Main Subject - Internet and Businesses Online

E-procurement is purchasing implemented through the Internet. It has an important role

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

in achieving efficiency and effectiveness in business today. This results in a reduct

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

Examples of combination products may in

on in the intermediate costs and labor that are associated with conventional systems.

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

The e-procurement initiatives involve many issues such as security, the products to b

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

procured and also the investment needed. Despite the various complications, an increa

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

Combination pro

ing number of companies are joining the trend owing to the enormous cost savings e-pro

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

curement can bring in.

One of the major issues concerning e-procurement initiatives i

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

security. Companies usually desist from sending sensitive information over the Intern

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

t for security reasons. The growing number of cyber crimes has added doubts regarding

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

the reliability of the Internet. Security measures such as authentication and encrypti

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

n are therefore employed while passing sensitive information between companies. Anothe

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

Following aspects would a

major issue concerning e-procurement is the type of goods that are procured through t

dd to the challenges in developing combination products:

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

he online medium. Companies usually prefer to source smaller, inexpensive goods such a

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

office stationery. Larger complex orders that usually take weeks or months for negoti

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

tion are done in the traditional manner. However, the rapid improvement in software te

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

chnologies has encouraged some companies to employ e-procurement for expensive product

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

Professional from academic institutions, pharmaceutical industries, health care indust

also.

Companies launch e-procurement initiative with a view to improve the overall p

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

rformance of its business machinery. Although the initial investment required in hardw

.

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

are and software may be high, the return is even higher. Some studies indicate that a

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

Companies that provide selfless information through particip

ompany can enjoy returns as much as 300% of the initial investment, within three years

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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