Facet Biotech Corporation
2.7 of 5 3 reviews
www.facetbiotech.com Redwood City, CA 150 to 499 Employees

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Faheem Hasnain


3 Employee Reviews
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    great while it lasted

    Management (Former Employee)
    Redwood City, CA

    Proswas a good place to work while it lasted. There were many changes, but was headed in a positive direction when buy out occurred

    Consfrom PDL biopharma days to Facet biotech, it was a roller coaster ride

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    Facet: wait and see if they can ultimately turn themselves around

    Anonymous Employee (Former Employee)
    Redwood City, CA

    Prosco-workers are great. people work together well. new ceo has a clear vision about where he wants the company to go, however, it will be painful for those who remain until Facet reached a level of equilibrium. senior management is being slowly replaced, and that is going to be a great change for the company. the old "McDade" group had no drug development experience, as evidenced by their inabililty to guide the company to launch its own products rather than in-licensing. the new team being brought on board has drug development experience and proven track records at successful companies which will hopefully provide the leadership to success that was lacking before.

    Consno pipeline. current restructuring does not allow much professional growth. after recent layoff, key technical people who were expected to stay are jumping ship. at this point, the only hope Facet has is to in-license products to develop or be acquired by a larger company. several departments function on favoritism, which makes it hard to success based on merit alone. too much bureaucracy for the size company it is.

    Advice to Senior Managementold management is slowly being replaced. there are a few individuals who still remain, but it is unclear why. i can only hope that there will be additional hits at the senior level to clear out the remaining managers who have been sheltered under the old management style. i think the ceo knows what he is doing, and if the company has any chance, it will be for him to completely revamp the current way of how the company operates.

    No, I would not recommend this company to a friend

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    Good colleagues but not a stable environment to work in.

    Scientist (Former Employee)
    Redwood City, CA

    ProsDirect supervisor and work colleagues in lab were wonderful. Communication, feedback, and respect for accomplishments within our department was good. The physical location of the new Redwood City facility is beautiful and the labs are well equiped. Compensation has increased in recent years to be more comparable to the industry.

    ConsEmployee morale very low due to layoffs and uncertainty about the future. There are no obvious departmental or company goals, and nothing has been coming through the product pipeline. There is confusion about if or when the company may move again. Everyone's stock is underwater. Interaction between departments isn't encouraged enough.

    Advice to Senior ManagementNeed a qualified, unbiased scientific review committee. Move back to Fremont. Hold on to good employees and eliminate the politics. Put more emphasis on benefiting patients. Use some common sense in evaluating new technologies.

    No, I would not recommend this company to a friend

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