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  • E-Folder - The Dark Side of Management: People are Selfish and Greedy

    Remember why you came to work today? Was it because you wanted to get started on making
    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
    your company the best and most highly respected in the nation or the world? Probably n
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    ot. You came to work today in order to make money to pay the bills and hope that there
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    is a little left over to spend on yourself. You don't really care if the company makes
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    profit, you really only care if YOU make a profit. Will I have more income than expens
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    es this week? Will I be able to take a vacation? Can I afford to go out to diner tonigh
    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
    t rather than having to eat at home in front of the television?

    Don't be ashamed. Self
    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
    shness and greed are two very powerful emotions that if harnessed properly can be both
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    self-serving and profitable for any business. The secret is to find a way to create an
    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
    environment where these emotions can and will serve two masters. How can that be done?
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    Aligning personal goals with professional objectives is the win-win of management today
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    . Every employee in the company must clearly understand that the way they make more mon
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    ey is for the company to make more money. They must understand how going the extra mile
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    will result in their personal gain. How will they be able to improve their lives by im
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    roving the service or products the company has to offer?

    Compensation and incentive pl
    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
    ans that are too complicated or take too long from the time of service to reward are no
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    t the answer. False hope and empty promises will do more to ruin morale than any other
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    spect of management. Reward programs must be easy to understand, directly tied to measu
    .

    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
    rable outcomes, and frequent in nature. When you start to see small increases in your p
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    ay over a short period of time it will motivate you and others to keep up the good work


    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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