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Top Articles - Growing Need of Competitive Technological Intelligence
With the beginning of globalization, lower production costs and escalating production, competitiveness has become a nec
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
essity in the new information society. Knowledge has become the key corporate asset which enables companies to maintain
; 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
their market competitiveness. Presently, companies are involved in various types of intelligence such as competitive,
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
trategic, economic and business intelligence.
Competitive Technological Intelligence is specializes in scientific
Competitive Technological Intelligence is specializes in scientific
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
and technological task and it includes various operation, such as information mining, analysis and integration, thus en
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
bling informational mapping to generate information intelligence reports. These technical and competitive intelligence
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
reports are used to drive innovation and technical decisions to gain competitive supremacy.
Technical intelligence
Technical intelligence
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
alerts companies for threats arising from emerging technologies that could be critical to maintain competitive position
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
. Technical intelligence provides information such as changes in competitors' technologies and business strategies, ind
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
stry trends as a whole, as well as changing market expectations and customer needs. Technical Intelligence keeps compan
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ies up to date with all the critical factors that affect the business. Patents are on of the most comprehensive source
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
of technical information, generally used to gain technical and competitive supremacy in the market. The most important
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
ssue is not information collection, but intelligence use and integration of huge technical and market information into
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
easy to understand format.
Advantages of Competitive Technical Intelligence
The best surpri
Advantages of Competitive Technical Intelligence
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
e is no surprise - avoid being blindsided
Awareness of potential opportunities
Identification of me
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
thods for strategic planning to remain abreast of change in market, customers, technologies, and competitors
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
rend in the core technology domains
SWOT (Strength Weakness Opportunity Threads) analysis
Licensing
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
, acquisition and merger opportunities
Thus having the right technology and right information at the right time is
Thus having the right technology and right information at the right time is
.
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
very important part of business success. In the current fast changing and competitive economy, companies have to get ac
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
curate and timely intelligence on their technical and competitive environment, if they want themselves to be on the top
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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