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  • Digg It - When to Say No to the Money and Yes to Yourself

    "Happiness is the state of consciousness which proceeds from the achievement of one's values" - Ayn Rand

    It is often the case that people find themselves in the dilemma of either choosing to stay at a job because it 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
    s a guaranteed pay check or leaving to pursue their passion and lose their income - at least for a while - and worse, and uncertain amount of time.

    In my experience this is one of the most difficult decisions to make. You ar
    ; 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 unhappy in your work, you dread Monday mornings, you know you are better suited for something else and that the only way to really go after what you truly want is to let go of the job that demands all of your time and take
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    that risk. But, as usual, easier said than done.

    We have all heard those stories of people who have risked everything to pursue their dreams. For example, what about the high-powered New York couple who was earning 7-figures
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    and left it all to open their own pie shop in a small norther Michigan town? And, these people had never made pies before! Or the couple who spent years losing their money on various entrepreneurial ventures and finally foun
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    d outrageous success baking bread.

    The problem is, for every 1 who is successful, many many more fail to reach their objective and many end up right back where they started....and often nearly broke.

    So, how do you do what
    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
    is right for you, go after your passion, and make sure you end up on the side of outrageous success?

    Here are 5 Keys to Transitioning Intelligently and Achieving Career/Life Satisfaction and Success

    1. Learn About Yourse
    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
    lf,

    This takes time. I have worked with several clients who come to me in this exact situation and want to get out of their current situation so desperately that they decide to go after the first thing that peaks their i
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    nterest. These are often ventures that sound exciting or romantic but either have no teeth or aren't their true passion. So, take the time and do the work involved in getting to know yourself and what you really want. Identif
    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
    y your core values, those values that you are not willing to compromise on and that your work must allow you to express. When you have an idea, try imagining yourself in that role all day, day after day and see how that feels
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    . If you are truly uniting who you are with what you do, it will feel effortless.

    2. Research

    Once you narrow your options down, research. Get out there and talk to people. Spend a day with someone who does what you
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    would like to do. Seek out a mentor. Find out everything you can - the good and the bad - and then see where you want to go.

    3. Set Goals - Make a Plan

    This is perhaps the most critical step. Setting clear, measurabl
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    e, and time-specific goals and then committing to achieving them will be the difference between your success and failure. You must set goals and you must commit to achieve them. Clarify them and make sure they are your goals
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    and not the goals of a parent or husband/wife or friend. Create short term goals to help you get there and spend a minimum of 10 minutes every day focusing on what you want to achieve and how you are going to do it.

    4. Ta
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ke a Step

    Taking one step in the direction of your goals can have a dramatic affect on how quickly you achieve them. It is very often the case that as soon as you move in the direction of your goals, no matter how small
    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
    a step, you will begin to feel happier and more successful. Goals create a vision and a direction and they help your mind to focus and pay attention to what really matters to you. Make a movement every day in the direction of
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    your dreams.

    5. Go For It and Be Willing to Accept the Consequences

    What are you willing to live with? Before you make any radical life change you have to anticipate the consequences of it not going exactly how you
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    want. This is not to deter you but rather to help you plan for the obstacles - because there will be plenty in front of you. Decide what you are willing to live with, determine the price you are willing to pay to achieve your
    .

    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
    dreams and get busy paying. There comes a time when you just have to lay it all out there and go for it. When you find yourself hesitating ask yourself "what is the worst that can happen?". It is usually not enough to stop s
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    uccessful people form taking the leap. Remember, you have endured a lot and you can bounce back from anything but if you don't give it a try, you will be saying yes to mediocrity when you could be embracing unlimited success.


    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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