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Advice You - The Impact of Oil Prices on the Freight Industry
Instability in the Middle East and threats to geo political harmony from Iran are combining to h
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
ike up oil prices around the world. This is having an impact at all levels from big business to
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
onsumers; and the freight industry in particular is under strain as a result.
In the UK petrol
In the UK petrol
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
rices are reaching record highs which is affecting the cost of road freight transportation. Howe
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
er, it is not just road freight which is affected by increasing petrol prices. Air freight is al
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
o under strain.
This is illustrated by the fact that Boeing lowered its annual growth rate pred
This is illustrated by the fact that Boeing lowered its annual growth rate pred
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
cation last week because of the effect that high oil prices were having on its business. It drop
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
ped 0.1% off its 20 year forecast as a result of the high and growing cost of oil.
This does no
This does no
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
mean that the entire air freight industry will fall off though. The market is still expected to
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
grow at a considerable rate each year. Of course this fact is of real concern to campaigners who
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
are keen to see a reduction in air traffic owing to the damage it does to the environment.
In s
In s
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
me ways these campaigners are beneficiaries of the high oil price problem. After all, if prices
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ontinue to rise steeply and concern over the stability of the Middle East remains strong, compan
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
es are going to have to invest more heavily in alternative fuel sources.
It may be that in a ce
It may be that in a ce
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
rtain number of years the freight industry will be transformed beyond all recognition. Road frei
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
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
ht may be dominated by hybrid trucks and lorries and air freight may even be powered by a more e
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
vironmentally friendly type of fuel.
In the meantime however, freight forwarding companies are
In the meantime however, freight forwarding companies are
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
atching the rising cost of oil carefully and building these prices into new industry forecasts.
.
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
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
n this way they are not dissimilar to consumers who are also watching and worrying about the gro
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ing cost of petrol at the pumps and having to factor these new prices into their monthly budgets
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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