Advice You - Business

Offshore development center, as the name indicates, refers to outsourcing any type of development work. As

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

seen recently, works are outsourced in different means to different locations as a measure of cost cutting

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

Examples of combination products may in

improve efficiency and lower overheads. In this scenario comes the significance of Offshore Development Ce

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

nter. The typical concern in outsourcing work is the lack of personal contact between the buyer and seller.

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

The buyer is typically blind till he gets some solid output from the service provider. At least to a certa

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

Combination pro

n extend he has to believe the quality and reliabilitiy of the service provider whom he has selected for pr

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

oviding a particular service. In the case of Offshore Development Centres, a dedicated team is working 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

he client on a full time basis. This is just a replica of a local office situated else where, but still en

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

oying all the benefits of outsourcing.

This team will be involved only in the requirements of a particular

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

client and will have dedicated managers and team leaders to guide them. It will be much more easier for th

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

client to remotely manage this team. Also, he enjoys the advantage of a dedicated team, which ensures that

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

Following aspects would a

his work will be delivered with quality and on time. All these advantages are enjoyed without sacrificing t

dd to the challenges in developing combination products:

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

he benefits of outsourcing. The Offshore Development Center will function as a second office to the client.

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

All these comes without incurring any additional overheads.

Even the cost of managing this team is not com

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

ng to the client. Considering the ease of management and quality that is guaranteed, Offshore development c

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

enters are coming in a big way. The client has the biggest advantage of communicating with the same group o

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

Professional from academic institutions, pharmaceutical industries, health care indust

er and over again for continuous work.

Because of the communication advantages, cost effectiveness, client

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

control and direct interaction with the team, offshore development centers prove to be a much more effectiv

.

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

e model when it comes to outsourcing. The company maintaining the team will also have the advantage of a lo

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

Companies that provide selfless information through particip

g term association with the client, which in itself will be a morale booster as well as confidence enhancer

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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