Advice You - Business

For many new high school graduates (and those approaching graduation) the question looming in y

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

our mind is whether you should go on to college, or jump right out into the workforce.

It's a

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

Examples of combination products may in

confusing time. And you are bound to get all kinds of different answers from different people.

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

This only adds to the confusion.

So what do you do?

Well, everyone is different, with varying

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

goals and desires, so it's impossible to give an answer that fits all. But let me go over the b

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

Combination pro

enefits of one possible course of action:

Work a while, and then go to college.

Again, this i

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 not the answer for everyone, but let's explore this option a bit anyway.

Many young adults j

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

ust don't know what they want to do when they finish high school. They have been forced to go t

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

rough years of unending primary and secondary education, and that's about it. They understand t

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

hat once school is finished, there's this thing called work that is going to consume them for t

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

he rest of their lives; they understand that Mom and Dad aren't going to take care of them fore

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

Following aspects would a

ver...but what do most of them REALLY know about working for a living?

How can they make an in

dd to the challenges in developing combination products:

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

ormed decision about what sort of work to throw their energies into before they've really had a

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

chance to feel what it's like to work?

If you work for a couple of years, and actually experi

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

ence the realities of trying to make a living and support yourself, you might:

1) stumble onto

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

something you can become passionate about

2) discover what you definitely DON'T want to spend

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

Professional from academic institutions, pharmaceutical industries, health care indust

the rest of your life doing and be able to go on to college with the resolve and determination

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

to do what it takes to avoid that sort of life

Also, working for a few years before college mi

.

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

ght:

A) help you save money for college

B) make you more mature, so that you can contribute m

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

Companies that provide selfless information through particip

ore in classes and get more out of them

Whatever you choose to do, I wish you luck and success

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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