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A serviced office space comes equipped with many benefits that a standard office would never be able to offer. A se

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

rviced office space is one that comes fully equipped. Some of the main features often include furniture, telephone

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

Examples of combination products may in

ines, internet access, and a kitchen. Some of the larger serviced offices also include meeting and conferencing roo

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

s. A serviced office space makes it very easy for a company to move in and get started right away. If you do not ha

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

ve time to take off, you need to get a serviced office space. Some of the major benefits of a serviced office space

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

Combination pro

include:

Flexibility: with a serviced office space you can upgrade your business very quickly without having to ma

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

e many adjustments. If you are looking to move into a new office, a serviced space is best because you will not hav

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

e to take a lot of time getting everything set up. This is a major benefit of serviced office space.

Defined costs

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

a serviced office space allows you to get all of your costs up front so that you know exactly how much you will be

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

paying for a month. In a traditional office space you may have to pay for each separate internet connection. But in

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

a serviced office everything will already be built in. All you need to do is put the features to work! This allows

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

Following aspects would a

for ease of bookkeeping and reduces those headaches associated with controlling your own space. The costs are all w

dd to the challenges in developing combination products:

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

apped up into one fee. there are many different things that go into setting up an office space from scratch. It is

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

asy to get lost in all the details and you could possibly go over budget on start-up.

A serviced space saves you a

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

lot of money on furniture and other start up accessories. These offices come fully equipped with everything that y

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

u will need to start a business. If you have ever bought a 12 foot table and six chairs to go around it you know ho

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

Professional from academic institutions, pharmaceutical industries, health care indust

expensive it can get. Let alone all of the other furniture needed for your office space. These start-up costs can

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

literally put you in the poor house and leaves no cash reserves for business operations.

These are just three of t

.

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

e benefits of renting a serviced space. Contact your local office building and ask if they have anything like this

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

Companies that provide selfless information through particip

vailable. It could be the best decision your company ever makes. It will surely get you up and running much quicker

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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