Advice You - Business

How to know if you need a change in job? for example say you have a job.

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

You get good pay and are happy with the work. You get regular promotion

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

and are satisfied. Do you think that you need to change that job? No, b

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

cause you are happy. What about the future? Where will you be after five

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

years or ten years? If your present job is Ok for today, will it be Ok f

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

r future? Let us examine this.

Before finding out if you need a change

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

n job, please find out your needs. What do you need from a job? Are you

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

looking for a challenging job? Are you looking for a job that gives you

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

pportunities to grow? Do you want a job that may pay less but you don't

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

ant to work very hard? Or you want to work very hard but are looking for

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

a very fat paycheck? Please find out what are your expectations from a j

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

b.

Now find out what do you want from life. What are your life goals? d

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

you want to retire after a certain time or want to work till you can? A

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

e you looking for great wealth or great fame? What do you want from your

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

life to feel satisfied?

Think about your life goals and find out if yo

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

r job goals will help you achieve your life goals. Otherwise you have to

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

rethink about both of them. Once you are sure about your desires from yo

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

r job, find out if your present job will give you all that you are looki

.

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

g for. If yes, you have no need to change the job. Otherwise, you will h

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ve to look for a job that will help you achieve your major goals of life

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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