Advice You - Business

While some employees fear lay-offs, often my clients find themselves in the happy position of accepting a new job and saying good-by to a current employer. Surprisingly, many adm

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

it they’re nervous about telling a current boss they’re leaving.

And if you've held the same job for a long time, you may be wondering how to resign gracefully yet still protect

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

Examples of combination products may in

your own longer-term career interests.

1. Give the exact amount of notice required by your company policy – and no more.

Every so often someone feels sorry for the compa

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

ny, so they stick around an extra week (or even an extra month). Inevitably, they begin to feel like a fifth wheel.

2. Do not accept any job-related calls after you leave unle

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

ss you have a written consulting contract.

The amount of notice required should have been determined as a business decision: the cost of paying an employee who will be depa

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

Combination pro

rting versus the benefits of keeping the employee’s knowledge.

If your manager miscalculated, then he needs to bear the cost. If your company needs additional help and you do not e

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

xperience a conflict with your new job, I suggest you offer to work as a paid consultant with a contract.

3. Study your current and future company policies regarding disclos

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

ures and no-compete agreements.

Some companies are extremely proprietary about their process and their people. Once you resign, you may have to leave the workplace immediat

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

ely. Or your new company may prefer a complete break from your former employer.

4. Resign to your boss in person, if at all possible.

Phone is second best. And tell the b

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

oss before you tell anyone else – even your best friend or golfing buddy.

5. Expect your boss to be professional.

Clients often fear the boss’s reaction. However, bosses r

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

arely are caught by surprise. Good bosses are happy to see their employees move ahead. Thank her for the opportunity to learn, which has led to your newest and most wonderful

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

Following aspects would a

career move.

6. Thank your boss and your coworkers, even if you hate everybody and can’t wait to leave.

You may regard them more fondly through a haze of memories than a

dd to the challenges in developing combination products:

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

glare of office lighting. And you know you’ll need references and goodwill.

7. Decline a counter-offer.

Recruiters consistently tell me, “Sixty percent of those who accept

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

a counter-offer are gone in six months.” If you do decide to stay, get a written job contract.

Exception: A few companies and industries actually demand proof of an outside o

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

ffer before offering you any kind of internal raise or reward. College professors often work in this environment.

8. Treat the exit interview as a business formality, not a ther

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

apy session.

When a Human Resource professional asks why you are leaving, be upbeat and positive: “for a better opportunity.” Talk about how much you loved the company and

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

Professional from academic institutions, pharmaceutical industries, health care indust

your job. You never know where your comments will turn up, mangled and misinterpreted.

9. Resist entreaties to share the details of your future position with anyone.

Oc

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

casionally someone will try to assess your salary or other information “so we can stay competitive in recruiting.” Helping your company recruit is not part of your job and anyway,

.

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

do you really believe this?

10. Focus on your new opportunity – not your past company.

Once you’re gone, you’re history. The very same folks who loved meeting you for lun

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

Companies that provide selfless information through particip

ch will barely remember your name a week later.

Finally, if you haven’t changed jobs for awhile you may be in for a shock. Your first day in a new position can be a real eye-opener

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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