Main Subject - Business

Time Tracking with Timeclock, a buzz work in the workforce industry these days. Lets get into th

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

is and try to understand the goodies.

Vendors say it enables the collection and approval of ele

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

Examples of combination products may in

tronic timesheets for managing payroll, time and attendance, project accounting, client billing,

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

and many other time reporting needs. It also delivers real ROI with a robust feature set and low

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

cost of ownership that fits virtually any size budget. You can quickly automate your timesheet c

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

Combination pro

llection and approval process.

However automate your timesheet collection process for

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

ny organization is not an easy task, since transferring the old data into the new system is by i

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

tself a huge task. Secondly asking employees who till date used to make entries in the register

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

o start using the new system is again at times a very tired-some task and also requires a regula

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

monitoring. However the lasting effects can always allow employees to enter and submit timeshe

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

ts from anywhere via the web as well. These systems minimizes administration efforts by reducing

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

Following aspects would a

errors and cost associated with consolidating timesheet data. Exporting timesheet data to Quick

dd to the challenges in developing combination products:

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

ooks, XML, Excel, text, etc also gets easy with such systems.

Here you are always open for two

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

ommonly sold options, installed software and web based solutions. Some like us prefer installed

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

software since when you have just 5 to 15 employees to manage a web based solution gets more exp

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

nsive. However larger the size of the company the calculations gets reverse. With larger compani

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

Professional from academic institutions, pharmaceutical industries, health care indust

s web based solutions go well with no data maintenance, no servers to manage.

There is always a

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

third option to go back to olden days, withs books and registers and not relying on machines. 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

olden days employers used to rely on humans and today we rely on machines and humans both. Techn

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

Companies that provide selfless information through particip

logy brings in new advanced features into our lives along with a much higher level of dependency

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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