Useful Advices - Business

It seems to me that everywhere we shop these days, or any service we require involves long waiting times. Stores used to hire enough clerks, cashiers

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

, and service people to meet the needs of their customers. As a business person who understands how to calculate percentage ratios, this makes no sen

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

Examples of combination products may in

se to me.

Mostly in business we set up our labor and many other business expenses based on sales figures. So if we consider larger stores doing reve

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

nues of $30,000-$50,000/day, and their average cost of labor is only ten percent of their gross sales, which is low by the way, they should have betw

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

en $3000-$5000/day to spend on wages. Just figure out the math yourself, how many employees would a store be able to hire a day at eight bucks an hou

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

Combination pro

r?

I can understand that every business wants to save money and increase profits. When it starts affecting the customers comfort levels in their pla

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

ce of business, should they not put up a red flag, and evaluate their policy? The answer is yes, if two events happen, sales drop drastically, or cli

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

nts state their minds.

Last time I went into one of these stores my count was about 22 employees in total. They had 5 out of 10 cashes open, maybe o

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

ne person per department on average, with the exceptions of a few. To find someone to serve me was almost impossible, and then when I did see a clerk

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

she was with anther customer. My wait time was about ten minutes after having to follow her around not to lose my place. Then the person was not sur

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

where the item was located. They had to call someone else, which increased the stay time. Finally I went to the cash and waited in line anther 10 mi

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

Following aspects would a

nutes to checkout. My total time to purchase one item including the long walk to the back was about 40 minutes. As a consumer do you have 40 extra mi

dd to the challenges in developing combination products:

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

nutes per day for each store you shop in? I defiantly do not have that amount of time too spare. Even if I did, it would not seem right to me at all.

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

As a client shopping in their store would it not be fair to respect the fact that time is money for us as well.

We are slowly and systematically be

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

ng conditioned to accept whatever is dished out at us. Think about what your reaction would be going into a mom and pop business, waiting 40 minutes

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

every time to purchase a pack of gum. Would you go back? However the larger companies have conditioned us to go in spend 40 minutes and keep quite ab

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

Professional from academic institutions, pharmaceutical industries, health care indust

out are experience. The funny thing is we keep going back, it is like being in an abusive relationship, and feeling we can not do better with any oth

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

r store.

Next time you are standing in the check out line, trying to find someone to serve you, consider if it would be worth complaining to manager

.

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

or their head office. If enough of us speak our mind, maybe these larger businesses will have no other alternative but to give us the service we des

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

Companies that provide selfless information through particip

erve. In business cheap is expensive. It’s time to let these businesses know we are wise to their game, and will not accept this type of mistreatment

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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