Main Subject - Business

However hard we try, we seem to make life more difficult for ourselves; more challenging; more complex. Yet it needn't be so. try out these five questions with a r

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

egularity; a discipline and you will reap rewards. You will certainly reap rewards.

What do my customers want?
Getting inside the hea

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

Examples of combination products may in

of your customers is a recipe for success. Taking the role on of one of your customers or clients and seeing from their perspective helps structure a sound and gr

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

wing business. Better still, ask them what they want, need, what irritates them and thank them for their insights. Take complaints as a real positive - for know

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

ng what went wrong, gives you information you can correct and grow stronger on.

How do I get the best from my people?
Enjoying the benefits of trul

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

Combination pro

'turned on' people in your business, makes a huge difference. Finding out what they need to be successful for you can be more challenging. But wait! Have you ask

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

d them what they need to do their best for you? Be sensitive and responsive to their needs. This simple step will provide you with all the people strategies that w

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

rk. Many solutions will be very easy to do and can build belief and trust in you as a manager. The bigger challenges can be solved by using your people to have a

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

ositive and constructive input. It will be worthwhile - for everyone.

How can we make best use of our resources?
What resources? People, goodwi

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

l, reputation, location. USP, and more... Well, make sure first of all that you understand what they are. Ask your customers and people what you represent to them

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

- and then do more, much more of it. Then review those things that you can do less of, save resource costs on. Focusing on what you are best at and dropping thi

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

Following aspects would a

gs that don't create value for you can be very value-creating.

What wastes our time?
It's a simple question, but with an easy answer. What value i

dd to the challenges in developing combination products:

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

created when I spend time on this activity? If your challenge is to make ?100 an hour profit for your organisation, is what you are spending your time on doing ju

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

t that? What things do you and your people do, which does not? Try stopping doing things, some of which you may have done for months and years, when little or no

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

alue is created and switch to more things that do. Stop some things and start others - simple as that.

What do we need to change?
Constantly revie

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

ing where you are in your business and making small course adjustments, like the autopilot of a jumbo jet, will maximise your performance. But whilst leading the c

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

Professional from academic institutions, pharmaceutical industries, health care indust

ltural shift can develop autopilot-mode, the first steps are for managers to spot-check all they do manually. Doing this will encourage your people to start to do

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

t themselves. Remember, the best time to review, review, review, is when you are successful. And then be very challenging and honest about yourselves. Build it in

.

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

make small but significant changes regularly, once you have evidence of drifting off course. That makes for a consistently healthy & growing organisation and redu

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

Companies that provide selfless information through particip

es the need for cataclysmic change.

Are you up for this refreshing challenge? What better way to start your new focus on your business, organisation or team

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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This is part 1 of a three part series that deals with corporate naming. Part 1 deals with whether to conduct naming as an organic initiative or to outsource naming to a third party service provider.

There are a number of categories in the field of accounting jobs for the job applicant. All of them focus on the financial operation of a company, and offer various and rewarding opportunities.

Performance contracts. Performance management - useful or major challenges? They are easier if they are kept simple, through strong and trusting relationships built and people effectively managed through daily informal contacts - yet someone, sometimes isn't listening at all! Take a look right here...

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