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There are new and existing businesses that need a physical office front, but incurring the expense of leasing an office space can put a strain on their budget. Some businesse

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

s are not zoned to run their operations from home and maintaining a professional image is a must. So what do you do about your financial operational dilemma? Try investigatin

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

Examples of combination products may in

the services of an executive suite.

Many areas have executive offices that provide a “Home Office Plan” designed to solve the problem of having a physical office front. The

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

e executive suites offer businesses an option, where you pay a nominal fee per month and receive services that are conducive to personally operating your own office.

The exe

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

cutive suites monthly fee offers the following services:

1. Receptionist: A live receptionist and not an automated operator will professionally answer the phone using your b

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

Combination pro

siness name, generally during normal business hours. You will need to notify the receptionist when you will be out of town or unavailable. It helps the staff to handle your t

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

lephone calls in a professional manner.

2. Personal Telephone Number: You receive your personal telephone line, allowing the receptionist to knowingly answer incoming calls

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

with your business name.

3. Conference Room: Normally, most home office plans include access to use their conference room with an assigned amount of hours per month. You wil

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

need to make reservations with the receptionist as far in advance as possible to schedule usage time. You can purchase additional hours if needed. Most conference rooms are

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

quipped with a white board, TV, DVD, telephone with speakerphone, VCR, overhead projector, etc.

4. Physical Mailing Address: Your business will have a physical mailing addre

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

s, so that you can receive regular mail and special deliveries (i.e. Fedex, UPS, DSL, etc.).

5. Fax number: You will be assigned a fax number to receive or send faxes. Price

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

Following aspects would a

s for communication services are applicable.

6. Voice Mailbox: Your incoming calls can go directly to your voice mailbox during regular business hours and/or normal business

dd to the challenges in developing combination products:

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

hours. The receptionist can send your incoming calls to your mobile phone or another number if you request it during the day.

7. Copier Access Number: Assigned when you need

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

to use the copy machine. There are charges applicable for self and full service photocopying.

Generally the staff includes a receptionist, administrative assistants and a ma

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

nager. If you are generating revenue, you must have a business privilege license in that county. You can purchase additional services offered by the staff such as: preparing

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

ord processing presentations, typing, color printing, PowerPoint presentations, mailing services, conference room rentals, coffee service for your guests and dictating servic

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

Professional from academic institutions, pharmaceutical industries, health care indust

s.

Depending on the location of your executive suite, the monthly fee will be a fraction of the cost to run a full fledged office. And here’s another perk: you don’t have to

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

incur the added expense of paying employee benefits for this office staff. A “Home Office Plan” gives you all of the advantages of having access to a professional staff in a

.

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

professional office environment. This can be a workable solution to your business’ daily operations. So, if you’re looking for an efficient, cost effective option to run the

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

Companies that provide selfless information through particip

lerical portion of your business, without ripping a hole in your pockets, shop several executive suites to see which “Home Office Plan” package is best suited for your budget

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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The first year in real estate can be rewarding for those that can set objectives, gather information to support and find resources to meet them. When a new agent that I coach doesn’t have objectives, information or resources it’s a red flag. Being a fresh face in a new career and office overwhelms the majority of we call the future of real estate.

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