Digg It - Business

It is extremely important to a franchise company to maintain consistency throughout each franchise outlet.

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

That consistency should include all equipment and supplies, which are to be used or sold at the franchisee

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

Examples of combination products may in

level. Without such consistency you will dilute your brand-name and confuse your customer, thus you will l

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

se one of the major benefits of franchising.

It is for this reason that I had determined that our company

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

eeded to add a clause in the franchise agreement to address is very issue before the commencement or signin

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

Combination pro

of the franchise or disclosure documents. Also this information was backed up in our confidential operati

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

ns manuals. Below is a clause in our franchise agreement that I came up with;

3.14 Equipment and Supplies

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

Franchisee will display, sell and use only such equipment and supply items of independent suppliers whic

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

have been approved by Franchisor in accordance with Section 4.6 hereof. In the event Franchisee desires Fr

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

nchisor approval of a particular supplier, equipment or supply item, Franchisee will provide the documentat

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

on contemplated by Section 4.6 at its sole expense and will reimburse Franchisor for costs of further testi

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

Following aspects would a

g as contemplated by Section 4.6. Franchisee may not enter into or renew any agreement with a third-party v

dd to the challenges in developing combination products:

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

ndor of services, supplies or equipment if such agreement requires that Franchisee disclose information reg

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

rding the identity of its customers or the Services performed by Franchisee for any of its customers. If, a

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

of the date of this Agreement, Franchisee is already a party to an agreement of the sort described in the

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

receding sentence, Franchisee will not be deemed to be in violation of any of the provisions of this Agreem

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

Professional from academic institutions, pharmaceutical industries, health care indust

nt by virtue thereof for the remainder of the current term of such agreement.

-------- -------- --------

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

t would behoove serious franchisors to consult a knowledgeable and experienced franchise attorney to help t

.

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

em strategize on ways to control the consistency of their franchise system and how best to address this iss

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

Companies that provide selfless information through particip

e in the franchise agreement and the confidential operations manual. I hope you will consider this in 2006

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.diggit.org.ua/article/23123/diggit-Consistency-of-Equipment-and-Supplies-in-Franchise-Companies.html">Consistency of Equipment and Supplies in Franchise Companies</a>

BB link (for phorums):
[url=http://www.diggit.org.ua/article/23123/diggit-Consistency-of-Equipment-and-Supplies-in-Franchise-Companies.html]Consistency of Equipment and Supplies in Franchise Companies[/url]

You've determined that you are ready for an advertising program. The message is ready, the audience is selected. Now, which medium will deliver the best results? Well, a multi-media approach that surrounds your prospect is highly effective for rapidly building awareness. But you may not be able to afford a full-blown campaign like that. Let's examine the various media along with their pros and cons to give you a better sense of what may work for you.

Everyone leads busy lives. In our high tech, often impersonal society, people remember those who add a personal touch to their day. The key to success in a lean economy may be to retain, instead of having to replace, your best customers and employees.

Managing cash flow is what separates good companies from the truly successful ones. Indeed, your ability to monitor the cash flow of your business can be the vital difference between profit and loss.

Tags

Links

Digg It - Consistency of Equipment and Supplies in Franchise Companies

Related Articles: