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Internet use is increasing rapidly and is revolutionizing the way business is done. New businesses and business models are emerging, customer behavior and expectations are changing, and more customers, suppliers and competitor

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

s are going online.

This presents substantial challenges and opportunities for all businesses. To survive and prosper in this global and competitive environment, businesses must embrace the Internet and use it to transform th

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

Examples of combination products may in

eir business.

The Internet can be used in many areas of a business to increase revenue, reduce costs and improve productivity. The Internet is not just about sending and receiving email and setting up a website. There is so m

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

uch more and the capabilities increase every day.

Businesses should be using the Internet to:

1. Connect

The Internet enables businesses to connect people, businesses and systems, quickly, easily and cheapl

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

. This makes it cheaper and easier to transact and provide information. This improves customer service, lowers operating costs and delivers efficiencies through automation, self-service, collaboration, communication and access

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

Combination pro

to online services and on-demand software.

2. Transact

The Internet enables business to transact online. For sellers the Internet provides the ability to sell online, automatically process online sales and

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

accept payments online. For purchasers the Internet provides the ability to research, purchase and make payments online. This provides significant benefits to both sellers and buyers.

3. Outsource

The Intern

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

t has made outsourcing easier, cheaper and more accessible for small and medium businesses by providing a mechanism to integrate and access systems, transfer data, share and access information, communicate and collaborate. The

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

benefits of outsourcing are large, including lower costs, access to specialist skills and services and more time to focus on core business activities.

4. Digitize

The Internet enables businesses to transfer

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

and access digital information quicker, cheaper and more efficiently than paper documents. This reduces paper flows, lowers operating costs, speeds up business process, improves customer service and makes it easier to store a

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

d search for information.

5. Communicate

The Internet provides multiple ways for a business to communicate more cheaply, effectively and efficiently. These include email, online fax services, instant messagi

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

Following aspects would a

ng, blogs, webcasts and podcasts.

6. Collaborate

The Internet enables information and documents to be stored in a central location and then shared, accessed and updated by multiple users from anywhere in the

dd to the challenges in developing combination products:

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

world with an Internet connection. This improves and reduces information flow and improves teamwork, productivity and security.

7. Inform

The Internet enables businesses to

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

provide different types and levels of information to a wide variety of stakeholders at a low cost. This improves customer service, enables self-service, is easy to update and is cheaper and more efficient than printing and po

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

ting out information.

8. Research

The Internet provides access to a large volume of useful information, from many different sources and from broad to niche. In addition, the Internet provides access to onlin

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 tools that can quickly and efficiently search through information or gather information and present it in an easy to use format.

9. Automate

The Internet enables businesses to automate business processes b

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

Professional from academic institutions, pharmaceutical industries, health care indust

y providing a mechanism for low cost and efficient integration of business systems and by providing access to online services and on-demand software. This lowers operating costs, improves productivity, speeds up the business p

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

ocess and improves customer service.

10. Mobilize

The Internet enables staff to access business systems, information and communications while out of the office. This improves customer service, speeds up busi

.

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

ness process, improves response times and provides greater flexibility to staff.

To survive and prosper in the 21st Century, businesses must embrace the Internet and use it to transform their business. Using

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

Companies that provide selfless information through particip

the Internet throughout your business can be the differentiator between success and failure. Make sure you are aware of all the ways that you can use the Internet in your business and then implement those as quickly as you can

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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Friends and family can either be your best asset or your worst enemy. Those same people who nurtured you when you were young and supported you in your endeavors may not be the best people to take your business advice from. Simply looking at the average citizen who is heavy in debt, fearful of their jobs and watch more television than they do in other activities should give you some idea about whether or not these close friends and family will be a help or hindrance to you.

Accountants -they're all the same aren't they? The same old 'bean counters' offering the same old traditional service options? Actually there is a lot more to choosing your accountant than you may think and not all accountants are the same.

Kaizen is a proven performance improvement tool. Adopted from modern Japanese manufacturers, like Toyota, Kaizen generates breakthrough improvements quickly, without huge capital investments and/or extensive commitments of employ time. Kaizen is an efficient, effective technique for producing change in manufacturing operations.

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