Working in the pharmaceutical industry and career pathways for future pharmacy students Pre-Pharmacy Society Meeting Rocco R. Duran R.Ph Senior QA Executive – Global Quality Operations 11/10/11 Working in the pharmaceutical industry and career pathways for future pharmacy students Agenda: My career/experience General opportunities in the pharmaceutical industry The external environment, impact on the pharmaceutical industry and what it means to current students Q&A Working in the pharmaceutical industry and career pathways for future pharmacy students My career/experience: Pharmacy technician in the US Air Force prior to enrolling at the Rutgers college of Pharmacy (Ernest Mario). Summer employment at Warner Lambert between 4th and 5th year of pharmacy school. Graduated from Rutgers College of Pharmacy in 1982. Employed at WL, Sandoz, GSK and AstraZeneca in various production, technical services and quality roles. Highlights – production of key products, development and optimization of products, various aspect of quality assurance/control and varied experience with regulators Working in the pharmaceutical industry and career pathways for future pharmacy students General opportunities in the pharmaceutical industry: Three general areas: Research & Development, Operations and Sales & Marketing. Research and development – scientific type work and MS degrees and PhD in pharmaceutics, pharmacology etc are useful. Operations – supply chain (production) work and MBA’s and MS in pharmacy sciences are useful. Sales and Marketing – commercial work and MBA’s in Marketing and other business type concentrations are useful Working in the pharmaceutical industry and career pathways for future pharmacy students The external environment, impact on the pharmaceutical industry and what it means to current students: Shift in payers of medical services and Rx products Health care reform in the US and globally Customer/patients affordability issues Legislative and regulatory shift towards generics Regulatory environment and the high hurdle for new products Patent life expiration Pharmaceutical company strategy – branded generics, emerging markets, outsourcing/off shoring/consolidation Working in the pharmaceutical industry and career pathways for future pharmacy students Questions?