Advice You - Business

Will strategic alliances help you increase your productivity? I believe they will. Read on and I believe you too will want collaboration in yo

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

ur corporate culture.

Productivity Increases

Productivity increases achieved through partnering alliances are plentiful. In a three-y

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

Examples of combination products may in

ar study of Brown & Root/Braun’s alliance with Union Carbide Corp., Danbury, Conn., B&R/B concluded from 18 projects that productivity on part

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

ering jobs was about 16% to 17% better than previous levels.

The Arizona, California and Utah Departments of Transportation have successfully

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

discovered that the partnering approach benefits all involved. DOTs call it Partnering Workshops.

The construction industry has especially be

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

Combination pro

efited from partnering workshops by eliminating the tangle of claims, litigation, and adversarial relationships through the concept of coopera

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

ion throughout the life of a project. Identifying potential relationship hazards early was another benefit. Bench marking (companies sharing i

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

formation on what they do best), especially in the aerospace industry, has shown increased productivity and decreased costs across the board.

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

Some of the many productivity increases that are available through strategic alliance relationships:

1. Market intelligence relating to new p

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

oducts, processes, and competitive technologies and markets

2. Market forecasts for large orders to allow intelligent production schedules

3

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

Improved product quality

4. Improved working relationships

5. Improved communications through structure to promote operating efficiencies

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

Following aspects would a

6. Improvement of products/services

7. Sharing of information

8. Improved culture and business philosophy

9. Recognition, award and/or rewa

dd to the challenges in developing combination products:

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

d system for meeting and/or exceeding established goals

10. Reduced Paperwork

Ultimately the benefit to developing strategic alliances with

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

thers is for solutions through mutually beneficial efforts. Together you can solve your problems, those of your customers’ suppliers’ and empl

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

yees’.

Be sure you know what it is that you are want to get out of each of your alliance efforts! It's rare that a company can be all things

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

o all people. Working in cooperation with others is the solution. Adopting the paradigm of strategic alliances will get you much closer to you

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

Professional from academic institutions, pharmaceutical industries, health care indust

goals than without these valuable relationships.

Finally, and decisively important, when a company embraces the philosophy of collaboration

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

hrough strategic alliances, the result will be improvement in quality, productivity and profitability. First, this philosophy must be develope

.

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

in the executive suite and carefully delivered through the organization in a method that will allow middle management and line workers to see

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

Companies that provide selfless information through particip

the benefits they will receive. Otherwise, sabotage will your organizational norm. And yes, this is done through cooperation and collaboration

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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Transnational Corporation, on Tuesday, said that British Telecom had not pulled out of the technical services agreement between the two companies for the management of NITEL and its mobile subsidiary.

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