Advice You - Business

A wise man once said that time is the greatest gift in the world. And how true it is. Few of us have enough time to get everything done that we think is impo

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

rtant. This article will explore how we can make the best use of the time we have available.

First of all, the good news. If you feel that you are not a goo

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

Examples of combination products may in

manager of time, it is possible for you to improve. Time management, like many other things in life, is a skill that can be learned. Some of the best leader

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

s have reached the pinnacle of their careers, in part, by focusing on how they use time and how their use of time could be made more efficient.

Here are some

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

oncrete tips which will help you make better use of your time.
• Spend five minutes at the beginning of every day making a list of things that “must” get

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

Combination pro

done and a second list of things that “should” get done. The “must” list contains items that are directly connected to your personal or professional success…l

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

fe will be even more difficult if you don’t get them done today! The “should” list contains tasks that can wait until after all the “must” do tasks are comple

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

ted. Both lists should be prioritized from most important to least.
• Schedule everything. Realistically think about the time that each and every ta

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

k ought to take and make an appointment in your calendar to do that task. Lots of times we make a list of the small tasks, like telephone calls, without think

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

ing about how much time they will take, only to learn that we used up most of the morning completing what seemed like a series of 3-minute chores.
• Take

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

he time to plan. While most of us know about how we will spend every hour of a two week vacation, very few of us have a plan for the other 50 weeks of the yea

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

Following aspects would a

r. Having a plan makes it possible for us to be less confused about what to do next; we can prioritize the use of our time and the work that must fit into it.

dd to the challenges in developing combination products:

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

br> • Planning makes our lives more efficient. The few minutes that establishing a plan-for-the-day involves allows us to see tasks that can be accomplished

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

on the same trip downtown; it enables us to see tasks that could be more easily completed by someone else in the family or on our work teams; enables us to ide

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

tify tasks that are inconsistent with our goals and action plans for the day.
• Make sure that those items you want to get done today, really represent

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

your priorities and your values and not those of someone or something that is no longer important to you.
• Not everything that you need to do will be p

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

Professional from academic institutions, pharmaceutical industries, health care indust

easant. Get the tough stuff done first. That will free your mind and give you more confidence to approach the challenges that are held later in the day. E

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

.M. Gray said, “The successful person has the habit of doing the things that failures don’t like to do.”
• Finally, don’t take on the responsibilities of

.

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

others…that puts them in charge of your day and not you. It’s a sure way to feel swamped, when you promise too much to too many.

Stretching the day to 25 hou

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

Companies that provide selfless information through particip

rs is beyond the capability of most of us but as Leonardo da Vinci wrote, “Time stays long enough for those who understand its nature and use it intelligently.

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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Your interview date is set and you are feeling very optimistic. You've thought what you're going to say and you are feeling all prepared. You are confident that you will get the job without too much bother. You know what you need to ask them and how you are going to impress them with your knowledge and skills. Now before you go any further ask yourself these questions about how you will appear:

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