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Digg It - Offshore Outsourcing - The Magic Mantra Of Success
In today’s business scenario the two magical words are ‘Offshore Outsourcing’. Promising grow
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
th and value addition to your process at a much lower cost. To begin with, the big question.
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
What is offshore outsourcing? Offshore outsourcing is a process where an external organizatio
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
n is hired, in some other country, to perform one or all the functions of the organization. I
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
we talk in a broader prospective, then following are the criteria for a company to opt for o
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ffshore outsourcing.
An organization will go for outsourcing if the job doesn’t require dire
An organization will go for outsourcing if the job doesn’t require dire
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
ct customer interaction.
Offshore outsourcing is a big hit amongst Telemarketing Services. M
Offshore outsourcing is a big hit amongst Telemarketing Services. M
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
any companies outsource work which involves high content. If the work can be transmitted over
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
net, then companies prefer outsourcing to save cost.
One major reason of offshore outsourcin
One major reason of offshore outsourcin
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
g to be such a big hit is the difference in wages among the original and offshore countries.
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
If the infrastructure is easy to set up, companies outsource it because of the cost advantage
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
offered by the offshore country. Across the World, Asian countries are emerging as the most
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
referred destination of offshore outsourcing, and earning good revenues. The reason? English
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
speaking talent pool available at a lower cost delivering high performance. India is one of t
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
he most favored destination for offshore outsourcing with universities churning the highest n
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
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
umber of graduates and engineers in the world and India has the largest density of people hav
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ng English language skills.
The great Indian Talent pool - not only at the micro level but a
The great Indian Talent pool - not only at the micro level but a
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
t the macro level, makes it a best destination for outsourcing. A destination where manageria
.
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
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
l services and functions are best in the world. Welcome to 'India and Atlogix' is one such co
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
mpany where you will find a perfect holistic approach towards each project outsourced to them
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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