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Main Subject - Get a Life and Leave the Strife
There is a silent revolution creeping across the landscape of Australia where men and women are waking up to the realization that’s there more to life than corporate commitment and the myth of shareholders 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 wealth. Working 12 – 15 hour days Australia is rapidly approaching the label of the western world’s workaholic nation. Australia is not alone with most developed nations in the grip of this problem. Peo ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in le are burning out and the trappings of wealth have started to loose there attraction. Would you believe it! When you analyze shareholders wealth this usually equates to the chief executive officers of th lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. company increasing their pay packet while the ‘shareholder’ receives little extra in return. Why are we so foolish to wrap ourselves in the deception of ‘corporate rationalism’ While it is true that we n here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ed finance to live, how much is enough? People are so busy working for the corporation that they fail to notice as the clock ticks by and suddenly they find themselves redundant, expendable, old and unabl d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro e to enjoy the trappings of success! There is an emerging trend as 70,000 Australians each year leave corporate life and the stresses that accompany it to move away from the city and embrace a life that i 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 cludes time to relax, time with their partner, children and stepping off the crazy merry-go-round. This is happening in an environment where the western world is rapidly experiencing an ageing population 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 a skills shortage. This poses a dilemma for corporations. Its time for a reality check, for corporations and government to take notice and be serious about quality of life! Much of our societal proble nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically s can be put down to a variety of expediencies and stresses. Look at the evidence; increased medical costs, bullying and harassment escalation, an increase in mental illness, the break-down of parents and 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 their children, governments with funding problems unable to meet the growing demands for services. Take a simple test and see if you have a life. 1. Do you work longer than 50 hours per week (this includ ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi s networking etc) 2. Is your thought life preoccupied by work? 3. Do you have difficulty sleeping at night? 4. Do you find it difficult to switch off and engage your partner and family? 5. Is work an e ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a cape mechanism for your problems? 6. Have you ever earned that ‘magic amount’ that you told yourself would set you up for life? 7. How much time do your spend each week in genuine non work related activi dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod ies? If you answered at least 3 of these truthfully then you are well on your way to overwork, health problems and a diminished quality of life; or so the experts tell us. Take an Inventory of your life; cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin where am I going and what do I really want, what is really important to me. Make changes before time runs out. You do not need to live in regret! Corporations; prove that your human resources are your m tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen st valuable assets by how your work them and treat them. No more lip service! Having been a recovered workaholic I can attest that there is life after corporate life and work. You may loose money and pos 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 essions but you gain what you always wanted; quality times with your family, happy memories as you grow older, time for relaxation and refreshment and slowing down to appreciate the small blessings of life ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust It takes courage to admit our failures and to be honest and make changes but you will be among a growing band of people who have made the change. Your will be rewarded! Take the following steps. 1. Be y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products determined to escape the rat race 2. Plan your exit on your grounds and at your timing 3. Don’t procrastinate (you will always see you could do with more money) 4. Be deliberate in your planning 5. Tak . 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 steps take courage and take action. Remember: no person on their deathbed wished they would have worked harder. Research shows that most people regret they did not take time for their family and themselv elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip s. Don’t be a corporate statistic – the price is life - YOURS Visit www.biz-momentum.com for other helpful articles. Drop us a line with your story 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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