Pharmagen, Testen, Testion, Deca...anyone? Our community is ready to answer. When clicking on the linkedin link, it brought me to a person with no picture, same initials. I have received this scam from other past companies that the "recruiter" creates, such as "Full Circle Health", in which they ask the same things in the email. Are you familiar with HIPAA laws in relevance to selling pharmaceutical products? • PEI is entitled to receive future royalties associated with an existing commercialized drug Pharmagen, Inc PHRX Stock Message Board: SNPK is a SCAM ... that claims they Jimmy3 I've used this gear befor. Overall rating. How to account for the funding of the R&D and royalty payments 2.State the fact pattern. As an employee of the Pharmagen Corporation, you have worked your way up to the position of Information Technology Director, and have finally taken some well-earned vacation time. states that revenue and gains are realizable when related assets received or held are readily convertible to known amounts of cash or claims to cash. Once a victim completes training (the program appears to provide legitimate pharmaceutical sales information, causing the user to actually complete it), the recruiter will no longer answer your calls and will never offer a job. I've experience the exact situation as the three other claims below. This accounting standard provides clarification and guidance to entities that entered into R&D arrangements, and advises on proper recognition. © (Bullet points can be very useful here.) The Pharmagen Corporation is a large, multinational pharmaceutical company that specializes in targeted drug delivery through genetics research as well as drug development. Completion of industry pharmaceutical sales training. ...Final Exam Review- Hitzig parts 1-3 Pharmagen, Inc., offers sterile pharmaceutical solutions. • Pharma estimated completion of project will take 3 years (from agreement date), and will cost estimated $1 billion Victim Location 27513 Completing the training provides you with a certificate that is not valid for any pharmaceutical job, therefore causing you to waste your money and time. My "buddy" has 3 10 cc vials from a company named Pharmagen out of Chicago IL (Testosterone Enanthate labeled Testen, Cypionate labeled Testion and Deca). Pharmanex is actually a good MLM company. ...The Pharmagen Corporation Simple answer, if you're not sure, don't deal with them. They entered into a Funding Agreement with Company XYZ, a private equity investor, who has agreed to provide Pharmagen with up to $500 million of the total cost needed to develop drug X over the estimated 3 year project time frame. www.pharmagen-usa.com. This scam involves a recruiter website offering to hire you for pharmaceutical sales, only to require that you complete pharmaceutical sales training through their affiliate website, https://www.napsronline.org/. Pharmagen case describes a $500 million Research and Development (“R&D”) funding agreement between pharmaceutical company (“Pharma”) and third-party private investor (“PEI”). As the Director of the Information Technology department, you and your staff are responsible for satisfactorily answering questions for all researchers, technicians, negotiating with vendors for all useful databases, and maintaining relations with the different research, business, and administrative branches of the company in your physical location. 1.State the issue at hand. {{ article.headline | getDecodedUnicode }} Requirements: Facts presented in the case call for Accounting Standards Codification (ASC) section 730-20 to be applicable. Dbrown1978 Great guys. 3. Paragraph 83(b) of FASB Concepts Statement No. If you know any contact information for PharmaGen USA, help other victims by adding it! Have a great day. This company comes highly recommended by several doctors I am in contact with. Glassdoor will not work properly unless browser cookie support is enabled. Paragraph 83(a) of FASB Concepts Statement No. 1 0. The issue is to decide on how to account for funding of the R&D and royalty payments, and identify authoritative literature applicable to the agreement. The email I received was very vague when detailing the job as a pharmaceutical sales representative. Provider of healthcare services designed to offer pure distilled water. Please complete this form and click Case states the following facts about agreement: 4. I reviewed what you sent us today and now reaching out to move forward. The company's services includes purification and distribution of safe drinking water through its chain of open water shops in Pakistan, enabling people to drink healthy water for the betterment of their health. The recruiter will have received your contact information from posting false pharmaceutical sales jobs on websites like Ziprecruiter.com. 3.8. To view Pharmagen Healthcare’s complete valuation and funding history, request access », To view Pharmagen Healthcare’s complete executive team members history, request access », To view Pharmagen Healthcare’s complete board members history, request access ». Description: Glassdoor has 2 Pharmagen reviews submitted anonymously by Pharmagen employees. Pharmagen should report their cash from XYZ Corporation as deferred income based on ASC 470-10-25-1 (Sales of Future Revenues). * Pharmagen will retain all intellectual property rights and there are no other agreements between the two parties. All rights reserved. Being realized or realizable. If you know of or encounter a scam, this is the place to let people know about it. you have sole responsibility for all of the decisions presented.Delegation is allowed to any of your three other staff members, although a brief reply to the customer is required for each item, regardless of a delegated or delayed action. 2. * Pharmagen and the non-related PEI enter into a funding agreement where PEI will contribute $500 million for the R&D of a new drug being developed by Pharmagen. The facts of this case are: Almost there! [pic] * After completion of drug X the PEI will receive future royalties based on the sales of the new product, and they will also receive royalties on an existing Pharmagen drug for a defined period of time. Your response will be removed from the review – this cannot be undone. Choose a different language and keep reading other reviews. BRIEFLY present the relevant facts. Develop and maintain product knowledge, business acumen, and proven sales processes for assigned products. Online, offline, email, or postal. I am a Talent Acquisitions Specialist (recruiter) here at PharmaGen-USA and just need to get some additional info from you. The dude he got it from is a bodybuilder and claims he has 10 buddies using stuff from Pharmagen and that it's a UG lab.. 5, Recognition and Measurement in Financial Statements of Business Enterprises , states that revenue and gains are realized when products (goods or services), merchandise, or other assets are exchanged for cash or claims to cash. Is a total scam to only end-up asking you to enroll in the https://www.napsronline.org/ web site and spend the $250+ to get a Pharmaceutical Sales Training Certification which, indeed, I found out is totally useless and not recognized by any major laboratory. * The funding is restricted to the development of drug X and Pharmagen is not required to complete the drug. This position will be field based and will require a valid driver’s license. All of our Pharmaceutical Sales Reps will educate patients and health care providers in clinic setting on the proper use of the prescribed product. Setting This will replace the current featured review for targeted profile. Alpha777 This is my first time. 888-587-7460 x707 • PEI will provide incremental funding as long as Pharma is demonstrating progress, however Pharma is not obligated to successfully complete development, “best effort”arrangement Excerpt: Anyone tried pharmagen? You report to the Director of Information Services, Mr. Robert Flay (tech support and the library are also under this director). Anyone tried pharmagen? 2 Pharmagen reviews. If you have additional questions then add those for me as well. Having problems with PharmaGen USA? PitchBook is a financial technology company that provides data on the capital markets. Featured 4. I worked at Pharmagen full-time for more than a year, Did not have enough capital to sustain viability.

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