Advice Pool - Business

Overhead costs for most companies spell the difference between business viability and inability t

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

o be competitive in the market. No matter how much revenue flows into the business, if the costs

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

Examples of combination products may in

of production, marketing, and research are too high, the company loses profit. Proper management

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

and utilization of the company's resources, including its human resources, are imperative in keep

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

ing a business running.

The lifeblood of an organization is its workforce. Like most company res

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

Combination pro

ources, work hours are precious input that must not be wasted. There are several tools available

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

that are meant to measure the performance of groups and individuals. And the age-old practice of

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

monitoring attendance and employee times in and out have taken on a more high-tech nature.

Mecha

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

nical punch clocks and timers are now slowly being replaced by what is called biometric time cloc

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

ks. These clocks use human imprints to identify individuals instead of traditional time cards and

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

swipe cards. The commonly used imprints are those of the forefinger or thumb, palm, voice, and r

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

Following aspects would a

etina.

Biometric time clocks are more reliable in keeping track of employee traffic. By using hu

dd to the challenges in developing combination products:

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

man imprints as reference for a person, the system ensures that the employee has to personally ch

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

eck himself in and out. This eliminates "proxy punching" or having other people register attendan

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

ce for latecomers or absentees. Because of its electronic features, a biometric clock can easily

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

generate a report on attendance. This is helpful to companies that need to closely monitor emplo

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

Professional from academic institutions, pharmaceutical industries, health care indust

yee attendance.

Biometric time clocks are also used as security devices in many government and p

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

rivate facilities. Because human imprints are close to impossible to duplicate and since these cl

.

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

ocks only recognize that kind of identification system, unauthorized people cannot gain access to

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

Companies that provide selfless information through particip

high-risk areas. This also means heightened security for a company's trade secrets and employees

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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Are you letting your customers down with this type of conversation? When you do realize it costs you sales.

Tried and tested ways of motivating staff are finally being recognized as tired and tested and no longer work. Read why not and what is needed to take staff performance to the next level.

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Advice Pool - Biometric Time Clocks

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