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There was a time in the not too distant past when people kept their professional and personal lives completely separate. The idea of mixing work and pleasure was considered almost taboo. Not only was this t

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

rue for individuals but also for companies. The general thinking was that mixing work with pleasure was likely to negatively affect “the bottom line”. However, in today’s corporate environment that kind of

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

Examples of combination products may in

thinking would be considered archaic and even counter-intuitive. In contemporary business culture there is a strong sense that employees who feel engaged both personally and professionally with their collea

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

gues tend to thrive creatively and productively.

One of the ways that companies have really sought to apply this new thinking is in the regular planning and hosting of corporate retreats. Such events are t

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

he proverbial win-win for the company and its employees. A corporate retreat is effective for a number of reasons. First of all, it demonstrates that the company values its employees as people and not just

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

Combination pro

as individual parts of a larger whole. This is especially the case when companies are willing to “splurge” a little in their corporate retreat planning. Picking a location that is inspiring, picturesque and

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

peaceful can make all the difference in setting the right tone for the people involved in the corporate retreat.

Moving beyond choosing the right location for your corporate retreat gathering (which is es

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

ential) there are several other factors that can contribute to the overall success of your group retreat. Once you arrive in your scenic getaway spot its important to plan the events of your corporate retre

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

at so as to mix in some professional and personal time. If the event is packed full of company presentations- one after the other- your employees may begin to disengage. On the other hand if you’re able to

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

mix in some corporate vision-casting with some personal sharing time, some “outside the box” brainstorming, and some “fun and games” not directly related to the business of the company, you’ll find that the

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

corporate retreat event will come off as a huge success; in every measurable way.

Once you’ve chosen the right location for your company getaway, and you’ve planned the overall scheme of events, another f

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

Following aspects would a

actor than can contribute greatly to the success of your gathering is planning for some company and individual employee recognition time. Take some time to not only plan for the future but also to reflect a

dd to the challenges in developing combination products:

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

nd celebrate the progress you’ve already made as a team. People won’t feel so caught up in the endless retrace of the corporate world if the company’s management takes the time to celebrate the history of t

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

he company; and the contribution of individual employees. Taking the time to reflect like this also helps management to recognize the unique gift-mixes of various people- and this can help to better plan fo

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

future assignments. And when employees sense that management has a vested interest in knowing what they uniquely excel at then employees tend to “own” the mission and vision of the company in a whole new w

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

ay. And once again this is a win-win for everyone involved.

These are just a few tips that can lead to a hugely successful corporate retreat gathering. Keeping in mind just a few simple tips can make all t

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

Professional from academic institutions, pharmaceutical industries, health care indust

he difference in the overall success of your company getaway. If you remember to choose a location that is simultaneously inspiring and relaxing, if you mix in a little work and a little pleasure, and if yo

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

u take time to celebrate the history and progress of the team, then your corporate event is likely to prove more worthwhile than you had ever imagined. You and your team will return to the “usual” work envi

.

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

ronment feeling connected in more ways than one. If done well a corporate retreat will allow this new dimension of connectivity to carry on into the “day to day” of the work-week. Not only does a successful

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

Companies that provide selfless information through particip

corporate retreat bring your employees together over a weekend, but it even more importantly goes a long way towards changing the entire culture for the company. And this is a win-win for everyone involved

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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