Useful Advices - Business

Business Chances

1: Basic Scientific Research and Development Programs: A Key to Successful Business

A vital part of all the major companies is their R&D sector in the advanced countries. The universities and large institutes e.g. Max Planck Institute, Fraunhoffer Institute,

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

DLR (Deutsche Luft und Raumfahrt), Walter-Schottky-Institute (WSI) in Germany, National Physical Laboratory (NPL) UK, National Institute of Health - USA, National Renewable Energy Laboratory - USA, CERN - Switzerland, CEA - France, NRI - Japan, etc ... They have useful ideas, shaped in

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

Examples of combination products may in

to projects which end into a genuine product as a result of a strong scientific research. If the same strategy and planning is somehow adopted and implemented in Pakistan – to build a research and development department in some large and economically powerful industries – one can start

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

a good subsidiary within that company. How? Well, logically it can be due to focussing a good research on the new ideas related to the industry with a vision for the development of a new or some enhancements and improvements in already existing product. The creation of new projects wi

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

hin the R&D labs would indeed lead government and ministry of the Science and Technology to focus on the job chances. Eventually, the brain drain can be reduced by keeping them fixed to the advanced labs already available in the county. One can say its two way improvement in a business

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

Combination pro

A: A project focused on the product-based scientific research

B: The availability of the quality manufactured goods in the country means “no import” – saving the resources of a company or indirectly budget of the country…

Consequently, the also collaborate with other universities a

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

nd institute in order to use some of their advanced equipments and instruments to evaluate their products. The main theme here is to stress on the opening of R&D sector and new industrial projects where the brain can be used and scientific ideas can be technologically shaped into a use

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

ful and market demanding product.

2: Agriculture and agri-product

Predominantly, Pakistan is an agriculture country. Most of the revenue generated is through agricultural products. Main crops grown are wheat, rice, Sugar cane, vegetables and fruits. The quality basmati rice is

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

one of the main exports to all major countries of the world. Fine quality cotton produced in the “cotton belt” – the area famous for the cotton production – is a back bone of most our industries. This cotton contributes a vital role in Textile industry. As a result the textile industri

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

es in Faisalabad – a renowned city for textile and fabrics – have earned international recognition for such business opportunities in fabrics. If the international customer dealings and exchanges of the new ideas are done with priority, one can jump from small to medium scale company.

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

Least but not the last, there are many opened doors in fabrics and textile in order to maintain a good level in accordance with the global standards. The import of Agricultural machinery is also a fruitful business currently in demand. The advanced machines not only reduce the time b

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

Following aspects would a

ut also the human effort is reduced.

3: Mineral resources

Salt mines, precious gems, Marble – white and different naturally fringed-patterns – are found in abundance there. The only need is to seek the modern technologies to tunnel them out and refine into precious stones for

dd to the challenges in developing combination products:

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

xport. Industrial management in collaboration with “advanced brain” can double the value of the product in global markets. The application of computer based marketing for the mineral and products could integrate a lot of its costumers. When we speak about globalization, we get an idea

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

of closely packed identities and products available to everyone. One can understand that an easier approach to the availability of any product is the key feature for a good business. If the globalization of the item for consumption is done in international standards one can earn the r

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

ight “value” of the time consumed.

4: Telecommunication, Mobile Technology

Personally analysing a couple years, this sector is making progress by leaps and bounds. The emerging technologies and new devices for a better communication have brought foreigner companies to invest

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

in this sector. Currently, the access to internet, mobile communication, DSL and VoIP and “Home-oIP” projects are/should be the main targets for the investor from inside of the country and the abroad multinational concerns as well. A major collaboration of mobilink GSM, Paktel, WARID,

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

Professional from academic institutions, pharmaceutical industries, health care indust

Fone are actually public and government patronized companies open to free-n-fair and on compatible-terms dealings. It is worth saying that the interested investors from any part of the world should just have a brief look on such golden “revenue generator” in Pakistan

5: Online Bank

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

ing:

If properly and modernised up to the international standards, one can progress by fast means. There is a strong need of internet banking so that people can transfer or get access to their “liquid money”. The online banking projects should be a good step in the Incentivization

.

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

by the public sectors. Customers and industrialists get know-how about the growing business legends based upon the fast internet banking. Online internet banking has been a fast and safe method of trans-fixing the credits into or a foreign country. Introduction of such a system would/

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

Companies that provide selfless information through particip

is update the country’s economy. At the moment, internet online banking needs more consideration to focus on and further improvement as well. Multinationals internet companies should cooperate in building a strong network of money transferring into and out of the country.

Contd:

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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Useful Advices - Business - Bright Chances In Pakistan - A Review (Part II)

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