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On Tuesday March 20th, 2007, the Associated Press reported a computer tech wiped out $38 billion dollars of account data for Alaska'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

Department of Revenue. The article reported that it would cost about $200,000 to re-key the data from their paper backups in over 300

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

Examples of combination products may in

oxes. This story is not uncommon, and data loss could cost more: it can put you out of business. For most home users, data loss means

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

lousing address books, pictures, memories, resumes, check books, and music. While this probably is not catastrophic, some can never be

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

recreated. For a business though, their data makes them more efficient: pulling something up in the computer and not having to pull a

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

Combination pro

aper file. For some businesses, this data is critical. To determine how critical your data is, go a month without using is: do not ope

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

any existing documents, no computerized accounting, don't think about sending an email using your address book, and do not use Outloo

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

in general. When your data is gone, it has gone to digital "La-La Land" to never return.

The Value of Data

When considering

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

he value of your data, we have two routes: data recovery, and data re-creation. Data recovery for a single drive may cost from $750 -

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

3,500. A stripped RAID array with parity (RAID 3) would cost from $2,250 to $10,500. If data recovery is possibly, it might be worth c

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

nsidering.

The other method to recover data is to re-enter the data. This value could be determined by the amount you would pay staff

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

Following aspects would a

to enter data. The quicker you need it, the more costly - over-time. Consider a company who louses a year of accounting data. The acc

dd to the challenges in developing combination products:

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

unting department consists of 4 fulltime employees making $14 an hour. The cost to recreate this data would be approximately $112,000.

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

These estimates are for data that can be recovered. Sometimes data recovery is not an option, and the data is lost. Unlike on the TV

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

eries CSI and 24, data is not always recoverable. In preparation for this type of disaster, you might consider what data cannot be rec

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

eated, or the cost to recreate exceeds your means. Backing up data is not just important, but critical. The cost to recreate the data,

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

Professional from academic institutions, pharmaceutical industries, health care indust

the time required recreating data, and the loss to efficiency can strangle an organization.

Considering the cost to get your data bac

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

, you should be prepared to lose it. Backup any data you cannot go without. In all likelihood, these backups will be the difference be

.

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

ween having this data, and having to go without this data.

[This is the first part of a series of articles covering data loss, backup

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

Companies that provide selfless information through particip

, and interrelated topics encountered by Internetwork Consulting.

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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A Logo is a shortcut to visual identification and memory retention and the key to better communication.

Part 2 of a 2 part question and answer about a job search. Finding a job can be a difficult task at times and finding the right answers can be even more difficult. You will find all.....

In the contemporary business world only thing that seems to be constant is change and the nature of the competition is such that companies need to leverage on the way they manage change to gain a competitive advantage.

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