Advice You - Business

You've read all those job description want ads on the internet - is there really a person who has ALL those qualifications? Can they possibly exist?

How about YOUR qualific

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

ations for the COMPANY? Do you want to work for them? Have you ever fully qualified an organization before pursuing a career option with them. Or have you just settled for a job?

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

Examples of combination products may in

Here's a basic primer on how to make a choice for a career where you will strategically and uniquely fit.

Are your functional strengths valued by the prospective organizati

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

n? Objectively look at your functional strengths, these are core skills to build a career upon. If you said you have a great glove hand, but don't throw well, then 3rd base isn't

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

n option! Try 1st base, or cricket, or bowling, or…

Next, can you use your experiences outside the workplace to differentiate and dimensionalize you versus your competition -

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

Combination pro

hat is, what makes you different than the 23 other world class first basemen? Competitive edges begin to surface here.

Are your educational capabilities and special training impor

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

ant criteria on determining where you will fit?

Next, what are the practical parameters:

o Where are they located

o What is the atmosphere of the work environment

o Do

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

they pay within the range or top or bottom

o Is there benefit structure competitive

o Are there travel requirements consistent with your ideal levels

Do you know what your marke

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

worth is and have you ever successfully negotiated your compensation…prepare for the inevitable outcome of a proactive and engineered search.

Do you know how to identify trig

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

ers that signal the beginning of the hiring process? This skill is essential in finding the best and most suitable position for you at this point in your career. More important,

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

y identifying opportunities before they are advertised you'll speed ahead of your competition and save the company money!

Now, let's explore the really tough criteria:

Wha

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

Following aspects would a

level of growth do you want/need to sustain over the next 7-9 years? It takes most "mortals" about 5 years to fully establish their credibility, influence and capability - and ca

dd to the challenges in developing combination products:

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

italize on them in a new organization. While you may go in with title and responsibility, you've got to earn the relationship, internally and externally, to engineer in long-term grow

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

h and stability.

What are your core values and the prospective organization, these are the biggest predictors of longevity - if they are in alignment:

o Their and your view o

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

f Business Model

o Their and your view of Performance Measures

o Their and your view of how employees should be treated

o Their and your view on community responsibility

Are th

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

personalities of the group compatible with you? The chemistry between people has to work.

Define the risk factors that are important to you and your family...equity role,

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

Professional from academic institutions, pharmaceutical industries, health care indust

commission/performance based compensation, all of the above or none of the above; turnaround scenario or emerging company…relevant factors you need to know to make a reasoned decision

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

for your future.

Is this company and opportunity something you can be passionate about - you spend 40% of your waking hours doing the work - will you like it or love it? On Su

.

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

day evening will you be genuinely excited about the next day?

So, the company has a WISH LIST and after following the primer above you'll have a WISH LIST, too. Hold the organ

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

Companies that provide selfless information through particip

zation against your list and see if they measure up to your standards first. Using these factors will yield opportunities that are targeted to your unique shape. Don't settle for less

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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Advice You - How to Avoid 'Settling' for a Job

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