Main Subject - Business

With the increased awareness of health, fitness and well being - at any moment in time, at least one of your team is likely to be on some type of

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

diet, detox, fitness regime, trying to stop smoking or simply improve their work-life balance.

Your ability to support your employees in achievin

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

Examples of combination products may in

g their health and fitness goals (as well as any other personal goals for that matter), will always likely to improve their loyalty to you as an e

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

mployer.

Here are 7 ways you can improve the well-being of your team and further enhance your ability to retain great people.

1. Set up subsidis

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

ed membership for staff at the local gym.

Competition for new members is fierce in the fitness industry so it should be easy to secure a good dea

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

Combination pro

l. Of course it also becomes a great pull when you are hiring staff as well.

2. Let your team leave work 1-2 hours early once a week

So they can

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

get to the gym or spend more time with their families. They will be back the next day more motivated and refreshed.

3. Provide free fruit and bo

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

ttles of water for the team

4. Set up arrangements locally for the team to have free or subsidised eye test or dental check ups.

Ensure you set

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

it up in a way that it costs you nothing (or close to nothing).

5. Fire your worst customers / clients.

Clients who are rude, don’t pay on

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

time and don’t refer you new business are simply not worth the stress they cause you and your team.

6. Give away a weeks worth of smokers

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

atches or chewing gum for those trying to kick their nicotine habit.

7. Send them for a walk – Encourage people to get out, get fresh air a

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

Following aspects would a

nd take a walk 2-3 times a week.

It will reduce their stress levels, make them much more effective at work and quite possibly more pleasant in de

dd to the challenges in developing combination products:

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

alings their colleagues and your customers.

Now, you may think this will cost you money and that all this health stuff is a bit “tree huggy

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

” and not really the sort of thing you do. But in reality you can do most of the above on a shoestring and I can assure you the benefits go

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

far beyond staff retention.

The above points will help improve the health and well being of your workforce therefore deliver commercial benefits

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

to you. Sustained improvements in the health of your team will provide with a team that has increased energy, better concentration, improved self-

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

Professional from academic institutions, pharmaceutical industries, health care indust

esteem and probably a stronger immune system which is likely to result in reduced sickness and absence levels.

So helping your team become health

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

ier really is a ‘no-brainer’

So while your competitors may be killing their teams (at least over the longer term!) you are helping yo

.

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

ur people reduce their chances of developing heart disease, diabetes and certain types of cancers - what a great selling point that is when you ar

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

Companies that provide selfless information through particip

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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