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Is your business ethical?

What I mean is "Does your business do the right thing when faced with that decision?" It's a simple question, which many businesses struggle with. I just don

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

't understand the struggle part?

I have worked for companies that believed they were ethical, and really have no clue. Meaning the decisions they make everyday towards their customers

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

Examples of combination products may in

and employees does not advocate ethics.

So, what is it? When someone in business gives you their word and then reneges, that is unethical. Your word is your promise. Even if it is your

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

business making the statement.

Doing good business and being a good employer is more than your product or people, it is the guidelines in which you do that good business. I'm disappoi

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

ted in how many unethical businesses exist today. I have worked for some of them and they just don't get it... they 'talk tough' but when the decisions are made I can't fathom what mo

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

Combination pro

tivated them come to their decision? It was not necessarily 'doing the right thing'.

Yes, I know profits are pinnacle to most, but that IS NOT the bottom line! The bottom line is how yo

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

ur customer, partner, client or prospect walked away from their experience. What's so hard to get? It also helps you feel good about yourself and your business, and you should sleep b

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

etter too!

Treat them the way you want to be treated... I mean it!

Don't say something you have no intention of backing up with your action. Keep your word in business, in compensation

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

promises, in client promises, in doing good business. This is pinnacle!

I don't want to ramble here, but some businesses need a wake-up-call (yesterday). What puzzles me is why? Wh

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

en you do good business, you get more good business. I'm not just talking about the Enron's or Arthur Anderson's of the World, I'm talking about every type of business out there, in ever

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

y industry.

If each one of us refused to do business with these unethical companies - we would have a lot fewer of them.

Be one of the ethical ones. Do good business, keep your word, d

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

Following aspects would a

on't venture into gray areas, and do the right thing! Sure, it will occasionally cost you something, but it will pay you back, and it won't cost you your dignity or pride or any client w

dd to the challenges in developing combination products:

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

rth having. Isn't your business worth it? Or how about your personal reputation?

Try this: The next few times you're faced with 'doing the right thing'? Well, when you 'do it' - do i

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

t with extreme pleasure!*

*This will pay you and your business back ten-fold. Why? Because that person (customer, employee, client, etc.) is going to tell at least 3-12 other people (

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

potential customers who like to be treated well too). Remember, you did it with extreme pleasure, they're not just going to say they received a refund, or a promotion, - they're going

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

to be jumping up and down at how well their situation was handled!

- Make someone else's day! - you'll be surprised at how well your day goes.

I look forward to running into more good b

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

Professional from academic institutions, pharmaceutical industries, health care indust

siness out there - hopefully yours.

Remember - Doing good business rewards your business with more of it... we're all here seeking to do business with reputable firms, let's do just t

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

hat.

The upside? If your business does good ethical business? Then you are already ahead of a good chunk of your competitors! There's opportunity here. Keep up the good work, partn

.

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

er with other 'like types' and only do your personal business with other more ethical companies, like yours. We could see a decrease in our unethical competition very soon.

Thank you f

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

Companies that provide selfless information through particip

or allowing me to voice my thoughts and encourage the type of business that helped this Country, it's people, and every business - Grow and prosper.

Good luck in your business promotions

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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