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Assets are not ends but means to some useful ends. Prudently managed assets can result in incredible gains. Assets can be tangible as well as intangible. A skilful management of

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

assets leads to their complete exploitation and saving of organization funds. Inefficiency in management of assets can lead to loss of funds in the company and so its poor perf

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

Examples of combination products may in

ormance.

Any business is constitutive of numerous big and small issues such as cost management, capital budgeting, expense accounting, financial planning and reporting and so f

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

orth. But along with controlling or managing tangible goods, raw materials, finished products, vehicles buildings and other such items, businesses at present also need to take c

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

are of their intellectual assets. Asset management comprises of a commendable percentage of managing concerns in an organization

Due to its enticing results the lure as well as

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

Combination pro

the role of asset management is increasing day by day. Asset management is turning out to be a global trend as international maintenance engineers are joining the expanding ass

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

et management group. Consequently many significant and novel strategies have evolved in this area. While traditionally asset management meant dealing mostly with the fixed asset

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

s of a company at every stage, in the contemporary world besides development of many commercial asset-managing firms that impart services for monitoring various resources of the

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

company, different software packages are available to efficiently handle the assets of a company.

Planning for asset maintenance leads to specific or desired results in a cost

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

-effective manner. This in a way guarantees that the company’s asset portfolio remains functioning and productive for the least long-term cost.

The first step in asset maintena

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

nce is to evaluate the assets- which assets need must be preserved and which not. During this process the assets that have a relatively short life, require little maintenance su

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

Following aspects would a

ch as furniture, might just be excluded. But for the assets that require regular maintenance, a well-framed asset maintenance strategy is necessary.

An asset maintenance strate

dd to the challenges in developing combination products:

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

gy can be defined as a comprehensive plan that states the asset, the performance expected of it and the extent of its maintenance. It also describes the systems and procedures t

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

o be adopted to plan and handle the maintenance work. A maintenance strategy also chooses the means of resourcing and implementing maintenance and also hints at any requirements

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

for in-house plant, equipment or spare parts. Last but not the least it presents the targeted costs of routine maintenance.

There are two factors that together contribute to t

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

he development of a maintenance strategy- the level of maintenance required for the asset and the maintenance priorities. The level of maintenance stands for the maintenance req

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

Professional from academic institutions, pharmaceutical industries, health care indust

uired of an asset and its expected performance. While maintenance priorities deal with higher priority maintenance tasks like those affecting the health and safety. This will en

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

able maintenance effort to concentrate on these areas even if resources fall below the desired levels.

The asset maintenance strategy should then be transformed into annual mai

.

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

ntenance plans that present the maintenance tasks to be performed ever year. An adequate maintenance plan entails an effective asset maintenance that in-turn leads to a long ter

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

Companies that provide selfless information through particip

m reduction in life cycle costs, improved asset performance and service, optimization of asset life and better public opinion regarding the asset’s service and safety standards.

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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If you are responsible for security within your organisation, there are a couple of current issues that you need to be aware of: Firstly the introduction of new European Standards in intruder alarm installation and secondly, the impact of the Private Security Industry Act 2001 on the manned security sector.

The Limited Liability Company is the newest kid on the block among the legal entities available in the United States for operating your business. For many entrepreneurs, it is the ideal marriage between the tax advantages of the limited partnership and the limited liability feature of the corporation. Now available in all 50 states---even to non-U.S. citizens--most likely the LLC should have a key place in your business structure.

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