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Business Articles - The Difference Between a Job and a Career
It is estimated that the average worker will have 14 jobs in his or her 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 working lifetime. It is no longer a bad thing to change jobs. But that d ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in esn't mean you should wander aimlessly from company to company. If you k lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. ow the difference between a job and career and think long-term, you will here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe prosper wherever you go. A job is:
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ctivity performed in exchange for payment 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 is currently employed.A career is:
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 chosen pursuit; a profession or occupation. nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically r progression of one's working life or one's professional achievements o 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 er time Bottom line: your job is what you ar ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi doing today. Your career is what you’ve done over the past years and wh ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a t you plan to do in the future. So when you think “career”
dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod g>, you have to think long-term. And when you think long-term, you begin cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin to realize the following:
tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen thing you do needs to have a good reason behind it 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 ake good decisions ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust What you do today determines your tomorrow y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products lly haunt you for a long time You should pay serious attentio . 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 to this “career” thing. Your job feeds you and your fa elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip ily today. Your career will feed you and your family tomorrow and beyond 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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