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Tax deduction. Working at home and owning a home based business reaps many wonderful tax deductions that other businesses may not claim. If you live in the United States, did you know that even if your home business doesn't make a penny, it can put $5000 or mor

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

e in your pocket every year in legal tax write-offs? It's true! Many expenses related to your business can be added to your tax deduction such as your advertising cost, either newspaper ads or magazines ads you run, internet access and long distance calls or ot

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

Examples of combination products may in

er business expenses, keep your receipts for each bill paid. These are items that may be written off. Just be sure to consults your accountant or tax advisor to see if you are qualified for the deductions.

Young children & elderly parents. Being having young c

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

ildren or elderly parents at home is another reason for working at home because some people are looking to combine parenthood with their career. In fact, studies regularly show that many parents would rather stay at home with their children if they could. A hom

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

office presents a perfect opportunity for them to have more freedom. In addition, the cost of a 'nanny' or a home daycare may be too high on a low wage, or parents may not wish to leave their young children regularly with someone else whose primary reason is t

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

Combination pro

spend more time with their children. When child care is in the house, parents can have lunch with their kids or take breaks to play with them for few minutes. Full time child care and elderly home care can be expensive. If you are just starting up your busines

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

or need your full work at home income to make ends meet, then full time child care is probably not an option for you.

Retirement or redundancy. Some people may have taken 'early' retirement before the state of pension age and feel the need for some extra cash

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

As an older worker, however, you will feel that the chance of starting in a new salaried position in a new environment is remote, to say at least. You don't want to dig up your roots and move elsewhere, don't you? At this stage, part time work at home or ownin

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

a home based business would be the right choice. Additional income while working in the comforts of your home - priceless.

Lower cost. With fuel prices heading towards new heights all the time, everything is going to be more expensive, especially transportati

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

n cost. It does not matter if you drive, take the bus or take the subway to work, the bottom line is, it is going to get more expensive. Well, one solution is to spend more time and energy and start walking to work! Another more sensible and practical solution

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

s to work from home. Can you imagine the amount of money you will spend on clothings for work at the office? I did my calculations and it was shocking! Working from home will save all that.

Commuting. Another often very compelling reason for working at home is

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

Following aspects would a

that you're finding the life of a commuter too much to bear. The public transport never arrives on time and you have to choose between leaving home at some ungodly hour before sunrise to arrive hours before anybody else gets into their workplace. Or, you spend

dd to the challenges in developing combination products:

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

ours driving around eating up fuel looking for a parking lot? Sitting in a traffic that can hardly move? What about squeezing with everyone else on that packed bus or train for hours? Surely, there's something you can do which will improve your life style. You'

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

e had enough. You'll work from home.

An unmanageable boss. Do you ever work under a boss who thinks he is always right and your ideas are always left in the air? His or her management skills are no longer used by other peak performing companies. Simply put, hi

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

or her methods are out of date. Communications between him or her and the staff have degraded and the true potential of the staff cannot be fulfilled. Same routine for work everyday looks like dressing uniforms for you. You know there's no chance for you to cl

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

mb above your boss's head, moreover, there's still 30 years to go until retirement. Thinking of suffering 30 more years? No way! If you are trapped with such a boss, fight back! How? Look for new opportunities to start out on your own. Such reasons for beginnin

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

Professional from academic institutions, pharmaceutical industries, health care indust

a business often produce very good results. When you run your own business, you are the master. You take all the decisions and get all the rewards. Start working for yourself, not for someone else!

Stress is another factor. A looming deadline, work overload,

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

demanding client, a vague manager or a constantly ringing phone... The most stressful jobs are, no surprisingly, the ones in which you are under a lot of pressure and have very little control over your schedule. You might need to cut down meetings or get an a

.

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

sistant. A period of excessive work can lead to emotional and physical burn-out. Some people often feel that they must work for long period of times. For example in UK, most people work over 46 hours per week, that's much more compare to any other EU countries.

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

Companies that provide selfless information through particip

This is always linked to a perception that it is necessary to be seen as working long hour in order to justify a decent salary. Unlike working at home, you set your own hours and work when you want if you have a good time management.

Copyright 2007 by Bibi Lie

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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