Stay Away - This is a nightmare! - Vice President Veranex Employee Review

1.0
24 Jun 2024
Recommend
CEO approval
Business outlook

Pros

Good people still there - but they are ALL frustrated as well.

Cons

The executive team appointed by the Private Equity owner is absolutely clueless, they don't understand the business and are not even present on-site. Top-down decisions with senseless rationale, disregarding the team who has been working there for decades. Micromanaging to the extreme, absolutely zero decision making power to anyone, every small decision has to go all the way to the top and it takes weeks if not months to get a simple yes/no answer. They just want to flip the company and double their money, No one cares about the long-term, let alone the employees; it's all about making a quick buck and sailing into the sunset for the next flip. This ship is sinking, stay away.

Explore other reviews about Veranex

5.0
24 Apr 2025
Recommend
CEO approval
Business outlook

Pros

Amazingly talented, collaborative, caring people. Diverse, challenging project that help people and improve med tech.

Cons

Slow to realize true integration across acquisitions.

3.0
15 Feb 2026
Recommend
CEO approval
Business outlook

Pros

I’ve worked for Veranex for several years. I’ve read the reviews and can certainly understand and respect the perspective of those that submitted those reviews. It is true that Veranex has had its challenges integrating each of the legacy companies into a single cohesive unit. Some of those challenges were self-inflicted and some of those difficulties were attributed to the volatile economic environment that everyone (consultancy or not) has struggled to navigate over the past several years. The challenges and difficulties encountered have necessitated difficult business decisions that have impacted many present and past employees. As such, their feedback on this platform is fair. Although there have been business challenges, those challenges have not taken away from the experience and expertise that is offered by the people that make up present day Veranex. Veranex is comprised of individuals with a breadth and depth of expertise that is rivaled by only one, or maybe two, other companies. Most importantly, everyone I encounter and work with at the company has a genuine passion for what they do. Yes, the challenges encountered over the past several years have led to frustration that has caused some individuals to leave. However, several have returned, and that says a lot about the people, culture, drive, and work that is done for and delivered to our clients. I have noted a few reviews that have mentioned unprofessional and/or unethical business practices. Although I cannot comment on what may have caused an individual to make those assertions, I can confidently comment with respect to my own experience with colleagues and leadership at Veranex over the past 5 years. I have never encountered a situation or been privy to a conversation, decision, or otherwise that was unethical or was conducted with unprofessional or unethical intentions. To the contrary, I have been privy to situations, conversation, and actions where leadership went out of their way to conduct business in a manner that was beneficial to a client (sometimes at detriment to Veranex) and/or conduct decision making with compassion and respect for individuals that may be impacted by a necessary business decision. To be clear, my comments are not intended to diminish the perspective of others. Rather, I am providing a view of the company and its culture as I know it and as I know others share. To those that may be considering joining Veranex, you would be working with a group of professionals who know Clinical Research and Medical Device Development better than anyone else. The work is challenging and rewarding, and the people are genuinely some of the best you will meet. To potential clients, Veranex has some of the best resources and expertise available. Quality of outcome with respect to research, development, and regulatory approval is excellent. The people at Veranex want you to succeed, as it is their own personal and professional success. The medical device product development process is complex from both a technical and business perspective. Veranex strives to operate as a partner and build lasting relationships with our clients. I hear this expressed in almost every leadership discussion. I hope that you will allow us the opportunity.

Cons

Marketplace is difficult. Project funding is much more challenging than 3-5 years ago.

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