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What do these companies have in common? Sears, British Aerospace, General Electric, IBM, Lucas, United Airlines, Swiss Air, Philips, Pepsi, Coca-Cola, Citibank, Morgan Stanley, AT&T, Wal-Mart,

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

Reebok, General Motors, Boeing and Sony ?

They all thought of India when the need of putting up a virtual team to assist their software needs became too hard to ignore.

India focused heavil

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

Examples of combination products may in

y on technical instruction . There is a vast supply of manpower that can deliver expert solutions to almost all programming tasks. The level of expertise of IT professionals in India is at par

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

with its Western counterparts, only at a fraction of the cost, of what most IT professionals and experts receive in the US, or United Kingdom.

India was voted by most company giants in the U

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

S, United Kingdom and Japan as their leading outsource destination. Aside from labor being cost-effective, India can deliver software solutions to virtually all software needs.

Setting up a v

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

Combination pro

irtual team in India allows you to concentrate on your company’s competencies that are profit-generating, those that will increase your revenue, while your third-party service provider, or vir

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

tual team, does the support functions.

Setting up a virtual team in India is the best option there is, at the moment. Eighteen corporation giants thought so, and they never have wavered in th

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

eir choice, since then.

What is there in setting up a virtual team?

For one, an American company setting up a virtual team in India saves to about 60% of his usual operating cost. Hiring an

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

outsource service provider to manage low-level, non-core operations cuts off a considerable sum from the budget allocated for in-house recruitment, hiring and training of manpower.

IT profess

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

ionals and support groups from the outsource environment are already trained and have considerable experience, thus, lead time for training and development of new employees are saved, as well.

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

Though mostly operating overseas, the client can virtually set up his own team, duly supervised by the outsource service provider. In common parlance, this is called “dedicated” outsource.

Ou

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

Following aspects would a

tsourcing to places like India minimizes the employment gap between IT professionals in India and those in more developed countries. Outsourcing allows home-grown talent to surface, without ne

dd to the challenges in developing combination products:

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

cessitating a costly travel abroad, just to earn dollars. Outsourcing allows many IT professionals to earn a considerable sum, while they remain in the comforts of their homes.

In a nutshell,

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

setting up a virtual team in India offers lots of benefits: Primarily, it is cost-efficient, secondly, it affords access to a vast manpower pool of seasoned IT professionals, including their

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

businesses. A client outsourcing services to India, gains access to a myriad of expertise which he can utilize for his own business, today or in the future.

Minimization of attendant risks in

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

hiring manpower overseas is possible because the virtual team may either be run by a duly authorized service provider who is licensed by its government to operate and manage a business, or a

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

Professional from academic institutions, pharmaceutical industries, health care indust

group of IT professionals who may likewise have legal identity to get into contractual obligations.

Unlike direct hiring, an outsource solutions/service provider is directly responsible for i

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

ts people, and there is no existing employer-employee relationship that exist, between the outsource service provider and the client.

This saves the client from the hassle of managing and dev

.

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

eloping people, as well as provide for benefits as provided for by their host country.

Seamless benefits. Setting up a virtual team in India provides your business that, and a whole lot more.

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

Companies that provide selfless information through particip

If you are looking for Dedicated Staffing, Offshore Hiring, Hiring a dedicated IT professional or Recruiting a Professional Virtual Team India, Please contact us for a no obligation proposal

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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