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Digg It - Three Tips to Kick-start Your Management Career
Going from employee to manager is like taking a quantum leap. Sometimes it's the most natural wa
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
y to proceed forward, other times it takes time, patience and a good deal of planning.
Tip No.
Tip No.
; 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
1: Look forward.
There are many opportunities available to you, but you may not be able to see
There are many opportunities available to you, but you may not be able to see
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
them. That's because opportunities normally aren't there unless you manufacture them. If you wan
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
t to move into management you'll have to understand how you can better contribute to a company i
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
n a management role. Knowing yourself is the key here. You may be a whiz-kid in your department,
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
but will you be a good manager? Your technical knowledge and expertise may win you that managin
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
g role, but is that what you really want?
Tip. No. 2: Understand the future.
What seems like a
Tip. No. 2: Understand the future.
What seems like a
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
good place to be, may not be once you get there. The industry changes all the time and by the t
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
ime you win your promotion you may find that the 'next big thing' has shifted and moved in anoth
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
er direction. To avoid missing the boat, research your industry, speak to managers, read the pap
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
ers. Always stay on top of any new developments in your field of expertise. Figure out where the
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
future lies and then strategize on how to achieve a promotion in that direction. You strategy m
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
ay include more study or training. If so, there's no time to waste.
Tip No. 3: Build a people n
Tip No. 3: Build a people n
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
etwork.
Don't be shy. Talk to people. Management is 90% people-related. It's about communicatin
Don't be shy. Talk to people. Management is 90% people-related. It's about communicatin
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
g and building relationships. Talking also reveals how passionate you are about your job. In mos
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
t cases, it isn't enough to just be good at your job. People need to know that you are good at y
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
our job and people need to like you being good at your job. And it's not just enough that your i
.
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
mmediate boss likes you, but your boss's boss and other departmental bosses need to like you, to
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
o. To step up into management you need to have a reputation that precedes you. So, start talking
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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