Main Subject - Business

Years ago there was something of a stigma attached to occupying a serviced office. After all, who would want to deal with a company that could vacate its offices at a moment’s notice and w

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

ithout a second thought? Now though the perception is very different. Government departments, law firms, IT companies, financial institutions and many other reputable businesses have sudd

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

Examples of combination products may in

nly seen the light.

So, why would you endure all the heartache of owning or leasing, maintaining, equipping and to a certain extent staffing your premises when you can outsource the entir

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

business cost efficiently to a third party? With managed and serviced offices achieving acceptability the floodgates have opened and worldwide the industry (known as the “Flexibly Manage

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

Office” or “FMO” sector) is booming.

In London for example the number of workstations supported by the FMO sector has doubled, to 52,000, over the past few years – and new offices are qu

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

Combination pro

ckly filled when they come on-line. But of course, commercial acceptability is only one factor in the present growth. Far more significantly is the fact that occupying managed or serviced

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

offices makes very good business sense.

Occupiers are attracted to the flexibility which the solution offers. Agreement periods can be for a matter of months if required and many FMO prov

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

ders will let occupiers vary the office space they take, both up or down, during the term.

SMEs in particular find this an attractive feature, but so too do large companies who may need t

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

accommodate a project team for 6 months or a year. Basically they can move straight in to a fully resourced office and then pay just for the time they’re there. This of course presents t

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

e second great attraction of the managed or serviced office: convenience.

You get a lot more than just the space in the serviced office price. For example, maintenance services, a staffe

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

reception area, utilities, furniture, business rates, cleaning, concierge services and security are just some of the items generally bundled by quality suppliers into their ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

/www.avanta.co.uk/page/Serviced_Office_Solutions" target="_blank">serviced office solution. All of which means you basically get a running office out of the box, for one simple monthl

dd to the challenges in developing combination products:

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

payment.

Technology also plays a part in customers’ decisions to choose managed or serviced offices. The best providers equip their buildings with broadband access, telephone systems and

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

a whole raft of scaleable communications and data options. This means that your phone lines and Internet connections can all be configured and are ready for the day you move in, without y

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

u having to lift a finger; and often at a very competitive price.

So is it cost effective? On the face of it the renting a managed or serviced office may seem pricey in comparison with tr

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

ditional renting, but when you factor in the total cost of running your office (including paying for the above items), the FMO option is surely tempting. In fact a Chartered Institute of

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

Professional from academic institutions, pharmaceutical industries, health care indust

urchasing and Supply study found that a managed or serviced office is the route to go if you want to accommodate up to 30 workstations for a period of up to 5 years.

Finally, Finance Dire

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

tors in the UK are learning to love the managed or serviced office route. Accounting regulations stipulate that all future lease payments are included on the balance sheet as liabilities a

.

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

d this can be a tidy sum if you’ve a 15 year lease with no breaks, denting the value of the company. Going the FMO route avoids this entirely – you just account for your licence payments a

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

Companies that provide selfless information through particip

you make them.

For all of these reasons the future for the Flexibly Managed Office industry looks exceptionally bright - as well it might, given the real benefits it can offer businesses

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.mainsubjects.org.ua/article/46667/mainsubjects-Serviced-Offices--Is-This-The-Future-For-Your-Business.html">Serviced Offices – Is This The Future For Your Business?</a>

BB link (for phorums):
[url=http://www.mainsubjects.org.ua/article/46667/mainsubjects-Serviced-Offices--Is-This-The-Future-For-Your-Business.html]Serviced Offices – Is This The Future For Your Business?[/url]

Building a career as an artist takes hard work. Because the field attracts so many talented people, jobs in this field remain competitive. If you major in an art program at the university level, the ...

Trust is the fundamental currency of business. Without trust our economies cannot function. And yet many organisations, teams and individuals struggle with trust. They struggle to gain their customers trust; they fail to develop their employees trust. Without trust stakeholders become cynical, disillusioned and de-motivated. How trustworthy is your organisation?

Are your methods management or madness? The following are some common management styles. See if you can find characteristics of yourself, or your management, in one or more of the following categories.

Tags

Links

Main Subject - Serviced Offices – Is This The Future For Your Business?

Related Articles: