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First, I want to state that India has a lot to offer as a country. There are also a number of great people. I’d risk to say that the vast majority of Indian people are

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

honest and hardworking. However, business environment in India is still under development. That is an indisputable fact, and there are number of problems. The follow

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

Examples of combination products may in

ngs are some of problems of running a business in India.

Banking sector has a couple of problems. To be more specific, those who work in the banking sector are not exa

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

tly a problem. My guess is that most of them are honest and hardworking; they’re probably also quite talented, intelligent and capable. However, there are too many 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

alities and procedures than necessary. For example, it took nearly two weeks for me to open a bank account in India, while I opened the account at India’s premier bank,

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

Combination pro

ICICI. There were a couple of reasons why it took two weeks, but it is unusually a long time to open a bank account despite that. I opened several bank accounts, inclu

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

ing a business bank account, in US over the years, but it only took one day to open each bank account. I had to transfer a fund from my US business account to the new b

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

nk account in India; it took two weeks. There were a couple of reasons why it took two weeks, but it is also a long time to transfer a fund; these exemplify problems of

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

the banking sector.

There is ma?ana mentality not in the sense that everyone is playing and partying everyday and not getting things done but in the sense that things d

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

not get done on time. For example, I essentially delegated several administrative tasks to a couple of Indian people; they are very capable but they don’t always get t

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

ings done on time. One time, I asked to get me a doorbell for my flat (apartment) to one of them because it was very difficult for me to get this done since I did not s

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

Following aspects would a

eak Hindi; I probably asked this two months ago. I still do not have the doorbell. I know him pretty well and I know that he has a very hectic schedule; however, two m

dd to the challenges in developing combination products:

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

nths is a long time for anyone to get a doorbell. This particular task is nothing urgent, so I am not upset about it, but something like this happens often.

Lack of th

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

basic infrastructure stands out. Electricity problem is very visible. Electricity goes off a couple of times a day on average even during winter, while Indian people

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

se less electricity during winter than during any other season. Using UPS (Uninterruptible Power Supply), you can prevent data loss, but if you run a kind of business t

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

at requires you to use electricity the whole time that you work such as web development, you have zero productivity when electricity is off. Water supply problem is the

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

Professional from academic institutions, pharmaceutical industries, health care indust

e, though it is not severe; most businesses, specifically businesses in the service sector, do not suffer from the problem because they typically do not use water to run

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

their businesses, but it can become a minor problem. Internet connection works for the most part, but the connection gets cut off occasionally. This can result in the

.

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

oss of productivity also.

Most problems can be managed, and as a matter of fact, I am running an internet business in India. However, problems described here are recog

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

Companies that provide selfless information through particip

izable and they do affect. Those of you who plan to set up an operation in India should remember these problems. Chances are these problems will be there for some time

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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Today with the internet and the information technology, work online from home jobs have been a continuous way to increase your income, there are many work from home income opportunities in the online marketplace.

There are so many new approaches to online business, but what about the old style approach of a personal mentor? Does that have a place in modern Entrepreneurialism?

Have you ever wanted to have your own business? Have you ever wished you earn extra profits and not just depend on your husband’s salary or even with your own income? If you do, then, having a small business is one of the best endeavors you can have.

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