Plunging Stock Price Just Says it All - Anonymous employee Novocure Employee Review

1.0
Mar 21, 2017
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

This is a palliative treatment but will never cure GBM. However, as a Durable Medical Equipment it provides a measure freedom for the patient to live their life. No one wants to see anyone suffer and should the product provide a scintilla of hope for patients and families, the oncology society would benefit.

Cons

The plunging of the stock price is a sobering one yet a worthy and accurate reflection of the competency of leadership at the helm. There is a stark difference in the espoused ethos by those that are in patient support (support centric) vs the management of the business itself. Once a 12 year startup now publicly traded (FDA approval and release of stock price simultaneously which is questionable). The environment is geographically challenging because each "C" demanded to work from their respective corner of the world, also each respective group is a clique that moves from one company to the next. Like hires like and NVCR is no different. Witnessed and been subjected to sociopathic, passive aggressive and dismissive behavior toward peers, subordinates, vendors, consultants etc. The leader sets the tone and the tone of leadership which can be verified as a pattern through other reviews is that of inexperience and incompetence. The COO is the most likable and employee centric however struggles to make decisive calls resulting in bad hires of said poor senior leaders. The cycle of dysfunction in leadership is so textbook its humorous.

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Pros

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Cons

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