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During the last century the concept of business went through major changes in terms of the company ownership (Papers4you.com, 2006). Nowadays, fierce

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

competition is no longer only in the access to market, but also in what regards to business ownership. Most of times, deals involving mergers and ac

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

Examples of combination products may in

quisition involve billions and are reported in newspapers all the time. The process of globalisation had an increasing effect on access to foreign fi

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

rms’ ownership control, and thus becoming the process of controlling other firms more usual. The traditional family business concept is now under thr

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

eat and the concept of business has changed as a consequence of the trend.

Basically the operation of merger and acquisition is defined as when two

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

Combination pro

companies get together, either by resulting on a new firm or by one being controlled by the other. The former form of merging firms is known as conce

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

ntration and defined as A+B = C and the later is known as incorporation and represented by A + B = A. Another important issue is related to the natur

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

e of the firm business activity or the market in which they operate. A process of merging companies is a strategy of diversification of the business

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

and can be of three forms. Vertical diversification occurs when two or more firms in different stages in the value chain are merged into the same com

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

pany. Horizontal diversification is present when the merging occurs between firms operating in different business (e.g. Virgin). Finally, geographica

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

diversification happens when firms expand their territorial control by merging or acquiring companies operating in different geographical location.

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

Following aspects would a

There is a huge number of examples on mergers and acquisitions. Although only the one involving higher amounts of money become known to the public.

dd to the challenges in developing combination products:

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

And it is so widely used that there is also a great number of academic literature devoted to the study of the phenomenon.

The consequences of a hig

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

her number of mergers and acquisitions is a higher concentration of the business, which implies possibly implies a higher level of monopoly (under ce

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

rtain circumstances) and the business ownership control in the hands of few (Papers4you.com, 2006). In both cases there are losses for the economy, v

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

ia the increase of the prices and because the overall economy becomes more dependent on few economic agents. On the other hand, the concentration of

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

Professional from academic institutions, pharmaceutical industries, health care indust

activities permits higher levels of profits (when economies of scale and economies of scope are present) and eventually increasing the investment lev

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

els in the country (in the case that these profits are reinvested).

References

Papers For You (2006) "P/B/600. International mergers and acquisitio

.

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

ns: literature analysis", Available from http://www.coursework4you.co.uk/sprtfina42.htm [19/06/2006]

Papers For You (2006) "P/F/393. Mergers and acq

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

Companies that provide selfless information through particip

uisitions: criteria of success", Available from Papers4you.com [19/06/2006

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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Many corporations are spending a lot of money to come up with a statement about their Corporate Culture, which then of course is valid for and must be lived up by each and every employee! This approach contains already failure and I'll tell you why!

A customer service rep is employed by different types of companies throughout the country and serves as a direct contact to customers. They are responsible for ensuring that customers receive an adequate level of help when it comes to questions and concerns.

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