Advice You - Business

Although it is said that 95% of companies suffer from employee theft, it is probably closer to 100%. Serious theft, however, is a different thing entirely. There is a world of difference between the theft of a few pens and

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

the steady depletion of stock through organized crime within a large organization. This sort of employee theft is estimated as causing over 30% of all company bankruptcies, and many companies are in desperate need of a means

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

Examples of combination products may in

of controlling it.

The first action a company must take is to clarify to employees the penalty for employee theft. At the very least, immediate suspension pending investigation must be stated as the initial step. The matte

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

should then put into the hands of your lawyers, and the law processes should be allowed to proceed. You should not dismiss anyone until the case has been proven legally, or you could find that you are the one answering char

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

es. These procedures should be clearly stated on company notice boards and should have union support where relevant.

There are some forms of employee theft that are almost impossible to control. Intellectual theft of compan

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

Combination pro

secrets can be controlled theoretically by the introduction of tight contracts with key personnel, such as senior managers and scientists, but if they decide to move to another company such contracts are almost impossible to

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

enforce. Though a contract may state that a senior scientist cannot legally work for another company in the same line of business for a set period of time after employment is terminated, how do you stop them working for a c

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

mpetitor from home or from an overseas facility?

How do you stop customer theft, another form of employee theft that frequently involves an employee either providing a new employer with a customer list, or taking customers t

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

at they personally deal with along with them? This is very difficult if not impossible, since you cannot control your customers’ allegiances.

Proper control starts at the employment stage. Employee theft can be reduced by

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

he use of a rigid employee screening procedure that is designed to detect potential thieves prior to employment. Criminal record and credit rating searches can detect anyone with potential problems that either indicate a pre

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

ious record of theft or someone who could be tempted, and psychological profiling can achieve the same thing at the interview stage.

For best results, both of these functions are best carried out by professionals. Either co

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

Following aspects would a

mpany employees trained in these functions or a professional agency will be able to provide the level of service required to reduce the chances of you employing someone who will be tempted to become involved in employee theft

dd to the challenges in developing combination products:

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

This action does not resolve your existing problem, but it does help to stop it growing. It reduces the chances of new thieves joining the company. There is another benefit of introducing a strong employment screening pro

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

edure. If theft from your company continues and causes harm to shareholders through loss of their capital, they could sue you for negligent hiring. You have to be able to demonstrate that you took all reasonable steps to en

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

ure that you did not employ people who already had convictions for theft and have tried to prevent employee theft at the hiring stage.

Part of the problem in normal companies is that it is neither fully understood, nor clear

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

y stated, where the line is drawn between theft and what is allowed to be taken. Many companies allow substandard or rejected products to be taken home by employees, and others do not. An employee moving from one company to

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

Professional from academic institutions, pharmaceutical industries, health care indust

another may misunderstand that these policies are specific to individual companies, rather than general throughout industry. Employees should not be criminalized through ignorance and your failure to clearly state your poli

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

y. If you do not allow employees to use rejects, you should clearly state that fact with prominently placed notices. Do not assume that all employers have the same policy.

Your policy with regard to what constitutes employe

.

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

theft should be clearly stated in the employees’ handbook if there is one, or along with the acceptance of their application for employment. If you have an induction scheme it can be introduced to them then.

The mistake th

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

Companies that provide selfless information through particip

t many employers make is to try to control serious employee theft themselves when there are many professional companies available that could help them to save a lot more money than it would cost to have the problem controlled

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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