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Main Subject - Wales Reluctant To Embrace e-Tailing
The online retail boom, which has seriously threatened high street establishments 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 most parts of the UK, has found few takers in Wales. According to the report, 'Inte ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in net shopping in Wales' a huge chunk of population does not shop online because of ce lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. tain security reasons! About 41% of people who have access to the internet do surf t here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe e net but don’t get caught in the lure of gaining a few extra ‘pounds’. Biggest pho d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ia these people have is that while shopping online, they are unaware of their rights 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 and only less than half net users (44%) actually feel that they are very much in fa 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 iliar territory while shopping online. Rather strangely people living in the predomi nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically antly rural areas of mid and west Wales have shopped online this year and it is the 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 ity folks who have kept away from it! This phenomenon can be explained by only one r ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi tionale that, for rural people it is difficult to commute to a proper market place w ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a hile for the urban population high-street is just round the corner. The root cause dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod or this happening lies in the fact that 53% of the adult population in Wales still d cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin not ‘log in’ and have eluded the grasp of the World Wide Web. The basic apprehensio tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen about ‘etailing’ for those who do ‘log in’ is the fear of getting duped by any onli 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 e vendor who is operating out of the legal boundaries of the UK. But after the recen ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust t ruling by the Court of Appeal, which states that the supplier will be held respons y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products ble in case the proprietor can’t be brought to book, might calm some tense nerves. W . 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 th the boom in the Broadband proliferation, the number of people getting hooked to t elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip e net will definitely increase. Till then the Welsh high streets will remain crowded 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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