Advice Pool - Business

1. Do What You Love.

Have you ever noticed we usually love to do the thi

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

ngs we're best at? So what's your strength? Discover your passion and exc

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

Examples of combination products may in

l at what you do.

2. Create Work/Life Balance.

It really can be done wi

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

h a little planning and prioritizing. Professional, Personal, Physical, F

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

inancial and Spiritual needs should be considered when palnning a life of

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

Combination pro

purpose, satisfaction and success.

3. Manage Your Career.

Pay attention

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 industry and market trends and be proactive in making the changes need

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

ed to be a key player in your field.

4. Add To Your Skills and Further D

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

velop Your Abilities.

It takes competency in technical AND soft skills 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

stay ahead of the pack.

5. Get the "4 C's" of professional happiness.

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

hen there is a good fit between you and your company in Culture, Chemistr

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

Following aspects would a

y, Competencies and Compensation, mutual opportunities will abound.

6. B

dd to the challenges in developing combination products:

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

ild a strong network.

There's no better way to stay informed, connected,

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

and professionally known.

7. Stay Flexible.

You have to be able to bend

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

without breaking in today’s fast-paced work environment to succeed. Alwa

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

s develop a few "just-in-case" plans to keep in your hip pocket to proact

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

Professional from academic institutions, pharmaceutical industries, health care indust

vely adapt to change.

8. Learn to love change.

Ok, so maybe "love" is a

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

little strong, but those folks who can adapt best, win

9. Demonstrate 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

e difference between being busy and being productive.

10. Always work wi

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

Companies that provide selfless information through particip

h integrity and honesty providing impeccable follow-up and follow through

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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