Main Subject - Business

How Offshore Outsourcing Model Works

The model we suggest is very simple. You simply pass on the requirements of your client to us and we send you our quote (say Euro 600). You are free to charge

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

whatever you want from your client (say Euro 2000). When the deal is through, you send us the details and we complete the project for you. The process we follow during the development keeps you ful

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

Examples of combination products may in

ly involved and informed of daily progress. Finally, you earn huge profits without having to employ a big team and without facing operational hassles.

In case you are concerned about privacy issue

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

s, we would like to convey that we totally respect it and you don’t really need to disclose the name or contact of the client to us ever.

Once our relationship gets rolling, we make profits throug

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

h the sheer volume of regular projects you pass on to us and you make profits by simply bringing in new work, leaving the delivery to us.

Wake Up! Numerous companies like yours are already making

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

Combination pro

better and faster money by adopting the offshore outsourcing model being our strategic partners.

Benefits of Offshore Outsourcing

1. Varying Time-Zones - Harness the advantages of differences in

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

the time zones, after all India is GMT + 05:30!

2. Enhance Quality Standards - Outsource your requirements to us and utilize our technical expertise and extensive domain knowledge.

3. Cut Costs Y

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

ur costs actually dip by approximately 40% when you outsource your software development requirements as compared to getting them done within domestic boundaries

4. Increase Profitability Outsourci

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

ng web development requirements is a tried and tested model which works towards ensuring higher margins for you in the form of lower costs

5. Technical Proficiency Be smart and take advantage of t

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

he capable intellectual capital available in India

6. Operational Adaptability by quickly adapting to changes in client requirements

7. Global Exposure by establishing alliances with leading offs

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

hore interactive media experts like Magnon, you can take your business to remote markets

8. Total Focus on Core Business By outsourcing non-core business activities such as website design and web

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

Following aspects would a

development, web hosting, content management system development, e-commerce website development, shopping cart development, payment gateway integration etc, you can completely focus on your core co

dd to the challenges in developing combination products:

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

mpetencies

Why Outsource to India?

1. More than 10 years of Experience in Software Offshore Outsourcing legitimizes why India is professed to be the best in this business!

2. Robust Education Sy

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

stem Equal emphasis on topics like English, Mathematics, Science just goes on to enhance our viability and technical base

3. Availability of Huge Human Resource 2008 will witness the surge of more

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

than 15 million people in the IT Industry

4. Maximum Cost Advantage Research has shown that the US economy has made profits of US $.14 for every US $ 1 invested through outsourcing

5. Favorable G

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

overnment Policies GOI is taking leaps towards promoting Offshore Outsourcing to India by offering various tax benefits and sops for IT and ITES industry

6. High Security Measures by introducing I

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

Professional from academic institutions, pharmaceutical industries, health care indust

T Act, 2000 which legalizes policies related to data security and data crime, you can completely trust our professionalism

7. Low Labour Costs 8. Appreciation for software development discipline

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

s

Facts

1. More than 80% of US companies preferred India as their first choice for offshore outsourcing

2. India boasts of a stable democratic government that has been in existence for over 50 y

.

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

ears and is amongst the top 10 fastest growing economies in the world

3. India has been involved in software export to close to a 100 countries worldwide including United States of America (US), U

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

Companies that provide selfless information through particip

nited Kingdom(UK), Australia, Canada, Middle East, Russia, Europe etc

4. Indian-Americans are responsible for running more than 750 organisations in Silicon Valley, United States of America's (USA

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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