Thursday, September 2, 2010

8 Insights for Physicians Joining the Life Science Industry

There's a nice article in the Physician Executive Journal titled, "8 Insights for Physicians Joining the Life Science Industry." Published for more than 20 years by the American College of Physician Executives (ACPE), The Physician Executive Journal (PEJ) is the premier source of information and insight about the business of medicine.  This article is in the September/October 2009 issue of the PEJ in the ACPE Career Center section. The author is Kevin Carroll, Life Science Practice Leader at Phillips DiPisa.

Here are a few snippets from the article:

After a dozen years recruiting for pharmaceutical, biotech, medical device companies and health care organizations, advice-seeking physicians call me nearly every week. And while their backgrounds differ, the question is always the same: “What does it take to make the transition from medicine to industry?”

In recent years, the need for physicians in industry has increased tremendously. Whether as a preemptive hedge to help avoid product failures or product withdrawal from the market, a need to more closely monitor clinical trials and drug safety, or simply a desire for a highly technical medical spokesperson on staff to communicate with the press and key opinion leaders, experienced physicians are in demand.

But it’s not all good news for these sought after individuals. While the opportunities may be substantial, the transition from successful practicing physician to thriving industry executive can be both challenging, frustrating and frightening.

Research dollars are largely being spent in a few fields: oncology, neurology, and immunology/infectious diseases. If you are lucky enough to be board certified in one of these therapeutic areas, then you are in demand and your chances of industry being interested in you is much greater.

To read this article, you'll need to join the American College of Physician Executives and click on the link that takes you to the Physician Executive Journal. View the archived issues and go to the September/October 2009 issue of the PEJ.

Visit the American College of Physician Executives:

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