Digg It - Business

Are you looking for a different and unique way to raise money for your group or organization? This year, skip the usual chocolate bars and scented candles, and s

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

ell something that will increase your group’s visibility in the community. Pens, mugs, t-shirts, hats and jackets that carry your organization’s name and logo ca

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

Examples of combination products may in

be excellent year-round fund-raisers for your group.

There are a number of different ways to fundraise using promotional items. Here are just a few ideas for w

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

ys that promotional items can help your organization, school or group raise money to support your efforts.

1. Give a thank you item or gift for contributions. I

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

your fund-raising efforts include door to door canvassing or soliciting in a public place, you can create visibility and interest by giving each contributor a l

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

Combination pro

ttle thank you gift. One very popular option for this type of thank you is a car sticker that designates the contributor as a Proud Supporter of your organizatio

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

.

2. Are you fund-raising at a street fair or other public event? Let your thank you gift do double duty by choosing something with high visibility like a color

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

ul balloon with your charity’s name on it. The balloons will attract other contributors and visitors to your booth or table.

3. Sell club jackets. Apparel brand

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

d with your organization’s name is always a popular seller, but club jackets carry a special cachet for organizations like dance schools or martial arts dojos. Y

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

ur students and members will all be proud to wear them, and they often also sell well to parents and other family members who want to support your organization.

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

4. Need to raise quick money for a special event sponsored by your school club or organization? You can often make big profits with small items. Most schoolmates

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

Following aspects would a

have enough spare change to buy a pen, keyring, ruler or water bottle with the school name imprinted on it. They cost very little, and even when you mark up the

dd to the challenges in developing combination products:

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

price by double, they’re still affordable on even the tightest allowance.

5. Raise extra money by raffling off bigger ticket items like executive bags, USB devi

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

es or digital cameras imprinted with your organization’s name. You can easily offer several as second tier prizes without breaking your bank.

6. Put together a

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

lyer of items branded with your school or organization’s logo, or with your PSA slogan and make them available for funding drives throughout the year. By includi

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

g items in a wide variety of price ranges, you can give everyone a chance to contribute to your cause. Some possibilities for inclusion: promotional calendars, p

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

Professional from academic institutions, pharmaceutical industries, health care indust

inted pens, bottle opener keyrings, promotional rucksacks and promotional umbrellas.

Most people will be proud to have contributed to a worthy cause, and when y

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

u offer them a way to show the world, they’ll be even happier to contribute. By selling items with your name or slogan on them, or giving them as thank you gifts

.

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

you’re extending the reach of your fund-raising efforts to include publicity and marketing. Remember, every person who wears or uses one of the promotional item

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

Companies that provide selfless information through particip

that you sell to raise money for your organization also increases awareness of your cause. That’s the kind of publicity that you can’t buy – but you CAN sell it

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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