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  • Thesaurus - Why Do American Automakers Pay Millions to Consultants?

    Do you ever wonder why companies like the Big Three US Automakers spend millions to tell them what t
    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
    hey should obviously already know? They spend millions in consulting fees. Interestingly enough this
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    topic became a rather charged debate recently in our Online Think Tank. We all know that the US Con
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    sumer wants cars that look cool, have good performance and do not use too much gasoline or fuel righ
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    t? Yah, dah you say.

    This is why last year alone Toyota captured an additional 10% market share and
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    Ford announced losing 16 Billion? Ouch, hello! Why is this happening, why are both GM and Ford in a
    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
    world of hurt? Didn’t they already learn this a few decades the prior? Now they are paying millions
    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
    to consultants to re-learn what they already learned the hard way?

    Last time after Charles Deming
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    told them for free what should be done they did not listen, while the Japanese took him for his word
    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
    and the Big Three paid twice. Datsun and Honda days sure showed Detroit back then and Toyota and Ho
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    nda are doing it again now.

    Amazing that the Big Three are learning the same lesson again as China
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    sells franchises in NJ of an Chinese Automaker, which is actually partly owned by the Chinese Army,
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    meaning you buy a fuel efficient Chinese mini-SUV and the Treasure Fleet Sails Again only this time
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    with nuclear submarines carrying anti-satellite weapons of course?

    Admiral Zheng was a great man in
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    Chinese History and his legacy is likely to rise again, China is surpassing the US Navy Fleet in nu
    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
    mber of ships as we speak. Why are the US Automakers not seeing the bigger picture here? What a disa
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    ster of inefficiency and hard lesson in failing to deliver to the customer what they desire at a pri
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ce point competitive with the Free-Market?

    Well, you are probably asking if I could do better? Yes,
    .

    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
    that is affirmative, but after paying out all that money to others, doubt they have much left actua
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    lly. I hope this article will propel thought in 2007 and perhaps a re-bound for US Automakers by 200


    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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