Digg It - Business

A counteroffer is a ruthless and potentially hazardous renegotiation of your salary with your current employer, which occurs when you threaten to

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

leave for employment with a competitor. Although the counteroffer is almost always a lose- lose proposition for the job seeking candidate and 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

e employer, we see candidates entertain the notion all the time.

When you accept a counteroffer from your present employer think about the impac

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

on your current situation and the long-term future with that employer. Also consider whether you are truly the winner in this employment strate

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

y. Many employees who give their 2-week or 30 day notice are receiving counteroffers from their current employer as an incentive to stay. Befor

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

Combination pro

e going any farther, think about the horse that pulls the cart struggling to reach the tasty carrot day in and day out. Trust me the horse has i

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

better than you in this situation. Don’t be a fool and don’t be the horse!

These counteroffers and proposals can include an increase in salary

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

a direct promotion or added responsibility to your job functions, or an often-empty promise of a future raise, promotion or other incentive with

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

n the organization.

Honestly, if you are good at what you do, your employer will try to convince you to stay because it is in their best interes

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. Their reasons are financially obvious because finding and training your replacement will be expensive and time consuming. Operationally ther

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

may be profit lost as a result of the work you performed in the past not getting completed and other peer employees may also be influenced by yo

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

Following aspects would a

r success to look for another position.

If you entertain the counteroffer for even a second, you will be thrust into the temptation to discard a

dd to the challenges in developing combination products:

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

careful decision you have made for your best interest and using objective reasoning.

An attractive counteroffer has three primary reasons existi

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

ng to lead you down the wrong career path. First there are your emotions, which are already shot to hell and stressed out. You will be leaving

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

eers, friends and co-workers, which might be weighing on you. Second, there is the fear of change, which all humans are programmed to hate since

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

birth. Lastly there is the fact that your current employer seemingly wants you to stay and this fuels your ego. As a result they feed you all t

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

Professional from academic institutions, pharmaceutical industries, health care indust

e crap you can eat and try to tighten the noose for good this time.

If you listen to, entertain for an instant, look at, hear of or really consi

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

der the counteroffer you will likely succumb to it, but know this…it’s not your fault. You are a programmed human, who will always go back to so

.

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

ething you have already experienced, rather than branching out and evolving into your true self.

The decision is yours and yours alone! Take a

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

Companies that provide selfless information through particip

tep back and trust your instincts that led you into your new career search in the first place.

To be continued in: The Counteroffer Strikes Bac

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.diggit.org.ua/article/8742/diggit-Beware-Of-The-Counteroffer.html">Beware Of The Counteroffer</a>

BB link (for phorums):
[url=http://www.diggit.org.ua/article/8742/diggit-Beware-Of-The-Counteroffer.html]Beware Of The Counteroffer[/url]

Nobody I know wants to spend the last period of their life struggling with debt. Unfortunately though, that is exactly what is happening for an increasing number of senior citizens.

Factoring services means managing the financial operations of an organization to achieve the objective of the enterprise. The basic financial operations are investment, which deals with acquisition of fixed assets; financing, which deals with the raising of required funds from various sources; and profit appropriation, which deals with appropriating the profit earned by the enterprise among the suppliers of funds.

Capitalizing a new business entity is a critical step of the formation process. Failing to take the step can lead to serious legal problems if the entity is ever sued. So, what is capitalization and what steps must be taken?

Tags

Links

Digg It - Beware Of The Counteroffer

Related Articles: