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You’re on track to land your dream job. But can you afford it?

Knowing how to handle the money question plagues

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

job seekers. Especially if you’re exploring an opportunity that looks very promising.

You don’t want to jinx t

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

Examples of combination products may in

he situation by prematurely asking about the salary. On the other hand, if they can’t afford you, you don’t want

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

top waste your time pursuing a hopeless employment goal.

Before you even go to an interview or first meeting wi

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

th a decision-maker you MUST avoid the compensation pitfalls that can derail your good intentions. Here are the

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

Combination pro

ost serious mistakes to avoid.

1. Failing to do your homework. Gather all employment and compensation informati

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

on you can before you go on an interview.

2. Jumping the gun. In the interest of not wasting your time if they

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’t afford you, you decide to pose the salary question right up front. You just lost all negotiating power . .

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

. and probably a job offer.

3. Not taking the time to show the value you bring to the organization. No one wil

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

l offer you a job or enter into salary negotiations if they can’t see how you can contribute. It’s up to you to

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

ake sure they see very specifically how you can make s difference.

4. Lowering your expectations. If an offer i

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

Following aspects would a

s made at a lower level than you expected, don’t take it or leave it. Negotiate it. Tell them you’re thrilled t

dd to the challenges in developing combination products:

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

hat they think enough of you to offer you a position. Now you want to take the time to consider it in light of o

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

ther opportunities you’re looking at. Then set up a time to come back.

5. Failing to be flexible. Your goal an

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

d that of your prospective employer may be quite different. Your objective is to find out what triggers their in

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

erest in you, and then find ways to accommodate them.

6. Losing patience. This usually results in discouragemen

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

Professional from academic institutions, pharmaceutical industries, health care indust

t of abandonment t of an opportunity because they’re not responding according to your timetable. Always ask what

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

their timetable is for making a decision. The go out and pursue a couple more opportunities.

Landing the best

.

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

job for you requires careful preparation. It doesn’t happen by chance. The best position for you allows you to s

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

Companies that provide selfless information through particip

elect your next job rather than settle for it. Avoiding the pitfalls is a first step to your job search success

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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