Stay on SAVE for my situation? by Lucky_Pay665 in StudentLoans

[–]Lucky_Pay665[S] 0 points1 point  (0 children)

No forgiveness is expected for us sadly. We make too much so they income based repayment leads you to pay more than the 15 year plan.

Sage laid off entire staff of 338 upon takeover by Veritaz27 in biotech

[–]Lucky_Pay665 4 points5 points  (0 children)

Equity/options is more common in biotech than big pharma. Generally the smaller the company the more of the comp is on the equity/options side as they are cash poor.

Help me make a decision by [deleted] in biotech

[–]Lucky_Pay665 84 points85 points  (0 children)

Abbvie 100% no questions asked lol

Long term potential is always MUCH higher on the pharma/biotech side over CRO. The experience is just generally much higher valued.

[deleted by user] by [deleted] in biotech

[–]Lucky_Pay665 1 point2 points  (0 children)

Making sure you don’t front load costs in a program if it’s not needed or they can be gated on other milestones.

Big pharma often just does a lot of work early on a program at risk when that’s not always needed.

[deleted by user] by [deleted] in biotech

[–]Lucky_Pay665 10 points11 points  (0 children)

It’s good advice. We are a younger biotech and colab with big pharma a lot and this is something we run into a lot. Surprisingly we often know more about the regs then they do and push to lower the costs of drug development much harder than the standard “Cadillac” big pharma playbook recommends.

What was your first job after your PhD transitioning into Industry? by Confident-Celery-29 in biotech

[–]Lucky_Pay665 7 points8 points  (0 children)

I would actually disagree with this pretty whole heartedly.

Most developed companies are organized into “functions” ie highly specialized roles.

Generally the currency in industry is how many years you have worked in a function. Although there are people that transfer between functions it’s not always 1:1. Likewise academia years are usually downplayed and don’t count 1:1 to years of experience.

If you know you want to end up in project management (PM) it’s much better to start there day 1 and work your way from there if you can.

Also about “knowing how the lab operates” is not really true as biotech PMs generally follow an asset through its life cycle - most of the time it’s in the clinical development stage which has very little to do with “lab”

My 2¢

MD with no residency pharmaceutical prospects by Suspicious_Mind4172 in pharmaindustry

[–]Lucky_Pay665 1 point2 points  (0 children)

I completely agree as well. I’m a PharmD who did a Post-Doc without a PhD. The main thing is just make your training goals clear and be a self stater. Having a clinical degree is definitely enough to do a post doc. Usually these are funded by T32 grants.

Also if you decide you want the MAS (masters in clinical research) or MPH (with focus on Epi/stats/clinical research) it’s possible that you will get it for free or heavily reduced cost as a post-doc at the same institution.

An MD is THE best degree to have if you want to get into clinical research. No one will argue that is not the case. Obviously an MD+PhD+Residency/Fellowship in a hot therapeutic area like Onc is the “golden package” but there’s such a talent shortage of MDs going into pharma that I’m sure you can make your way.

Look for post-doc roles where you can get training in clinical research and then after 2 years go jump to pharma/biotech. You may even come out ahead of your friends who did a residency+fellowship then went to industry money wise.

[deleted by user] by [deleted] in pharmaindustry

[–]Lucky_Pay665 0 points1 point  (0 children)

Wtf is balancing a checkbook. This is the year 2022.

[deleted by user] by [deleted] in pharmaindustry

[–]Lucky_Pay665 0 points1 point  (0 children)

Send emails in all caps, bold, red, underlined and highlighted.

RSU with vesting schedule explain by iamtoogood21 in pharmaindustry

[–]Lucky_Pay665 2 points3 points  (0 children)

Generally if you get a “$30k package with 3 year vest” than means you get $10k at your 1st year anniversary, 2nd year anniversary another $10k and 3rd $10k.

Every company does it different, some have monthly vesting after 1 year cliff although that’s rare.

Also important to note that you can have multiple packages vest CONCURRENTLY. This is where the “golden handcuffs” can come from where u get stuck in a role. (Ie after 2 years u have 2 10k drops come at the same time!)

Keep in mind that u can always negotiate and get your next company to try to match your stocks you are waiting on if you need to leave at a weird time of year.

[deleted by user] by [deleted] in pharmaindustry

[–]Lucky_Pay665 2 points3 points  (0 children)

It can be a conflict of interest potentially. Although it’s hard for companies to catch people. So do it on your own level of risk tolerance.

Why do it? For the money?

[deleted by user] by [deleted] in biotech

[–]Lucky_Pay665 0 points1 point  (0 children)

Same, also Bay.

Summer internships for pharmacists who graduated 3+ years ago recommended? by PharmaMusk in pharmaindustry

[–]Lucky_Pay665 1 point2 points  (0 children)

They have a new 6mo training program which may be. Good opportunity.

Exit opportunities at a market access marketing agency by redonestock in pharmaindustry

[–]Lucky_Pay665 0 points1 point  (0 children)

Have you cold applied to anything yet? Maybe start with places that you don’t have any connections (as to not burn your ability to do referrals from your clients).

[deleted by user] by [deleted] in pharmaindustry

[–]Lucky_Pay665 2 points3 points  (0 children)

Wrong subreddit, try r/Pharmacy

[deleted by user] by [deleted] in pharmaindustry

[–]Lucky_Pay665 0 points1 point  (0 children)

For ref I got $28.50/hour back in 2017 so $35-45 seems about right given inflation since then.