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Offshore Outsourcing - Leverage Information Technology at Cost-effective Prices

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

Today’s businesses thrive on the ability to provide maximum service at lowest cost. This

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

Examples of combination products may in

perhaps explains the present intense wave of IT Outsourcing to tech-suave countries like India.

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

Today, India is an attractive intellectual capital for global Information Technology companies

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

. As government policies become more liberal in terms of reduced licensing requirements, fewer r

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

Combination pro

estrictions on investment, etc, IT outsourcing to India helps to leverage from immensely intelli

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

gent, skilled and dedicated resource at great cost-effective prices.

Offshore outsourcing to In

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

dia means gain in more than one way. It is an opportunity to expand service levels beyond ordina

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

ry. It is an opportunity to tap into reduced labor cost, 24/7 productivity, dedicated staffing,

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

technical expertise, excellent communication and interaction, and industry-leading infrastructur

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

e, making it easy to do business effectively.

Web application development, data management, cus

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

Following aspects would a

tom product development, CRM and ERP solutions, e-commerce solutions, quality assurance and test

dd to the challenges in developing combination products:

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

ing, technology helpdesk and support, are few of the numerous services being outsourced offshore

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

in order to utilize skilled professionals globally.

However, there is more to IT outsourcing t

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

han what meets the eye.

For offshore outsourcing to be successful there must be an effective be

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

ginning-to-end corporate strategy that accounts for the various likely product development chall

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

Professional from academic institutions, pharmaceutical industries, health care indust

enges. Cultural issues, transitional costs, excessive service-level expectations, security conce

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

rns, stringent legal issues, etc, are few factors to consider before moving towards outsourcing

.

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

offshore. It may be best to deal with a customer-focused company having years of proven experien

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

Companies that provide selfless information through particip

ce offering dedicated offshore outsourcing services as per client’s specific requirements.

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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