Top Reference - Business

With almost daily news reports of companies laying off workers, or filing for bankruptcy, or going out of business altogether, losing your job suddenly doesn't sound all that unli

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

kely. Here are some strategies either to avoid being laid-off, or to cushion the blow if it comes.

1. Keep your resume current. If you haven't looked at your resume in over a yea

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

Examples of combination products may in

, drag it out and review it. Make sure you've included your latest work accomplishments and that it adequately represents who you are. Whether or not you are looking for a new job

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

you should update your resume every time you get an award, finish a big project, or get a promotion.

2. Stay up to date on the latest news about your company and in your field.

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

Read the business sections in the newspaper. Look at trade journals. Read your company's annual report. Pay particular attention to stories that might indicate the market for widg

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

Combination pro

ts (or whatever your company does) is going south.

3. Get to know people in different departments in your company. The sales and service staffs always know before anyone else how

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

the company is doing. Learn to read the handwriting on the wall.

4. If you think the company might be considering layoffs, get busy finding yourself a new job and then volunteer

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

to leave. If you're the first one out the door, you can probably negotiate yourself a substantial severance package. Later people won't be so lucky.

5. Cultivate work relationshi

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

s. If you're the kind of person who thinks company golf outings, picnics, birthday parties and other team get-togethers are a waste of time, or if you routinely berate co-workers,

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

steal ideas or lose your temper, you'll be packing up your desk while good ol' mediocre Jim in the next cubicle is comparing golf scores. People want to be around people who make

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

hem feel comfortable. If it's a close call on who to keep and who to let go, you and your anti-team-mentality are going to lose.

6. Stay current in your field. Take a seminar. Wr

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

Following aspects would a

ite an article for a trade journal or an online article directory. Get certified on a new piece of software, or learn some new applications for one you already use.

7. Toot your

dd to the challenges in developing combination products:

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

wn horn. Make sure your boss knows just how much you contribute to the bottom line. Get in there and get some face-time. Volunteer to take on extra projects. Bring in new customer

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

or find ways to cut costs. It doesn't matter how great a job you do, if no one realizes you do it.

8. If you have a lot of personal information on your work computer, get rid of

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

it. Keep copies of performance evaluations, certifications, letters of appreciation, etc, at home. Maintain a current list of networking contacts, personal e-mail addresses and o

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

her useful information (including your current resume) on your home computer. If you are laid off, chances are you won't be allowed to even log into your computer, let alone be al

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

Professional from academic institutions, pharmaceutical industries, health care indust

owed to download anything. You probably won't be able to walk out the door with a briefcase full of papers, either, so plan ahead. I'm not talking about proprietary information –

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

you can go to jail for doing that -- but you have a perfect right to the names and contact information of people with whom you've developed a positive working relationship. There'

.

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

nothing to prevent you from calling them to say you've left the XYZ Company and to ask them to keep you in mind for any job openings they might hear about.

Losing your job doesn

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

Companies that provide selfless information through particip

t have to be the end of the world. You can't prepare for every eventuality, but you can cultivate a positive outlook an make sure you're ready to move ahead if the ax falls on you

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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Targeting and creating your organization's mission statement is a defining moment for your company and has lasting repercussions. As the mission statement delineates the purpose of your organization, how it can fulfill needs, and the values it ascribes to, its importance is clear. This article addresses how to create an effective mission statement -- one that inspires those inside and outside the organization.

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Top Reference - You're Fired! Tips for Avoiding the Termination Blues

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