Digg It - Business

One thing a lot of us don't do in sales is take time out to

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

analyse things.

How are we doing it?
Why are we doin

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

Examples of combination products may in

g it?
Can we do it better?

Taking time out to assess

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

our management style is one of the most fundemental tasks

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

a person can do. We are not just talking about managing

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

Combination pro

thers here either, it can also be how you manage yourself

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

.

One thing we should all do (at least once a week) is tak

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

e time out to analyse your performance and management sty

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

e. Ask yourself;

How effective are you as a manager toda

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

y?

Have you identified specific areas where improvements i

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

your management style can be achieved?

When you have be

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

Following aspects would a

en managed in the past there may well have been occasions

dd to the challenges in developing combination products:

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

when you were not managed effectively. This may have led

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

to a drop in self confidence or reduced motivation to com

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

plete certain tasks.

In extreme cases this can lead to req

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

ests for a transfer or even resignation.The cost of managin

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

Professional from academic institutions, pharmaceutical industries, health care indust

g with an ineffective style can be high from a personal as

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

well as a company point of view.

So, the next time you org

.

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

nise your diary appointments, make sure there is a window

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

Companies that provide selfless information through particip

in there which says

"Thinking time - what can I do better

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/24537/diggit-Developing-Your-Management-Style.html">Developing Your Management Style</a>

BB link (for phorums):
[url=http://www.diggit.org.ua/article/24537/diggit-Developing-Your-Management-Style.html]Developing Your Management Style[/url]

There are over 100,000 work related foot injuries in the United States every year. These types of injuries are all too common and in many cases are the result if improper footwear.

According to the Institute of Psychiatry (April 2005), for the first time, stress, anxiety and depression have overtaken physical ailments as the most common cause of long-term absence from work. Wit...

Disclosure laws in franchising are suppose to help the consumer. They don’t. The FTC, which over sees franchising has in fact created a rule, which makes 5 lb. Disclosure documents for franchise buyers, which is so huge that no one ever reads it.

Tags

Links

Digg It - Developing Your Management Style

Related Articles: