Advice Pool - Business

You say you want a new career, you say you want to start your own business, you say you'd

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

love to be a freelance writer and travel more but are you serious? Can I really be

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

Examples of combination products may in

ieve you? Are you investing in your dream?

When you want something badly enough, you're

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

illing to work hard, make sacrifices, and invest in your dream.

Most people who've made a

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

career change didn't have lots of money from which to draw. They simply made the choic

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

Combination pro

to find the money they needed to make the change they always dreamed of making

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

To see if you are willing to do what it takes to do work you love, follow these steps:

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

1. Ask yourself the following, "Am I willing to invest what I have in my dream job?

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

Am I willing to change how I currently spend money so that I may have more of it to put 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

ward my transition?" Yes or No? If you answered "no" to these, you’re not ready to move

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

head with a career change. Give yourself a break and focus on something else that you fee

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

Following aspects would a

more ready for at this point. If you answered "yes" to these, read on.

2. Write down

dd to the challenges in developing combination products:

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

all of your expenses. Track every dollar you spend to have a clear picture of where y

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

ur money is really going each month.

3. Prioritize. Look at each expense and ask

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

yourself, "Would I rather have this or a new career?" See what big and small sacrifices y

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

u can make. That salon brand shampoo is nice but would you rather it or a new career? Th

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

Professional from academic institutions, pharmaceutical industries, health care indust

deluxe cable TV package provides great entertainment but is it worth more to you than a n

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

w career? It's ok if you choose the shampoo or cable channels over your dream. Just be h

.

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

nest with yourself. Stop spending money on what you could live without and start putting

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

Companies that provide selfless information through particip

hose funds toward the life you would REALLY like to have!

Copyright 2005 Annemarie Segari

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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The truth about chewing gum pollution. Uncover cost effective methods that will help your conquer the chewing gum pollution plague and fast. Whether you have chewing gum in your home or are a commercial cleaning contractor looking for a cost effective solution to an age old cleaning problem

All opportunities are based on an idea, but not all ideas represent genuine opportunities. Creative thinking refers to the mental attitude of always trying to improve on existing designs, products and services.

To take command of your career means to manage your career and not to rely on others to do it for you. Here are some suggestions to ensure you are retaining control of your career and aren’t being too hands-off.

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Advice Pool - Invest in Your Career Change--Put Your Money Where Your Dream Is

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