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Asset management software has been around for some time now. The initial versions of asset managemen

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

t software applications were basic in terms of their functionality. The only function they were able

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

Examples of combination products may in

o provide was to help create a list of assets with details of their purchase date and manufacturers.

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

Slowly, improved versions of asset management software applications began to be introduced by various

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

software product development companies.

Today asset management software applications have become qui

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

Combination pro

te sophisticated. The functionality offered has increased manifold to the extent that these applicati

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

ns have become complete asset management solutions. The present versions of asset management softwar

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

e applications not only help a company manage the purchase and maintenance of assets but also help in

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

the creation of strategies and practices that result in cost reduction and enhanced productivity. The

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

y now track assets through the whole lifecycle of an asset, from the purchase until the asset is reti

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

ed or the lease has ended.

Digital asset management software applications that help manage informati

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

Following aspects would a

n technology assets have witnessed huge changes. These can now detect all the computers that are pres

dd to the challenges in developing combination products:

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

ent on a network, verify the licensed copies of software applications installed on these computers an

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

even control the computers on the network remotely. Some of these applications also have the capabil

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

ities of providing auto-alerts and notifications which instantly inform the respective department of

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

hanges to IT assets on the network. FootPrints Asset Management software for example, is able to run

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

Professional from academic institutions, pharmaceutical industries, health care indust

searches and reports to get metrics on current and historical asset information, which is broken down

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

by hardware type, operating system, software manufacturer, among other things.

Given the pace at whi

.

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

ch technology is changing, it is not surprising that these applications have advanced so much. Even s

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

Companies that provide selfless information through particip

it is sometimes incredible what these applications are capable of if used to their maximum potential

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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