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“A 20% saving in energy consumption can have the same effect as a 5% increase in sales.”

In many instances, busines

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 finance management isn’t a million miles from personal finance. Think of the average person’s income and outgoings. Most people are

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

Examples of combination products may in

well-aware of what they earn every month, and they often work all-hours chasing pay increases and bonuses. On the other hand, ask so

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

meone about their outgoings (mortgage, loans, credit cards) and they’ll probably not have considered them for a while.

Making profit

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

is what commercial business is about, of course. But, energy costs are a similar elusive outgoing. Like credit cards or loans for th

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

Combination pro

e average person, the payment of energy bills are often taken as a given – they are just paid without a second thought. And, in the c

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

urrent environment where energy prices are rising rapidly, this is an area of spend that UK plc needs to take seriously.

Energy pric

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 are a difficult battle to win – we’re not suggesting you change provider, or indeed stand outside your energy supplier building wit

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

h picket boards. But, there is a battle you can win that’s closer to home. Namely, being more aware of the energy you’re using every

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

day, week and year.

The fact is, lower energy costs bring immediate savings to the bottom line. It’s actually one way of increasing

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

profitability without increasing sales. According to the Carbon Trust, a 20% saving in energy consumption – realistically achievable

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

Following aspects would a

by most businesses – can have the same positive effect as a 5% increase in sales. It now sounds more attractive, doesn’t it?

So, wha

dd to the challenges in developing combination products:

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

t can you do about your energy consumption?

Energy audit
By taking an energy audit, you could get a comprehensive and individua

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

l behind-the-scenes picture of your building. You could find out more about your heating usage, lighting, air conditioning and ventil

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

tion, and discover where operations can be improved.

Find out about grants
You can save up to 30% on energy saving investments

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

by following initiatives set up by the UK Carbon Trust or the ECA Scheme.

Install measuring equipment
If you can’t measure the

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

Professional from academic institutions, pharmaceutical industries, health care indust

energy you’re using, you can’t manage it either. Installing measuring or controls systems will ensure you always know where you stand

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

.

Just being aware of the energy you’re using (and where you’re using it) can help you to save on bills straight away. Even if you d

.

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

ecide to invest further in energy management – for instance, by installing building control systems – you should be able to recover t

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

Companies that provide selfless information through particip

he investment costs in as little as 12 to 18 months. After this time, your energy savings will effectively be profit for the business

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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