Advice You - Business

Offshore Outsourcing is one of the most popular practices in the IT industry today. More and more companies

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

are realizing the importance of saving costs and resources. This has generated the culture of offshore outso

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

Examples of combination products may in

rcing companies globally.

India has an edge over other offshore outsourcing companies across the world. Thi

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

s is due to the willingness of Indians to perform tasks at competitive prices with quality results. Furtherm

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

re, Indians have a good grasp over the English language which is an added advantage. Indian companies recrui

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

Combination pro

special coaches and trainers to make their employees familiar with the western modes of life. There are qua

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

lity supervisions and time-bound projects to make their employees more proficient.

The fact that so many co

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

panies continue to outsource is living proof of the popularity of offshore outsourcing in India. Along with

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

he volumes of work that is pouring into offshore outsourcing companies in the country, comes the recognition

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

of talent and expertise possessed by Indian programmers and other man force.

Offshore Outsourcing Companie

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

are offering a huge variety of services to their clients. Apart from BPO, IT services, healthcare, E-learni

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

Following aspects would a

g, web development and Back Office Services are also being provided. Offshore services are provided to 24/7

dd to the challenges in developing combination products:

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

and to different time zones.

Companies are increasingly hiring people with expertise in various fields. For

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

ign companies especially look for organizations that provide services like web designing and development and

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

programmers among others. They are looking at services that could be either short-term or long term.

The fo

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

reign companies in turn can concentrate on their marketing targets while saving time and money in maintainin

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

Professional from academic institutions, pharmaceutical industries, health care indust

IT infrastructure and recruiting and training manpower. But it is recommended to continually communicate wi

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

h each other in order to get good outputs.

Offshore Outsourcing is also a way for foreign companies to crea

.

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

te a base for themselves in a land where they may be planning to expand their business. Once they have maint

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

Companies that provide selfless information through particip

ined a relationship and attained a good understanding of that particular country, they can open their branch

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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