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Ben Venue out of business Bedford Ohio 1100 folks
Radio and company announcement ^ | 10/04/2013 | Self

Posted on 10/04/2013 5:16:03 AM PDT by reed13k

Just heard on the drive in that Ben Venue, a maker of cancer drugs (generic and on contract), will be going out of business. They have been working through a consent decree with the FDA for quality system issues and stated: "the company cannot return to sustainable production."

Their announcement here: http://www.benvenue.com/news_/press_releases/october_3_2013.html

1100 folks in Beford Ohio will be impacted.


TOPICS: Business/Economy; US: Ohio
KEYWORDS: benvenue; cancer; cancerdrugs; fda; layoff; ohio

1 posted on 10/04/2013 5:16:04 AM PDT by reed13k
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To: reed13k

It begins..


2 posted on 10/04/2013 5:17:23 AM PDT by uncitizen (Obamacare IS TAXATION WITHOUT REPRESENTATION)
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To: Whenifhow

for your Ohio Ping list


3 posted on 10/04/2013 5:18:25 AM PDT by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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To: reed13k

Summer of Recovery ver. 5.7


4 posted on 10/04/2013 5:18:55 AM PDT by Mad Dawgg (If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
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To: reed13k

Who is John Galt?


5 posted on 10/04/2013 5:21:13 AM PDT by ClearCase_guy (21st century. I'm not a fan.)
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To: uncitizen

I work in the industry and have been through this stuff - the regulatory burdens that are being imposed on all industries, not just medical, are killing the country. That feeling I’ve had for some time of a massive thundercloud approaching, just keeps getting stronger and stronger. So yeah...


6 posted on 10/04/2013 5:21:28 AM PDT by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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To: reed13k
Right on time and according to the god, savior, and messiah of the Left and parasite class, obama's plans. As obamacare bumps along, you will see more companies that make different medicines for different drugs making the same statement. Ditto the research facilities. And last but not least, private insurance companies will begin declaring bankruptcy.

The only silver lining, or probably not a lining, just streaks of silver here and there, is that probably for the first and only time in the history of the Nation,the voting majority will get what they voted for: to wit} Their own demise.

7 posted on 10/04/2013 5:26:33 AM PDT by sport
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To: sport

Under Obamacare, cancer is the same as a death sentence.

No need for treatment.

Another silver lining, IMO, is the fact that for the first time in about 60 years, people are actually seeing firsthand how much health insurance actually costs. As a self employed person, I have always known what it cost as I have paid the bill directly for decades.

But I do wish the revelation could have been made as a result of free market solutions and not a government takeover.


8 posted on 10/04/2013 5:33:36 AM PDT by randita
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To: reed13k

That word, “sustainable” is waaaayyyy overused by the collectivists!


9 posted on 10/04/2013 5:36:42 AM PDT by Jack Hydrazine (I’m not a Republican, I'm a Conservative! Pubbies haven't been conservative since before T.R.)
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To: reed13k

I nearly took a consulting job for a major player in the medical device field.

Seems their major competitor had been harassed to the verge of bankruptcy by the FDA and the firm looking for my services had taken over all the accounts and could not possibly handle all the orders.

A little research showed one company was NOT a major contributor to the regime. Guess which one it was, the bankrupt one or the flush with new orders one!


10 posted on 10/04/2013 5:58:02 AM PDT by Wurlitzer (Nothing says "ignorance" like Islam! 969)
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To: reed13k; ADemocratNoMore; Akron Al; arbee4bush; agrace; ATOMIC_PUNK; Badeye; Bikers4Bush; ...

Ohio Ping
thanks reed13k !!

Just heard on the drive in that Ben Venue, a maker of cancer drugs (generic and on contract), will be going out of business. They have been working through a consent decree with the FDA for quality system issues and stated: “the company cannot return to sustainable production.”

Their announcement here: http://www.benvenue.com/news_/press_releases/october_3_2013.html

1100 folks in Beford Ohio will be impacted.


11 posted on 10/04/2013 7:01:45 AM PDT by Whenifhow
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To: Whenifhow

on behalf of all Americans let me say FUBO!!!!!!!!!!!!!!!!!!


12 posted on 10/04/2013 7:03:16 AM PDT by rrrod (at home in Medellin Colombia)
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To: reed13k

The government has just decided to rename some cancers to IDLE

If as doctor decides your cancer is small and non-life threatening the government will not consider it cancer enough for treatment soon.


13 posted on 10/04/2013 7:05:14 AM PDT by GeronL
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To: ClearCase_guy
Who is John Galt?

Ted Cruz.

My wife woke me up at 4 AM during Ted's filibuster with, "He's reading from Atlas Shrugged!!!"

I said, "Great! Now go read the damn book!"

I suppose I should have been more supportive, but up to now, she's turned her nose up whenever I wear my AS themed polos or tshirts.

BTW, my 3 YO grandson looks great in his "Taggart Transcontinental" t-shirt. lol

14 posted on 10/04/2013 7:08:55 AM PDT by Night Hides Not (The Tea Party was the earthquake, and Chick Fil A the tsunami...100's of aftershocks to come.)
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To: Whenifhow

Oh my God! I have a client there that mentioned a layoff was coming this month...I bet she never expected this.


15 posted on 10/04/2013 7:24:19 AM PDT by EBH ( Freeman: A person not in slavery or serfdom.)
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To: Whenifhow

PS. My mother used to work there in the early 1990’s too.


16 posted on 10/04/2013 7:25:15 AM PDT by EBH ( Freeman: A person not in slavery or serfdom.)
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To: EBH

5/6 minutes from my house. If I recall correctly, they’ve been in trouble for a while. Don’t remember the details. I think they down-sized a few years ago, not that many years after they expanded. They may have already been “troubled” and obama was the last straw.????????


17 posted on 10/04/2013 7:29:26 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: Whenifhow
Pinging to follow...this is not a good thing. Not sure if there's another supplier for the chemo-drug they (used to) make but there is a less-tested "generic", apparently. Cleveland Plain Dealer has run a few stories...but just to reiterate, this is not a good thing, for cancer patients, OR for the employees of this venerable company.

From what I've read, Ben Venue had a long record of complete integrity before some rather vague and inexplicable lapse a few years ago. And they have not been able to come up to standards (??) since, but I suspect that has more to do with revised standards and regulations than it does with the quality of the company's production/products.

Another great job by the FDA, /sarc

18 posted on 10/06/2013 4:07:05 PM PDT by 88keys (I'm sorry, sir, I don't fit in a handbasket...)
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To: 88keys

Thanks for the info


19 posted on 10/06/2013 8:41:38 PM PDT by Whenifhow
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To: reed13k

I know people that used to work there, a lot of them. We used to be a primary hangout for their employees, but not so much recently.

I’m not sure the government can be blamed for this one. They had to voluntary suspend operations a couple years ago for some pretty serious stuff. The main one was metal getting in the injectables, but most notoriously a bucket of pee found in a production area.

Before that their main reputation was rapid growth. Perhaps too much too fast.

Over the past year or two they have let a lot of their long term people go. Classic dumb move by business, it’s great for the short term bottom line but if you are trying to rebuild a previously successful business, not so good.


20 posted on 10/09/2013 4:24:15 AM PDT by E Rocc (November 2, 2010: The beginning of the end of the kleptocracy.)
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To: E Rocc

Don’t disagree that they had issues, and needed to resolve them. I know someone from there that also said their older facilities would have taken significant work to upgrade. Spent 350M to bring things in line, and estimated more than that to finish the process...thus closing the shop.

There “voluntary” shutdown is called a consent decree - which is basically the regulators saying: if you don’t agree with us in court on the steps you’ll take, then we’ll lock your doors and confiscate all your product. You get to negotiate the details, but you will “volunteer”.

But the ability to resolve those issues is limited due to the regulatory scheme currently in place. There is a proscribed method for anything and everything and ridiculous amounts of documentation even though the answers are often obvious. Most of which provides limited value while adding termendous cost and resulting in shortcuts elsewhere to offset the burden. There’s a time and place for different tools and documentation, but the requirements have reached an onorus level.

I don’t doubt they had silly stupid things they were doing. But the industry is under serious threat from a number of angles.


21 posted on 10/09/2013 7:00:29 AM PDT by reed13k (For evil to triumph it is only necessary for good men to do nothing.)
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