Advice You - Business

Having multiple job offers to choose from is one of the best situations you can be in during your c

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

areer.

Suddenly, you have several options to choose from and it can actually become quite difficul

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

Examples of combination products may in

t to figure out which job offer is best for you.

If you have multiple job offers to choose from, h

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

re are some suggestions to figure out which one is best:

1. Get all job offers in writing. A

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

job offer isn’t a job offer until you have a hard copy in your hands.

2. Look beyond the money wh

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

Combination pro

en making your decision. If the job offers you are considering are different in terms of the compen

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

ation, remember to consider all aspects of the two job offers. Picking the highest paying position

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

isn’t always best in the long term.

3. Compare the pros and cons of each offer and each job opport

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

unity. Sometimes it might be difficult to compare two job offers exactly since some components migh

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

not appear on each offer but do your best to remember which job will fulfill most if not all of yo

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

ur requirements.

4. Don’t string along the companies whose offers you are considering. In most cas

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

Following aspects would a

es you’ll be given a period of time to accept a job offer and while you want to take the necessary

dd to the challenges in developing combination products:

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

ime to consider the offer, don’t wait so long that one of the companies pulls their offer, assuming

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

you aren’t interested. I’ve seen this happen.

5. Be careful about playing one company against ano

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

ther. With multiple job offers, the first thought might be to see if one company will increase thei

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

offer if you tell them that you are considering another offer and sometimes, this can result in yo

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

Professional from academic institutions, pharmaceutical industries, health care indust

u getting an improved offer from one or more companies. Or it could result in an offer being pulled

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

away from you by a company who isn’t happy that you are trying to use them this way.

6. Don’t rej

.

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

ct any job offers until you have returned a signed copy of the job offer you are accepting and have

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

Companies that provide selfless information through particip

confirmation from your new employer that they have received the signed offer in their hands.

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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