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Recently, a teacher whose class regularly scores top marks shared her secret for team building success with me. "It's easy," she told me. "Each week, we

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

set a goal as a class. If we've reached the goal at the end of the week, I treat the class to pizza and a game and then we sit down and plan next week'

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

Examples of combination products may in

goal."

There in a nutshell is a tried and true strategy for building and maintaining successful teamwork that any corporate event planner should take

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

o heart. My teacher friend's Friday afternoon 'pizza party' serves a triple function - it recognizes the work achieved, rewards the team for their work,

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

and serves as a springboard for the next goal. To be successful, a corporate event should do three things - recognize, reward and motivate.

Granted, wh

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

Combination pro

n you're dealing with high-powered executives, programmers or salespeople, a Friday afternoon pizza party may not be quite the ticket. Higher goals meri

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

higher rewards - but the principle remains the same. If you're planning a corporate event weekend, then your plans should include all three arms of the

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

success formula.

This isn't as difficult to do as it may seem. Any corporate event that's meant to recognize and reward contributions to the team can

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

erve as a springboard for planning further successful activities and include team building activities to cement the bonds of the work group. An event th

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

t's planned as a team building weekend could easily include a recognition dinner to reward those members of the team who've made outstanding contributio

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

s.

The key to making sure that your corporate event accomplishes all of your goals is careful planning right from the start. Before you decide on the a

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

Following aspects would a

tivities for your corporate event, take the time to work out your goals. Is it your aim to reward your employees? Recognize achievement? Motivate your t

dd to the challenges in developing combination products:

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

ams? Hammer a group into a team? Once you know what it is that you want to accomplish, it's time to call in the professionals.

A corporate event planne

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

with expertise and experience in team building activities, corporate event planning, outdoor team building and corporate hospitality events can show yo

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

u a wide range of fun corporate events and activities that will serve any corporate event strategy you have in mind. Even more importantly, they'll brin

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

their own experience to the planning table - and the execution of the event. Using a professional corporate event service means you needn't worry that

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

Professional from academic institutions, pharmaceutical industries, health care indust

omeone will forget to meet the keynote speaker's plane, and your own key people aren't tying up their time running around to find matching napkins for t

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

e company reward dinner.

In the end, choosing to use a corporate event planning service is no different than any other business decision. You hand the

.

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

ork to those that have the best resources to accomplish the task. When it comes to fitting a corporate event to its purpose, a professional event planne

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

Companies that provide selfless information through particip

can turn your company recognition dinner into a motivating, rewarding and inspiring team building event that will kick your next quarter into high gear

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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