Advice You - Business

Parcel shipping services are provided by big industry players like FedEx and DHL. For example, FedEx has their ‘Smart Post’, while

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

DHL their ‘At Home Service’. Together with UPS these three companies treat the U.S. as zones, and each zone is charged with differ

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

Examples of combination products may in

ent rates with consideration to the distance from the shipping points.

There are also the independent players who provide parcel s

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

hipping services. These are commonly called the consolidators. These independent companies compete against the major players in t

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

he industry by utilizing a special rate from USPS – the Parcel Select. The packages that these consolidators handle are driven to

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

Combination pro

USPS Bulk Mail Centers (BMCs) or to the local post offices. The downside of this is the speed of the delivery, as it would go for

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

a few days more than, if you were taking the services of FedEx, DHL or UPS. The positive side though is the savings that one gets

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

out of these independent providers of parcel shipping services.

One of the largest independent consolidators is APX Logistics, but

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

unfortunately, they closed shop this year. With one major competition down, the other players will most likely increase parcel sh

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

ipping costs, affecting those who regularly avail of such services.

The basic considerations in parcel shipping are the cost of sh

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

pping and the delivery times. With a slower delivery time, resulting from the utilization of a slower delivery method, the corresp

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

Following aspects would a

onding cost for such parcel shipping would also be lower. The size and weight of the items will be a factor on the best shipment a

dd to the challenges in developing combination products:

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

nd delivery method that should be made use of, for one’s shipping requirements.

UPS, FedEx, DHL offers delivery confirmation of yo

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

ur packages. Each has its own service promo and bundles of add-on services to attract customers. Next-day deliveries are also of

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

fered at a higher cost.

The USPS is ideal for packages under the lightweight category, which are usually less than 3 pounds of wei

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

ght. With USPS Priority Mail or with the USPS First Class, delivery times will be at two to three days. USPS parcel shipping also

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

Professional from academic institutions, pharmaceutical industries, health care indust

provides a free shipping box with different styles to choose from. Customization of your shipping boxes is offered if you are shi

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

pping large volumes.

The parcel shipping industry would be better with more competitors like these consolidators. They make the p

.

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

rices more competitive and of course, the services as well. The consolidators provide valuable alternatives to the public, and the

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

Companies that provide selfless information through particip

parcel shipping services become more affordable to most of the people who are looking for reasonable costs to their shipping needs

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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