Answers - Business

To succeed in today’s global marketplace, companies must hire the best and the brightest. Having talented

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

employees can make the difference between success and failure.

Job hunting in this new economy is competi

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

Examples of combination products may in

ive, dynamic, results-driven, and requires your best efforts. In the past, jobs and careers were permanen

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

t, stable, and predictable. Today all of that has changed. Jobs, careers, and the world of work are trans

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

ent, unpredictable, and involve risk. If you want to be successful, you have to take smart risks, know the

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

Combination pro

rules, and play by them.

To set yourself apart from the competition, follow these job-hunting tips for

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

he new economy:

1. Know what you have to offer. What are you selling? What specific skills, experience, a

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

nd knowledge do you bring with you? The question employers want answered is: “What can you do for my org

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

nization?”

2. Create solid marketing materials and package them well. Does your r?sum? present specific a

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

ccomplishments, complete with results that demonstrate what you can do for a potential employer? If not,

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

hy not? Is it clean, neat, and easy to read?

3. Make it easy for employers to hire you. Think about a var

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

Following aspects would a

iety of options that could work for you and the employer. Keep an open mind about when, where, and how th

dd to the challenges in developing combination products:

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

work could be done. Cutting off the discussion too early can result in lost opportunities. Whereas maint

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

aining an ongoing conversation can lead to innovative solutions that suit both parties.

4. Take the initi

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

tive in selling your services. Let people know what you have to offer. Give employers a reason to talk wit

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

h you; they need to know the benefits that hiring you will provide them. Be prepared to offer that inform

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

Professional from academic institutions, pharmaceutical industries, health care indust

tion, even if they don’t ask for it.

5. Think about the employer’s needs, not your agenda. Never mind yo

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

ur agenda (getting a job), think about their agenda (solving a problem). What problem are they trying to so

.

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

ve? Describe how you can help. Then follow up, follow up, follow up.

Apply these job hunting tips and you

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

Companies that provide selfless information through particip

are sure to set yourself apart from the competition, shorten your job search, and find the work you love

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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Magazines are just like newspapers that are intended to provide significant information to the readers. However, what makes it different from the newspaper is the fact that magazines are often issued every week, or twice a week or every month.

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Answers - From The WorkWise Collection: Job Hunting in the New Economy

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