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If you are in the service industry then you realize that you must giv

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

e the customer what they want and compete in the marketplace with oth

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

Examples of combination products may in

r companies that also offer services. One thing that service industr

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

executives need to consider is that once you get into the marketplac

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

you will find customers who will tell you they wish you to modify yo

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

Combination pro

r services and they are willing to pay you more if you can do this fo

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

them.

As more and more customers demand different kinds of variatio

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

ns of the services that you already provide it makes sense for your s

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

rvice company to also offer those lines of services. In fact quite of

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 will find that many of the additional services that are asked

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

or in various markets by your customers will be more profitable than

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

Following aspects would a

he current services you provided when he started.

This is because mo

dd to the challenges in developing combination products:

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

t likely you picked a series of types of services that were very comm

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

n in the marketplace and as you got more and more into the industry a

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

nd all the sub-sector industry niches that you serve, you found other

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

services that people wanted you to do and were willing to pay you a l

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

Professional from academic institutions, pharmaceutical industries, health care indust

t more to do them.

Indeed, such new services may have little if any

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

ompetition and it makes sense to exploit these niches and identify th

.

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

m as early as possible so you can make more money in the marketplace

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

Companies that provide selfless information through particip

n your service business. Perhaps you might consider all this in 2006

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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