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It’s very difficult to get there if we don’t know where we want to go.

Do you know of anyone who disagrees with the common sense wisdom of setting a final destination and having a plan f

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

or the journey before beginning a trip? Dreaming about it won't make it a reality.

Then why do many of us act as if we can drift along day to day, thinking somehow we can achieve our dre

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

Examples of combination products may in

ams of career success without defined personal goals, as well as plans to reach them?

Five Excuses For Not Setting Goals

If you are stymied in setting personal goals, a look at five of

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

the excuses people use when they fail to make plans for their futures should help.

1. Goals are not necessary. Research conducted by Yale University of one of its graduating classes foun

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

d that only 3 percent of graudates had taken all the steps necessary to set career goals and plans; 10 percent had done some of the necessary things; 87 percent very little or nothing. A

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

Combination pro

study 20 years later, revealed the 3 percent had accomplished more than the remainder of the group combined in terms of career positions and financial rewards.

2. Fear. We are afraid th

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

at if we set goals and don’t reach them, we will be seen as failures. We are afraid to commit ourselves for fear we will go down the wrong path to a dead end of frustration and unhappine

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

ss from which there is no escape. Or we dread the accountability inherent in a stated goal.

3. We simply may not believe it is possible to plan ahead. We tell ourselves, “There are jus

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

t too many variables and imponderables in life. Besides, successful people are just lucky or have 'pull'."

4. We have so many options and can’t decide among them. We are like the prov

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

erbial blind dog in the meat locker. But common sense tells us we can’t have it all. We have to decide on a few specifics and go for them.

5. We may be paralyzed by the feeling that our

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

hopes are so enormous that they are beyond our reach. The first step seems so insignificant, so we sit there, mesmerized by our dreams and overawed by the enormity of it all, hoping somet

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

Following aspects would a

hing will happen. It is at this point that we start to believe we have goals when what we really have are wishes.

Five Ways To Deal With Excuses

There are five steps we can take to exor

dd to the challenges in developing combination products:

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

cise the excuses.

1. Get rid of groundless fear that goals and plans are forever. Neither imposes an irrevocable life sentence. It may seem paradoxical, but good goals and plans take int

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

o account that new circumstances may dictate course changes along the way. It’s okay to switch goals, if our notions of success change. However, it is not healthy to change goals if we ar

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

e running away from obstacles and hard work.

2. Define where we are now. What are our qualifications? What are our interests? What drives us? What price are we willing to pay to reach

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

our goals.

3. Define in writing the mega-goal we aim to achieve by a specific time in the future, say three to five years. It can a stretch goal, but not an unrealistic one. The mega-go

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

Professional from academic institutions, pharmaceutical industries, health care indust

al can be somewhat broad in nature, but not vague. It has to be more than “I want to be rich.” Rather, the goal should be along the lines of “I will own my wholesale electronics busines

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

s with annual sales of at least $3 million by my 30th birthday. I will live in Metro City, headquarters of my business."

4. Spell out action steps to reach the mega-goal. Include due dat

.

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

es.

5. State the anticipated rewards.

Setting goals and reaching them is tough going, but the payoff can make it all worthwhile if you are truly hungry for success.

To paraphrase the l

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

Companies that provide selfless information through particip

egendary merchant, J. C. Penney, “Give me a stock clerk with a goal and I will give you a successful manager. Give me a stock clerk without a plan and I will give you a stock clerk.”

XX

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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What exactly are stocks? Stocks are bits of ownership of a company. Companies sell out these bits in order to raise money from the market for new expansion plans. How the company does is reflected in what your stock that you own in that company is worth. It is yours to keep or to sell. Over and above this, if the company does well, it will pay you a dividend or profit in proportion to how much you own.

Sometimes it's really easy to get down about your job and think that it's the worst in the world. Often that's not the case, if you are feeling a bit down about your careers prospects we’ve come up with a list of jobs that make even the most rubbish legal job sound very appealing.

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