Main Subject - Business

This is a little off-topic, but last week, I was asked what profession I thought a colleague’s teenager should begin preparing for in order to be successful. My friend was looking for a technology or tw

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

o in information management. However, I found myself going off in a variety of directions, even though I am not so afflicted as to have teenagers yet. I’ll try to recreate, and reduce, my diatribe here…

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

Examples of combination products may in

1. What the teenager brings natural talent and interest to. This must be overriding guidance for any of the subsequent directions. There’s nothing wrong with pushing and refining towards a direction th

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

at is interesting, but success is personal. Creating the best tailored life for oneself, balancing numerous personal factors, must take precedent. For example, if one is willing to and desiring travel,

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

direction would be crafted quite differently from someone who is going to prefer a predictable and repeatable type of day. For those who want to go for those skills that should maximize earnings and de

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

Combination pro

and, these are my opinions around that narrow focus.

2. What cannot be outsourced. This is another of those non-specific guiding principles that should not be ignored. America is a system integrator. Y

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

ou can be a top talent in the world in anything and you will still be highly marketable. However, for professions that can be outsourced, that search for quality (top talent) versus quantity (cheap) wil

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

wane and your differentiation will need to be even higher to command top compensation. By the way, I not only mean outsourced, as in to India, but also to internet automation.

3. Learn to speak Chines

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

e. While our population continues its inevitable, yet slow-moving journey towards universal language over the next several millenniums and it is not all clear what that language will be like, what is cl

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

ar is that the career years of today’s teenager will weigh important the ability to speak Chinese. Trade and diplomacy with the Chinese will be invaluable skills for companies and government.

4. Become

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

a Patent Lawyer. What are we going to do with all this accumulated intellectual property crossing national boundaries? Fight over it, of course. And it’s the patent lawyer getting in the ring for the fi

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

Following aspects would a

ght… over and over again.

5. Become a mechanical engineer. Of all the engineering disciplines, mechanical engineering stands out to me due to the impending need to redesign to replace energy usage, tak

dd to the challenges in developing combination products:

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

advantage of localization of mechanical systems and drive further automation, which is showing signs of being an even higher priority.

6. Any technology that involves the replenishment of resources. F

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

or whatever you believe about peak oil (and soil, water and air), there’s no doubt that energy makes the world go and slowing down what energy does for us (or how many of ‘us’ there are) does not seem t

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

be an option. For those who can make energy more efficient, through current popular or interesting sources – or something new – the world will reward that tremendously.

7. Food Science - helping the h

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

rvesting of our food to scale to population growth. While some localization efforts are already taking shape in our grocer’s selection due to the fear of higher costs of oil, shifting our dietary mix to

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

Professional from academic institutions, pharmaceutical industries, health care indust

more scalable possibilities will be rewarded.

8. RFID Technology. How many more things need to be tagged? Look around. Even if the tag serves no purpose after leaving the store, it helps get it effici

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

ntly to the store. This technology is nascent relative to where it will be as the tags get smaller and cheaper.

9. Personal services that cannot be outsourced. This includes the doctor that has to see

.

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

you personally, but not the one who reads test results. On different scales, keeping in mind item 1 above, speech pathology and even hair styling are other examples of personal services that it will tak

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

Companies that provide selfless information through particip

some time to outsource. However, there’s always the chance that the Flowbee will reemerge with customized features and modern technology for a second go-around, saving men the monthly trek to Supercuts

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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Business Rules Engines (BRE's) have reached a maturity level that makes them a viable strategy for even medium sized businesses. If your business environment is one of rapidly changing market conditions or is susceptible to frequent regulatory directives, then a solution strategy which incorporates a BRE may be the right solution for you.

After all you are paying for the business card to be produced, so why not utilise it fully?

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