lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
i>I've decided on my business what do I do now?
Alternatives to Working From Home
Links and helpful sites for the work at homer
Let's start at the beginning. What makes people consider working from home?
Commute Time: How long is your commute? Are yohere is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
u one of the lucky ones whose daily commute is less than 15 minutes each way? Listen to this, oh lucky one. If you were working from home, you would save yourself two and a half hours each week or about 10 hours a month. Wait, let me rephrase that, your commute is equal to worki
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
ng an extra day and a half each month.
Ten extra hours each month equals 16 days of extra work a year (based on a 7.5 hour work day). That means you're putting in a little over 3 work weeks each year commuting. Three weeks each year isn't really too bad when you're on vacation,
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
but spending that much time commuting is a different story.
If you're not one of the lucky ones and have a more average commute (according to the US Census Bureau) of 30 minutes each way (and we all know someone whose commute is longer), you spend 32 work days, or 6.4 work wee
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
ks commuting.
As bad as that sounds, many people (and I'm sure you know at least one) have much longer commutes. There are folks who commute 90 minutes or longer. Please don't depressed, by converting your commute time into a currency that is real to you helps you to understand
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
just what you might be getting/giving up by working from home.
You may be spending a lot of time commuting to somewhere where once you arrive, you would prefer not to be there.
Commute Cost: Oh, by the way, how much does it cost you to commute? This one is a lot easier
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
to calculate. How much does your monthly commutation ticket cost? How much is parking? How much are you spending on gas each month? How much does it cost to get on the subway? You do the math. Calculate it daily, weekly, monthly or annually. Unless you walk or bike to work, you
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
are taking some of your hard earned income and spending it to get to a place where you would prefer not to be.
Job Productivity: When you get to work, how much of your work time is productive? There are meetings, chatting with employees, fire drills, birthdays, smoke br
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
eaks, coffee breaks, who jammed the copy machine, the computer systems are down, someone lost the key to the mens/ladies room, farewell parties, baby showers, interruption, interruption, interruption. If you work a 7.5 hour day, how many hours are really productive?
Based on a
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
recent Microsoft Office Personal Productivity Challenge, out of a 5 day work week, workers productivity equates to 3 workdays a week. Yes, three workdays. You are spending 5 days commutation time and money to accomplish 60% of the work you could have accomplished in a week.
Le
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
t's think out loud for a moment. If you accomplish 3 days of work per week, multiplied by 4 weeks in a month (12 days) multiplied by 12 months, (144 productive days), that is 7.2 work months a year. Theoretically, you can complete your job, in 7.2 months in a given year. Just wh
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
at would you do with the remaining 4.8 months?
Physical Wear and Tear: How do you feel, by oh let's say, Wednesday morning (especially those with long commutes)? Do you leap out of bed feeling full of pep, energy and ready to go to work? Feel as refreshed as you felt on
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
Monday? No, I don't think so. Usually around Wednesday your energy level begins to wane and you drag your self through the rest of the week limping to make it to Friday. Is that any way to live?
Family: How much do you really get to spend with your family? What time do y
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
ou leave the house and what time to you get home? Do your kids call you Mr. Daddy or Mrs. Mommy because they don't see you? Working from home will help you to better manage your time. You can schedule meetings around little league or dance recitals. You don't have to take a day
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
off care for a sick child, or to take a much needed mental health day. Chances are, if you're working from home, your mental health will improve and your child's health may too.
Reduced Stress Level: Got Feng Shui? You can design your workspace as you see fit. No need to
.
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
worry about offending your cubicle mate with your decorative style.
Creativity Does your work environment promote creativity? Do you work better when your music is playing or your favorite candle is burning. Do you need to go for a run outside to get creative juices flowing be
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
fore you sit in front of your computer? Working from home will allow for all of your creative idiosyncrasies.
Now that you're thinking about working from home, realize that not everyone is cut out for it. Next in the series we'll address "Am I cut out for the work at home life?
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products