Useful Advices - Business

Corporate crime? I'm not sure that there is such a thing. If we want to reduce the crimes that are given that lable, we

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

need to quit handing out large punitive fines to corporations. The idea isn't as radical as it sounds.

First of all,

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

Examples of combination products may in

hen I say that there isn't such a thing as corporate crime, I simply mean that it is always individual people who commi

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

crimes. With that in mind, you can imagine what my better way to reduce this crime is: Go after the criminals!

Who

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

Pays For Corporate Crime?

Exactly who pays when a large corporation is fined for breaking the law? To begin with,

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

Combination pro

he stockholders pay. Many of these are innocent retirees who have money invested with the company and had no idea they

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

were breaking the law. Then the employees pay with the loss of jobs, if the financial situation of the company is damag

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

d by the fines. Who doesn't pay? Just the criminals - the individuals who chose to break the law.

All crimes are commi

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

ted by PEOPLE, not companies. When a company dumps poisons into the environment, a PERSON made the decision to do that

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

or several people). When a company steals from a pension fund or violates workers rights, INDIVIDUALS made those decisi

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

ns. People commit corporate crime, not corporations!

If you want to stop corporate crime, start putting the individual

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

Following aspects would a

s who are involved in the crime in PRISON. Our current system often has company officers making cost/benefit calculatio

dd to the challenges in developing combination products:

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

s as to whether the profits from certain crimes are greater than what the occasional fines add up to. Even though laws

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

re broken, they stand little chance of being held personally responsible. Why not hold them responsible?

To fine compa

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

ies for the actual costs imposed on others by a crime is appropriate. We have to clean up toxic messes, and in other ca

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

es compensate those who suffer damages. This also means that shareholders have a reason to be careful in who they elect

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

Professional from academic institutions, pharmaceutical industries, health care indust

to the board of directors. However, "punitive" fines are ridiculous unless they are levied against the individual crim

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

nals. Make the person who committed the crime pay the fine.

Is this such a radical idea? I don't think so! By the way,

.

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

which do you think is more likely to deter a corporate officer from committing a crime, a fine that is paid by the comp

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

Companies that provide selfless information through particip

ny, and doesn't even affect his salary, or ten years in jail? The answer to that gives us the answer to corporate crime

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 - Corporate Crime

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