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Answers - Why Not in the Philippines?
According to an Ibon research, an estimated 3,000 Filipinos leave the country everyday to find jobs abroad. The scarcity of jobs is already a sign that all is not well an 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 d that the economy lacks an internal dynamism that is able to productively harness and employ the Filipino workforce. Many talented Pinoys don’t have a choice but to be 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 ttracted to the “greener pasteur” that major developed countries offer. Due to a higher exchange rate of foreign currencies against Philippine peso, Overseas Filipino Wor lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. kers (OFW) have the most purchasing power to acquire properties and put their hard-earned money into a wise investment; something which will give them a higher financial here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe gain. Many foreigners believe that the Philippines is a great destination and a great place to retire. Filipinos are generally, polite and hospitable. Aside from this, t d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ransport is cheap, food is good and shopping is a delight, English is widely spoken so communication is great. According to Yahoo! Travel: “If you believe that the most i 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 mportant living environment and travel experience is to learn about people, make friends and be with great company, then the Philippines is your country.” No matter how 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 many Filipinos leave their country, their values of closer family ties and being so regionalistic remain. They want to be intact and look after their elderlies at home. T nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically hey buy properties mainly for the benefit of their families to enjoy a bit quality of life. This what makes these people unique compare to other cultures. They don’t mind 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 the hardships of life in a foreign land. It is their pleasure to see their loved ones proud of what they do and what they give. Based on my experience, property investm ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi nt, with commitment, discipline and preparation to take a bit of risk, will provide a higher return on investment. Housing is always a rewarding investment which gives so ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a meone a sense of pride and ownership. Property is tangible and you know it is there, you can see it and you can feel its value. Unlike other form of investments which is dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod unseen and you need a lot of info to know the name of the game. So why chose property? Why not invest in stocks and shares or start a business? The main reason is that p cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin roperty will not go out of fashion or become obsolete like services and products. Shelter is a basic necessity for survival of us all and the demand for it is always guar tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen anteed. In economics, if the demand is greater than supply, it dictates prices to go up. If there is a food and mouth disease on poultries, meat vendor will still sell ( 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 supply) meat but people won’t buy (demand) it. Prices tend to go down due to a lower demand. Should the ’red tide’ a sort of toxic in the sea that affect fish occurs, the ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust demand for meat will then increase and so the price. All things are parallel. This is the case on property. Due to a rapid expanding population of Filipinos which estima y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products ted to hit the 100 million mark in 2010, fragmenting families, an increasingly mobile workforce and major infrastructure mandated by the government, the demand for proper . 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 ties will always be greater than supply. Property prices keep increasing which give investors something to smile about. Philippines is still a sound investment to put yo elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip ur money into. It helps your family, our economy and increase your chance to enjoy life. When a property is set up properly, you just sit back and watch the money roll in 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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