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Presidential candidate John Kerry is fond of stating that “... not since Herbert Hoover has any president lost more jobs than George W. Bush.” And there is a kernel of t

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

ruth to the statement; thanks to technology, jobs require less human intervention to complete. However, a larger factor in this seeming loss of employment is due to the

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

Examples of combination products may in

volution of the American workforce from a lot indentured to the confines of one company or one job title toward the Jeffersonian ideal of every person being a free agent

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

, or indie.

The explosion in the number of people going indie has a number of causes. Downsizing created the realization that “job security” isn’t something other peop

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

e provide, but something you have to create. Two-income families discovered that with their increased tax burden and overhead expenses for daycare, cleaning, housekeepin

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

Combination pro

g services, home maintenance and lawn care, a second income from paid full-time employment can actually be a liability.

Individuals interested in becoming self-employed

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

can segue more easily from employee to entrepreneur via the indie route. Finally, career changers can obtain valuable experience and networking opportunities in their fi

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

eld of choice with contract work.

Indies may lose company-provided benefits, but that doesn’t mean they are without means. As an independent contractor, they are eligib

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

e to create Medical Savings Accounts, or they may be eligible to participate in a group health plan through organizations such as the Chamber of Commerce. They can creat

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

e their own retirement programs via SEP, SIMPLE, or IRA investments, or the direct purchase of government-backed I-bonds. If they work out of their homes, they have acce

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

s to extensive tax deductions not available to wage earners.

In short, indies can have the best of all possible worlds – steady income, health and retirement benefits,

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

Following aspects would a

more real income, and a life.

What kind of jobs are available to independent contractors? Well, here are some of the indie jobs I’ve done:

Telephone psychic

dd to the challenges in developing combination products:

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

$20.00 per hour, work from home)

Mystery shopper ($15.00 per hour + expenses)

Virtual assistant ($15.00 - $30.00 per hour, depending on the task)

Editor (

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

$35.00 per hour)

Ghostwriter ($50.00 per hour)

Many creative and professional jobs, such as technical writers, webmasters, graphic designers, programmers, t

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

achers and tutors, etc. are done by independent contractors on a project-by-project basis. However, the FedEx Home Delivery and Schwann’s Ice Cream drivers are also inde

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

pendent contractors, so not having professional credentials is not necessarily a barrier to indie work.

Not everyone is suited to life as an indie. If you absolutely n

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

Professional from academic institutions, pharmaceutical industries, health care indust

ed the structure imposed by a job, a manager and a time clock in order to function, then don’t consider going indie. If, however, you like having some freedom, are self-

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

disciplined enough to complete jobs on time without being told, and can organize your day and yourself to maximize your productivity and meet your clients’ needs, you h

.

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

ve the necessary personality traits to become a successful independent contractor.

Ignore the gloom and doom scenario painted by politicians eager to have a job with pe

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

Companies that provide selfless information through particip

rks you pay for. Join the indie revolution, and gain an income – and a life – without a traditional job. It’s a choice you won’t want the government to “help” you out of

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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Declaring personal bankruptcy is not something anyone in their right mind would do just for the heck of it. There are many misconceptions and myths attached to bankruptcy, some of these put off those that really need help with their finances.

The federal tax code is complex. This complexity generally arises from two factors: the use of the tax code for purposes other than raising revenue, and the feedback process of amending the code.

Health Insurance costs have gone through the roof in recent years, but finding an affordable health insurance plan may not be as hard as you think. This article gives you simple explanations of the four basic plans and shows you how to save money on them.

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