Main Subject - Business

Managing Hardware Assets can be a daunting task. Exactly what needs to be 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

racked and for what reason.

The reason is simple enough. The company books

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

Examples of combination products may in

or Accounting department. Within the corporate structure accountability ne

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

eds to be addressed in terms of taxes and associated liabilities. I will no

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

t jump into that because it is way too deep for this discussion. But that i

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

Combination pro

the underlying reason.

Okay, for the What. The hardware that needs to be

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

tracked is virtually every active piece device that connects to the network

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

and even those that do not.

This means ever file server, printer, copier,

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

scanner, and a users computer. It also means the router, switch, firewall,

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

UPS, and tape backup drives. If you can think of it then it probably needs

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

to be tracked.

In my case, we use mostly Dell equipment. So I document the

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

Following aspects would a

service tag, description, and year & month purchased. I update the list an

dd to the challenges in developing combination products:

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

nually and give a copy to the accounting folks.

New equipment needs to be

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

added and obsolete equipment needs to be removed. If you dispose of a devic

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

e you will need to update that as well.

That is it. Simple, huh?

Trust me

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

As mundane as this sounds it is pretty important. You should be aware of t

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

Professional from academic institutions, pharmaceutical industries, health care indust

he life expectancy of your devices so you can plan on replacing them when t

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

he time comes or at the very least being prepared. Also, you are responsibl

.

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

e for this equipment even if it is retired. So do not let any employee take

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

Companies that provide selfless information through particip

home corporate hardware assets and sell it on eBay. that would not be good

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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