Advice You - Business

Being unemployed can lead to depression. I remember being concerned that when my husband became unemployed he would become depressed. Once you beco

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

me unemployed several things could go through your mind:
1) you could think it was your fault you no longer have a job;
2) you are worthl

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

Examples of combination products may in

ess;
3) you are causing your family to incur debt;
4) think no one will hire you; and
5) you have no motivation to go and look for

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

job.

You sit at home and these thoughts bombard your mind over and over. The more you focus on these thoughts; it can lead you to become depresse

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

d. What can you do to pull yourself out of this depression?
1) look at your accomplishments prior to losing your job;
2) believe that you

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

Combination pro

can do better than before you lost your job;
3) research your local paper, contact colleagues and find out if there are in leads on jobs in yo

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

ur field;
4) begin networking which might be new for you. I remember I had not really experienced networking in one particular job I had becau

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

e of the nature of the job. One I lost that job and had to start over, I learned all about networking.

You have to change your mind set about your

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

situation. See it as an opportunity to do something different as well as putting new foundations in place. While you are unemployed put some syste

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

s in place that will lead to success.

One of the areas that you will have to adjust is your finances. How do you spend your money? Are there items

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

you can cut out in order to save money? When people work outside of the home, they eat out a lot for lunches. Now that you are unemployed, develop

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

Following aspects would a

a menu plan. This will reduce the amount of times you go out to eat on a weekly basis. Maybe you and your family were eating out a lot. Once you d

dd to the challenges in developing combination products:

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

velop this menu plan, you could see the benefits of doing this long term. The additional bonus to this is once you return to work, you will see how

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

much you have saved and could potentially continue to do this.

Another item that could save you money is reducing the number of times you go out

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

o the movies. Going to the movies can be expensive for two people as well as a family of four. It would be cheaper to buy a DVD once the movie come

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

s out or rent the movie. It is not necessary to see it when it first comes out. Could you take that money and put it towards something else that yo

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

Professional from academic institutions, pharmaceutical industries, health care indust

need.

Earlier I mentioned networking. Try to plan to network on one day and maximize your time. For example, if you see several groups on one day

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

then that will save you time and reduce the amount you are spending on gas. Little ways of saving money adds up to a lot over a period of time.

D

.

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

not let your situation cause you to be depressed. Begin making healthy decisions and seek opportunities to fill your mind with the possibilities o

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

Companies that provide selfless information through particip

f new employment, whether you work for someone else or start your own business. Here is your chance to have a fresh start and make better decisions

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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