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Teleconferencing refers to communication among three or more people that is done via an electronic medium. The participants of teleconferencing do not have to be in the s

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

ame place in order to talk. They can be located at polar ends of the earth and still be able to discuss matters. In short, what teleconferencing does is bring individuals

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

Examples of combination products may in

together in one virtual location.

The American Telephone and Telegraph introduced the concept of teleconferencing in the 1960s through its Picturephone device. During th

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

time, people didn't really see the need for such technology, but over the years, as the cost of traveling from one place to another increased, more and more people were

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

eginning to see the merits of of the Picturephone.

There are basically three kinds of teleconferencing deviec: one that allows audio conferencing and verbal communicatio

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

Combination pro

, which is carried out using the telephone, one that allows video conferencing, and one that allows computer and printed conferencing via computer terminals.

Areas that

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

re far from the city are able to maximize the use of teleconferencing services and devices; so do businesses that have branches or micro-staff in other parts of world. Bu

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

sinessmen no longer need to travel to meet a certain client. He can just audio- or video-conference with the other party and close deals through this medium. Below are th

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

advantages and disadvantages of using teleconferencing devices to communicate.

Advantages of Teleconferencing

The main advantage of teleconferencing is the reduction o

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

communication costs. The savings come because people do not need to travel miles to meet with each other anymore. In fact, according to statistics, teleconferencing can

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

ut down business travel-related expenses by around 30 per cent every year. That could translate to billions of dollars!

Another advantage is that people who are unable t

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

Following aspects would a

attend meetings personally can still gain access to important discussions. Follow up meets have also become more often because of the reduced expense and greater ease. U

dd to the challenges in developing combination products:

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

less, there is a major blackout, no storm or amount of traffic will stop participants from holding a meeting, as these external annoyances are bypassed.

Disadvantages of

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

Teleconferencing

Teleconferencing, while considered a savior of many businesses, is not without its share of negative characteristics. For instance, in the event of a ma

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

jor blackout or a technical failure, you will not be able to teleconference. This communication method relies heavily on technology and modernity to operate well. When th

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

se factors are suspended, meetings are likely to be suspended, too.

It's also difficult to negotiate and bargain if you're teleconferencing. This is because the other pa

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

Professional from academic institutions, pharmaceutical industries, health care indust

ty can simply turn you off if he or she does not fancy what you're proposing, as opposed to face-to-face interaction, where the other party is compelled to stay and conti

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

ue to listen to you. The impersonal feel of teleconferencing also makes persuasion difficult to maneuver.

In sum, while teleconferencing is highly convenient alternative

.

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

to person to person meetings, it still isn't able to deliver the personal touch that is present in all FTF transactions. It is more difficult to judge another person's re

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

Companies that provide selfless information through particip

ction to a certain issue if you just teleconference. However, the cost factor is a major issue and it cannot be denied that teleconferencing can save us millions of bucks

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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