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Digg It - What Are You Worth
My millionaire mentor taught me another way you can quickly increase your i
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
ncome is to find out what are you worth. Let’s say you work for one company
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
Can you go out and look for more job options with other companies? To be i
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
n a stronger position to negotiate what you want to have is at least 3 or m
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
re alternatives where you could work.
If you had 3 or 4 companies that wou
If you had 3 or 4 companies that wou
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
d be interested in your services (you would have to go out and investigate
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
that and find out what you are worth), then you can go back and negotiate w
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
th your current employer – “look I’m considering leaving. I believe I’m wor
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
th this amount of money and this is what I’m prepared to do to add value th
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
t makes me worth that amount of money, and this is the money I would like t
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
be compensated for doing this. I’d like you to consider that.
“Now as lon
“Now as lon
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
g as you are committed to adding value and you communicate that effectively
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
then what you will find is the company suddenly realizes the value you add
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
and how hard it is to replace you. Remember your boss is never usually goi
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
g to walk up to you and say I’m going to give you a pay rise today. You nor
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
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
ally have to ask for it, but to get something you must first give so you mu
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
st put a plan to them that’s going to provide evidence to why they should p
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
y you more.
It’s not until you are willing to leave that they realize how
It’s not until you are willing to leave that they realize how
.
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
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
valuable you are and they are willing to pay you more. This has happened so
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
many times so if you apply this strategy, you could be pleasantly surprised
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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