Main Subject - Business

With outsourcing expected to switch to high gear in the coming years, many employees ask the question of how they can a) survive and b) su

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

cceed in this global competition with low-wage countries like India or China.

Often people most concerned about outsourcing and global wo

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

Examples of combination products may in

kforce competition are well educated. They worked hard to get where they are today and were hoping to have some sort of job security due t

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

the level of education and training they have received. But the rules have changed – fast. Also - working hard and putting in a lot of ov

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

er-time to please management is not enough anymore. Yet, here you are stuck in a job facing to be outsourced sooner or later to some low-w

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

Combination pro

ge country. What else can you do to make yourself more competitive?

Let’s face it. If your employer wants to outsource certain pieces of

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

ork there is usually not much you can do in regards to your specific job. A call-center representative will not save her job by answering

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

20 more calls a day. Sooner or later the job will be moved somewhere where labor is cheaper and laws eventually are less favorable for emp

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

oyees.

Employees need to start looking at becoming more aggressive when it comes to career success. This also means to move up and forwar

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

more often. This can happen within in the same company (moving up) or outside of the company currently working at (moving forward). The w

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

rk environment as we know it will change even faster over the next years. Trying to stay ahead is the goal and eventually moving on when t

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

Following aspects would a

he first signs of outsourcing are visible. College graduates will have to expect to learn 4-5 different professions at least before reachi

dd to the challenges in developing combination products:

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

g retirement age. Stable industries of today, can be risky to work in tomorrow.

The successful employee of the future will be more aggres

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

ive when it comes to compete with other co-workers and when it comes to play the right cards in the game of managing career development. L

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

oyalty to a company is great. Loyal employees are very valuable assets for a company. But loyalty from the business to its employees only

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

oes so far the cash flow is positive and profits are. The employers have changed the rules of loyalty when it comes to making an additiona

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

Professional from academic institutions, pharmaceutical industries, health care indust

buck via outsourcing. “Sorry for interrupting your own American Dream, but we have to lay you off due to market conditions” (meaning: we

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

can hire 5 people in India for the same money we pay you alone) – this will happen more often.

The successful employee of the future will

.

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

have to reconsider how far his loyalty goes and when it is time to give the employer “the boot” (leaving for a better opportunity). Being

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

Companies that provide selfless information through particip

mployed with the same company for 30-40 years is a thing of the past. The new numbers for loyalty to an employer will rather be 5-10 years

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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Why is it that in some situations, our personal performance is so good while in others we struggle and cannot seem to get into the groove where we do our best work? Is it because we forget, from one day to the next, the important details of our profession or what it takes to excel? Of course we all know that this is not the reason we sometimes follow up a great personal performance with one that leaves something to be desired. The answer to these questions lies more in the inconsistent application of basic mental skills that underlie our ability to perform – whether the performance is in the boardroom, on the sales floor, or on the golf course!

Christmas parties are a great time to get everyone together, and have a great time, imbibing massive amount of liquor, destroying piles of food, and dancing enough to kick up a storm. When it comes to setting the party up, there is the debate of whether to let the guests sit down and be served, or to give them a buffet line.

When it comes to being successful on or off the internet, it's all in the Advertising! We've all seen this hold true with so many products. If you can capture a large audience with a simple idea or a New and Improved product, you can amass an enormous response in a very short period of time.

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