Main Subject - Business

Exxon recently reported that their annual profit for 2006 was in excess of $39 billion dollars. Notice I did not say earnings,

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

I said PROFIT. When this was being announced on the evening news, the reporters interviewed several people 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

o were pumping gas into their Luxury SUVs at their local Exxon station. They were all singing the same song, "It is immor

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

al for Exxon to make that much money while we are spending over $2.00 a gallon for gasoline." Some were even suggesting 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

at the government take action to keep Exxon from making that much money.

Does it make you angry to hear that kind of news? No

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

Combination pro

me. I believe in capitalism. It is the American way. It is why this country has propelled itself to become the world leade

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

r in commerce. It is why we have the highest standard of living in the world. It is why Bill Gates can go from being broke to

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

the richest man in the world. It is the "American Dream." To expect our government to put restrictions on corporate

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

profits is an insult to our way of life. Besides, the report on Exxon did not explain the whole story. In order for Exxon 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

earn $39 Billion in profits, it had to spend $338 Billion, making its profit margin a slim 10.46%, hardly anyt

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

ing to write home about.

Why aren't we complaining about Citigroup who earned 24.03% margin by gouging us with credit card int

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

Following aspects would a

erest? Or how about Pfizer and Merck, pharmaceutical companies who earned 22.82% and 19.59% margins respectively, while many o

dd to the challenges in developing combination products:

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

the people in this country can't afford medication. No, instead we cry over Exxon's earnings, not realizing that each year we

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

spill more gasoline at the pumps than the Valdez did off the Alaskan coast.

Exxon is no different than any other business. T

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

ey sell their products at a price based upon what the market will bear in order to make money, support economic growth, and sat

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

sfy their stakeholders. If you are unhappy with the profits of Exxon, buy your gas someplace else, stop driving around in inef

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

Professional from academic institutions, pharmaceutical industries, health care indust

ficient, gas guzzling automobiles, support other forms of energy as a way to reduce our dependency on oil, car pool, use mass t

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

ansit, but stop whining when you hear reports that prove capitalism works.

By the way, Microsoft earned 25.86% margin last yea

.

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

r and soon we will all be forced into buying their new operating system, Vista. Are you enjoying that big screen TV you have i

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

Companies that provide selfless information through particip

your living room? Texas Instruments earned 18.51% margin last year. Face it, Capitalism is not a dirty word.

To Your Success

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.mainsubjects.org.ua/article/18783/mainsubjects-Capitalism-is-Not-a-Dirty-Word.html">Capitalism is Not a Dirty Word</a>

BB link (for phorums):
[url=http://www.mainsubjects.org.ua/article/18783/mainsubjects-Capitalism-is-Not-a-Dirty-Word.html]Capitalism is Not a Dirty Word[/url]

With the number of small businesses increasing by the day, the competition from larger companies is also getting tough. If you own a small business, chances are that you have faced stiff competition from some mall, supermarket, or department store at one time.

Utah payroll has some unique aspects and conditions. Some of the details and laws are set out in this article including information concerning: tax withholding and reporting; unemployment insurance taxes and reporting; wage and hour laws; and child support withholding.

Minnesota payroll has some unique aspects and conditions. Some of the details and laws are set out in this article including information concerning: tax withholding and reporting; unemployment insurance taxes and reporting; wage and hour laws; and child support withholding.

Tags

Links

Main Subject - Capitalism is Not a Dirty Word

Related Articles: