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There are so many creative people in this world, and if you happen to be one of them you just might be

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

suited for a lucrative career as a fundraising professional. Fundraising is a big money business both i

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

Examples of combination products may in

the corporate world and private sector. Creativity is one of the key ingredients to success in today’

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

competitive world of fundraisers. The best fundraising professionals are people who are continually th

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

nk of new innovative ideas for raising money.

It’s Time to Get Organized

The first key to being a suc

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

Combination pro

cessful fundraising professional is to have a very detailed filing system. You will need to keep track

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

of everything from donations to products being donated. If you are working for a non-profit organizati

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

n you will need to provide very detailed records for every expense, even the ten cent paper you had cop

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

ed and the copy store.

Create a Strategic Plan

All good fundraising professionals will need to create

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

a winning plan that they can apply to each project. The specific details of your plan will change for

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

very project, but the skeleton or layout of your fundraising plan should stay consistent.

The Sky Is t

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

Following aspects would a

e Limit

The rules for creativity are really endless. There is a little trick you can use though to mak

dd to the challenges in developing combination products:

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

some smashing ideas come to life. We all know of the traditional fundraising projects, like carwashes,

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

bake sales, etc… You could put a slight twist on these ideas by having an RV wash instead of a car was

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

. A very simple, yet slight variation or suggestion might win you the next fundraising job. When a comp

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

ny is hiring a fundraising professional they are looking for fresh ideas. If you can think outside the

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

Professional from academic institutions, pharmaceutical industries, health care indust

ox you will have an advantage over many others.

It is not uncommon to generate a very handsome income

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

as a fund

.

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

aising professional. It does take some work. If you are creative, enjoy working with people and la

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

Companies that provide selfless information through particip

ge groups then becoming a fund raising professional just might be a wining occupation for you to pursue

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 - Become a Creative Fundraising Professional

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