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Digg It - Are Your Meetings Smart?
Soon after I finished a brief seminar on how to accomplish more in less time every day, Roger shook my hand and said, “ 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 I can use what you said. But there is one thing you didn’t talk about. It is something that drives me crazy. I can’t ge ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in anything done because I’m in meetings all day long. We have gone overboard on meetings. We discuss practically everyth lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. ng as a team before making decisions.” I asked Roger for his card and I called him later that afternoon with some idea here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe that could help get him and his
team out of their meetings trap. Don’t let meetings keep you from getting your work d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro accomplished. It’s not uncommon for meetings to claim more than 50% of a business owner’s or manager’s time, especiall 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 when you factor in waiting time, discussion that is unfocused, and appointments that have to be rescheduled. Many key 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 usinesspeople claim meetings are their biggest time waster. Can anything be done? Yes. Here are five smart tips to stre nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically mline meetings and minimize the potential disruption they cause: 1. Have an agenda and distribute it ahead of time. Ma 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 ke sure everyone knows ahead of time what is to be accomplished at every meeting. People can do their homework, which w ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi ll make discussion more meaningful. Less time will be wasted watching others “gather their thoughts.” 2. Start and end ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a on time. Being flexible for latecomers backfires -- it penalizes the on-time people. It also sends a subtle signal to e dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod eryone that deadlines are merely suggestions, which can cause all sorts of disruptions later. 3. Take minutes at every cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin meeting and include follow-up assignments. Be sure to identify who will do what and by when. This holds people account tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen ble to the group for getting done what they said they'd get done -- which eventually frees up some of your time because 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 you won't have to sit in another waste of time meeting listening to clever excuses. 4. Keep regularly scheduled meetin ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust s, i.e., the weekly staff meeting, to the bare bones minimum for time. For socializing and team building, plan differen y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products t functions – don’t use meetings. 5. Get rid of the chairs. It’s amazing, but people who can’t sit say what they have . 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 o say faster and in fewer words! Roger said he could see where each of these ideas would work in his office. Put into elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip practice these smart tips for managing meetings and you’ll enjoy the luxury of more time for focusing on your real work 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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