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It is a well known fact that auctions are a unique type of selling where the people are given an oppo

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

rtunity to quote or bid at the products based on their flexibility and money strength. Nowadays, auct

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

Examples of combination products may in

ions are gaining more popularity since it exactly matches the requirement and affordability, governme

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

nt and state auctions being where a lot of bargains can be found. There are no preformatted rules for

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

products that are to be auctioned and it is independent on the factors like product variety, usage r

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

Combination pro

ate, life time etc. Since there are no constraints in the mode of products that have to be sold, it c

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

reates a dependable platform for the consumers to choose their best. There are several private and pu

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

blic sectors trying to meet the people needs through this auction and recently government and state a

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

uctions have also ventured into the field to stabilize the market.

The government usually sources th

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

e products from their own manufacturers, seized products, and they also have a platform to make both

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

ends meet for all the potential buyers. The auctions mode is also categorized in different ways based

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

Following aspects would a

on the market rates and shares such that the values of the products is increased or decreased to sat

dd to the challenges in developing combination products:

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

isfy to meet the economy traits. This government and state auctions has also been acting as a new bus

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

iness opportunity provider such that even a layman can start his own venture. The basic idea which ha

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

s won the hearts of people to buy or sell their products is because of the fact that auctions are alw

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

ays act as an emergency zone for financial purpose for many middle class people and also vice –versa.

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

Professional from academic institutions, pharmaceutical industries, health care indust

Some of the other advantages which would be worth highlighting on this process would be constraint

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

less products, open market, etc. Sometimes there might also be unexpected twist in the auctions where

.

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

the sanctioned auction rate may exceed the original product value making the seller and buyer satisf

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

Companies that provide selfless information through particip

ied. In a nut shell, government and state auctions can be simply stated as a boon to the middle class

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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