Advice You - Business

Have you lost any good employee talent recently? Was it necessary to lose them? Why did they leave, was it for a better opport

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

unity or because your organization needs a serious look at the way it treats is most valuable asset, it’s people.

Granted that

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

Examples of combination products may in

uring a person’s career, regardless of their expertise and experience, sooner or later people move on. It is a fact of corporat

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

life. Presidents leave, managers leave, salespeople leave and administrative support staff leave. They leave for many reason

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

s.

-They are bored.
-They don’t feel appreciated.
-They feel like they are worth more than you are paying them.

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

Combination pro

> -They are tired of the corporate BS and politics.
-They no longer believe in the mission or purpose of their organizatio

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

.
-They are tired of working for incompetent or selfish managers.
-They have been offered a position that is more in l

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

ine with their career path objectives.

There are others.

Here’s the problem. When you invest time and resources in an emp

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

oyee and they leave before you get a chance to re-coop your investment, you have to start all over again with another new employ

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

e. When you lose a good employee this is also true but other employees may wonder why they are staying?

The major problem with

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

losing good employees is just replacing them with a body, someone who can or will do the job but may not be a stellar employee c

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

Following aspects would a

ontributing to improved effectiveness and performance.

The other problem is that good employees tend to leave before the bad on

dd to the challenges in developing combination products:

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

s. The good ones know they can and will find a better position that is more rewarding and challenging. The bad ones may tend t

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

‘hide-out’ in the organization for years. You don’t have to be a rocket scientist to quickly grasp that if you keep losing you

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

r best employees and your worst ones keep staying that sooner or later your organization is going to be made up of a bunch of po

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

r employees. Do you think this situation will have any impact on your overall effectiveness, performance, profits and future su

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

Professional from academic institutions, pharmaceutical industries, health care indust

cess?

Want to keep your good employees longer? There is a solution and it is really quite simple

-Treat your employees wit

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

h respect and trust.
-Listen to them.
-Compensate them fairly.
-Communicate openly with them.
-Develop and t

.

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

ain them.
-Validate them.
-Accept the fact that sooner or later everyone leaves, so send them on with your blessings.

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

Companies that provide selfless information through particip

There’s more but if you will do just these I guarantee that they will stay longer giving you a better return on your investment

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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