Valeant

  www.valeant.com
  www.valeant.com

Valeant Reviews

Updated September 20, 2014
Updated September 20, 2014
46 Reviews
2.4
46 Reviews
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Valeant Chairman and CEO Mike Pearson
Mike Pearson
32 Ratings

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  1.  

    not as friendly as Bausch + Lomb. More bottom line oriented. Less customer-centric.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Ocular Sales Representative in Indianapolis, IN
    Current Employee - Senior Ocular Sales Representative in Indianapolis, IN

    I have been working at Valeant full-time (more than 3 years)

    Pros

    If you need a job, it's ok. Not many meetings to attend. Just go and sell. Territories are large.

    Cons

    3% 401 K match. Health benefits are ok. Large territories. Low on resources. Time off is less than industry norm. Managers receive little if any training. Overall, it's a step above being a contract rep but not much better than that. Stock options don't vest until 4th year with company, nor does the 401 k plan match of only 3%.

    Advice to ManagementAdvice

    More training is needed for managers. Transparency is a company value but is usually not demonstrated.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Very Unstable

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Bridgewater, NJ
    Former Employee - Anonymous Employee in Bridgewater, NJ

    I worked at Valeant full-time (more than an year)

    Pros

    Aggressive Business Model. Company is profitable.

    Cons

    Very Unstable. They acquire companies and lay everyone else off. ERP systems are a joke as well.

    Advice to ManagementAdvice

    Focus on growing internally instead of through acquisition.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Enronceuticals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Representative
    Former Employee - Sales Representative

    I worked at Valeant as a contractor (less than an year)

    Pros

    Unless you want to be the laughing stock of the pharma industry, there are no pros to working at Valeant. The pay was terrible, we were treated like stepchildren, and doctors hate the company.

    Cons

    This company is a ponzi scheme. Their entire business model relies on acquisitions, which must become larger and larger in order to leverage the companies ever growing debt. There is absolutely NO organic sales growth. Sooner or later, the house of cards will topple.

    Advice to ManagementAdvice

    How about not trying to destroy dermatology by acquiring every company in that space and then dropping all R&D.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 3 people found this helpful  

    Finance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Valeant full-time

    Pros

    Great employees, hard working culture, compensation is good, location is accessible, and facility is nice.

    Cons

    Too much stress, all the time. Company integrates new acquisitions, but lays off most of the workforce from the acquired company, leaving Valeant employees with double the workload, and no time to adjust to new processes.

    Advice to ManagementAdvice

    Stop acquiring companies with such large market cap. The business can handle small, $1-5 billion companies, but it is difficult to manage large $20 billion acquisitions. Each new acquisition puts an exponentially increasing level of stress on employees and continues to damage their work-life balance.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    This company only cares about the bottom line, not their people.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Aesthetic Injectable Sales
    Former Employee - Aesthetic Injectable Sales

    I worked at Valeant full-time (less than an year)

    Pros

    Nothing very good stands out as a Pro here.

    Cons

    You're not valued as an employee. They are always trying to save a penny and you're not compensated well at all compared to other companies.

    Advice to ManagementAdvice

    Try to fix the company culture here.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 2 people found this helpful  

    Disfunctional

    Current Employee - Sales Specialist
    Current Employee - Sales Specialist

    I have been working at Valeant full-time

    Pros

    I came from Medicis who was bought by Valeant, just one of their many many many acquisitions. I made it through the layoffs but left to save my sanity. I have nothing good to say about this company.

    Cons

    Once Valeant closes a deal, they are quick to slice and dice jobs. Those that are selected to stay wish they were cut, and allowed a measly severance. The culture is one of intimidation, manipulation, and if you are not that type of person you are quickly pushed out. If you are chosen to stay you are expected to do the work of 10 (the 10 that were cut). All that matters here is the bottom line. Nothing of substance..this company will soon implode.

    Advice to ManagementAdvice

    There is no saving this management team. To offer any serious advice is laughable.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 3 people found this helpful  

    A disastrous place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Valeant

    Pros

    You have got to be kidding!

    Cons

    Too many of them to list.

    Advice to ManagementAdvice

    Follow the lead of the parishioners at Jonestown...you get the idea. I regret the day I accepted the job -- I found out soon enough what a disaster this "company" is. They could care less about employees and they care even less about patients. All Pearson and his cabal care about is inflating their stock portfolios and then are waiting for the day to come where they can merge with an "equal" and then they will run out with their golden parachutes while the employees are left with crumbs of crumbs of crumbs. Anyone who even thinks of going to work there needs to take a long look in the mirror and question how much of their dignity they wish to sacrifice for these vipers.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 2 people found this helpful  

    Valeant Pharmaceutical

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Petaluma, CA
    Former Employee - Anonymous Employee in Petaluma, CA

    I worked at Valeant

    Pros

    The people who work there, excluding the senior management, are some of the finest people I've ever known. They are supportive, knowledgeable, and possess a high level of integrity. It was the kind of place where one would be proud to say they worked there.

    Cons

    The senior management at Valeant have shown themselves to be very shortsighted and uninformed. Valeant bought a small privately held pharmaceutical company named Dow Pharmaceutical. This company had a proven track record of growth and innovation. It was a place where one would look forward to going to work everyday. After the takeover the contract business all but disappeared because other large pharmaceutical companies were not comfortable with sharing their projects with a large mercenary competitor. Morale dropped to the point where almost every day someone else was leaving to find another job. Then Valeant merged with BioVale, another large Pharmaceutical company. The result was a massive round of layoffs. One third of the workforce was cut. The original company, Dow, as I had known it was reduced to just a shell and needless to say morale is now at a new low. The value of Valeant shares (vrx) on the open market has been on a steady decline ever since. This is not what I would consider a successful business model.

    Advice to ManagementAdvice

    Maybe you should rethink some of the decisions you have been making lately.

    Doesn't Recommend
    Disapproves of CEO
  10. 1 person found this helpful  

    No STABILITY.....NO SECURITY.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Pharmaceutical Sales Representative
    Former Employee - Senior Pharmaceutical Sales Representative

    I worked at Valeant full-time (more than 3 years)

    Pros

    Good place to learn and move on......that's all I can say.

    Cons

    New upper management without experience and lacking professionalism. Lost all their experienced employees. Sales objectives are not attainable and no one is there to listen. Company credo is not what they practice.

    Advice to ManagementAdvice

    MORE TRANSPARENCY.....GET TO KNOW AND LISTEN TO YOUR EMPLOYEES!

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Short tenure - was downsized after merger

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Sales Representative
    Former Employee - Sales Representative

    I worked at Valeant full-time

    Pros

    Worked at Biovail for years. Loved it. After the Valeant merger (it wasn't a merger, more of a Biovail dismantling) I was downsized. I was extremely happy with the severance package, I feel I was treated with the utmost respect during the whole process.

    Cons

    Biovail got a new CEO who in hindsight wanted to completely dismantle the company - so costs were dramatically cut, delivery technologies were offloaded, etc. Then the merger with Valeant was announced, and they basically fired EVERYONE (for the most part - vast majority anyway) at the Biovail head office. Plus downsized a majority of reps, which included me.

    Advice to ManagementAdvice

    In Canada you guys are well below national target for the 6th year in a row (if you include the Biovail targets) - either fire the marketing team or the consultants who set the numbers for you - you will be facing a mass exodus soon - I am still in touch with employees. I immediately found alternate employment in a new industry, I consider myself fortunate - I actually feel bad for pharma reps these days.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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