Advice You - Business

1. Scale down office space. Office space is very expensive. What if you could eliminate the costs by working from your hom

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

e office? By hiring a VA, you can reduce or eliminate rent costs. A Virtual Assistant works from their own office, so ther

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

Examples of combination products may in

e’s no need for additional space or trying to cram 2 people in a small home office.

2. No need to buy additional office equ

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

ipment and software, and access to upgrades. Purchasing quality office equipment costs money, money that you may not want t

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

o purchase because it will drain your resources. Since a Virtual Assistant works for other clients, she has her own office

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

Combination pro

equipment and supplies. If something breaks, she pays to have it fixed, not you. In order to run her business, a Virtual 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

ssistant also needs to have current software. You can now have access to the latest software without incurring the cost you

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

self.

3. No employee related taxes, insurance, or benefits. Virtual Assistants are not employees, they are entrepreneurs t

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

hemselves. They are responsible for paying their own taxes, and you no longer have to pay for health insurance. You also d

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

o not have to pay for employee sick days, vacations, and holidays.

4. No overtime and after-hours services. What if you ne

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

ed services provided after standard business hours? With an employee, you would have to do the job yourself. A Virtual Ass

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

Following aspects would a

istant offers the flexibility of having your work done even while you are asleep.

5. Minimal or no training required. In o

dd to the challenges in developing combination products:

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

rder to run efficiently, your staff needs to be up to date on software programs and take training. A Virtual Assistant has

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

plenty of experience and requires minimum or no training at all.

6. Pay only for the time you use. When you have an employ

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

e, you have to pay them for coffee breaks, chats in the hall, surfing the internet. You also have to pay that employee rega

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

rdless of the amount of work that needs completed. You may only need assistance for 5 hours a month, or 40 hours a month.

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

Professional from academic institutions, pharmaceutical industries, health care indust

With a Virtual Assistant, you only pay for the time she works on your job.

7. Professional results and dedication to your b

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

usiness. Have you ever felt that your employee is phoning it in? They are only there to put in their 40 hours and could ca

.

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

re less if the company succeeds? Virtual Assistants are business owner themselves and have a high interest in helping your

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

Companies that provide selfless information through particip

business succeed. Because of their experience and desire for your success, you will receive professional and timely results

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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Email Stationery is a new concept meant only for electronic mailing. The letters that are sent by email are generally written on plain canvas. To make them more effective and fun to read, stationery for emails is being used nowadays. Once installed, this Email Stationery becomes part of your virtual letter. It is used both for personal and business emails.

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Advice You - 7 Ways a Virtual Assistant Can Make You Money

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