Useful Advices - Business

During the holiday season (from Thanksgiving to New Year’s), it’s common for people to take a break from their networking activities. Understandably, people become busy with family and feel an end-of-the-year crunch with their wo

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

rk.

Contrary to popular belief, the holiday season is a great time to network because of holiday parties, holiday cards and companies still in hiring mode.

Holiday Events

In the month of December, companies and networki

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

Examples of combination products may in

g groups generally hold holiday events. The purpose of these events is to allow attendees or employees to unwind at the end of year, be social and have fun.

Take advantage of these opportunities because you can get to know peopl

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

in a more casual environment. At the same time, these are the majority of the networking events this time of the year, so make an effort to attend.

If your firm is having its annual holiday party, it’s a good idea to attend bec

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

use you will get to know your co-workers out of the office. Networking with co-workers is important because you never know when these relationships will be helpful for your career within and outside your firm.

Remember that thes

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

Combination pro

events are still an important piece to your personal branding. Do not misrepresent yourself by drinking too much or acting very different than you do during the work day. You want people to perceive you as a professional and som

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

one who can act that way in social gatherings.

Do not assume that people are too busy to attend these events. Not everyone will be tied down by work or family obligations and you will be able to meet people.

Holiday Cards
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 great way to connect with your network is to send holiday greeting cards. If you haven’t spoken to someone in a while, this is a good way to reconnect.

When you prepare these cards, be sure to make it personal by writing a n
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
te. If you just send a standard greeting card with your signature, it won’t stand out as much. While the gesture will still be worthwhile, it’s not as memorable and personable.

It’s beneficial to send these cards to your clients
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
too. While these greetings may be more standard than personal, it still shows that you are thinking about your clients. In addition, if your firm has any special announcements, this information could be included with this card.
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’re looking for a job, send holiday cards to hiring managers whom you have recently spoken to about a job. Do whatever you can to make yourself stand above the pack.

One good way to make yourself more professional is to cr
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a
ate personal note cards with your name that you can send to people during the holidays and beyond. By creating these cards, you will enhance your branding and people will take you more seriously. These cards are great for thankin
dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod
people after job interviews as well.

Job Searching

The common misconception is that looking for a job during the holidays is a waste of time. In reality, companies are still looking to fill positions for the upcoming ye
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
r.

While some companies may not hire in December or early January, they will want to have a pool of candidates ready for when it’s time to make offers. Also, some companies may have their budgets allocated for a new hire for the
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
next year and they will want to interview in December so the new person can start in January.

Don’t take a break from job searching during this time of the year. In fact, people will have more time to talk with you about opportu
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
ities because many of their co-workers will be on vacation. As a result, they will have fewer meetings, client interactions or other demands on their time.

Also, keep in mind that you may experience reduced competition for jobs
ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust
ecause many people will take a break from their search. Knowing this fact can put you ahead of the competition. You need to take your job search seriously. Don’t slow down during any month. Make sure to continuously network and s
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
hedule appointments to meet with people.

Because employment decisions can happen quickly, you should make it a priority to contact your network to learn about opportunities and companies and to get referrals or leads. The best w
.

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
y to find a job is through a referral. This strengthens the idea that building a quality network is important.

Final Thought

Remember that networking is an important component in the business world and you shouldn’t slow
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip
down during any time of the year. Take the holiday season seriously by attending holiday events, sending holiday cards or continuing your job search.

You never know when you will meet the right person to help you with your needs

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 - Contrary to Popular Belief, Holidays Are Important Time to Network

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