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Genta Incorporated Message Board

  • biotechgenius2000 biotechgenius2000 May 14, 2004 12:11 PM Flag

    this is a must read

    if you thread through my post you'll see i supported genta up through its dying days. i held through the fda review and sold on committee day. i sold b/c they failed us as shareholders not disclosing the sideeffect profile. my posts were based on the sideeefect they told us,i felt confident, that was shot down when you really get into the nitty gritty of the study. unfortunately that wasnt disclosed for john q. public.

    THE MUST READ..... almost choked on my coffee when i read in the new jersey-based star ledger that "genta executives held one-on-one meetings yesterday with 85 employees whose jobs were eliminated. Nearly half of those, roughly 35 people formed the ENTIRE sales force, genta spokeswomen Joy Schmitt said." the title of this article read GENTA JOB CUTS INCLUDE ENTIRE SALES FORCE. Wow, Warrell is a piece of sh&*t and he better lose his job. the article says that they will immediately stop marketing its first drug, which was intended to help establish its sales force. Holy-sh#$@, being form NJ I take pride in our pharmaceutical companies, today made me sick and if that scumbag is allowed to stay as CEO than there will be no hope for GENTA, FDA will see to that.

    whats worse you may ask, people are still buying, i watch genta, and alth daily neither had a shot in June, but pulling there drug. eliminated their sales force. well, i guess i'll wait two years and get nothing for the pain and suffering of genta. by the way, i think warrel should be getting the paycut, not 85 employees!!!!!!!!!!!!!!!!!!!!!!!!

    sincerely,

    fuming in jersey

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • The sin committed by Warrell is that he launched into a hiring spree before there was cause to hire. I give him negative points for that. This is not like some upstart software company scrambling to get product to market before the competition. So, that and a few other less significant errors in judgement call into question Dr. Warrell's competence. For now I will give him the benefit of the doubt regarding the wild-eyed conjecture about conspiracies you read here. After all, it is common knowledge that medical practitioners make lousy businessmen.

    • here is something worse, I know someone in the sales force that bought shares last friday, in order to do so they had to file forms with company, and the cfo told her "it is a good investment, go ahead" so knowing they were going to fire her, they told her to buy more stock, crooks all of them

 

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