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Getting people to support a cause may be easy but getting them to support it with money is another thing! People m

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

ay feel sympathetic with the project and may even identify with the problem that you are aiming to solve but they

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

Examples of combination products may in

ay not go to the extent of supporting it with money.

The most that they can do is to help you spread the word. Th

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

erein lies the problem. Although the support of people can help make a fundraising campaign a success; the prima

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

y goal of a fundraiser is… well to raise funds. Without the money, the organization will not be able to implement

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

Combination pro

their goals for the project.

Convincing people to donate money may be difficult but not impossible. With the righ

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

approach and techniques, you can make a success of it. Below are some tips that can help you in raising funds for

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

your charitable project.

Find a benefit.

The key to convincing people that they are giving their money for a go

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

d cause is to present the project in such a light that they will benefit from it. Look for an angle where the peop

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

le can identify with the project.

For instance, if the project is about a community sports team, highlight commun

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

ty pride and the value of sports and recreation in the town. Projects may not be as community-involved as educatio

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

Following aspects would a

n and health but with the right angling, you can convince people that it is for their best interest.

Organize a f

dd to the challenges in developing combination products:

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

n event

People who are having a great time will most likely to give to charity than people who are not enjoying t

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

hemselves. If you are planning an event, make sure that the guests will have the time of their lives in your event

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

There are a lot of things that you can do. You can organize a cookout, a fashion show, a bazaar, a bingo night.

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

Incorporate the fundraising into the event

One way to subtly invite people to financially support your program is

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

Professional from academic institutions, pharmaceutical industries, health care indust

to organize an event where they will have to purchase something, a ticket, a product, a set of meals. This way, th

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

ey will feel that they are not only giving their money for a good cause but they are also getting something in ret

.

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

rn.

For instance, you can organize a concert or a musicale for the community, the tickets of which can be sold to

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

Companies that provide selfless information through particip

attendees. Play upon the community spirit by getting kids and people in the community to participate in the event

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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Enterprising people like to be their own masters, this is the reason why most of the enterprising people open up their own businesses so that they can enjoy working for themselves as well as earn a fair share of profit, which would be certainly more than what they would earn as a salary.

The rules in franchising are said to be helping the consumers, but that is not factual. The rules in franchising are to put up barriers to entry and help the status quo and allow franchise attorneys to siphon money from the very lucrative industry sector. Of course generally no one wishes to admit these issues, it is so as sure as my opinion and 20 years of observation in the industry accounts for something.

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