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Main Subject - RFID and Business Ethics
RFID stands for Radio Frequency IDentification. Its supporters tout its amazing power to streamline it supply chain. I am in agreement with those supporters. RFID wi 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 ll significantly increase the efficiency of supply chains. The problem with RFID is that the RFID tags will be released into the world and become a privacy and securit ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in nightmare. I think that the true potential of this technology is as big as the internet. That is a bold statement, but think about it. The internet is electronic co lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. ntent in small pieces linked together. RFID taken to its logical limits becomes the internet of things. Imagine if every thing made in the world could shout out its e here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe istence. If you have enough RFID scanners and internet capacity you could place every man made object in its GPS location. Get your mind around that for a second. Ev d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ry manmade object with real-time global placement. This ends many things: cash, theft, and privacy. Why would world wide RFID end cash? There would be no need to exc 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 hange currency because all of everybody’s possessions would be tagged. You go to a store you pick up what you want and then you leave. No stopping at the cash registe 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 cash register will be a relic like the slide rule) the RFID readers at the door know who you are and what you came in with and what you are leaving with and will nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically debit you cash at the bank or put it on your credit card. Why would word wide RFID end theft? Why steal anything the police will just pull out their PDA and find the 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 item and arrest you. Also don’t try to cheat on your taxes the government all ready knows what items you posses. The end of cash and theft sound like a wonderful idea ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi , but remember someone knows all that you have purchased where from and how much you paid. Do you want your child or boss to know every purchase you have ever made. B ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a etter not pick up that resume book at Barnes and Nobles because you boss who subscribes to a futuristic RFID listing service will be able to know you are looking for a dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod ob. I hope you never have an ex boy or girl friend track you down with the serial number from that pair of jeans they bought you. True world wide RFID is the "Interne cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin t of Things" (term taken from the book SPY CHIPS and website www.spychips.com) will end privacy. Now governments are putting these RFID Chips into Passports and Driver tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen license. Public schools are tagging your children so they will be able to know who sneaks away for an unauthorized bathroom break. They use the same technology on yo 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 r kids as ranchers use on their livestock. A government agent will be able to follow you around town from the comfort of a Fort Meade computer center. The potential f ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust or abuse is staggering. I feel that this issue is as significant as Cloning but it is not getting the press in the mainstream media. This is because the mainstream me y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products ia is bought and paid for by corporations pushing RFID. I am a Conservative Christian Business man. I believe in the right of business to make a profit if they work h . 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 ard enough. On this issue I find my self allied with the far left fringe. This is because business is looking at the short term bottom line and not the long term effe elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip ts on the world we share. Who wants to live in a world without privacy? I call on businesses to think about your RFID strategy and its effects on the world we live in 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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