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Advice You - Career Advancement: Using an Unexpected Job Offer to Bargain for a Raise
Many of us are happy with our current jobs, but a little bump in salary would usually be nice. What wo
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
uld you do if a headhunter called out of the blue and offered you a position at a different company--f
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
or more money? Would you be tempted to use that job offer as a bargaining chip for a raise or promotio
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
n? It's a risky move, but one worth looking into... carefully.
The first thing you need to do is deci
The first thing you need to do is deci
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
de how appealing the new job offer is.
How much better is it than what you have now?
Would you serio
How much better is it than what you have now?
Would you serio
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
usly consider leaving your current company and starting over with a new employer?
What would need to
What would need to
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
change in order for you to decline the new offer and stay where you are? A promotion or raise? More re
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
sponsibility?
Before you talk to your boss, decide what you want, and what you're willing to do if yo
Before you talk to your boss, decide what you want, and what you're willing to do if yo
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
u don't get it.
If you really don't want to leave, don't pretend you do just to negotiate a raise. Yo
If you really don't want to leave, don't pretend you do just to negotiate a raise. Yo
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
ur boss may call your bluff! Just explain that you received an unsolicited offer that you are not seri
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ously considering, but which has prompted you to want to discuss your future.
If you are undecided ab
If you are undecided ab
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
out whether to take the new job or not, discuss the possibility with your boss in a noncommittal way.
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
You might say, "I have been contacted about a new opportunity, and I'd like your advice on figuring ou
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
t what's best for my future."
Discuss the terms of the other job, and what you're most interested in-
Discuss the terms of the other job, and what you're most interested in-
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
-the salary, other benefits, more responsibility, etc. Give your boss the opportunity to make a counte
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
roffer, but do not threaten to leave if this doesn't happen. No one responds well to blackmail.
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
Keep this in mind--even if your bargaining efforts are successful and you get what you want and deci
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
de to stay, your boss may now have a lesser opinion of you. Your loyalty may be in doubt, and even if
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
the negotiation process was very nonthreatening, your boss may resent having to go through the process
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
at all.
Consider the consequences for either outcome before you use a job offer as a bargaining chip
Consider the consequences for either outcome before you use a job offer as a bargaining chip
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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