Digg It - Business

My husband's car has had a few mechanical problems this year. It's a few years old and is at that stage where little things need replacing. In fact

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

we found it's got to the point where he needs to buy a new one.

Anyhow it reminded me of what happened earlier in the year when it was taken to our l

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

Examples of combination products may in

cal mechanic for another repair job . At the time of pick up, Robert the mechanic said he hadn't prepared the bill and will do so later and let us kn

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

ow how much it would be. After 3 weeks, we still hadn't received the invoice and my husband suggested I chase it up and I said 'no'. It's not up to

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

e to follow up with someone whom I owe money to, it's their responsibility. When Tama (my husband) called him, Robert said he had been 'too busy' and

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

Combination pro

still hadn't prepared the invoice.

It took about another 2 weeks before we received the invoice of $800. And you know what? I believe if my husband

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

hadn't chased it up, we probably wouldn't have been billed. How crazy is that? (And how crazy was Tama?) This mechanic often complained about the la

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

ck of cash flow and profits and long hours etc. he was working. Having known him for many years, that had always been the situation, but he's too set

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

n his ways to change. He's very negative and not open to new ideas. He'd rather whinge and moan and suffer the pain, rather than change.

Here was a

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

guy who had 'been in business' for 20 years and was still struggling. His problem was he didn't know any better and has never taken the time to learn

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

or seek help. He's 'busy', that's for sure, yet he's not 'productive'.

Some simple things he could do would be to clean out his workshop and his off

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

Following aspects would a

ce which are both in a mess. He would have to be losing a minimum of 2 hours a day because of this situation. Just by cleaning up he and his other em

dd to the challenges in developing combination products:

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

ployee would easily be able to access parts in the workshop. At the present time he would be wasting money purchasing parts he already has but can't

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

ind them amongst the mess.

With the help of a part-time office assistant (Robert again wasted many hours a week being busy on tasks which weren't his

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

forte) he could have freed up more of his time to repair more cars and therefore bring in more business. He was (and still is) 'too busy' to develop

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

his business. There are heaps of simple ideas he can do right now that will make him more money, give him more time and enjoyment in his life.

THE F

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

Professional from academic institutions, pharmaceutical industries, health care indust

INAL WORD

Don't fall into the trap of 'knowing it all'. There is always something you can do to improve your business and your life. A fresh set of

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

eyes from the outside can make a dramatic difference, as long as you apply the knowledge that you learn.

You'll find the people that already 'know it

.

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

all' keep doing the same things they know and get the same results. They're stuck in their comfort zone.

If you want to improve your business and y

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

Companies that provide selfless information through particip

ur life, you need to do something different...and that means taking action!

Have a great week

Lorraine Pirihi Australia 's No. 1 Productivity Coac

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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How sustainable is your current work? How secure is your future, when it comes to sustaining your current job. Will it stand the test of time? How sure are you? Where will you work in the next coming year? Will robot replace your current work? Who knows! Just read this article to find out.

In my experience there are a lot of companies out there that make claims exactly like the title of this article. In other words, you buy their product or service and they will then do the work and you will make money.

There are so many types of vending machines available from different vending machine manufacturers and suppliers. Some machines need electricity to vend the products, while some others use mechanical motion to vend. They come in several sizes, shapes, colors, and prices. Vending machines are found mostly in shopping malls, waiting areas, bowling alleys, businesses, and schools.

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