xbiotech usa Reviews

Updated June 29, 2015
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John Simard
12 Ratings

20 Employee Reviews

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  1. Great place to work!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Austin, TX
    Current Employee - Anonymous Employee in Austin, TX

    I have been working at xbiotech usa full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    A great start-up company with many pros: A promising drug in the clinics; a great discovery pipeline; committed scientists; and the opportunity to gain experience across multiple areas very quickly.

    This place is not for the faint of heart. Your work will be challenged, but as long as you take the feedback positively to improve your commitment to science and humanity, you will survive.

    Cons

    Health benefits are not so great, but this is the case with any small employer. No 401K options, but this is somewhat compensated by a decent stock option upon joining the company.

    Advice to Management

    Make the current employees feel appreciated for their dedication and hard work whenever possible. You will be able to retain your talent pool and won't need to spend months training new employees.


  2. Cell culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Cell Culture in Austin, TX
    Former Employee - Cell Culture in Austin, TX

    I worked at xbiotech usa full-time (Less than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Ground breaking Antibody therapeutic treatment

    Cons

    The managers are freaking crazy!!!

    Advice to Management

    Stop being so paranoid and treat people with respect


  3. Non-competive Pay, Understaffed, Intimidating CEO, Questionable long-term potential

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

    I have been working at xbiotech usa

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The staff at the entry and mid level are all very nice.
    Austin is a good city to live in.
    Parking isn't an issue.

    Cons

    Base salaries are 30-40% below the market rate. There is no 401k (and obviously no matching). There is no family health insurance coverage. There are no bonuses. Additionally, it is extremely rare for anyone to get a raise or to be promoted. This has many people leaving and looking to leave. A publicly traded company that isn't competitive and willing to keep talent will have trouble succeeding.

    The CEO micromanages each department, which might work well in a 20 person company, but not one of this size. He is very smart, but has also established a culture of "do X or you are fired." Several people from entry level all the way up to a couple of Vice Presidents have been fired on the spot.
    The CEO promises certain timelines to external parties and doesn't realize how understaffed the manufacturing and clinical departments are. It is stunning how much work he has so few people doing. If two or three key people leave those departments the company would come to a halt.

    Advice to Management

    Try very hard to retain your current staff and hire 2-3x more people. The compensation is so far below other local and national companies that other factors can not make up the difference and people will leave once they get their experience.
    Also, try not to be so aggressive. Be reasonable and ask your colleagues outside of XBiotech or consultants what is a reasonable budget or a reasonable timeline for certain large projects.


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  5. Helpful (2)

    Very Inexperienced Upper Mgmt and Absurd Cronyism.

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

    I worked at xbiotech usa full-time (More than a year)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    A few very smart scientists there. Others are nice people to work with for the most part. Nice facilities for a startup.

    Cons

    Upper Mgmt, especially HR and CEO, have no respect for mid level employees. Over my tenure it was made very clear that everyone was expendable on a days notice (besides previous co-workers from Canada). Very inadequate financial acumen for a firm this size. Unclear if they care much about helping cancer patients or company is only a pipe-dream for executives hoping to score a financial windfall.

    Advice to Management

    Perhaps, don't go on a month long yachting vacation just 45 days before you have to lay off 70% of your workforce b/c your payroll checks are about to bounce?


  6. Helpful (1)

    Great company !

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Biological Scientist
    Current Employee - Biological Scientist

    I have been working at xbiotech usa part-time (More than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    I have worked at xbiotech for years, and I have nothing but positive feedback.
    We are paid well and have full medical coverage.
     We have a stellar boss who engages us, treats us with respect and is devoted to his company.
      The best part of working at xbiotech is knowing the potential that our leading drug candidate Xilonix has to help so many people !

    Cons

    Drinking too much at company parties !


  7. Helpful (6)

    Throw you out like a cheap handbag, a meat grinder that sucks the life out of you

    Current Employee - Vice President in Austin, TX
    Current Employee - Vice President in Austin, TX

    I have been working at xbiotech usa full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Austin location, close to the airport, good infrastructure, great city, great culture, nice place to live, entertainment factor, good people

    Cons

    The management is paranoid about disclosures and external discussions, please read the other reviews posted on this site carefully because many appear to be written by the management themselves and posted within days, recycling the same old snake oil salesman points. This is a soul-destroying sweatshop, where employees are disposable assets. Be prepared to be exploited, abused and ultimately, amused. Senior staff of the company is all about politics and playing the game. Also, if one has made any mistakes, instead of addressing the issues in a timely manner and allowing one to learn, they hold on to the information in order to fire a staff member. Compensation is about 50% below market rate. Many feel that they need to stay because they need the stock option payout because they have been paid such low base salaries. However, options are incredibly diluted so are all but worthless. The true size of the option pool is obscured due to the numerous funding rounds and management turnover. Overall it's become a very tough culture and difficult place to work. They do things very different than other companies in HR, people get fired left and right for no reason. Its a numbers game, they don’t relo because, you will be looking for work within a few weeks, to a few months, not a long term place to get a career moving forward. The whole organization is top heavy. It seems like the shift towards an IPO plan has really been a move to get all of the current CEO buddies in on the cheap stock option action before the official public offering - Just another way for rich friends to get richer.

    Advice to Management

    Value employees more and pay more. Issue fair options packages. Encourage career advancement. Don't yell at people.


  8. Great start-up biotech company

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

    I have been working at xbiotech usa full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    This is a start-up biotech company that has very promising pipeline products, which could make tremendous improvement on patient health and quality of life. Let's be practical. This is not a place for somebody who want to live a retirement life. This is a place where you start from scratches to build a fantastic career. The CEO is one of the smartest guy I've ever met in my life and he is experienced of bringing valuable products to market. Most of the people I work with are diligent, understanding and professional. Since the company is small, you get good visibility and can contribute to the work of changing patients' life in the future. What is more important than that?

    Cons

    Just like any other small companies, roles and responsibilities are not very clear in many situations. However, this could be beneficial a lot of the times as well because you learn other stuff. You would not be always working on the same thing all the time, like in the big companies.


  9. Don't believe everything you read!

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

    I worked at xbiotech usa full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    There is a lot of great science and great people at Xbiotech. Some of the reviews here make it seem like a terrible place to work and it certainly isn't! Like with any small company there are some expected growing pains, but there is also a commitment and drive to really think outside the box and generate innovative, quality medicines.

    The experience you can gain from there is unlike other places I've worked. New projects are started frequently using cutting edge science, and you can gain experience across a wide variety of areas very quickly. You don't find that everywhere!

    The management is passionate about pushing the company forward, I completely disagree with those that say its is being made to be sold. Rarely do you see a CEO so committed to science, even when it means not taking the easy route. Xbiotech has a real chance at a great future! I wish them luck!

    Cons

    It is a start-up company with no products on the market yet and because of this doesn't have the revenue to compete with offers from larger, more established companies. Fortunately, for now at least, the cost of living in Austin is well below the North East or West Coast where most of those companies are. But comparing a start-up to established biotechs is comparing apples to oranges and there are many reasons to enjoy working there.

    Advice to Management

    Do more to keep the employees you have and to be competitive when bringing in new talent. You have a great pool of talented people across all levels of the company and a great looking future. People love living in Austin and want to stay there. Small changes could make all the difference.


  10. This company has a big future

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

    I worked at xbiotech usa full-time (More than 3 years)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Great environment - friendly, collegial, supportive. Great future for the drug they developing.

    Cons

    I do not like the distance from my home to work

    Advice to Management

    Not much. Thank you for the experience of working in such a good company


  11. Great place to work!

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

    I have been working at xbiotech usa full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    They have definitely made changes for the better. Great nurturing atmosphere.

    Cons

    The usual growing pains with any start-up but if you're flexible, this is a great environment to grow.

    Advice to Management

    Continue to make good changes for the overall growth and success of the company.



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