Useful Advices - Business

Workplace Ethics is a subject that we have all heard of. In fact, the subject of Ethics in general is something that most people are familiar with. And, what is commonly understood about ethics is there are ethics and then there are workpla

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

ce ethics. What most people don’t realize, however, is that there is no such thing as workplace ethics; ethics are the same, (or, should be) whether in the workplace or in personal life.

WHAT IT’S ABOUT

Ethics are about making choices tha

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

Examples of combination products may in

t may not always feel good or seem like they benefit you but are the “right” choices to make. They are the choices that are examples of “model citizens” and examples of the golden rules. We’ve all heard the golden rules: Don’t hurt, don’t s

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

teal, don’t lie, or one of the most famous: “Do unto others as you would have done to you.” These are not just catchy phrases; these are words of wisdom that any productive member of society should strive to live by.

In our personal lives,

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

most people try to do exactly that. Ethics are thought of by many people as something that is related to the private side of life and not to the business side. In many businesses, having ethics is frowned upon or thought of as a negative s

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

Combination pro

ubject. This is because business is usually about doing what’s best for number one, not about what’s really the right thing to do. You probably are already feeling uneasy just reading this.

A GOOD EXAMPLE

Take ENRON, for example. Were the

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

actions of ENRON’s CEO’s a good example of ethics? No. But, what they WERE was a CLASSIC example of was two things: One, those actions displayed how ethics were not used in any way. Two, their actions painted a grim and realistic picture o

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

f what can happen when ethics are neglected. Had ethics been considered in the first place by the leaders of the company, there would have been no scandal. If ethics were used on a daily basis in every company, there would never be scandals

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

.

Martha Stewart comes to mind when speaking of ethics. Again, there is a feeling of uneasiness when dealing with this topic. But, why is it like that? Ethics are supposed to improve our lives and invoke good feelings. Perhaps the reason e

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

thics is such a sore subject is because they are so often poorly used, if used at all.

A NEW WAY

Ethics are making a comeback. To begin with, more and more corporations and businessmen and woman are now realizing that ethics aren’t checke

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

d at the door when entering the workplace. Ethics have every bit as much a place in the public as they do the private. How is it there should be separate sets of ethics, depending upon whether it is your personal life or your work life? The

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

Following aspects would a

answer is that there shouldn’t be a separate set and in light of recent events that we see on our television sets as of late, more and more companies are realizing this fact.

Some companies are incorporating ethics into their training. It

dd to the challenges in developing combination products:

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

is s subject that can go hand-in-hand with business and when employees and CEO’s alike understand what ethics are about, business can improve. Not only will the community take note of the ethical nature of a business but also so will custo

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

mers.

Periodic reevaluations are suggested in ethics training as well, since times change many things that some would never consider ethical or non-ethical. For instance, when the first computer hacker to send a work into a university comp

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

uter system crippled the entire network that the system was a part of, including that of public utilities – simply because he could do it – a question of ethics is hard to pose. Computers were new, at the time. And, no one had ever been abl

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

e to do such a thing before. With new times comes new technology and new ways of doing things. Ethics will still play a part of it all and refreshing ethics training only re-strengthens what has already been learned, when new ages come abou

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

Professional from academic institutions, pharmaceutical industries, health care indust

t.

In the end, it’s all about what a person understands about ethics. Many university curriculums are now heavily applying the teaching of Ethics and for good reason. Young minds will take this information into the workforce and understand

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

that ethics need to be applied there as well as in the private sector. Corporations will be able to avoid embarrassing scandals that are presented all over national news. Small business will be able to keep and attract more clients and cus

.

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

tomers. Negotiations between businesses could be accomplished with more consideration for the other company in mind, which would only help both.

Above all, a high level of ethics in your business should be in place at least for the custome

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

Companies that provide selfless information through particip

rs. If anything, it is the customer that should be considered the most when it comes to ethical business practices. In the long run, a company will reap great profits from a customer base that feels it is being treated fairly and truthfully

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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