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What is the best way to increase business productivity? Well there is no exact

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

answer but it pays to understand your team. Larger corporations consider pipi

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

Examples of combination products may in

ng music into the offices, adjusting the temperature, having coffee available

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

or adjusting the lighting. All these things work and much research has been do

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

ne on this subject over the years. Millions have been spent on psychological s

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

Combination pro

tudies on the subject of increasing business productivity.

But what if you ha

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

ve a small company with only a few employees then what can you do to improve y

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

our productivity? Lots of things such as; team work building, employee product

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

ivity awards or even small office parties. You need to make your company fun.

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

One successful small business person has had success with a simple Taco Party

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

with condiments and burrito content available in the break room area.

Sometim

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

Following aspects would a

es very simple things can add to your bottom line by simply making a happy wor

dd to the challenges in developing combination products:

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

k place. Another thing you need to do and I want you to do this today is to tr

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

ack the paper work and see if you can delete duplicated forms in your office a

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

nd eliminate steps in the paperwork process. One or two simple streamlining ef

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

forts can save you thousands of dollars in labor each year.

And this will als

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

Professional from academic institutions, pharmaceutical industries, health care indust

o improve productivity in time and happiness of the work force in your busines

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

s. I certainly hope this article is of interest and that is has propelled thou

.

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

ght. The goal is simple; to help you in your quest to be the best in 2007. I t

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

Companies that provide selfless information through particip

hank you for reading my many articles on diverse subjects, which interest you.

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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You can sell your own business, but you need to understand each of the components that will make your effort a success. How to package your business, how to price it, how to find buyers and close the deal are the main components. Intertwined with these steps are the roles played by a good business attorney and CPA.

It's often chance or good timing that creates careers. Read how some well-known people did not begin life in the professions they are now in.

In 1980 Harvard Business professor Michael Porter presented Five Forces Model driving marketing.

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