Advice You - Business

If you have a problem with your Hewlett Packard or IBM product in S

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

ingapore, simply take it to the Post Office and they will forward i

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

Examples of combination products may in

t to the repair center at no charge.

When it’s repaired and ready

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

to collect, the Post Office will return your machine to your home o

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

r office, or back to the Post Office location of your choice.

You

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

Combination pro

can even pay for repairs at the point of delivery if they’re not co

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

vered by the manufacturer’s guarantee.

This is a good example of w

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

in–win partnership between technology companies and a government ag

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

ency resulting in better service for customers like you.

Watch for

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

more ‘cross-border, cross-town’ partnerships between government, c

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

ommerce, education, medicine, neighborhoods, communities and even s

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

Following aspects would a

piritual institutions as everyone becomes more creative and custome

dd to the challenges in developing combination products:

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

r-focused.

Key Learning Point

Old boundaries can become open bord

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

ers for creative cooperation. If working together produces more con

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

venience or value for the customer, then pursue the new partnership

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

with vigor.

Action Steps

In which industry, agency, association

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

Professional from academic institutions, pharmaceutical industries, health care indust

or institution do you work? Which organizations are considered `out

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

side' of your domain? How might you creatively collaborate on behal

.

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

f of your common customers? What could you do to surprise your clie

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

Companies that provide selfless information through particip

nts? What would raise their eyebrows? What would raise your service

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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