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Digg It - Where are the Facts About Outsourcing
Outsourcing of jobs to offshore companies has been a hot-button issue since the 1960s when the United States began losing automoti
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
ve manufacturing jobs to Japan. In recent years, the outsourcing of technical jobs has revived the debate which became one of the
; 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
op issues in the 2004 presidential campaign. However, actual facts and statistics about the effect of outsourcing on the American
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
conomy are hard to come by. Rhetoric, not facts, dominate the discussion of whether outsourcing has an effect on the economy.
The
The
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 is a serious dichotomy between the beliefs of average Americans and those of economists and other experts. For example, a Zogby
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
International Poll showed that 71% of Americans believe that outsourcing hurts the economy but when the Wall Street Journal asked
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
he same question of economists, only 15% felt that outsourcing had a negative effect.
Opinions on outsourcing tend to be divided
Opinions on outsourcing tend to be divided
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
y economic status rather than political persuasion. For example, some Republicans in the House and Senate believe that outsourcing
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
has a terrible effect on the economy and that legislation should be enacted to stop it. However, conservative think tanks like the
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
Heritage Foundation and Republicans with ties to big business believe that the threat of outsourcing has been over exaggerated.
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
iberals are also divided about outsourcing. The Democratic party has traditionally been the party of labor in the United States bu
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
it was a Democratic president, Bill Clinton, who shepherded the North American Free Trade Agreement through Congress, a treaty wh
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
ch most experts agree facilitated the current outsourcing trend.
For every argument for outsourcing, there is another argument ag
For every argument for outsourcing, there is another argument ag
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
ainst it. For example, the Heritage Foundation argues that despite outsourcing more Americans are employed than ever before and th
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
t jobs continue to be created to compensate for those lost overseas. Anti-outsourcing advocates point out that gross wages are dro
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
ping because the jobs that are being created are low-level service sector jobs, not high-tech jobs to replace the ones that are be
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 lost.
The Heritage Foundation, citing the Organization for International Investment also argues that for every job outsourced,
The Heritage Foundation, citing the Organization for International Investment also argues that for every job outsourced,
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
another is "insourced" to the United States from another country, often at a higher rate of pay than the job lost. Anti-outsourci
.
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
g advocates say that those numbers can't be accurately verified.
What is clear is that until the federal government conducts accu
What is clear is that until the federal government conducts accu
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
ate research into the effects of outsourcing on the United States economy, there will be no definitive answer one way or the other
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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