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You are here: Home > Legal > Regulatory Compliance > Federal Trade Commission Makes Horrific Merger Decision |
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Answers - Federal Trade Commission Makes Horrific Merger Decision
It is amazing sometimes the way that our Federal Regulators operate 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 , as they prevent some industries from consolidating and due to pol ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in itical pressures disallow others. Indeed the business office supply lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. business is completely competitive and the move by Staples to acqu here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ire Office Depot should have been allowed because Staples early on d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro could not get the funding needed to expand as fast a Office Depot. 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 Staples runs a tight ship and needs more locations for economies of 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 scale and to compete with Office Max, Corporate Express and online nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically Office Supply companies. The Federal Trade Commission rather than 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 understanding the dynamics of the industry and the reality of the ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi market place and its history has yet totally botched another deal, ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a which is needed to help the consumer and industry work towards serv dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod icing the market place. Without the Office Depot Staples merger the cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin consumer will be harmed with less service in the Office Depot Stor tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen es as they cut thousands of jobs. The Federal Government regulator 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 s in the opinion of many analysts reviewing this proposed merger is ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust yet another example of poor management? And may I ask what a few 2 y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products 6 year old type reviewers and government regulators know about offi . 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 ce supplies? Heck the government wastes more money on paper clips p elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip er year than the amount of this merger deal. Consider this in 2006. 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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