New CEO to announce outcome of new restructuring plan in Jan Feb, what's he going to say?
Typical comments from those too frightened or incapable of finding a job away from AZ. Who can we blame this week? It used to be the 'wise old sages' who were too stuck in their ways and now it's the turn of the 'bright young things' to reap the wrath. Maybe take a look in the mirror to see where some of the real problems lie.
'even the simplest studies have an over-enthusiastic junior manager dipping his wick in and over-complicating it just to make his voice heard'
Amen. A massive problem throughout AZ.
Research probably will continue in Mölndal but I can't for the life of me see why. Incompetence, beaurocracy and navel-gazing have infected every level of research, even the simplest studies have an over-enthusiastic junior manager dipping his wick in and over-complicating it just to make his voice heard. The idiot culture is alive and well, sadly, and the coming shake-up will not change anything, it will just make management shout louder and make research even more difficult.
Tents are not used in Sweden...
CVGI is up shit creek, but R&I will survive this round of cuts. Research will continue in Mölndal, but CVGI will probably go "virtual" - or a stronger alliance will be formed with BMS with CVGI discovery moving to BMS.
Nah - when Charnwood shut and R&I went to Molndal everyone knew Sodertalje was next in line and Molndal was safe.
Except for a few enlightened souls who expect to GI to go along with R&I which has now lost its symbicort prop.
Are the tents up then? Thought announcement wasn't until 21st March. Or are we into the AZ cycle of there being an announcement about when the next announcement will be?
cuts and closures equate to cost savings and so generally lead to a rising share price.
11% fall is too big just for investor worries about the pipeline and patent cliff, they've known that for ages. No, the 11% fall happens to coincide with the BoD meeting last week, ready to announce the end of CVGI and closure of research in Mölndal. We the people will hear about it next week.
"Another explanation for the fall in share price is the hopeless situation with regards to patent cliff and empty pipeline.........."
This will actually already be priced in since every analyst is well aware of AZ's patent cliff situation. AZ currently trades at pretty much the lowest P/E ratio (price to earnings ratio) of all the big pharma due to the expectation of falling earnings.
Touchy aren't we.
Of course I've used Google - you tosser !
Thanks, I know the dividend is the share holders share of the profits, but I was unsure how payment of dividend would cause such a dramatic fall in share price. Thanks for the explanation. Another explanation for the fall in share price is the hopeless situation with regards to patent cliff and empty pipeline..........
The 11% drop means that the investors don't foresee as high dividends as previously. Now, how on earth can that be? Patent cliff and empty pipeline maybe?
Ever used Google?
Thy this: http://www.investopedia.com/terms/e/ex-dividend.asp#axzz2KyNnNKCk
the 'ex-dividend' date is the date on which, if you own the shares, you get allocated the dividend. The dividend is the share-holders share of the companies profits. Once the dividend is paid the shares are then worth less by an amount equivalent to the amount of the dividend e.g. if the shares are £10 each and a dividend of £1 is being paid, the shares will drop to a value of £9 once the dividend is paid (on the 'ex-dividend date) since you now have £1 in cash plus your (now) £9 share
to those of us who are not financially savvy, what does 'ex-dividend' mean ?
they went ex-dividend
Why did the AZ shares dive so suddenly yesterday?? They have been stable for a number of months, and all of a sudden they went down 11% despite the stock market in general going up. Something fishy seems to be going on...
CB sent in to stop bullying - now there's a strange one.
He didn't even partially meet that objective.
In Lund it there are some activities at the former AZ site
Drove past Loughborough site recently. Car park snow stacked high with bales of plastic. Place looks really run down, weeds growing everywhere, paint peeling. What a waste.
It did good work but it was never integrated in to AZ it was always the outcast and lacked influence at a senior level
Loughborough was closed for the simple reason that money had to be saved. This site was the easy hit for Brennan as Alderley could not be closed in UK. Nothing to do with management culture
Claude Bertrand, Johan Lund and all those that followed were sent into charnwood to turn around the toxic culture and bullying that existed.
Unfortunetly it was so ingrained into the management that it couldnt be wiped out, they gave up and closed the site, for all those that wondered why that site over all the rest (and valid reasons for alternatives) - thats the truth of the matter.
I would never go as far as to say i respect any of them, but some are/were good (mainly those people saw the light and left)
Though he was infinately better than the spaniel but its impossible to be worse
In what capacity do you think Lund was good? Complete wet fish while at Charnwood.
Johan Lund was good
Agree on Lars-Erik Arvidsson; very supportive, really nice guy and got things done.
John Dixon - a dictator and a bit of a bully. Different ideas were not embraced, they were beaten down. Remember many occasions where he would ask questions of people giving a talk that he knew they couldn't answer just to humiliate them.
Agree Colin, Lars-Erik made a lot of sense.
John both saved and lost the Charnwood site.
Two faced Steele left a lot to be desired.
you can't be serious
...respected manager, that is.
Are there or were there AZ managers you admire/respect and ones you don't?
Colin Reddrop was excellent IMO
I think the case is made
Oh ho, not just AZ. GSK, PFE, J&J, BMS, all of 'em. None of these pricks want to take responsibility, they make crap decisions and hire idiots who talk the talk. It's never their fault, as they think they've hired the right people for the job. Instead they've hired the people that will happily crawl inside their rectal cavities and give it a good clean out. They don't care about good science, they just care about their colonic cleansing.
""but isn't it the role of managers to create the environment for passionate, committed team-work? If there's a them and us culture, bickering and in-fighting etc then by definition that is the fault of management. To use the AZ terminology, managers create the 'climate"
and here, ladies and gentlemen, we have the embodiment of an AZ manager - will take the title, the status and the benefits but won't take responsibility for anything
"but isn't it the role of managers to create the environment for passionate, committed team-work? If there's a them and us culture, bickering and in-fighting etc then by definition that is the fault of management. To use the AZ terminology, managers create the 'climate"
'climate' more like an ice age
"As for the rest it's just mangers vs. 'real scientists' . You're equally as bad as each other. I've been both I know fortunately I'm out of it thank goodness."
but isn't it the role of managers to create the environment for passionate, committed team-work? If there's a them and us culture, bickering and in-fighting etc then by definition that is the fault of management. To use the AZ terminology, managers create the 'climate'.
"You're forgetting that 20 years ago medicinal chemistry was seriously bloody good. "
Tosh. 20 years ago it was still the lottery it is today. The only difference was you weren't worried whether it caused, for example, foetal abnormalities. 20 years on med. chemists are still playing the lottery but they are able to buy more tickets. Trouble is there aren't so many winning numbers.
I agree with the post that says there will be a new approach. This will not have anything to do with small molecules.
As for the rest it's just mangers vs. 'real scientists' . You're equally as bad as each other. I've been both I know fortunately I'm out of it thank goodness.
Get rid of Smith
Good old them and us, some will remember the effect it had on British Layland.
Ah, management. The sad thing is that many of today's managers used to be lab scientists. How did they come to believe that they would ever be decent managers? Who decided that these people should be asked to manage teams and departments?
I sympathise to some extent, having gone through AZ performance reviews. They simply didn't reward what was important but I am making the point that the bickering is all part of the problem. All pharma are in a mess and until something big changes it will just get worse. AZ annual restructuring won't make any difference, apart from to the people. It will take a whole new scientific break through. All the current stale targets, personalized medicine, outsourcing etc is going nowhere. Whatever it is that's the break though mono bots or stem cells or whatever. Somewhere someone will work as a passionate team and do real creative science unfortunately there are fewer and fewer people capable of doing it.
"Your just blaming everyone else. That's also partly what's wrong"
that's an easy statement to make, and a hard one to argue against, but given the circumstances set by management what can the average lab scientist do to change things? There's no choice but to go along with all the BS initiatives, and to play the games to survive the performance review process.
Your just blaming everyone else. That's also partly what's wrong
"If chemists actually went back and did some proper medicinal chemistry they might actually come up with something decent. And if biologists actually went and did some proper work instead of sitting in meetings they might be able to run some of the killer experiments that they used to."
And if management stopped interfering with stupid ideas like smart targets, partially met, impact, ideation, fitted bell curves for bonuses, meetings to discuss meetings, making lists of every conversation in case you had an idea, talent pool, parallel syntheses, virtual chemistry etc etc etc the chemists and biologists might actually go back to doing proper research. It is management that has ruined this company by destroying innovative research and replacing it with metrics and blame culture. As long as they could blame others and retain their career nothing mattered to them. They'll be doing the same to whichever unfortuneate company has reemployed them.
"DMPK making a serious input"
That's the problem. They don't make a serious input. They interfere with biological assays and physiology experiments, adding extra, superfluous groups to what is already a perfectly good study. Once upon a time DMPK people ran their own experiments, now they piggyback onto other people's work and waste time in sodding meetings. In every DMPK department there is an inverted pyramid of resource: one junior scientist who runs the mass spec and dozens of boneheads all jostling to be invited to as many meetings as possible. If I had the authority I would declare them all to be illegal gatherings of redundant atoms and have them dispersed over a very large area with the aid of a crop sprayer. Useless bozos, go and do some proper work instead of buggering up my study.
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