Sector News

Shire disputes employee dissatisfaction report

August 30, 2017
Life sciences

Shire may have been plenty happy to finally land longtime buyout target Baxalta last year. But since then, its staffers haven’t been quite so pleased.

Parsing 20,000 employee reviews from career website Glassdoor reveals a big slide in employee satisfaction at the company this year, according to a UBS research note seen by Reuters. The Dublin drugmaker now ranks 24th of 26 biopharma companies in the “overall satisfaction” department.

That’s down from 2015 and 2016, when both companies separately ranked just below the middle mark on most staffer satisfaction measures, the news service notes.

“Neither markets nor employees seem as confident as management that things are on track,” UBS said as it cut its 12-month price target to £40.95 per share from £45.

Speaking of management, its ranks have thinned recently with the departures of R&D chief Phil Vickers and CFO Jeff Poulton, the latter of whom announced his exit last week. And while Poulton insisted in an interview with Barron’s that the move was about wanting a change and nothing more—there’s “no smoking gun here,” he said—Jefferies analyst David Steinberg predicted the move would “exacerbate already negative investor sentiment.”

Shire, meanwhile, has done its own surveying of employee happiness levels, and as human resources chief Joanne Cordeiro told Reuters, “our internal engagement marks for Shire are high” despite the Baxalta transition.

“We are focused on working to ensure we continue to build the best organization for our employees, patients and shareholders,” she said.

By Carly Helfand

Source: Fierce Pharma

comments closed

Related News

June 8, 2024

Lilly CFO leaves to join Alphabet

Life sciences

Anat Ashkenazi will leave Eli Lilly’s executive suite at the end of July to become CFO and senior vice president of Google and Alphabet. Ashkenazi has been CFO at Lilly since 2021 and originally joined the company in 2001. Over her 23-year career at the Indianapolis-based drugmaker, Ashkenazi also served as controller, CFO of Lilly Research Laboratories and as the finance chief for several global divisions within the company.

June 8, 2024

Edwards Lifesciences to cell Critical Care to BD

Life sciences

Edwards Lifesciences (NYSE: EW) announced it has entered into a definitive agreement to sell its Critical Care product group to BD (Becton, Dickinson and Company), in an all-cash transaction valued at $4.2 billion. With this agreement, Edwards is no longer pursuing the previously announced spin-off of Critical Care.

June 8, 2024

Danaher names Martin Stumpe as chief data and AI officer

Life sciences

The company, which owns diagnostics and life sciences businesses including Beckman Coulter and Cepheid, said the appointment reflects its increasing investment in AI as “a driving force for innovation and productivity.” Danaher is focused on AI by also spending on its internal capabilities and partnering with academic groups.

How can we help you?

We're easy to reach