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If you’re a sole practitioner or work in a small law firm, you may find that you need occasional administrative support on a part-time basis. Working with a

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

Virtual Assistant (VA) may be just what you are looking for.

There are several advantages to working with a VA vs. a full-time, in-house assistant. Since a

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

Examples of combination products may in

VA is an independent contractor, there is no need for extra office space or equipment, and no need to pay taxes, insurance or fringe benefits. And studies ha

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

ve shown that the real cost of hiring and keeping a full-time, in-house assistant is 2 to 2 ? times the cost of his or her salary. When you work with a VA, t

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

he only cost to you is ‘time on task.’ Simply write one check a month, and you’re done.

A VA works with clients from his or her home office in an ongoing ca

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

Combination pro

pacity, sometimes charging hourly, sometimes via retainer, handling various administrative tasks as needed. Because the VA does not work in the client’s offi

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

ce, it is important to note that the relationship between the client and the VA is extremely important. Communication happens via phone, email, fax, and some

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

imes instant messaging. Documents are shared through email, fax, or through remote programs such as GoToMyPC (http://www.gotomypc.com) or PC Anywhere (http:/

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

/www.pcanywhere.com). These remote programs are generally easy to use, and your VA can even help you get set up to work remotely. Also, materials for project

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

s can be sent directly to the VA’s office when necessary; for example, to handle a bulk mailing of brochures.

As an attorney you might find that your typica

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

l day involves making and answering phone calls and email, scheduling and attending meetings and appointments, court appearances, invoicing clients, and the

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

Following aspects would a

list goes on. A VA could simplify things for you by keeping your calendar up-to-date, screening your voice mail and email messages, setting up meetings and a

dd to the challenges in developing combination products:

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

ppointments for you, invoicing your clients, and even sending out greeting cards to your clients, family and friends. All of this allows you the time to hand

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

le the most important aspects of growing and maintaining your practice.

Some of the tasks a VA will typically handle include:

Invoicing clients
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
>Small or bulk mailings
Making appointments
Keeping your calendar up to date
Screening email
Handling voice mail and/or email, responding

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

on your behalf

Managing contact databases

Maintaining your web site

Submitting press releases and/or articles

Planning meetings

Mak

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

Professional from academic institutions, pharmaceutical industries, health care indust

ing travel arrangements

Internet research

Birthday or holiday cards for family/friends/clients

Online shopping for client gifts

Allowing

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

a VA to handle these kinds of daily details will allow you the time to focus on what you do best, and what is important to you. To get started working with

.

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

a VA, there is usually a 30-minute phone consultation, where each party interviews the other to determine if there is a good fit for a working relationship.

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

Companies that provide selfless information through particip

Your time is valuable, and a Virtual Assistant can help you save a lot of that time on a regular basis. Aren’t your practice and your peace of mind worth it

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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After the much highlighted government investigation into credit card charges, and the resulting guidelines, which caused an immediate reduction in profits for the financial institutions, they are starting to hit back.

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