Advice You - Business

1. As my mom would always say, "Telling one lie just leads to another and anothe

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

r and another."

Why waste time in an endless loop of lies? I've seen this many

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

Examples of combination products may in

imes as an employee and as an employer. When a person tells a lie or a partial t

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

uth (same thing), it usually leads to more of the same. After a while, they can'

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

even remember what lies they told.

2. All it takes is one lie to lose a client

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

Combination pro

s trust

Good clients are hard to find sometimes. Lying is one of the surest way

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

s to lose them. I've gained most of my clients because someone else wasn't hones

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 their dealings and couldn't be trusted.

3. You can sleep peacefully at nigh

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

It's so refreshing to know that you haven't lead anyone astray (including the I

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

S), and there is no one coming after you because of something you mislead them on

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

Even if you have consequences or losses due to telling the truth, peace of mind

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

Following aspects would a

far outweighs any of that.

4. If you lie in business, you'll probably lie in

dd to the challenges in developing combination products:

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

ther areas

Once you make something a habit or an acceptable practice, it inevita

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

ly spills over into other areas of your life. When you lie about completing work

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

for clients, you probably have no problem telling your spouse that you took care

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

f something that you didn't. Or, if you withhold taxes in your business, you'll

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

Professional from academic institutions, pharmaceutical industries, health care indust

probably do the same in your personal income taxes.

5. It's a commandment

This

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

is, by far, the most important reason for me. Even if I was able to get away wit

.

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

telling an untruth without anyone finding out, I know that God is watching me an

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

Companies that provide selfless information through particip

what He says about the situation is much more important than the opinions of man

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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