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Employee recognition and service awards can take shape in several forms. Historically, service awards have been synonymous with employee recognition.

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

Service awards are a way of recognizing employees for length of time with the company and their service to the organization. On milestone anniversar

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

Examples of combination products may in

ies businesses will offer gifts to commemorate the occasion, usually giving the employee a selection of gifts to choose from.

This type of recogniti

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

n has changed a little in the past years as companies have downsized and baby boomers have retired from the work force earlier. Companies are now als

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

o recognizing special efforts by employees. For example, a company might give a recognition award or gift to a top salesperson, or a customer service

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

Combination pro

representative who goes above and beyond. These types of recognition awards should not be confused with incentives, which are more of a motivational

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

tool to reach a specific goal.

Although with these changes in the larger corporate arena, there appears to be an increase in small corporations and

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

businesses offering tenure awards to their employees. The methods of offering this recognition have also changed in the last couple of years.

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

g>Methods of Recognition - The traditional method of recognition was for a corporation to offer gifts to their employees by means of selecti

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

n out of a printed catalog. Today more and more companies are offering gifts to their employees via company branded websites.

Many corporate gift co

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

mpanies and recognition/incentive organizations will enter into a relationship with a corporation and will setup a website with the corporate identit

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

Following aspects would a

y of the client; featuring a selection of gifts for each year of recognition. These will not have dollar figures so the employee will be unable to kn

dd to the challenges in developing combination products:

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

w the exact dollar value of their reward, but they can easily select exactly what they want. The corporate gift company will then fulfill the individ

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

ual order requests.

Setting up a branded website with gift items is an economical way to show employees they are truly appreciated. It gives the fee

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

ling that they are appreciated enough for the business to have a place for them to select gifts that are meaningful to them. It is much more effectiv

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

than just handing them a clock for 5 years, or a watch for 10 years of service.

Types of Service Awards - Many companies such as l

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

Professional from academic institutions, pharmaceutical industries, health care indust

arge pharmaceuticals and banks will present their employees with items that have their logo included. Other companies will offer gifts such as applia

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

nces, personal use products, jewelry or functional office gifts. Some will even offer a combination of logo items and non logo items. The gift select

.

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

on depends entirely on the philosophy of the employer.

An investment in your most important asset, your employees, will prove to have a gre

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

Companies that provide selfless information through particip

at return on your investment. If they are happy you will be happy. Employee recognition and service awards are just one way to show your appreciation

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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