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Property asset management is part of asset management and includes property selection, the implementation of

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

policies and performance standards for the said property, and the proper monitoring of the property's perfo

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

Examples of combination products may in

mance to meet the owner's objectives. In order to properly manage one's property assets, several factors are

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

considered prior to acquiring properties.

Since acquiring property requires investing money and finances,

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

sset managers work closely with their clients in planning as to which properties must be acquired. Careful p

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

Combination pro

lanning that includes brainstorming, comparing the characteristics and prices of the items to be acquired, a

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

d checking on their importance to the client in meeting his/her or the company's objectives are done careful

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

ly. These steps are taken to ensure that the company is making the most out of their investments, acquiring

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

roperties which are not only useful and functional but are also reasonably priced. After proper planning, pr

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

operty procurement comes next. The process of procurement includes ordering the items needed and receiving,

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

hecking and making sure that the items ordered are in good working condition.

Property asset management als

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

Following aspects would a

o takes into account the operating costs of the properties that a company has. Operating costs include the d

dd to the challenges in developing combination products:

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

ily costs which companies have to shell out for which enables machines and technology to run. Ensuring that

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

machines and technology are in good working condition would maximize productivity and increase the company's

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

earnings.

Property asset management also employs proper financial management. This involves accurate taxes,

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

close depreciation estimates, and other costs. Because of depreciation or in the event of bankruptcy, compa

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

Professional from academic institutions, pharmaceutical industries, health care indust

ies may dispose of properties as well. Once machines and technology are disposed, these are required by law

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

to be removed from the company's asset statements that asset management takes care of.

Property asset manag

.

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

ment is slowly becoming an efficient tool which enables companies to maximize production as it manages the p

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

Companies that provide selfless information through particip

roperties and may be customized to fit the needs and the goals of the companies which they render service to

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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