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Vertex Pharmaceuticals Incorporated Message Board

  • gladpick gladpick Oct 29, 2013 10:21 AM Flag


    we all knew that sales of Incivek were plunging -- no surprise there. It is good that the management decided to cut the losses early rather than later on in the future.

    As far far as I am concerned, ONWARD WE GO.

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    • glad to see the market shares your enthusiasm - loss of 4billion in market cap in a week. Way to go Leiden!!

      Sentiment: Hold

    • The sooner they set expectations for Incivek to zero, the better. It would have been nice to throw in some positive pipeline data though.

      • 1 Reply to crossroads4040
      • johnf50 Oct 29, 2013 5:57 PM Flag

        Normal business management:
        1. Identify target market for product
        2. Determine market life cycle for product
        3. If return is good, market product for positive net return

        Vertex Management Approach

        1. Identify target market
        2. Ignore market life cycle
        3. Don't worry (and hope the market is not paying attention) that we spent more on R&D and Sales than we brought in on Incivek - let's give ourselves another round of options and lay off 400 people.
        4. Oh... and all those "results" you were expecting second half of 2013... yeah let's push the whole schedule out to next year because... well, we are going to be on vacation enjoying our payday.

        These guys are about as good as government workers..

        Sentiment: Hold

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