Main Subject - Business

A survey recently conducted by Columbia University indicated that after India, the Philippines have been the “second largest recipient of outsourcing, capturing almost 30 percent

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

of the market.” While another study done by an independent group in 2004 stated that the Philippines ranked sixth in the offshore location attractiveness index and the fourth ch

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

Examples of combination products may in

ice location in Asia after India, China and Malaysia.

All these indicators suggest that the call center industry is the fastest-growing business in the Philippines accounting fo

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

thousands of new employment generated which, in turn, considerably helping the economy and thus being named as one of the sunshine industries in the country. In fact, call cente

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

s in the country are not concentrated only in the business and financial districts but are also present in the provinces. And because of the high demand for manpower, representat

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

Combination pro

ves from Cyber City Teleservices Ltd, the largest call center in the country, is looking to as far as Zamboanga City to recruit call center agents to fill up the many available p

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

sitions the company offers. Although it should be noted that these foreign companies are resulting to outsourcing mainly to cut costs and boost shareholder returns.

There are cu

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

rently more than 50 call centers in the country and judging from the worldwide trend of outsourcing, many more are projected to set up operations here in the near future. The Phi

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

ippines can very well capitalize on this opportunity because of the Filipinos’ English-proficiency advantage against its Asian neighbors.

Outsourcing in General

Outsourcing is

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 execution of an entire business function by a third party service provider. It involves the transfer of a significant amount of management control to a supplier and it always

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

nvolves a considerable degree of two-way information exchange, coordination and trust. Plainly, outsourcing is the most popular practice of local and foreign companies who want t

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

Following aspects would a

o reduce costs while still providing excellent customer service. It must be noted that outsourcing is different from offshore outsourcing and offshoring. Outsourcing potentially

dd to the challenges in developing combination products:

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

nables businesses to reduce costs and concentrate on core competencies while transferring noncore business processes, thereby providing more effective goods and services elsewher

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

.

Business functions that are usually outsourced include information technology, human resources, facilities and real estate management and accounting. Several companies also ou

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

source customer support and call center functions, manufacturing and engineering.

Outsourcing has been around for decades. In recent years, it has been estimated to be a $6 tril

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

ion global industry. But with the growth of this industry, critics have raised several issues, among them the loss of confidentiality, poor quality of service and most significan

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

Professional from academic institutions, pharmaceutical industries, health care indust

ly, the loss of employment for those people whose job falls under the outsourcing category. This is because overhead costs of customer service are less where outsourcing has been

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

used.

In current years, outsourcing has sparked debates from those in favor and to those opposed. Critics point to poor quality of service and technical support, and more import

.

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

ntly, they argue that outsourcing threatens the livelihood of domestic workers. Advocates, on the other hand, counter that companies who utilize outsourcing use the savings for i

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

Companies that provide selfless information through particip

vestment and larger domestic payrolls. Evidently, outsourcing has its pros and cons, and ultimately it is up to the companies to consider which is best suited for their companies

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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As you continue to build your small, local business, one of the easiest marketing approaches in attracting new customers is to embrace your community, while using your web site to gain recognition. A strong community presence brings about notoriety and longevity to your venture.

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