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Digg It - Outsourcing to China
With many people in China willing to work for $5.00 per
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
day or less you can imagine the benefits to a company, w
; 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
hich has a product that can be built over seas. The incr
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ase in profits is astronomical, as you have basically el
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
iminated your most expensive costs; labor.
Sure there a
Sure there a
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
re issues with time delays due to shipping and you need
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
o get the materials too them as well, but as the economi
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
es of scale go up or the number of units to be produced
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
the cost drops like a boulder onto a two-lane mountain h
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
ghway. These efficiencies are what business is all about
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
.
It is predicted of course as China comes up in the wo
It is predicted of course as China comes up in the wo
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
rld so will the cost of living, standard of living and t
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
erefore the wages too and eventually an industrial revol
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
ution will ensue; similar to the Industrial Revolution,
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
which occurred in United States history.
Outsourcing to
Outsourcing to
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
China makes sense from a business decision standpoint an
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
d although there is much controversy over this issue bre
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
wing in the US political scene. If you are a growing man
.
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
facturing company it makes sense to take a good hard loo
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
k at outsourcing to China, so, consider all this in 2006
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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