Main Subject - Business

Financial Benefits of Environmental Responsibility

Up until approximately 6 months ago, I was of the impression that being conscious of the environment was strictly for the benefit of the environment itself, and that I would derive nothing from it; the u

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

ltimate beneficiary of any recycling/waste reduction would be future generations, and the greater effect of my efforts would occur long after I was gone.

Thanks to Dr. Anthony Watanabe and my work as the web developer for the ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

eenbuildingfest.com">Toronto Regional Green Building Festival website, I have come to the realization that there are reasons beyond the ecological benefits mentioned above.

In speaking with Anthony, I noticed that he uses the word "sustainability" and the p

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

rase "sustainable growth" quite frequently when describing his business. He even went so far as to conceive the Sustainable Business Resource Centre (SBRC), a network of for-profit and not-for-p

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

ofit businesses whose collective mission is to grow while maintaining a sense of social responsibility and ensuring that they use the minimal amount of environmental resources

It was in speaking to the owners of the other members at the SBRC launch party that I

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

Combination pro

discovered the direct financial benefits of sustainable growth:

Lower energy/utility bills. By using energy-efficient appliances and renewable sources of energy (e.g. solar), consumption of energy resources decreases and, in turn, utility cost

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

s decrease.

Increased productivity. A cleaner office environment will keep employees happier and consequentially more productive.

Government rebates and incentives. Depending on where you live, there may be municipal, provinci

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

l/state-wide, or federal incentives designed to reward environmental responsibility. For example, Natural Resources Canada offers an ongoing series of rebates and incentives

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

for both homeowners and businesses.

Another site worth checking out if you're interested in rebates and incentives is http://incentivesandrebates.ca.

Lower costs on goods, both in the short

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

and long term. Reduced use of goods and recycling provide an increased supply of goods as well as a decreased demand for said goods. Simple economic theory teaches us that this increased supply and/or decreased demand leads to lower costs for goods.

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

/ul>

Ways To Go Green and Save Money

Some of these ways may seem obvious, but bear repeating in order to ensure that as many of us as possible are contributing to our own sustainable growth:

Purchase energy-efficient products for use in th

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

Following aspects would a

e office. Look for consumption ratings on products that make use of hydro and gas. Another positive sign that a product is energy efficient is the Energy Star logo.

Don't print/photocopy unless absolutely necessary. I've seen many people

dd to the challenges in developing combination products:

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

rint non-necessary documents, web pages, and even personal pictures on the office printer and distribute them to friends and colleagues. A good rule of thumb when it pertains to paperwork is, "if you don't need a permanent record of it, don't print it."

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

Turn off all electrical devices and adjust the thermostat to match the outside conditions when no one is in the office. If you don't want to adjust your thermostat manually, consider investing in an electronic programmable thermostat. These ther

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

ostats can be programmed within 10-15 minutes of installation and very rarely need to be adjusted.

Choose environmentally responsible companies for your commercial needs. Companies such as Diamond + S

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

hmitt Architects Inc. that show a commitment toward sustainable growth will help ensure that your needs are met while making minimal use of natural resources.

Transmit mass-consumption documents electronically where and when possible. Besid

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

Professional from academic institutions, pharmaceutical industries, health care indust

es being far less expensive to do so than to mail out said documents, paper use is also minimized.

Consider features for your fax line such as Call Screen and Privacy Guard. Companies such as Primus<

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

a> offer features for any phone line that will allow the owner of the line to filter out and eliminate needless and unnecessary calls.

In the case of a fax line, activating filtering features will allow you to block known mass fax senders from tying up your fax

.

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

line, shortening the lifespan of your fax, and wasting ink and paper an on unsolicited commercial faxing. These features are typically minimal in cost (usually no more than $5.00 per feature per month) and can be considered a wise investment on the basis of avo

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

Companies that provide selfless information through particip

ding unsolicited commercial materials alone. These are just a few examples. If you examine your own business environment, you will likely find many other ways to contribute in a positive manner to both the environment and your company's bottom line

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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Main Subject - Why Going Green Makes Good Business Sense

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