Michael Ackermann: Acquisition Can Amplify Impact

Michael Ackermann talks about how Allergan's acquisition of his company let them scale operations faster and learn from industry leaders. He sees acquisition as a way to amplify impact rather than lose it.
Chapters
So as mentioned before that we were acquired by Allergan in August of last year. I did want to touch on that as well. So in addition to the obvious in terms of providing return for the shareholders, most importantly, Allergan creates this enormous lever for us. Right. So if we're a very small company and we're trying to go out and, and treat patients that are not only all over the United States, but frankly all over the planet, it's really hard. I mean, you gotta hire one rep at a time. It's something that Facebook advertising alone isn't going to take care of because you do have this complex network. You need a health care provider to actually ultimately prescribe that device. In Allergan, they're the world leader in the space right now. Right. They have sales representatives in the office of 23,000 eyecare professionals in the US alone. That's almost all of them. Right. And what just a really tremendous opportunity for us to be able to make a really meaningful impact on public health in a very short order of time. I did also just want to touch now that I've actually spent some time in a big company and just reflect on it a little bit as well. Sort of in line with some other things we've talked about in addition to kind of this management of risk that I think is important certainly to some, some of our staff. And I've also learned a lot, right. I'm there, I'm working in a place, we're about to launch a product and we're going to launch it in a world class way and learning from people who are very, very good at this, people who are scaling manufacturing, learning how to do that. And I think that's also true for our staff as well. Being able to come in and really learn from people who are frankly some of the best in the business, particularly at some of these later stage parts of the product cycle. And again, making this opportunity to make impact. One of the things that has been really fun about this is that there's money there, right? I mean, I mentioned when you were in the startup, you know, you have confidence that there's going to be the next check if you're doing the right things. But, but frankly there's a lot of uncertainty there and when you're at a profitable business, there's a lot of resources. And so actually within our group we have two pipeline products that weren't there when we started. And actually some really innovative folks within our group have developed two new technology ideas and they're up and running. It's really nice to be in a place where that can happen. I think that to echo sort of the opportunity for entrepreneurship as well, just relaying that that can actually.
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