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November 11, 2009
Go Spread It On the Rosebushes
Posted by Derek
Or perhaps one should wait until spring - it's the wrong season for high-nitrogen mixtures to be applied:
Speaking at the Reuters Health Summit on Wednesday, Kindler said Pfizer has melded and reshaped its research and development facilities within 20 days of buying Wyeth on October 15. With previous huge mergers, he said, that process had taken "literally years."
. . .Swift reorganization of the two companies' research operations stands in contrast to "the distractions, the disruptions and the delays that have plagued mergers of our company and others in the past," Kindler said.
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College chemistry, 1983
The 2002 Model
After 10 years of blogging. . .
1. Anonymous on November 11, 2009 3:44 PM writes...
Mutual stroking on part of mgmt and board. Shareholders will buy it. And the beat goes on...
Permalink to Comment2. Hap on November 11, 2009 4:04 PM writes...
If management knew what functions were not needed and were able to excise them so quickly, then why exactly didn't they do so before they merged? Or were Schering-Plough and Pfizer run by the Wonder Twins and they just didn't tell us?
Permalink to Comment3. DrSnowboard on November 11, 2009 6:24 PM writes...
The man is deluded. Sounds like he and his chums threw darts at a google map.
Permalink to Comment4. Lucifer on November 11, 2009 6:35 PM writes...
I can see that management is doing my work for me..
Permalink to Comment5. Lucifer on November 11, 2009 6:38 PM writes...
Derek,
Pfizer is getting to you? Have not seen so much anger from you since..
Permalink to Comment6. startup on November 11, 2009 7:58 PM writes...
Well, to me it rings true. If you've already been burnt a few times buying a pipeline, and now acquiring a company looking only at a bird in hand, with no interest in it's potential, then yes, you can reshape the research in 20 days. After all, it doesn't take more than 20 seconds to fire everybody, right?
Permalink to Comment7. Ben V on November 11, 2009 8:30 PM writes...
Off topic, but it would be great if you could do a post on your opinion on the staple peptide helix drugs that were in nature today (nov 12th) and seem to be making waves.
Permalink to Comment8. ex-Pfizerite on November 11, 2009 8:41 PM writes...
Why would you need to have people explain their projects to you? All the information is in the reports and lab notebooks right?
Permalink to Comment9. Anonymous on November 11, 2009 10:13 PM writes...
"Melded and reshaped."
Do those words really apply when so many groups (such as med chem) will look almost exactly the same as they did in pre-acquisition Pfizer? But when Big Brother says 1+1=1, who are we to argue?
Permalink to Comment10. Aspirin on November 11, 2009 10:31 PM writes...
Actually Big Brother says 1+1=Whatever Makes Me Make A Ton Of Money, Save My Skin And Get The Hell Out Of Here As Fast As I Can
Permalink to Comment11. milkshake on November 12, 2009 6:48 AM writes...
After him the deluge
Permalink to Comment12. HelicalZz on November 12, 2009 9:14 AM writes...
Sure, instead lets straddle the fence of 'they couldn't have possible fairly judged all these projects in such a short time' and 'why can't we get resolution on what our status is, moral is terrible'.
This way we can criticize management for anything and everything they do.
Yes it bites, but good that decisions, good or bad, got made.
Zz
Permalink to Comment13. DrSnowboard on November 12, 2009 9:51 AM writes...
"but good that decisions, good or bad, got made."
I think I might shoot you in the head. A bad decision maybe, but at least I made a decision...
Permalink to Comment14. Hap on November 12, 2009 10:16 AM writes...
Sounds like the 8 years of W's presidency. That worked out well, right?
If you can't be bothered to review what happened to other people doing what you've done (heck, what, your own frickin' company has done in the recent past and the overly obvious consequences), then perhaps you shouldn't be making any decisions other than asking "would you like fries with that, sir?".
I think the complaint is that either the Pfizer CEO is almost certainly being dishonest in his statements or his company is committing hari-kiri on a scale rarely seen outside of the governments of large countries. If you think that's good, then perhaps you prefer the "creative destruction" theory of wealth creation. I think they've got the "destruction" part down pat.
Permalink to Comment15. Jose on November 12, 2009 11:11 AM writes...
"We had to incinerate this village in order to save it."
Permalink to Comment16. ex-Pfizerite on November 13, 2009 9:47 PM writes...
I have always thought that a productive research site was like a tropical rain forest once the site was gutted it would take a long time and a lot of effort to rebuild. That said, after 2005 who believed that Pfizer had any productive research sites
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