Advice You - Business

Setting up an office requires a lot of commitment, energy and most of all, considerable cash. Eve

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

n though you may wish to buy the best office equipment available, it may not be always possible.

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

Examples of combination products may in

ou may have to settle for used office equipment to fulfill your immediate requirements. Also, the

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

amount of money that you save in buying used office equipment will be quite considerable. This m

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

ney can be used to fulfill the more urgent requirements of your business and its needs.

Used off

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

Combination pro

ice equipment can be well purchased at second hand shops. These shops are able to procure these g

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

ods at very reasonable prices from the actual sellers. They then sell the products to buyers for

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

a profit. Hence, if you buy the equipment directly from the seller, you may be able to save the m

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

ney that the second hand shop is earning as profit. The only drawback buying from a direct buyer

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

is that you will not have the option of replacing or returning the equipment in case of a defect

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

r a breakdown, which may be a possibility. You may also be able to pick up used office equipment

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

Following aspects would a

hrough actual and online auctions. Though bidding at auctions is not a foolproof method, it is wo

dd to the challenges in developing combination products:

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

rth a try. In case you are one who takes a cautious approach, buying from second hand shops remai

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

s the best option.

There are several advantages and pitfalls of buying used office equipment. Th

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

e advantages are that one saves money and second hand products are readily available from a numbe

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

of sources. Also, when a used product needs repairs, it hurts much less than the collapse of new

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

Professional from academic institutions, pharmaceutical industries, health care indust

equipment. The disadvantages of buying a used product are also worth considering. You may not be

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

able to judge the efficiency of the product at the time of purchase. You may also end up spending

.

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

more money later if it does break down. Hence any decision regarding the purchase of office equi

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

Companies that provide selfless information through particip

ment must be made after weighing the advantages and disadvantages of buying used office 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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