Main Subject - Business

Did you know that when you hire someone to do work for you that you may

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

legally not own that work!?! Not unless you obtained an agreement tha

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

Examples of combination products may in

t states that ownership of the entire work is being transferred to you

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

upon final payment. Be it work with a graphic designer, copywriter, g

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

ostwriter, photographer, web designer, software programmer, etc. etc.

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

Combination pro

Know the limits of your contracts.<

EXAMPLE: Let's say you hire a phot

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

ographer to take your photo for your web site. You have an agreement, p

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

ay them upfront, and they agree to send you the photo in a CD. So, you

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

put the photo on your web site AND your letterhead AND your business ca

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

rd. The photographer sees your photo on these items and send you a bil

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

l. Or they send you a request to stop using that picture unless you pay

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

Following aspects would a

them for each other instance that you used that photo. Yes, both these

dd to the challenges in developing combination products:

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

things are legal!

PROTECT YOURSELF! I know the laws and yet I've been

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

burnt. I had an verbal agreement and when I went to "use" that agreem

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

ent I got in some hot water. Get the agreement in writing or don't wo

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

rk with the person. While I hate saying this, not everyone's "word is

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

Professional from academic institutions, pharmaceutical industries, health care indust

heir bond" and people forget months down the line what they had origina

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

lly agreed up. So, to repeat. Whenever you work with someone get an ag

.

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

reement in writing. And if you already have an agreement, look at it t

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

Companies that provide selfless information through particip

o see who owns what and get it fixed so that you own the work -- pronto

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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You went out of your way to make sure that the interview went well, and probably did your homework on the company before going in for that first interview. Now using a job acceptance letter will be a capstone on all your work, and perfect the positive professional image you’ve tried to convey throughout the job search and hiring process.

You may already know that promotional items are an important part of advertising your company and getting the word out, but what are corporate gifts and how do they help promote your company?

Nike and other apparel and shoe manufacturers have built huge empires on selling high-priced equipment. $125 sneakers are outrageous. Will the market change?

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Main Subject - Buyer Beware: Protect Yourself When Hiring Contractors or Consultants

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