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Whether you are in Hardware, Garden Products, DIY, Housewares, or are a Builders Merchant, contract packing provides ‘Good News’ for a growing problem.

As an increasing num

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

ber of buyers improve margins by turning their attention to imported goods, the limitations and specific dangers of this choice must be taken into consideration. Product tha

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

Examples of combination products may in

t is on the water for up to twelve weeks can compromise your profits if it doesn’t arrive in the desired condition, potentially causing you to lose your customers and your m

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

rket window. Furthermore, if you are importing product in bulk to save shipping fresh air, you will need to be able to process it domestically in a cost effective and timely

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

way.

The Pareto principle, or 80/20 rule, in context defines that up to 20% of all such imported product will potentially need some form of attention. It will either: fail

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

Combination pro

Q.C. (yours or your customer’s) because it has not been packed according to specification, require re-packing domestically because it has failed some obscure customer or le

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

islative requirement, it may need re-branding or re-labeling as your market changes it’s mind, or simply be damaged in transit.

You may have had it manufactured and packed

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

overseas, shipping it directly to your customers national distribution center. If it arrives with them and fails their incoming inspection, you may be in for a hefty fine, o

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

r worse, lose the customer. Alternatively, if it’s shipped directly to your own premises, you then need to employ valuable space and labour to deal with it. If the product c

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

mes from overseas, cost and time prevent it from being sent back to the source for rectification, so this must be dealt with domestically in a cost effective way.

What are

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

you to do when you need to act decisively, quickly and above all cost effectively in these situations? Wouldn’t it be nice if you had the capacity that allowed you to react

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

Following aspects would a

to these challenges by utilizing the flexibility of a rapid response team dedicated to providing the packing or re-working of your products; not only that, but at the same t

dd to the challenges in developing combination products:

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

me potentially improve your profits because the work done has been carried out on a piece rated or unit costed basis.

The good news is that such a mechanism exists, and you

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

do have access to it. Out-sourcing, including co-packing or contract packing and rectification has suddenly come of age as the opportunity to improve profits through import

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

ing has grown exponentially.

This has led to a sustained increase in the number of importers requiring either out-sourced packing or rectification work. Apart from the mass

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

ve savings they can make when faulty product is intercepted and redirected for rework before it hits the national redistribution center, it can benefit the customer in a thr

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

Professional from academic institutions, pharmaceutical industries, health care indust

eefold way. It can save them from a hefty fine (Very Important). It can save them money by cost effective unit packing (Profit through Co-Packing). But most importantly it c

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

an save their reputation (Priceless).

Whatever your market enterprise, if you are importing, you will without doubt at some time experience one or more of these situations.

.

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

It is important to remember that this need not be a destructive experience. Changes to our markets have presented us with specific challenges to overcome, however if you can

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

Companies that provide selfless information through particip

perceive them as new opportunities to improve efficiency and profits, through the effective use of co-packers and re-workers then this really is Good News for all concerned

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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A career in pharmaceutical science is always rewarding and pharmacy technicians are the leading professionals in the pharmaceuticals industry. Generally pharmacy technicians do a lot more than pharmacy aides, so the rewards, benefits, and career chances are brighter for pharmacy technicians.

How you set your prices may be one of the most important management decisions you make as an owner or manager of a retail flower shop. A tremendous amount of work goes in to running a flower shop, wouldn't it be a shame to under price your products and not be able to make ends meet? On the other hand, over pricing and putting yourself out of the market before you even begin would also prove to be disastrous. Market conditions and your competition will, in large part, determine your pricing. Bear in mind, though, that depending upon these items only, without analyzing the actual cost of the products you are selling could cause you to loose your shirt. Pricing strategy can be a complicated thing in a retail flower shop. This is because there are perishable items and skilled labor to be factored in along with the raw cost of goods.

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