Useful Advices - Business

Anyone can get the axe at any time. It happens to good people and bad ones...hard workers as well as slackers.

"We feel you would be happier working for another company."

"

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

Sorry, business is falling off. We no longer need your services."

"Operations are being consolidated in Mexico. The Bedrock Plant will be closed Feb. 1."

Sugar-coated or

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

Examples of combination products may in

ot, the message is the same: You're fired! You've been sacked. You are out of a job!

13 Steps To Survive and Prosper

Therefore, it makes common sense to know what to do to

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

survive and prosper should you ever get the dreaded "pink slip".

1. Keep in mind that in the current environment the idea of womb to tomb job security is as dead as a hammer

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

Be loyal to your present employer, but never develop a romance with the organization. Know that the relationship can end at any time. There is enough suffering in store for

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

Combination pro

nyone over the loss of a job without adding the pains of an unrequited love. Look out for yourself first.

2. Be alert and well informed at all times about the outlook for yo

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

ur employer and your job. If you know things are going down the drain, begin a below-the-radar search for other opportunities. If the axe falls, you'll have a head start on f

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

nding another job.

3. Stay prepared financially. Always try to have enough cash in reserve to cover at least three months living expenses.

4. Keep your skills up to date w

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

ith the needs of the job market. Capitalize on opportunities for additional training. Read the literature of your field.

5. Maintain an up-to-date record of your accomplis

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

ments so you can produce a resume in 24 hours.

6. Nurture contacts with people in your line of work and with those likely to employ your type of qualifications. Be visible

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

hrough outside activities and positive publicity.

7. Help others who lose their jobs. Also, be of assistance to those who are looking to recruit employees. They may help y

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

Following aspects would a

ou some day.

8. Understand your emotions.

Psychologist Bill Weber says getting fired is very much like dealing with the death of a loved one.

"The first reaction is denial

dd to the challenges in developing combination products:

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

or wishful thinking. There's been a mistake. This can't be true," Dr. Weber says. "Then the shock sets in, followed by anger, depression, frustration and fear. Worst of

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

all is the loss of self-esteem."

9. If you get fired, allow some time for grieving; but not too much. Don't just sit there feeling sorry for yourself. It's natural to be an

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

ry with your employer, but don't let your feelings show. You still need him. Negotiate the best possible severance package possible for continuing pay and benefits, particu

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

arly insurance coverage. Don't forget good references, too.

10. Start immediately to launch your search for another, better job. Use this time to reassess the goals you hav

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

Professional from academic institutions, pharmaceutical industries, health care indust

e set for the rest of your life. Define the job that will enable you to achieve these objectives.

11. Prepare a plan to market yourself. Let it be known you are available;

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

"advertise" what you have to offer. Involve your network of friends and family in the job search.

12. Be patient. Recognize it will take time to find another acceptable pos

.

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

ition.

13. Don't panic. If you possibly can afford to wait, don't jump on the first opportunity that comes down the pike, unless, of course, it really matches up with your

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

Companies that provide selfless information through particip

bjectives.

Finally, try to remember two things.

1. It can happen to anyone.

2. A high percentage of people end up with better jobs than the ones from which they were fired

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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Useful Advices - Career Advice: You're Fired - Get Over It

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