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E-Folder - Long Term Thinking, Short Term Focus
The most precious commodity in this world is time. How many of us are time poor these days? Just seems to be a universal pandemic, especially in the wester
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
n world.
Deployed correctly, one can design and live a magnificent life. Contrary, if one chooses to waste the hours on frivolous activities, then life is
Deployed correctly, one can design and live a magnificent life. Contrary, if one chooses to waste the hours on frivolous activities, then life is
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
mediocre at best.
Let's cut to the chase.
Everyone talks about time management. Do this. Do that. Try this. Use this new management system ....... the l
Let's cut to the chase.
Everyone talks about time management. Do this. Do that. Try this. Use this new management system ....... the l
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ist is endless. Here's the best advice I can give, derived from the experiences of some of the best people I've worked with.
Think Long Term
Number one l
Think Long Term
Number one l
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ife management tool is to project yourself forward 5, 10, even 20 years. In the year 2015, what does your life look like? What have you mastered? What sort
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
of relationships are you in? Where are you working, living, traveling, investing, socializing?
Recall, that clarity is the key. The greater the clarity,
Recall, that clarity is the key. The greater the clarity,
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 higher the probability of achieving the intended outcome. Once more (yes, this is important)
The greater the clarity, the higher the probability of ac
The greater the clarity, the higher the probability of ac
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
ieving the intended outcome.
Recall that only 3% of people ever contemplate their life in detail.
I know what some of you are thinking. 'What if I design
Recall that only 3% of people ever contemplate their life in detail.
I know what some of you are thinking. 'What if I design
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
it and don't get there?" Remember everything is feedback. A person with a strategy directed towards an objective has a 1000% higher probability of achievi
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
ng it. As such, I urge you to please join the top 3%.
You are not a tree. You can move. You can change. In fact, you can totally re-org anise your life ov
You are not a tree. You can move. You can change. In fact, you can totally re-org anise your life ov
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ernight! Know where you are headed. Adjust along the way. Dream big. Never sell yourself short.
Short Term Focus
Once you have your own blueprint, go to
Short Term Focus
Once you have your own blueprint, go to
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
work on it one day at a time. Drill down and concentrate on your highest priorities, and focus single-mindedly on them until they are complete.
One cannot
One cannot
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
do everything, as there is not enough time. But one can choose to concentrate on the most rewarding activities as part of a series of steps towards a high
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
er predetermined destiny.
In the late 19 nth century, a young Andrew Carnegie decided upon his life's purpose. "To spend the first half of my life buildin
In the late 19 nth century, a young Andrew Carnegie decided upon his life's purpose. "To spend the first half of my life buildin
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
a fortune, and the second half of my life giving it away"
Carnegie went on to build US Steel, the largest conglomerate at that time, later selling it for
Carnegie went on to build US Steel, the largest conglomerate at that time, later selling it for
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
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
US$480 million. True to form he spent the back half of his life giving it all away through infrastructure projects in the form of schools and libraries.
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
When asked how he managed to reach his life's mission, he stated that the key was to simply write down the top 6 activities he had to focus on at the begin
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ning of each day, and stay with each task until it was completed.
Long term clarity, short term focus.
Action: What are you focusing on moment to moment?
Long term clarity, short term focus.
Action: What are you focusing on moment to moment?
.
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
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
Are the activities simply tension relieving or is there a higher purpose behind each one?
How can you better align your long-term vision with day-to-day
How can you better align your long-term vision with day-to-day
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
actions?
Remember, everybody has 24 hours available to him or her each and every day. Difference in how their lives work out is how they spend these hours
Remember, everybody has 24 hours available to him or her each and every day. Difference in how their lives work out is how they spend these hours
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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