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Just Answers - Are We Now An Information Society In A Knowledge Economy?
Many people believe that we are now living in a knowledge economy and having job skills in manufacturing or other industries will not help
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
you achieve the lifestyle or level of income that you need to support your family adequately. But is this really true?
As we know supply
As we know supply
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
and demand dictates price and let's say you are an automotive car detailer and there are not very many people who can do that job very well
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
; free markets dictate price. The going rate is about $100 for a regular car and $160 for an SUV and takes about 1 to 1.8 hours to complete
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
. Therefore you should be able to earn a good living with that set of job skills.
It is true however that Information is power and it is t
It is true however that Information is power and it is t
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
e power driving innovation and economics. For instance, the IT Industry is in full-blossom with labor shortages and those who are in the I
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 field can make a substantial amount of money and more than most people in most professions. Our society demands more information and more
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
targeted information. This demand will drive up the value of the employee who is a knowledge worker in that industry sub sector.
Knowledg
Knowledg
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
e is Power as well and those who control it also will control the power in the future. Entrepreneurial Capitalists and Industrial Capitalis
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
ts of past periods owned the land and today we see start-up information companies ruling the World. Information has gone Global and in the
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
rocess it is getting mobile and it will fly; it will fly like nothing else.
Governments to survive and continue the ability to give inform
Governments to survive and continue the ability to give inform
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ation to citizens must upgrade IT Systems and eGovernment Initiatives. Business must cater to this new paradigm and they too must deliver i
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
nformation. In all this information distribution, first the information must be collected and it must be of value and correct. Things are m
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
uch different now; if citizens do not trust the information from the government then they do not trust the government itself. Transparency
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
and Accountability cannot be buzz-words.
They want the information, the correct information and they want it first and immediately and so,
They want the information, the correct information and they want it first and immediately and so,
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
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
therein lies the challenge for what is normally a half-buttocks effort of bureaucracy. It is time for government to pony-up and come to pla
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
te reading to hit a grand slam home run with their eGovernment initiatives because the “Click Happy” eCitizen has little if any patience an
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
d even that is wearing thin as we speak. Chop-Chop as they say or the eCitizens will turn into an eSmart Mob and well we all know what happ
.
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
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
ened in France centuries the prior; Chop-Chop.
I certainly hope this article is of interest and that is has propelled thought. The goal is
I certainly hope this article is of interest and that is has propelled thought. The goal is
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
simple; to help you in your quest to be the best in 2007. I thank 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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