Advice You - Business

There's an old saying that if a person works at a job or career that they find unfulfilling, they're simply trading time for money. And since time is our most precious resourc

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

e, your really have to ask yourself if it's a worthwhile trade.

Have a look at this scenario: a person drags themselves out of out of bed on Monday morning, pumps themselves fu

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

Examples of combination products may in

l of coffee, and then drives to their office or other place of work.

They spend the next eight or nine hours performing work that neither challenges them nor fully utilizes th

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

eir talents and abilities. They take breaks, chat with co-workers, go to lunch, drink more coffee, and shuffle a few papers or turn a few screws.

Finally, after what seems an

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

eternity, they clock out and drive home, only to repeat the process all over again on Tuesday.

Does this sound familiar?

If it does, what you need is a "passion transfusion."

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

Combination pro

If you're considering a career change, and you want to do more than just trade time for money, you need get in touch with the things you're passionate about. Then see if ther

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

's a way you can match your passions with a new job or career.

A brainstorming session is a good place to start. Find a quiet place where you can sit and think for an hour or

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

so, and bring along a legal pad and something to write with. Then spend some time writing down everything you're passionate about. Don't worry if it's something you could make

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

a career out of - you'll take time to decide that later.

Some people tell me that they have a hard time thinking of anything other than their family, or their spouse, or their

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

boy or girlfriend. But everyone has something they feel passionate about, they just have to remember what it is. For some people, it's a hobby or activity that they enjoyed wh

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

n they were young. Others are passionate about helping people less fortunate then themselves. Some people are passionate about music, or art, or cars, or fishing, or working

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

Following aspects would a

with kids, or performing in front of others.

Whatever it is, write it down. Write down everything that you enjoy about that activity - how it makes you feel, how it makes you

dd to the challenges in developing combination products:

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

excited, how you lose all track of time when you're doing it. For some people, this is all it takes to re-discover a passion that they'd forgotten they even had.

Now see if the

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

e isn't some way you could find a career that utilizes your passions. Is there a business you could start in your area of interest? If you're passionate about working with kid

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

s, for example, you could start a day care service or work as a tutor. If you love old houses, you could buy distressed homes and renovate them for resale or for use as rental

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

roperties.

Even if you can't find a way to fashion a full-time career out of your passion, maybe you could start a part-time venture and build it in your spare time. Many succ

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

Professional from academic institutions, pharmaceutical industries, health care indust

essful businesses were begun on shoestring budgets in people's garages or basements.

Now your ideal or "dream" career should be about more than just your passions, of course.

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

any people are passionate about hang gliding, but you might have a hard time making a living at it. And you need to consider your core values, your talents and abilities, your

.

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

motivations, and your family when choosing a new career path.

But passion is a good place to start. And if you have to start out by pursuing your new career path in the evenin

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

Companies that provide selfless information through particip

s or weekends, so be it. Just make sure you clear it with your family first.

After all, if it's your passion, it won't feel like work, will it? And isn't that the whole idea

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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You know in reviewing the Enron 401K program there was nothing wrong with it. The only real negative was that they had to hold the matching funds until age 50. The program had lots of options and it was structured great. Actually it was a model program for a modern day corporation.

The Federal Trade Commission is working through the necessary changes of law to protect the consumer and be fair to business owners in the franchising industry. Unfortunately as with most all regulatory agencies whenever they wish to make rule changes they have meetings to discuss it with the industry, but the lawyers all show up and take over the process.

Many employees do not wish to work hard; some are disillusioned and others feel the pay and benefits are substandard. Indeed although the unemployment is below 5% some feel that they are under employed.

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Advice You - Considering a Career Change? Discover Your Passion First

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