.

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Social Networking May be Hazardous to Your Career

  An article written by Kate Lorenz from CareerBuilder.com about the social networking phenomenon got me thinking. How many of you have a profile on MySpace or FaceBook or other social networking sites? I bet many! After all, everyone knows that it is cool and hip to have a profile on MySpace or FaceBook. But, perhaps more importantly, social networking profiles are a great way to meet and make new friends. That said, it is also a facile way for anyone with an internet connection to gain insight into your personal life whether you want them to or not.

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Revisiting Medicinal Chemistry Jobs

Those of you who are old enough may remember a time when a good medicinal chemistry group was crucial to the success of any pharmaceutical company. For those of you who don’t know, the job of a medicinal chemist is to use traditional organic chemistry to create variants of promising lead compounds with the hope of identifying an NME with optimized therapeutic properties. Much of the art associated with medicinal chemistry was lost over the past decade because of the increased emphasis placed combinatorial chemistry. Not surprisingly, as the interest in combinatorial chemistry grew, there as a concomitant decrease in the number of medicinal chemistry jobs. Despite all of the hype and fanfare surrounding combinatorial chemistry, it has not delivered on its promise of creating “hundreds on new molecular entities each year”. Instead, combinatorial chemistry has just become another tool in the drug discovery and development armamentarium. Continue Reading...

The Blockbuster Drug-Pharmaceutical Employment Conundrum

Much has been written about the end of the “blockbuster” drug era in the pharmaceutical industry. For those of you who may not know what I am talking about, a blockbuster drug is one that yields a pharmaceutical company over $1.0 billion a year in sales. If you figure that the profit margin on a blockbuster product is typically around 1000 per cent, it is easy to see why pharmaceutical companies have relied on the blockbuster drug business model for the past few decades. Over the past several years, pharmaceutical company executives and Wall Street analysts have declared that the blockbuster drug model era may be drawing to a close. Unfortunately, it was this business model that enabled major pharmaceutical companies to make billions of dollars, grow larger and hire tens of thousands of new employees. Consequently, it should not come as a surprise, that the end of the blockbuster drug era will have a serious negative impact on the size of the global pharmaceutical workforce

Bristol Myers Squibb (BMS) is an excellent example of the effects that loss of a blockbuster drug may have on a major pharmaceutical company. Sales of its anticlotting drug Plavix® reached a whopping $3.2 billion in 2005 which accounted for approximately one-third of BMS’ total revenues that year. However, in 2004, the Canadian generics manufacturer Apotex, after developing a generic version of Plavix®, challenged the validity of the Plavix® patent estate (which was thought to run through 2011). In an effort to settle the patent dispute, BMS entered into an agreement with Apotex in 2005 which stipulated that Apotex would delay launch of its generic version of Apotex until 2011 in exchange for cash. Unfortunately, American authorities learned about the agreement and declared it illegal and invalid. Interestingly, according to the terms of the agreement, BMS agreed to not prevent Apotex from selling its generic version of Plavix for 30 days if the agreement was terminated for any reason. Termination of the agreement in late 2006 allowed Apotex to temporarily launch its generic version of Plavix®. Although Apotex’s drug was on the market for only a few weeks (before BMS got an injunction to stop Apotex from selling its product), U.S. sales of Plavix plunged to $2.7 billion in 2006. This represents a $500 million loss in sales as compared with 2005.
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Employee-Employer Relationships: Something is Rotten at Wyeth

I just received an e-mail message from a medical writing colleague who worked with me at Wyeth. We got to know one another because she is a Seinfeld fan and I used to play softball with Larry David, (a co-creator of Seinfeld and the star of Curb Your Enthusiasm), while I was a postdoctoral fellow at the College of Physicians and Surgeons at Columbia University. She loved to hear Larry stories. That said, she is a straight shooter who let folks know what she thought and how she felt. Unlike me, she is just starting her career as a medical writer and the job at Wyeth was her first.

After a short time at Wyeth, we both concluded that the Publication and External Communication Department lacked sound leadership and was extremely dysfunctional. However, unlike me, she attempted to keep her mouth (but was not always successful). About a month ago, she sent me a message that her mother was recently diagnosed with leukemia and that she had to cut back her hours at Wyeth to help to care for her. Also, she told me that her manager(s) were extremely understanding and supportive and that she “was to take as much time as she needed” to care for her mother who was undergoing chemotherapy treatments. I did not hear from her for several weeks until this morning. In her message to me she said that Wyeth had recently fired her because, according to her supervisor(s), “she was not doing her job”. I wasn’t terribly surprised by the news because I knew that Wyeth would fire her at some point -it was simply a matter of time!. Nevertheless, it was a terrible thing for Wyeth to do given her situation and the assurances that she was given about her continued employment at the company.

Based on Wyeth’s treatment of me (read "Revenge in the Workplace" on this blog) and my colleague, it is evident that something is horribly wrong with the corporate culture that exists at Wyeth. During my five months at the company, I quickly realized that Wyeth was rife with power-hungry and vindictive managers whose primary goal was to advance their careers with little concern for others. Unless Wyeth takes the appropriate steps to correct the way its employees are treated, it will continue to be a hostile and challenging place to work.

Until next time……

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

Rumor Has It.....

The LondonTimes reported today that the Bristol Myers Squibb-Sanofi Aventis merger may be off.  According to an unnamed source close to the negotiations, there is controversy over the $28 per share price that BMS is asking for its stock and there are serious concerns regarding the legal disputes surrounding BMS" top selling anticlotting drug, Plavix, which is co-marketed by the two companies.  Despite this setback, many analysts believe that BMS is still in play and that other bidders may emerge.

Althought this may be good news for BMS employees in the short term, they are not out of the woods yet. 

Stay tuned for more updates.......

 

 

Very Interesting

Stephanie Saul of the NY Times reported today in an article entitled “Doctors and Drug Makers: A Move to End Cozy Ties” that the pharmaceutical industry spends $12 billion a year on marketing to doctors and that much of that money is in the form of free drug samples and lunches that have been calculated to have been around $2.5 billion a year. I wonder how much of these marketing costs are factored into the $800 million to $1.0 billion price tag associated with bringing a new drug to market? Go figure…..

Until next time…..

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

More Job Cuts in New Jersey

Enzon pharmaceuticals, a protein PEGylation company located in Bridgewater, NJ, announced yesterday that it was closing its manufacturing facilities in Plainfield, NJ.  Operations at the Plainfiedl site will be moved to the Company's manufacturing site in Indianapolis, IN. This means that an additional 50 New Jersey-based workers will lose their jobs when the facility is shut down within the next few months.  Although this is small downsizing event, employment opportunities are not looking great for NJ scientists.

Until next time......

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

Revenge in the Workplace

Jena McGregor recently published an article in BusinessWeek/Online entitled “Sweet Revenge: The Power of Retribution, Spite and Loathing in the World of Business” She discusses how powerful the need for revenge is amongst individuals who feel that they were slighted, passed over for promotion or simply overlooked by management. This article brought to mind my own recent experience with revenge in the workplace.

I was working as a contractor for a major pharmaceutical company located in Collegeville, PA. I was assigned to a brand team (within the Publication and External Communications Department) that consisted of me, the Director of the Department and a project manager named “Maria”. The Director was listed on all formal internal communications as the lead writer and Maria was responsible for day to day management of all communications for the brand. I was hired on a 6 month contract to support the writing needs of the brand team. Not surprisingly, the Director never wrote anything (except e-mails), Maria knew next to nothing about the product and I wound up doing all of the

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Medical Writing Training Update

My colleagues on the AMWA listserv have been gracious enough to bring to my attention additional medical writing and biomedical communication training programs.  Natalie R. aka "healthypen" , a freelance medical writer in MA, recently received information from the University of Chicago about their newly created medical writing and editing certificate program . I also heard from the Head Writer Administrator at the Medical Writing Forum who also runs the Medical Writing Blog about other programs at Northeastern University, TuftsCarnegie Mellon and University of Houston-Downtown.   Check them out. I am sure that there are others that I failed to mention.  I would gladly post other medical writing training programs if you want to send them to me.

Until next time.....

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

Merck Jobs Update

The New York Times reported today that revenues are up at Merck but fourth quarter profits plunged 58% as the company took charges for restructuring, acquisition and legal resources related to the withdrawal of Vioxx. Charges for severance packages, site closings and other costs totaled $222 million for the fourth quarter. Merck eliminated 900 jobs in the fourth quarter and has cut 4,800 out of the 7,000 set to be eliminated by the end of 2008. I suspect that Merck, like many other big pharma companies that are on the ropes, will not be aggressively hiring  folks for a while. Simply put, the job market in NJ is looking mighty grim.

The pharma industry is consolidating which means that it is time to start thinking biotech, medical devices and business school.

Until next time.....



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

Bristol-Myers Merger Likely to Cost Jobs

My local paper, the Trenton Times, reported today that the impending merger with the French drug maker Sanofi-Aventis will cost jobs in Mercer County, New Jersey.  BMS, headquartered in Lawrenceville NJ, employs 7,600 people, making it the third largest employer in Mercer County . The loss of jobs is likely after the merger because Sanofi-Aventis has a history of laying off employees after acquisitions and mergers. For example, after Sanofi-Synethelabo bought Aventis in 2004, the merged company laid off 700 workers in its New Jersey offices. Although neither BMS nor Sanofi-Aventis would confirm reports of merger talks, BMS has made several moves in recent months to indicate that it is up for sale.  In September 2006, Bristol-Myers officials confirmed for the first time that they would consider selling the company.  Earlier this month, the company sold three of its offices (located on prime real estate) in West Windsor and Plainsboro New Jersey. Finally, the New York Times reported today that BMS recently announced agreements with several top managers that "would allow them to walk away with significant compensation in the event of demotions, transfers or cuts in pay".

As consolidation continues in the pharmaceutical industy, jobs will be harder to find. It may be time for  those of you considering industrial careers to begin to explore alternate career options.

Until next time.........

Good Luck and Good Job Hunting!!!

BMS For Sale

Rumors are flying that Bristol Myers Squibb  (BMS) may be purchased or merged with European pharmaceutical giant Sanofi-Aventis. BMS and Sanofi have marketing agreements to sell the anti-clotting agent Plavix and the blood pressure treatment Avapro. The news has pushed BMS stock to a nearly three year high. Sources say that the merger could be announced within the next few weeks. BMS is still reeling from the Erbitux debacle of several years ago and the recent launch of a generic version of Plavix which flooded the market until a judge ordered generic manufacturer Apotex to stop distributing its version of Plavix.

This may be good news for BMS shareholders but bad news for BMS employees who will likely be right-sized if the merger is approved and takes place.

Stayed tuned for updates.

Until next time.....

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

Medical Writing and Medical Communications Training

Over the past few days, I received several inquiries regarding training for individuals interested in pursuing careers in medical writing and medical communications. The good news is that both of these fields are exploding and there simply are not enough qualified candidates to fill all of the positions that are open. The bad news is that there is very little formal training or instruction to prepare folks for jobs in these fields.

A few years ago, the University of the Sciences in Philadelphia started a M.S. degree and certificate program in medical writing. Also, James Madison University in Virginia created Continue Reading...

New Job Cuts at Pfizer?

The new CEO at Pfizer is contemplating new job cuts that may affect thousands of employees.  Also, sources close to the situation indicated that Pfizer will overhaul its drug discovery and development program so that the company can more efficiently discover and develop new products. These changes were not unexpected after the former CEO Hank McKinell ran the company into the ground and was rewarded with a severance package of over $200 million. Late last year Pfizer laid off hundreds of its sales representative to consolidate its sales force and cut costs. For you business minded folks out there, Pfizer is a case study in a company that expanded too quickly without a strategic vison or plan.  As I have noted previously, "bigger is not always better" in some situations.

Until next time....

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

Bioscience Companies: The Good, The Bad and The Ugly

Douglas Eisenhardt over at the Bostonworks.com 's JobBlog alerted me today that Fortune magazine published its annual 100 Best Companies To Work For List. A quick perusal of the list revealed that only 8 bioscience, pharmaceutical and healthcare-related companies made the list in 2007.

Three biotechnology companies that broke the top 100 included: Genentech (2), based in South Francisco, CA; Amgen (40), the largest biotechnology company in the world located in Thousand Oaks, CA; and Boston-based Genzyme (43). Pharmaceutical notables include Alcon (65) in the Lone Star State and Delaware-based Astra Zeneca (71).

Two healthcare consulting firms, Boston Consulting Group (8) and Booz Allen Hamilton (63), also made the cut. Finally, a single medical device company, Minnesota-based Medtronics, was also included. It is not a surprise that Genentech was ranked so high. Word on the street indicates that Genentech, the second largest biotechnology company in the world, still retains a very academic feel to it and treats its employees really well. Amgen, on the other hand, has lost its collegial atmosphere and, according to industry buzz, is run more like a pharmaceutical company than a biotechnology company. That said, Amgen did make the 100 Best List, so they are doing something right after all. Genzyme is one of the older biotechnology companies around and has a great reputation in the Boston area for treating its employees well.




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R&D Jobs?

I was visiting a friend of mine over the holidays who works for Merck and she told me that 2006 was a busy year for the company.   She went on to tell me that she hired three new Ph.D. scientists into her group in the hypertension/cardiovascular therapeutic area.   I was very surprised to hear this and asked if the trend will continue in 2007.  Of course, she cannot predict the future, but she indicated that 2007 may be a better year than 2006.  I guess if  Merck continues to win its Vioxx lawsuits, hiring will continue at the company.   Other companies like Novartis are also expanding and are on a hiring spree.

The same is not true at Pfizer which is rapidly downsizing and laying off employees due to unrestrained and poorly managed growth in the late 1990s and early 2000s.  It still amazes me that the former CEO of Pfizer received a compensation package of approximately $200 million after driving the company's stock price into the basement.  Bristol Myers Squibb is also in a precarious situation due to the poor leadership of its ex-CEO (who was fired about 3 monthws ago).  Conventional wisdom suggests that BMS is looking for a suitor to buy the company.

So, after all is said and done, there may just be R&D jobs at pharmaceutical and biotechnology companies in 2007.   That said, keep on slogging.....

Until next time..........

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

Bioscience Job Outlook for 2007

I feel that I would be shirking my responsibilities as a blogger and so-called "job pundit" if I did not offer my readers a prediction or job forecast for the New Year.

2006 was a good year for the bioscience industry. In particular, the biotechnology sector experienced better than average growth. This was likely due to shrinking pharmaceutical pipelines and the bad press  that many pharma companies received in 2006 regarding the safety and efficacy of their  products. That said, the job market looks particularly bright for the bioscience industry in 2007.

As I mentioned in previous posts, their is a burgeoning need for individuals who are interested in the medical communications (medcom) field.  Also, there is still a dire need for employees in bio-manufacturing and clinical development.  

A new emerging field within the bioscience sector is project management. Project management is an established discipline  within many highly visible industries, e.g. telecom, energy, automotive etc., and is now, just gaining traction in the bioscience industry (most notably in the pharmaceutical sector).

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What Does "Teamwork" Really Mean?

In recent years, a lot has been said about the growing importance of  "teamwork" in pharmaceutical and biotechnology corporate environments. The  mere mention of the word "teamwork" conjures up images of baseball or football players (soccer for my international readers) struggling together with the common goal of winning a  game or match. The reason why these "team members" function so well together is because they have trained together, understand one another's roles and responsibilities and have a clear and shared vision of what it means to "win"  However, in contrast,  pharmaceutical and biotechnology corporate  teams are frequently populated  with: individuals who have never worked or trained together, do not understand individual team member roles and responsibilities nor understand how to play the game to "win". 

I think it is unreasonable for corporate management to expect their employees to function in teams because a majority of these employees never received any formal training in "team work". Until very recently, instruction at the primary and secondary school levels was focused almost exclusively on individual students rather than on groups of students organized into classroom teams.

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Medical Communications: What Is It and Why All the Buzz?

Those of you who have heard me during my career advice seminars and workshops, have probably heard me mention medical communications or  medical writing as potential career paths.  I am certain that many of you do not know what medical communications or medical writing is.  The reason for my certainty is that I did not know anything about medcom (as we in the biz refer to it) or medical writing until about two years ago.

As you all know, pharmaceutical and biotechnology companies spend enormous amounts of money on developing new drugs and therapies.  However, drug discovery and development are a small part of the lifecycle of any newly developed product.  The next step in a product's life cycle is to market and sell enough of it to make a profit.  In order  for that to occur, companies must convince .physicians, health care providers, insurers and patients about the efficacy and safety of their product.  

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Hot Jobs in the Bioscience Industry

The biotechnology and medical devices industries are poised for expansive growth over the next decade. Unlike previous biotechnology booms, in which R & D jobs were plentiful, there are ongoing shortages of qualified job candidates in the areas of clinical development, biomanufacturing, medical devices and medical communications.

There need for clinical development personnel dates back to the late 1990s. Typically, qualifications for these jobs include some medical training, e.g. nursing, medical, etc., and a willingness to work long hours and travel frequently. Although clinical training programs have emerged over the past five years, demand for clinical employees still outstrips supply and jobs are plentiful in this area.

The biomanufacturing industry has exploded in the past five years. This is largely due to the growing numbers of biotechnology products that are gaining regulatory approval and the advent of disposable manufacturing technologies. Like the clinical development field, there are a small number of biomanufacturing training programs in the U.S. Again, qualified candidates are scare and the numbers of jobs in this area are large.

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Selling Yourself-Not That There is Anything Wrong With It!

Don't you just hate those shameless self promoters always talking about how impressive their data is and how great they are? It just isn't right to be a self promoter....there is no room for that in science! Unfortunately, self promotion is exactly how people get those great jobs! As scientists, we are trained to be humble, not to be expressive and that "our data will do the talking for us"! The bottom line is that what you have had drummed into your head during your graduate work and postdoctoral studies is just wrong! Unless you tell people what you can do and who you are, the likelihood of you securing a job is remote. That said, the next time you are at a meeting and you want to talk with someone who may be a potential source of a job for you, strike up a conversation, let them know who you are, what you can do and how great you. It may lead to a job. Just remember if you do not seize the opportunity, one of those shameless self promoters will get YOUR JOB. Good Luck and Good Job Hunting!!!!!!!!!! Good luck and Good Job Hunting!!!!!!!!!!

Join the BioCareer Development Group Today!!!

The Biocareer Development Group on LinkedIn is looking for a few good members to join our network. Please follow the link below if you are interested in joining. The larger the network, the greater the power and reach we will have. https://www.linkedin.com/e/gis/1928/2A00FF6DB204/ Good Luck and Good Job Hunting!! --------

Back to the Blog

I apologize for the long silence from me....but I have been a busy guy. I recently started a new job as a contract medical writer for a pharma company. Good pay and I get to work from home 3-4 days a week. What could be better than that for a blogger? Also, I just recently celebrated my 29th birthday ( I can't remember how many times I have celebrated my 29th but I think you get the drift). I am still trying to get the Biocareer Development Group off the ground. So, if you have an interest in joining, please e-mail me at cmintz@bioinsights.com. We currently have a few folks from various parts of the world who have taken the bold step and joined!!!! Do I really have to post to My Space to get this thing off the ground? I hope not... I promise that the next post will have something to do with biocareers. Until then.... Good Luck and Good Job Hunting --------

BioInsights Announces the Launch of a BioCareer Development Group

My fledgling biotechnology training and placement company, BioInsights, Inc., recently created a LinkedIn Group called The BioCareer Development Group or BCDG. The group is intended to be a biocareer networking tool consisting of job seekers, bioscience employers, recruiters and an assortment of career development professionals. If you are interested in joining the network, please send me your name and e-mail address to cmintz@bioinsights.com. Membership in the group is by invitation only and I, as Group Administrator, must approve your participation in the group. I look forward to hearing from some of you to get the biocareer network off the ground. Good Luck and Good Job Hunting!!!!!!!!!!! --------

So Many Ph.Ds; So Few Jobs!

I just returned from the 2006 FASEB meeting that was held in San Francisco on April 1-April 5, 2006. I gave several talks on career development opportunities for graduate students and postdoctoral fellows in the life sciences industry. I also spent a fair amount of time helping people construct and refine their resumes.

The meeting was great and I met a lot of enthusiastsic and dedicated scientists. I also meet a dedicated bunch of professionals who are committed to helping students. Here is what I learned:

  1. The is an obvious lack of career development training opportunites for graduate students and postdoctoral fellow at many academic institutions
  2. A majority of the graduate students and postdoctoral fellows that I encountered do not know how to conduct a thorough job search or even craft a resume
  3. There is little or no understanding of the types of jobs or alternate career paths available to junior scientists
  4. Most students have absolutely no understanding of the scientific concepts and regulations that guide industrial drug discovery and development
  5. Academicians have little or no understanding of the poor job prospects for their students

I was not really surprised at what I learned since I had been writing about many of these topics for the past five years. At this point, there really is not much that can be done to quickly fix the problems that I identified. That said, I have several recommendations, if implemented, can help to deal with many of the issues that I raised.

  1. Organizations like FASEB, who provide career development training and services to their members, ought to be commended for their efforts. That said, other professional societies (if they don't already offer these services) should take FASEB's lead!
  2. Graduate students and postdoctoral students should take advantage of biotechnology organizations and local biobusiness meetings to network with industry professionals to learn more about job opportunities
  3. Students in the life sciences ought to begin to consider alternative career paths including patent law, pharmaceutical business, medical writing, medical marketing or other jobs that will make use of their scientific training and give them a better shot at employment. Many business schools, continuing education departments, community colleges and private companies offer training in these areas.
  4. Academic institutions and professional societies should offer formal courses in industrial drug development, regulatory affairs, pharmaceutical and biopharmaceutical manufacturing, and quality assurance and control
  5. Academicians must wake up and understand that the "tenure track" route is not a viable one for most of their graduate students and postdocs. To that end, they have moral and ethical obligations to help students who are not academically-inclined to find alternate career paths that permit them to use their scientific skills.

I do not think that things will change much until academicians and their institutions assume more responsibility for the careers of the students and postdoctoral fellows that they train. After all, "IT CAN"T ALWAYS BE ABOUT YOU GUYS"....Remember, it is the blood, sweat and tears of graduate students and postdocs who are primarily reponsible for your so-called sucessful academic career!!!!!!!!

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Biomanufacturing:Where the Jobs Are!

Industry analysts estimate that job growth in biomanufacturing has averaged about 10 percent per year since 1990. This annual growth rate is expected to continue over the next decade. A quick perusal of the job opportunities at many biotechnology companies, contract manufacturing organizations and staffing/recruiting websites reveals that biomanufacturing jobs are plentiful. The degree requirements for these jobs range from a high school diploma through a Ph.D degree, with the majority of positions being filled by individuals with either associate or bachelor degrees. A recent report issued by Boston-based Education Development Center, Inc. indicated that the majority of new biomanufacturing jobs will be for technical personnel in the following areas:
  1. QC chemistry
  2. QC microbiology
  3. environmental health and safety
  4. facilities maintenance
  5. instrumentation/calibration
  6. manufacturing (upstream)
  7. manufacturing (downstream)
  8. process development
  9. QA documentation
  10. validation
  11. aseptic processing (fill/finish)
Good Hunting!!!!!!!! --------

Regulatory Compliance Training

I taught a class this weekend at Georgetown University Medical School called Regulatory Compliance In Biopharmaceutical Drug Development and Biomanufacturing. I had about 30 students in the class who sacrificed their weekend to listent to me! The students who signed up for the class are all working on a Master of Biotechnology degree. The Georgetown Biotechnology program was started in the mid 1990s by Jack Chirikjian and boasts an annual enrollment of about 60 students. Many of these students find biotechnology jobs upon completion of the program. If you are contemplating a career in the pharmaceutical or biopharmaceutical industries, I highly recommend that you take a course similar to this one. One of the main things that current employers are looking for in job candidates is an understanding of the government regulations that guide drug development in the private sector. If you do not know what I am talking about, you better take a regulatory affairs course before you send out that first resume. Mentioning a few buzz words like GLP, GMP, IND, or NDA (and actually being able to discuss them) will certainly impress any hiring manager that I know. Remember, knowledge is power (as somebody famous once said)!

Medical Writing: Not a Bad Option!

As part of my quest to do as many things that I can during the course of my professional career, I recently took a contract position as a medical writer. After three days on the job, I think that I may finally be on to something big. I mean, what other job will pay you between $50-$150 per hour to sit in front of a computer all day and write things? It can be a dream job for anyone who has spent any time in academia. If you figure it takes about 200 hours (about a month) to put together a grant application; @ $50 per hour, the minimum amount of money that you could expect to receive from grant writing would be about $10,000 per grant! When you can factor in all of the hours spent on manuscript preparation (especially during that push for tenure), then there is some serious money to be made. I think, that, by now, you are getting my point. But, I can honestly say that the best thing about medical writing is that there is almost no emotional relationship between the writer and what is being written. That is because, as a medical writer, you are typically writing a manuscript or publication for a physician(s) who does not want to or have the time to write ithemselves. In this regard, you are nothing more than a hired gun or more aptly, a ghost writer. I guess after it is all said and done, many physicians REALLY DO have it easier than most Ph.D.s. But, having someone else write your papers? Surely, not we Ph.Ds!!!!!! --------

Why Is GLP Training in Such High Demand?

Several years ago Good Manufacturing Practices (GMPs) were all the rage. Now, it seems that Good Laboratory Practices (GLP) have replaced GMPs. For those of you who do not know what GLP is, it refers to the regulatory guidelines that must be followed while conducting toxicology experiements on preclinical drug candidates. If preclinical toxicology experiments are not performed in a GLP-compliant fashion, regulatory agencies like FDA and EMEA will not review drug applications , e.g. INDs, for drug candidates. GLP guidelines, like GMP regulations , represent the minimum regulatory requirements that must be met in order for regulatory agencies to ensure that a particular drug is safe and efficacious. Company employees or executives who do not have a firm grasp of GLP rules and regulations should seek out GLP training ASAP. One company that offers GLP training is BioInsights, Inc. (www.bioinsights.com). Better to be SAFE than sorry! --------

Johnson and Johnson Is At It Again!

As reported in the New York Times today, Johnson and Johnson will lay off 150 employees at its California-based Scios unit. The layoff is likely due to the declining sales performance of Scios' Natrecor, which was approved in 2001 by FDA for the treatment of acute decompensated heart failure. Also, Scios is under investigation by the U.S. Justice Department for improperly marketing Natercor for off label use. The company currently employes approximately 900 workers (soon to be 750). --------

Ortho Biotech Lays Off 300 Employees

About two weeks ago, Ortho Biotech, a subsidiary of Johnson and Johnson, laid off about 300 R & D employees at its Raritan NJ facility. Rumor has it that they will be paid until April 15, 2006 although they will not be working at the facility. In the famous words of Horace Greeley, "Head West ...." --------

Is Getting a Ph.D. Degree Worth It?

So...you have been a postdoc for five years and it is time to get a job. Trouble is...you cannot find one. You begin to wonder whether getting that Ph.D. degree was really worth all the trouble. Maybe, business or law school would have been a better idea?

The point that I am trying to make is that Ph.D. is not a ticket nor a guarantee for employment. As far as I can recall (it has been many years) nobody during the course of my graduate education ever said that my Ph.D. degree would insure that I would be able to gain meaningful employment. In fact, I will never forget what my major professor or "boss" said to me one day during one of his more enlightened moments (usually he would want me to put on a pair of boxing gloves and step into the ring with him)...."Getting a Ph.D. is like getting a union card. Just because you are in the union, and have paid your dues, does not mean that you are entitled to anything. It is up to you make something of yourself not the union."

Over the course of a long career, the only thing that I have found that Ph.D. training prepares you for is problem solving. Nothing more, nothing less. If all you wanted at the end of your training was a job, perhaps you should have gone to medical or law school!