Advice You - Business

The potentials in outsourcing in the Philippines are already recognized worldwide. The reasons are language fluency, high skills and low costs. India has d

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

ominated the Business Process Outsourcing industry for a long time. But now, there’s a new player in the field that has raised the bar for BPO standards.

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

Examples of combination products may in

ike many other neighboring Asian countries, the Philippines offer low costs for their highly skilled professionals. The core reasons of outsourcing. And In

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

dia has long been the premier outsourcing destination. Even China is now entering the outsourcing scene. But the Philippines’ distinctive advantages over o

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

her outsourcing Asian countries are the fluency of the spoken language and familiarity with the principal country. This is the reason why call centers for

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

Combination pro

S based companies are abundant in the country. Philippine history tells us that the country was colonized by the Americans for years. Filipinos and America

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

ns fought side-by-side in the 2nd World War against the Japanese invasion. Even the education system was patterned after that of the Americans. That is why

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

Filipinos’ spoken and written English are more “American-ized”. Another example, in outsourcing legal services, Co-president of an Indian-based firm and a

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

ative New Yorker John Sigelman said, “As an American colony (the Philippines), there is cultural affinity and the legal system is based on U.S. law. In Man

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

ila, every lawyer seems to know what Roe vs. Wade was about. In Chennai (a town in India), they may have some of the finest brains in the world but not eve

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

yone has heard about Roe vs. Wade or other key cases in the U.S. Supreme Court.” He was also amazed by the depth of design talent in Manila. He said that t

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

Following aspects would a

is talent is hard to come by in Bangalore or Chennai.

It is true that in the early years of the new millennium, there were speculations whether the Philip

dd to the challenges in developing combination products:

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

pines can become a key player in the BPO industry. But now it has grown to a $3 billion industry, and still growing! And a report from a U.S. investment ba

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

k Goldman Sachs said, “The pace of development of the BPO (sector) in the Philippines has been impressive. It is clear that the Philippines is now very muc

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

on the global map for outsourcing.”

Currently, outsourcing companies and satellite offices are sprouting from Manila to other areas of the country. And t

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

he expansion is not because there is an increase in the demand for call centers, but more sophisticated and high-skilled services like ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ystems-and-websites.com/website-design-service.htm" target="_blank">website design, medical transcription, software development, animation, y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

p://www.systems-and-websites.com/seo-service.htm" target="_blank">seo services and legal services. This means that the US and other countries are findi

.

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

ng talent not only in the capital city, where majority of the technology and businesses are located.

Is it appropriate to conclude that the Filipinos, in

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

Companies that provide selfless information through particip

eneral are highly skilled and talented, wherever they are? Is it enough to consider the Philippines as a more desirable destination for outsourced projects

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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