No, I don't think so. Consider Allergan, the main person involved with their take over was the CEO. So I think you hire a top rated CEO to get to Drug approval AND he will have to be at the top of his game to help negotiate and major deals that come down the line. So we will need that very experienced CEO to be involved in BOTH drug approval & any M&A.
There is a lot riding on the new CEO. Consider the BOD must take great care to bring in a Highly experienced person to take this company smoothly, effeciently and in a timely manner all the way to DRUG APPROVAL not just to the NDA. Mr Davis is CFO and if lucky will not be fired. I highly doubt Mr Davis has the experience to move up into the CEO slot.
The Lie, the Excuse and the Truth
Dancing down like butterflies
Fall leaves depart the weary trees
Forgiving the mud and tender cries
Showers from above
They fancy up then beset
The colored dying leaves
Surround God's gift to man
Forgiveness unto thee
But soon the Blue Bells are proud and true
Good patience till the spring
Has left another victim
As the drunkard time sings
Why wait...I mean I'll just IGNORE you now since your selling any way right( wink).
Did you ever take a drug all the way to NDA before? Considering all your vast experience in Biotech...at what point did you realize you needed to include manufacturing QA to the Pima NDA? Considering this grievous error of the Leadership Team why do you feel you should not be fired?
Yes agree, but when they cancelled I had no clue it was going to led to such a dramatic fall. I mean we could have sold at the top but it would be like turning your back on the greatest drug in development for 2015. I don't use sell stops, and took a hit on paper like everyone else. But I have not lost my resolve ... NUPLAZID will happen and be approved. Then we will never look back.
Lucky for Davis he just got the job last year, he can still plead ignorance and Mills won't get the ax because his job is too important and most likely he would not be in charge of manufacturing & QA issues anyway.
Here my new policy...ever time I get a thumbs down, I repost it. And if you don't like it...you have a choice, don't read it or just put me on Iggy. So keep those thumbs down coming so I can re post and keep the thread going. Have a great weekend.