Advice You - Business

Businesses faced with the disposal of large industrial equipment have a difficult task in front of them. Although the

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

re are several solutions, some are clearly better than others. One choice is to sell the equipment at an online aucti

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

Examples of combination products may in

n such as eBay. In this situation, the shipping arrangements and preparations are the responsibility of the seller. 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.

llers are often forced to accept less than the robot is worth. After a long wait to complete the transaction, your bu

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 may decide they are not satisfied and back out of the sale. You are left with a loss of time and money and you st

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

Combination pro

ll must dispose of the machine!

Another alternative is to contact an auction dealer or a 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

//www.used-robots.com/robot-auctions.htm">used machinery auctioneer. Once again you are forced to accept the buye

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

r’s price rather than the actual worth of the used robotic equipment. There is also now a middle-man that will take

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

percentage of your sale. Not only will you likely receive a price that is far below the actual value, but you will a

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

so be responsible for transporting the robot to the auction and home again if it doesn’t sell. You have the potential

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

to expend a large amount of money and labor at the risk of no profit!

Some businesses choose to sell their used equi

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

Following aspects would a

ment on terms to other businesses. If you choose this method, you are then providing free financing to the individual

dd to the challenges in developing combination products:

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

buying your equipment. You should insist on immediate payment by credit card, wire transfer, or certified check. It

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

s also to your advantage to have the purchaser make all shipping arrangements. This excludes you from becoming a res

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

ponsible party should something break or become lost during packing or shipping.

It is often to your advantage to se

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

l your excess or retired robotic equipment as a package rather than by the piece. This will increase the overall val

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

Professional from academic institutions, pharmaceutical industries, health care indust

e of your equipment. Selling your equipment as a lot reduces the labor and shipping costs associated with selling and

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

removing equipment. This results in more profit from the sale.

You should consider trading your used system for a n

.

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

w system if your company is replacing machinery. A used robotic trade-in will reduce your cost and also your need to

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

Companies that provide selfless information through particip

ursue other avenues of disposal. Trade-in is the least consuming of all options for the liquidation of used equipment

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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Water jet machining technology involves the use of high-pressure water jets for cutting parts out of different types of material such as soft rubber, foam, extremely thin stuff such as foil, carpet, paper, cardboard, soft gasket material, candy bars, diapers, and soft wood. Its use is limited, as it cannot cut harder materials such as metals, glass, and hard wood.

Laser-aided cutting has brought about a revolution in the manufacturing industries. These high-powered optical beams are used to cut through a variety of materials such as metal, wood, glass and plastic. The laser is directed at the required surface and moved around to cut the material in the desired shape. Laser cutting gives a finer finish to the end product as compared to conventional cutting methods.

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Advice You - Selling a Used Robot

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