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As I mentioned in part one of this two part series, your fundraising team is one of the most important elements of your entire fundraising op

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

eration. Without a solid team, you may encounter unnecessary roadblocks along the way - everything from uncooperative team members to people

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

Examples of combination products may in

whose passion is a little misguided. These things are all going to count when the final fund raising dollar value is tallied at the end of

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

each year.

That's why selecting the right people for your fundraising team is so important.

Now, for your organization, you may not be able

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

to rely strictly on the work of family and friends - depending on the size of your organization. If you are a smaller community organization

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

Combination pro

, the friends and family angle might work just fine. If you are looking beyond your own organization for a few helping hands, here are a few

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

things I would look for in winning fundraising teammates:

" Share the same passion -In my fundraising strategy this is always the most impo

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

rtant element in a fundraising team. If you don't have the passion for the cause, then it might be tough to get motivated to do some of the g

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

oundwork to make the fundraising successful.

" Team players - Team players are extremely important to the overall success of your organizati

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

on. Working well with others towards the organization's goals is paramount in the people you want as the driving force behind your group.

"

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

Extra skills - Everybody has something to offer the organization, but getting to that might prove to be difficult. So, the best thing you c

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

Following aspects would a

an do is ask… "What sort of skills can you bring to the organization?" Note: If they say, "Passion for this cause," that's a really good st

dd to the challenges in developing combination products:

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

rt!

" Expertise - Professionals can help tackle some of the governance and technical aspects of your organization. These types of people in

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

clude accountants, lawyers, marketing people, computer technicians, etc. Surrounding yourself with people that can provide expertise in thes

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

e areas can help save on professional costs.

As I mentioned previously: everyone usually has something to offer. Take advantage of the fac

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

t that someone wants to be a part of the organization and then you can find a way in which this person can be most effective within the fundr

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

Professional from academic institutions, pharmaceutical industries, health care indust

ising team. And remember in most cases, as stated in part one, more people is usually better. But don't sacrifice the entire fundraising pl

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

an if you don't feel a person is going to be able to contribute in a constructive fashion.

Fundraising can be a tricky business; the donors

.

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

are finicky and they can be tough to crack. Making sure that your fundraising team is all rowing in the same direction is one of the best wa

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

Companies that provide selfless information through particip

ys to showcase the passion and determination your organization has for its goals - and ultimately it is the path to greater financial support

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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Digg It - Building A Solid Fundraising Team - Part Two

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