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Income for paralegals and legal assistants varies, depending on education and training, work experience, geographic location, and the employer by size and

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

type. Typically, paralegals working for large metropolitan law firms earn more in salary and benefits. According to the U.S. Department of Labor in May

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

Examples of combination products may in

2004, “full-time wage and salary paralegals and legal assistants had median annual earnings, including bonuses, of $39,130. The middle 50 percent earned b

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

etween $31,040 and $49,950. The top 10 percent earned more than $61,390, while the bottom 10 percent earned less than $25,360.” In addition to their salar

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

, many paralegals receive bonuses. It is unclear whether bonus reporting was included in the statistics; if not, those earnings would rise even higher.

C

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

Combination pro

ontinuing with the Department of Labor statistics: “Median annual earnings of legal secretaries were $36,720 in May 2004. The middle 50 percent earned bet

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

ween $29,070 and $46,390. The lowest 10 percent earned less than $23,270, and the highest 10 percent earned more than $56,590.”

Thus, by comparison, paral

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

egals have greater opportunity to earn a higher salary than legal secretaries.

Do legal secretaries earn approximately the same as other types of secretar

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

es? No, it is higher. Referring back to Department of Labor compilations: “Medical secretaries earned a median annual salary of $26,540 in May 2004. The

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

middle 50 percent earned between $21,980 and $32,690. The lowest 10 percent earned less than $19,140, and the highest 10 percent earned more than $39,140.

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

Median annual earnings of secretaries, except legal, medical, and executive, were $26,110 in May 2004.”

Let’s compare the median annual salaries:

Parale

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

Following aspects would a

gals - $31,040 to $49,950
Legal Secretaries - $29,070 to $46,390
Medical Secretaries - $21,980 to $32,690
Secretaries (Except Legal, Medical

dd to the challenges in developing combination products:

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

and Executive) - $26,110

Which type of position is more attractive based on salary?

It is highly advisable for young people to earn college educations.

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

Competition for jobs is fierce, and particularly with current technological advances, higher education is just plain required to land career jobs. Players

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

in the game of Life who go straight to work rather than the college route, in reality, may wind up with dead-end jobs and victims of the saying, “he worke

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

d until the day he died.”

With paralegal salaries registering at a higher rung than the other office positions, it is reasonable that legal assistants wou

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

Professional from academic institutions, pharmaceutical industries, health care indust

d more than likely require the most education and training. Employers hiring any of the above positions may consider candidates with general course work,

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

but specialized training would naturally be given greater consideration. Specialized training suggests a new hire will pick up the work ball already runni

.

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

ng. This may also be less costly to the employer during in-house training.

Explore your opportunities for higher education, and consider a career as a pa

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

Companies that provide selfless information through particip

ralegal. Salaries are good. The work is interesting. With advancement potential, a paralegal career is an excellent choice. Is it the right one for you

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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Digg It - Paralegals and Secretaries – An Exploration of Earnings

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