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You have little money but you want to raise money for your local charity. So how about a well publicized auction?

You will be benefiting from a whole pile of

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

human emotions:

* The public’s desire to give to good causes.
* Local business need for cost effective advertising.
* Local businesses wishing to b

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

Examples of combination products may in

connected with good causes.
* The public’s wish to purchase special items at good prices, whilst still being seen to be doing good.
* Local media’s

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

eeds for good local interest copy.

It is going to be some hard work for you, but if you are organized, polite and persistent you will do well.

First of a

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

l – check with your local authorities as to the kind of permits etc that you need. Make sure you adhere to all rules – lotteries for example are heavily contr

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

Combination pro

lled – so get advice first.

Secondly as it is for charity you have to make sure that you keep excellent records and can account publicly for all auction gifts

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

, all money taken and what the money is used for.

Now Publicity

Set the event for about 1 month ahead. Go to your local radio stations and tell them

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

bout it. Ask them to publicize it for you. Do the same with the local papers. You have a great local event so they will be interested.

Set up some flyers giv

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

ng details of the auction. Also set up some posters that local businesses can put up. Leave a space on these so that they can promote what they are giving to

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

the auction and ask donators to put them up in their shop and office.

Ask your paper to be at the event to take photos and provide a report on the results. I

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

you can hold the event in order to purchase a particular item for your charity – that’s great!

Getting Your Items Go around local businesses and ask

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

Following aspects would a

them to donate. Tell them:

* Their name will be mentioned during the auction item. – “Donated by…..”
* Their name will be on the auction catalogue.

dd to the challenges in developing combination products:

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

* Adverts in the auction will appear on radio and in news releases.
* They can put a poster up demonstrating what they have donated.

Try to encoura

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

e competitiveness by providing a special mention for key prizes.

Also contact all the members of your local charity and say same thing.

Try and get a few mai

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

/big items that will make your publicity stand out. For example a day’s golf training with a local celebrity. Meal for 4 at a great restaurant etc.

The A

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

ction

Be professional and see if a local celebrity or auction house or comic will control the auction for you. This does great for your publicity as well

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

Professional from academic institutions, pharmaceutical industries, health care indust

.

Have refreshments available and seating. This encourages people to stay.

Keep very good records and keep telling people the totals during the auction. Sa

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

things like – “another $50 takes us to a $1,000”, “We are almost able to buy two xx’s – just need to give a little more.”

Ensure that the donators and bidder

.

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

get good publicity and everyone feels that they have donated to a good cause.

Announce the final total and leave a bucket/tin available for other donations.

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

Companies that provide selfless information through particip

Thank everyone and close the event.

Give the local papers and radio stations details of the event, the amount raised and what it is being used for.

Good luck

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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If you were a customer on the telephone with a question or complaint and were ready to make big purchase, which of the following phrases by this employee would make you feel welcome and want to complete your transaction? Which would drive you away?

How to attract investment capital into your business, or business idea, through a small scale offering.

Fundraising requires some work on your behalf. Just make sure that you get to keep all the profits.

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