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Corporate restructuring – also known as downsizing or rightsizing – is something that many of us have faced in our career and might yet experience in the future (hopefully not…but you can never tell).

I’ve b

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

een a victim of corporate restructuring twice in my career. Twice I was laid off and in the first case, the whole company actually closed down so it was actually more than just an organizational restructuring

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

Examples of combination products may in

but the result was the same: I lost my job.

I’ve also worked for a company that restructured regularly and I was able to survive each and every one of them while others were let go.

A corporate restructurin

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

g essentially refers to when your employer makes changes that typically result in fewer staff and possibly fewer products, plants, divisions, etc in extreme cases.

Over the past few years, corporate restruct

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

rings have occurred because of large mergers and acquisitions where the new combined company decides to shed extra staff and certainly the post Y2K period saw a lot of restructuring as well. Sometimes compani

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

Combination pro

es restructure simply to save money. Other times they use it as an excuse to cut positions that they feel can be done by other existing staff.

Whatever the cause, it basically means people end up losing thei

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

jobs and the people who are left working for the company often end up having to do more work.

Obviously, being a victim of a corporate restructuring is a setback to your career but surviving a restructuring

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

can be equally disheartening especially if you feel that the writing is on the wall and that you might be affected during the next round of layoffs.

Also, after a corporate restructuring you might find that

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

your job and work situation in general is not as desirable as it was before especially if your job, your manager and/or your compensation structure has changed.

Often, surviving a corporate restructuring can

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

leave you even more worried than relieved because you wonder how tenuous your position is with the company especially if you question your company’s future direction and financial viability.

If you have sur

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

ived a corporate restructuring but are worried about your future with the company, don’t get complacent and do nothing because the stress created could start having a negative effect on both your work and per

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

Following aspects would a

onal life.

Here are things you can do to remain positive during times of change at work which will also allow you to move quickly should things deteriorate that require you to take action:

1. Always k

dd to the challenges in developing combination products:

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

eep your resume up to date. Ensure that your resume is always ready to send out in case you need to start applying for jobs should the need arise. Don’t wait to update your resume reactively, do it proactivel

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

. If after a restructuring you have new responsibilities, ensure that they are included in your resume.

2. Keep your eyes open for suitable job openings. Even if you don’t plan on applying for jobs right awa

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

y, just knowing that there are job openings available that fit your background can be motivating and help you keep a positive attitude. It will show you that there are options available to you. If you do need

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

to start applying for jobs suddenly in the near future, you won’t be starting your search from scratch.

3. Remember that surviving a corporate restructuring(s) is an accomplishment! While it’s not always tru

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

Professional from academic institutions, pharmaceutical industries, health care indust

e that the good employees remain employed and only the dead weight are laid off, surviving a corporate restructuring is a feather in your cap. If after a corporate restructuring you were required to do someth

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

ng special to help the company through the change, ensure it’s included in your resume.

4. Where possible, try to get as much information regarding the future of the company and your position. Speak with you

.

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

r manager and see if you can get an idea of what the future has in store for the company and for you specifically. I worked for a company where major corporate restructuring occurred 4 times during the 3 year

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

Companies that provide selfless information through particip

I worked there and when I went to my boss to ask about my status when the restructurings were about to occur, I was told that I was safe which helped to keep me calm during an otherwise stressful time.

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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