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Post by tchalaa on Mar 8, 2016 12:43:23 GMT -5
Now they are looking for a legal counsel: Requisition Number 16-0003... Post Date 3/8/2016 Title Legal Counsel City Danbury State CT Description MannKind Corporation is currently seeking a Legal Counsel. In this position the incumbent will be responsible for managing legal business matters pertaining to the organization. Provides a variety of general corporate and commercial legal services to in-house clients, including corporate secretarial functions, drafting transactional documents, such as license agreements, and advising on regulatory matters, risk management, and contract management. Works on complex problems in which analysis of legal business matters requires an in depth evaluation of various factors. Acts as legal advisor on legal issues involving the company’s government and regulatory compliance. Works on complex legal problems that impact the success of company products or future technologies. Reviews legal data and advises organization on appropriate legal action to be taken. Exercises judgment within broadly defined practices and policies in selecting methods, techniques, and evaluation criterion for obtaining results. Coordinates legal matters handled by outside counsel. May serve as consultant to management and external spokesperson for the organization. Duties and responsibilities are not limited to the work listed above and may include other assignments as necessary. .... rew12.ultipro.com/MAN1011/JobBoard/JobDetails.aspx?__ID=*6A89189306C84DCFMannkind I no more looking for a Chief Commercial Officer, have they found someone? |
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Post by stevil on Mar 8, 2016 13:45:51 GMT -5
2 questions, both, I'm sure are fairly obvious to everyone.
1. Where in the world are they getting all this money?
2. Why didn't they have any of these positions before? Or were they let go to save money and are not in the process of expanding the workforce again? Are we actually making progress right now or is this some sort of CYA/pre-sale counsel?
Hoping Matt was genuine about transparency... sure would like some right now.
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Post by bradleysbest on Mar 8, 2016 13:48:22 GMT -5
If I am not mistaken MNKD did have a legal advisor who went through a divorce a couple of years ago.... Not sure if he is still on the payroll.
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Post by factspls88 on Mar 8, 2016 14:28:57 GMT -5
If I am not mistaken MNKD did have a legal advisor who went through a divorce a couple of years ago.... Not sure if he is still on the payroll. I believe you may be thinking of Juergen Martens. He was the one who had to sell regularly to fulfill his divorce commitment. |
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Post by mnholdem on Mar 8, 2016 14:52:07 GMT -5
David B Thomson PhD is VP General Counsel & Secretary. I posted in January that he should have been fired if he never fully informed Al that MannKind was relinquishing all rights to Afrezza when they signed the Sanofi L&CA. I wonder if he's leaving...
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Post by seanismorris on Mar 8, 2016 15:14:26 GMT -5
Two things that jump out.
"Reviews legal data and advises organization on appropriate legal action to be taken." - sounds like negotiations with Sanofi are not going well (not necessarily a bad thing if MannKind has resources to play hard ball)
Drafting/ advising on licensing agreements - when wearing my optimistic investor glasses, I'd think there is enough interest in TS and inhaler tech to require an in house expert to aid in negotiations.
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Post by kbrion77 on Mar 8, 2016 15:31:03 GMT -5
Two things that jump out. "Reviews legal data and advises organization on appropriate legal action to be taken." - sounds like negotiations with Sanofi are not going well ( not necessarily a bad thing if MannKind has resources to play hard ball) Drafting/ advising on licensing agreements - when wearing my optimistic investor glasses, I'd think there is enough interest in TS and inhaler tech to require an in house expert to aid in negotiations. With Al's history and also their entire business model revolving around licensing agreements with third parties I'm surprised they don't have capable folks already in the seat. With what happened with Advanced Bionics and Boston Scientific I'm sure Al knew what type of legal counsel was needed for a company. www.wsj.com/articles/SB118669347808193458Who knows. I've been pretty much wrong on my thoughts with MNKD for a long time lol. |
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Post by factspls88 on Mar 8, 2016 16:46:22 GMT -5
If I am not mistaken MNKD did have a legal advisor who went through a divorce a couple of years ago.... Not sure if he is still on the payroll. I believe you may be thinking of Juergen Martens. He was the one who had to sell regularly to fulfill his divorce commitment. Here is a link to one of his Form 4's that shows the divorce. He is not Mannkind's lawyer but is COO. David Thomson is their lawyer and is still on the payroll. www.sec.gov/Archives/edgar/data/899460/000120919114014548/xslF345X03/doc4.xml |
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Post by matt on Mar 8, 2016 16:53:53 GMT -5
There are lots of legal issues on the horizon, most of which will probably be handled by outside counsel. However, outside counsel must still be managed and there is a lot of coordination between the company and counsel, the cost of which can be minimized by having an in-house attorney. Think of this position the way you think of somebody that manages a team of consultants.
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Post by mindovermatter on Mar 8, 2016 16:55:39 GMT -5
I'll just be the first to suggest, just to get it out of the way, that this job position is to help with pending sale of the company coming soon for $26 pps.  |
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Post by nylefty on Mar 8, 2016 17:17:32 GMT -5
Sounds as if the new person will replace Thomson, although Thomson is in California and the listing is for Danbury, CT. From LinkedIn re Thomson: David Thomson
General Counsel at MannKind Corporation
Greater Los Angeles Area Biotechnology
Previous
Davies Ward Phillips & Vineberg LLP, Rockefeller University
Education
University of Toronto
Senior life science executive and in-house legal counsel with a unique blend of experience in leading corporate legal affairs, global business development activities and R&D functions. Skilled in executing high-value biopharmaceutical transactions, including strategic alliances, licensing and major commercial agreements.
Experience
General Counsel
MannKind Corporation
2002 – Present (14 years)Greater Los Angeles Area
Member of the executive leadership team
Supervised legal department (including intellectual property) and business development group.
Negotiated and executed strategic alliance for commercialization of FDA-approved product, supply agreements, licensing/sales of early-stage compounds, purchase of manufacturing facility
IPO and multiple additional equity and debt financings, aggregating more than $1.5 billion
Responsible for SEC reporting and internal compliance. |
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Post by peppy on Mar 9, 2016 11:04:40 GMT -5
2 questions, both, I'm sure are fairly obvious to everyone. 1 . Where in the world are they getting all this money?2. Why didn't they have any of these positions before? Or were they let go to save money and are not in the process of expanding the workforce again? Are we actually making progress right now or is this some sort of CYA/pre-sale counsel? Hoping Matt was genuine about transparency... sure would like some right now. investors.mannkindcorp.com/releasedetail.cfm?ReleaseID=951141 ??
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Post by BlueCat on Mar 9, 2016 11:45:18 GMT -5
Sure, could be replacement for any number of reasons.
But could also be a shrewd business move. With the number of 'contractors', agreements underway (distribution, licensing, new trials, etc) - the cost of outsourcing all this legal may have now surpassed bringing it in house. And the added benefit? They'd have more control and visibility.
It takes a lot of time and opportunity to manage a legion of vendors/contractors. May be less expensive to hire a really good lawyer. And you get more for it.
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Post by lakers on Mar 10, 2016 17:07:18 GMT -5
The Legal Counsel Reqs was removed today 3/10/16.
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Post by mindovermatter on Mar 10, 2016 17:14:37 GMT -5
The Legal Counsel Reqs was removed today 3/10/16. You know that is definite proof the company was sold. |
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