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Many women complain that we don’t make as much money as the men we work with, but sometimes we hold ourselves back from making more

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

money. In a study conducted by Carnegie Mellon University, researchers found that women tend to undervalue their work more than men

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

Examples of combination products may in

and often don’t request salary increases when they have the opportunity.

Before you negotiate your next salary increase, you should

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

take time to consider what could hold you back. I’ve heard women tell me many reasons that they don’t ask for more money. Here ar

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

some of the common ones:

1. It’s not “nice” to ask for more money. Some women have been brought up to think that there is somethi

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

Combination pro

g wrong with discussing salaries and are not comfortable with the topic. This is an important skill that we need to learn. We work

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

hard and deserve to make enough money to take care of ourselves and our families, so we need to get used to the idea of discussing m

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

oney.

2. I will be rewarded for my hard work. Hard work is important but it’s not enough. In many companies, managers are so busy

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

that they don’t have time to pay attention to the great work you do unless you TELL THEM clearly what you are doing, how it benefits

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

the company, and how it impacts the bottom line. Look around you. Who are the people that are rewarded? The people that are rewar

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

ed tend to be people that talk about the value they bring.

3. There’s no (or little) money for raises. There is always money for w

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

Following aspects would a

at the company thinks is important. If you are making a contribution to the company’s bottom line, you should be rewarded. If your

dd to the challenges in developing combination products:

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

work is not adding to the bottom line, then you need to find some way to show your value. Certainly, there are times when there is

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

o money for raises. In most cases, it still won’t hurt to let your boss know what you are worth so that when there is money availab

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

le for raises, you will be at the top of the list. And if the company really isn’t doing well, it’s time to think about your next c

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

reer move. If the company is losing money, then your job may disappear soon.

4. They might say no and then I’ll feel bad or embarr

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

Professional from academic institutions, pharmaceutical industries, health care indust

ssed. Don’t let a possible “no” stop you. You might get a “yes” and then you’ll be glad that you asked. And even if you get a “no

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

, so what? That can give you an opportunity to have a discussion to find out what you need to do to get a raise. Just by asking, 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

shows that you know you are worth more than you are being paid.

Are any of these reasons holding you back from asking for more mon

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

Companies that provide selfless information through particip

y? Once you understand potential issues, you can deal with them and start planning what you can do to get your next salary increase

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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Taken from the book; Protecting Your Corporate Assets by Martin Maylor info@insurium.com Losses through theft and fraud vary considerably by the type of operation and the efficiency of their management. To fully understand the cost lets look at the following example:

Many who thrive in the workplace are those bursting with drive and determination. These folks who are motivated by their jobs. Every person who works has personal reasons for working. While most work for money, others work because they love their jobs and because experience a sense of fulfillment. Some work because they desire to aid others or to feel distinguished in a field. People work because they are motivated by certain reasons.

There's been a lot of buzz lately about branding. But what exactly is it, and who needs to do it? Simply put, a brand is what makes your business uniquely YOU! This article explains branding in simple terms, focusing on the small business owner.

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