Main Subject - Business

A Virtual Assistant is a business owner who provides administrative support and specialized services to assist businesses and executives with their overflow. A Virtual Assistant can handle any task that is usually ha

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

ndled by an in house employee, but unlike an employee, a Virtual Assistant shares your goals to succeed in business; they only succeed if you succeed. But why would you want to work with a Virtual Assistant instead o

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

Examples of combination products may in

having the physical presence of an employee?

No Hidden Costs
A Virtual Assistant takes care of all the usual employee related costs including such things as wage related costs, vacation pay, sick days, statuto

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

y holidays and benefits. Not only that, when you hire a Virtual Assistant, you are no longer required to pay overhead costs associated with an employee such as providing a computer and the associated software program

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

or even a desk. With an employee, these costs can add up to 50%-100% over the hourly rate of pay you are paying your employee. With a Virtual Assistant, what you see is what you pay; if the Virtual Assistant charges

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

Combination pro

$35 per hour this is the price you pay.

No Time Commitments
Virtual Assistants can provide you with services on an as-needed basis. If you only require 1 or 2 hours of service this month, that is all you pay fo

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

. Where would you find an employee who is willing to work for just 1 to 2 hours per month? In most areas, labour laws require you to pay your employee(s) in 3 to 4 hour blocks of time. So even if you could find someo

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

ne willing to work for just 1 day per month, you may have to find enough work to keep them busy for those hours or pay them even though they are not being utilized.

Experience/Expertise
Most Virtual Assistants

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

pecialize in a niche area where they have experience and/or expertise. This allows you, as a business owner, to work with a highly skilled and experienced person no matter the task at hand. As a business owner you co

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

ld easily utilize the services of several VAs, each with their own specialty. You could have one VA handling your bookkeeping, one maintaining your Web site and another still planning your corporate events and meetin

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

s.

No Wasted Time
Productivity inefficiencies are a huge concern for employers these days. Many employees, when asked, admit to wasting their employer’s time on such things as personal matters, surfing the In

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

Following aspects would a

ernet and socializing with other employees. With a Virtual Assistant you only pay for the time they are actually working on your job. When they are talking to their mother on the telephone, surfing the Internet or so

dd to the challenges in developing combination products:

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

ializing, it is on their time and not yours. Many Virtual Assistants take this one step further and dedicate blocks of time completely to your job and will not even answer phone calls or emails during that dedicated

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

ime. When they are working on your project it has their complete and absolute attention until the task is completed.

Fellow Business Owner
Perhaps the most important consideration when comparing Virtual Assista

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

nts to employees is that unlike an employee, a Virtual Assistant is also a business owner like you. Both you and your Virtual Assistant are interested in achieving success because as your partner they only succeed if

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

you succeed. VAs, more than employees, understand what it takes to run a successful business.

Remember, however the biggest advantage to working with a Virtual Assistant is that you are not limited by the talent poo

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

Professional from academic institutions, pharmaceutical industries, health care indust

within your geographical area. Thanks to technological advances, your Virtual Assistant can be the person that best fits your needs and personality, regardless of whether they are in the next state or province, on t

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

e other side of the country or even in a completely different country than you are.

ABOUT THE AUTHOR:
Yvonne Weld is the owner of Canadian based ABLE Virtual Assistant Services specializing in providing adminis

.

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

rative and bookkeeping support to busy entrepreneurs. She is also the author of The Ultimate Guide to Creating a Thriving Business which provides a step-by-step guide to documenting your business. For your free audio

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

Companies that provide selfless information through particip

teleclass on the areas you should consider when documenting your business and for more information about The Ultimate Guide to Creating a Thriving Business, visit the Web site at http://www.thrivingbusinessmanual.com

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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Website Advertising can be done for free if you know where to look. Site promotion can easily make you money. Knowing what to do is the hard part.

Although organizations have much in common with one another, they differ in many ways. Some organizations are large, and some are small. Some operate in one product area, while others operate in many diversified areas. Some operate in a small geographical area, whereas others do business in many countries of the world. That’s where the role of workforce management systems comes into the fore. To cope with these varied objectives, strategies and situations, managers adopt different workforce management systems.

Let's talk about how companies can work to improve the seamless connectedness between their lead generation activities and their sales activities. A lot of companies have many, many disconnects between the parts of the organization that actually generates qualified leads for the company, i.e. usually marketing, and those who actually convert those qualified leads into sales opportunities and close new business for the company - in other words, the sales team.

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