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There is a tendency of employees’ aging. The positive and negative influences of this trend will be discussed in the article. I will also talk about managerial tools that can be implemented in such case in order to increase business operation’s activities.

When discoursing on ageing the underlying assum

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

ption is the necessary curtailment of physical activities and social involvement. Through the media, social science theory, humour and social policy the suggestion is that with age, peoples abilities diminish and the culture has arose in which people devalue the older person as able, whether it be 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

the workplace or the general life course. During the late 1970s and early 1980s the government spent generously on bribing older workers out of the job market offering early retirement, rather than to be humiliated out of a job, to make way for the young. This in a sense, has left with it a stigma su

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

rounding older workers, therefore, they are perceived as unable, less productive members of the work force.

After the Second World War came the 'baby - boom'. Populations in Organisation for Economic Co-Operation and Development (OECD) countries got much younger. The baby - boomers had relatively fe

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

children and their children, today's young society, are choosing to either have children later in life or not at all. The demographic projectionists did not foresee the continuous fall in birth rates, therefore, it has hit the United Kingdom and various other countries like Japan and Germany hard.

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

Combination pro

onsequently, now this situation has come to light, governments across the borders are attempting to curtail the negative impacts of our ageing population on the economy. 'For the first time in history, the old will start to outnumber the young.

The baby - boomers are now in their early fifties, their

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

prime earning years, with few children. This in contrast to the increased longevity of their parents gives the 'older person' power in numbers as people over 45 years old will consist of 40% of the working population by 2010. What we are presented with is an enormous fiscal challenge, and it has be

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

n suggested that something must be done now to avoid the adverse consequences on pensions, health care, benefits and the population. The dependency ratio between tax-paying workers and dependant pensioners in Britian today is 3.5: 1. By 2050 it has been predicted that it will that the ratio will be

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

.1: 1 and in neighbouring countries for example Germany it could be 1.2:1 and in Italy as low as 0.7: 1. This indicates that every Italian worker will be supporting himself, his family and one pensioner he does not know. One suggestion is to bring immigrants into the countries where the population le

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

els are declining. Devenport suggests that in the absence of immigration, not only will the level of the population fall but so will the ratio between those of working age and those who are expected to retire. Without immigration the only alternative will be to increase the working age limit to 75 y

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

ars, as this will maintain the levels of pensions and benefit support that is currently needed. Penycate however, suggests that millions of immigrants will be needed now to keep the work - pensioner balance as it is and that the simplest, more obvious and most likely solution would be to work longer

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

Following aspects would a

.

If working longer is the most likely solution, how will this affect the employers of these 'older workers' and how could they respond to the ageing of the workforce. Firstly, who are 'older workers'? The Age Discrimination in Employment act applies to individuals aged over 40 years and the committ

dd to the challenges in developing combination products:

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

e for Economic Developments New Opportunities for Older Workers identifies older workers as 45 years pus. We shall assume that the older worker is categorised as 45 years and above and that the older baby - boom generation will just be reaching 6s5 years around 2010.

It has been established that ther

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

are certain attitudes and beliefs surrounding the employment of older people, which has arose from the 1970s. Litrature today suggest that older people are more than able to do the jobs which young people do, if not doing them better. With their wealth of life experience and wisdom which only comes

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

ith age, complements any older worker, and some of the skills which older workers posses are essential for the role of supervisor and manager, for example, how to handle people in a diplomatic way, they have very god judgement and they have the ability of spotting problems before they blow up.

It i

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

important that employers invest in all their workers through training and development, but not always essential in some jobs. However, with an ageing workforce training and development is vital. As the employees reach retirement age employers tend not to invest in them with marketable skills as they

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

Professional from academic institutions, pharmaceutical industries, health care indust

may feel they are not worth investing in for the fact that they are near to the end of their working lives. Nonetheless, retention rates of older workers are higher than them of young people, for the reason that young people tend to switch jobs frequently, therefore, it is the older workers that wi

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

l offer the best return on training in the long term.

There is a variety of alternatives to retirement for older workers, Reday-Mulvey and Taylor suggest the gradual retirement scheme, which is also known as phased, partial or part-time retirement, which is present in Denmak, France, Germany, Luxemb

.

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

rg, Spain and Italy. Employers and Trade Unions are slowly beginning to realise that retiring employees can in fact result in an inseparable loss of expertise and skill, consequently, adopting gradual retirement into the organisation allows employees to reduce their working hours, draw part-time pay

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

Companies that provide selfless information through particip

and partial pension. This permits organisations to use the time left with the employees to use them to train up new workers and serve as mentors, in addition they offer flexibility that other workers may not give as in most circumstances they do not have the commitments which younger workers may have

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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