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Digg It - The Cheapest, Forget It !
Wouldn't it be great if we got get the cheapest price on everything. I know I wouldn't want it. Would you? Do you strive to get the cheapest automoblie? The cheap
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
est mobile home to live in? The cheapest place to eat? Rather than look for the cheapest we tend to look for value for our money. We know we all work hard for our
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
money and would like to be compensated if we are to give it up.
The first thing a buyer should look for is if he's comparing apples with apples. Any person who's
The first thing a buyer should look for is if he's comparing apples with apples. Any person who'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.
been to China lately can tell you that you can find a knockoof Louis Vitton handbag for $10.00, $20.00, $50.00 and $100.00. The $10.00 bag looks good from a dista
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ce but up close you can notice it's not a real one. The $20.00 bag looks real until you see the seems. The $40.00 bag looks perfect on the outside but the inside
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
is noticeable different. Lastly, the $100.00 bag is an identical bag that can fool even workers at Louis Vitton.
Secondly you should look for reliability. If you
Secondly you should look for reliability. If you
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
need the goods for a certain date and are saving 5% dealing with one questionnable supplier, think what would happen if they are late. If you run a sale on an ite
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
, advertise starting this date, and then not have the merchadise, think about the impact on your company. Your company's image is not viewed favourably, secondly
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
he likelihood of this customer returning to your store for a future sale is unlikely and your advertising budget was wasted. Now how much was that 5% savings wort
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
h?
Thirdly, look at indirect costs. My company Solutions Ink has set up many companies on our e-commerce ordering systems for printing and promotional products.
Thirdly, look at indirect costs. My company Solutions Ink has set up many companies on our e-commerce ordering systems for printing and promotional products.
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
daily dreaded routine for most large companies is ordering business cards. The time to compile a list, fax or email, receive a proof, verify with the end user, r
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
turn the proof or make changes on the proof, all takes considerable time. Along with this time the idea of maintaining a data base for future orders seems like a
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
reat idea which even speeds up the ordering process further. By giving our customers instant proofing we can save them hundred of hours annually. This is one dire
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ct cost savings not usually looked at, the other is that these employees can use their time more effectively to make their comapny's more efficient and economical
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
The smarter larger company's have realized this, now the middle size companies are coming on board. Another example of this are cellular phones or blackberries.
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
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
he direct monthly cost of these items is certainly more than finding a public telephone and putting in a few coins or buying a calling card. However the reason mo
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
t people use these items is that it saves us time, allowing us to multitask other items which are more beneficial to our companies.
Fourthly, sometimes it's an e
Fourthly, sometimes it's an e
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
motional decision and not a purely financial one. If all companies looked only at the bottom line, no companies would have corporate suites, no executives would b
.
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
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
driving luxury cars, their would be no Ritz Carlton Hotels, no luxury development or condominiums. If there would be none of these things life would be a lot les
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
interesting. We could exist but not really live well. If you would like to know more about really helping your company drop me a note at steve@solutionsink4u.com
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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