Main Subject - Business

It happens to everyone. There are very few employees around who have who have not been let go from a job . . . o

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

r who haven’t wondered about it.

It’s important to understand what can and should happen if and when you get fir

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

Examples of combination products may in

d. After all, it’s not the end of the world no matter how painful. There is a life after being let go.

Here ar

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

five firing procedures you have the right to expect:

1. You should be let go in private, not in front of your c

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

o-workers. This should take place in a room away from someone overhearing. It’s bad enough being let go or fire

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

Combination pro

without the rumor mill grinding away over your misfortune.

2. The HR rep or your boss should make it quick. It

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 to your advantage for them to be clear that a firm decision has been made about you and there is no uncertainty

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

or room for negotiation.

3. If it’s a layoff and not a firing based on performance, management should let you k

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

ow this is a business decision. If it’s a firing based on performance, they should provide documentation.

4. Ma

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

agement should keep it cool, no matter how upsetting it is to you. They shouldn’t react to your distress except

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

ith compassion. This is not a time for confrontation on either side.

5. Management should outline what support

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

Following aspects would a

you can expect. For example, if they are offering a severance package, it should show how it can contribute to h

dd to the challenges in developing combination products:

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

lping you find a job elsewhere. In any case, you want to be provided with written references (unless your employ

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

ent has been a disaster.)

Suddenly being out of job can be devastating. Especially if you have others depending

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

on your income. So it becomes very important to start picking up the pieces as soon as possible. This has the e

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

fect of getting you past the hurt as soon as possible. Plus it gives you a plan to start working on.

Finding a

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

Professional from academic institutions, pharmaceutical industries, health care indust

ew job becomes your full-time new occupation. Having a carefully thought job search plan of action is very healt

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

hy because it doesn’t give you time to grouse about your bad luck.

The good news is there is an excellent progra

.

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

that can have you entertaining job offers in as little as 14 days. You can be face-to-face with your next boss

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

Companies that provide selfless information through particip

n a matter of days. Having a track like this to run on goes a long way to removing the sting of your recent loss

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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A summary of business plan basics you need to consider and incorporate into your plan: executive summary, mission and vision statements, company description, products and services.

Accounts receivable is one of a series of accounting transactions dealing with the billing of customers who owe money to a person, company or organization for goods and services. This is typically done by creating an invoice, then mailing or delivering it to each customer.

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