Valeant Reviews

Pros

The people were the best part of Valeant. Almost everyone was very professional and competent. Sales force is recognized as some of the best sales representatives in the business. They have some good products and strong executive leadership with an aggressive strategic plan.

Cons

Valeant laid off alot of their good talent and knowledge resources after merging with BioVail last fall. Rumor has it that communication down to the sales force is scarce and has many people wondering what is really going on at headquarters.

Pros

Salary is competitive
Co-workers are great
Before Valeant took over Biovail, it was a great place to work

Cons

Management is horrible.-no mentoring, no support
Very high percentage in layoffs- no stability
No room for advancement- wherever you start is where you will stay
New CEO is known for dismantling organizations

Advice to Senior Management

Management is only out to promote themselves and could care less about the employees who actually do the work. Please open your eyes, see who is actually doing the work, and reward accordingly.

Pros

Current: on the winning side of industry consolidation, great stock performance

Cons

Past: driven by bets on R&D and politics

Advice to Senior Management

Current team: keep up the good work, enjoy NJ
Past team: next time be kinder & avoid R&D bets

Pros

Compensation, benefits, work flexibility, people, team work

Cons

no job advancement for middle management

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 Senior Management

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

Pros

Valeant was a great company to work for. The senior management staff was really dedicated to growing their brands, and they were equally as interested in what their sales staff had to say.

Cons

The only con I can really think of was a lack of communication at times. Sometimes, information didn't really make it's way down to the sales reps as swiftly as it should. Competitive knowledge was also not at abundant.

Advice to Senior Management

When I left, they were really moving in a great direction. The only advice I could give would be to keep doing what they are doing.

Pros

Flexible schedule, better senior leadership

Cons

Average, not great, field leadership

Advice to Senior Management

Mike, Good job so far. The communication with the field has been often and thorough. Nice change from prior mangement.

Pros

The only reason to be happy to work for Valeant is that they have an amazing product line, and the potential that things may "resolve" themselves and there could be a potential growth strategy put into place.

Cons

Unorganized, overworked, grossly underpaid compared to similar positions in other companies. Valeant is slow to respond to needs in the field, drops the ball and just doesn't seem to know what it is doing.

Advice to Senior Management

Pay employees what they are worth, perhaps a percentage to total dollars brought in? Recognize employees contributions throughout the year, not just at President's Club.