Main Subject - Business

Your company enjoys prominence in your type of industry, in fact, you could in the top 1,000 corporations in the U.S., as we speak, so why outsource?

Microsoft, In

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

tel, Cisco, IBM, Google, Amazon, GE, Reuters, and other giant companies tried it and found out, it did not only work, it made a difference!

Outsourcing services to

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

Examples of combination products may in

foreign shores have proven benefits, as well as detriments. It is imperative therefore that you submit to the strictest scrutiny, credentials of the outsource servi

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

e provider, before you enter into an agreement with anyone of them.

An outsource destination becoming a “niche” among globally-entrenched corporations like Hewl

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

ett Packard, Dell and Oracle, among others, is – India!

India enjoys a boon in offshore outsourcing. Fortune 500 companies dock on its shores in droves, and mo

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

Combination pro

t of these companies even set up offices, right at the heart of India’s “Silicone Valley”, Bangalore. Obviously, India fits to a “T” with most of its clients’ deman

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

s. What made India a “match”, rather than a clash ? Here are some known factors:

Technical Mastery.

Foresight and a keen business acumen are forerunners of

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

India’s imminent rise to IT dominance. Its government saw the future in IT education and put a stake to it. Now, it is starting to pay off.

India is a gold mine o

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

programmers coupled with academic excellence. At a fraction of the cost paid to programmers in the US, UK and Japan, India can provide a throng of programming expe

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

ts.

Ongoing Technical Research.

India is one that will not sleep on its laurels. As demand for its IT professionals picks up, it continues to develop and

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

pgrade its specialized base of IT knowledge to maintain its IT prominence.

Good governance and conducive business incentives.

With conducive tax incentives

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

Following aspects would a

for foreign companies seeking outsource services, and a stable government which runs the affairs of the country and its people, most global companies find India th

dd to the challenges in developing combination products:

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

ir best outsource stop.

Even time favors India! India’s time zone jibes with US time zone. A round the clock work schedule is followed, thus clients find their bus

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

ness on top of things all the time. The knowledge that your business is closely monitored, 24/7 is everything you could hope for, from an outsource service provider

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

. In India, this is not an option, it is a way of doing business.

Outsourcing benefits.

Outsourcing to India spearheads quality and productivity – solution

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

are delivered faster, at reduced time. Routine functions, that do not contribute directly to the attainment of company’s revenues can be delegated to outsourcing,

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

Professional from academic institutions, pharmaceutical industries, health care indust

hus managerial focus is geared towards competencies that will have impact on the company’s growth and survival.

Company’s resources that are allocated in the perfo

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

rmance of non-core operations can now be re-channeled for purposes that can provide more impact, either on revenue or enhancement of competencies.

Latest technolog

.

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

with relevance to maximized output and effective management tools can be shared by both client and outsource service provider.

The bottom-line, however, remain

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

Companies that provide selfless information through particip

the same. Outsourcing to India appeals to most companies due to reduction of cost, which could be between 60 and 80%!

Now, isn’t it time for yours? Try India

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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