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The holiday season is a time of giving, but if you’re an upper-level manager, you may be panicking because your board of trustees can be a thorn in your side when it c

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

omes to our Christmas shopping list. Typically, board members are upper-middle class or upper-class people who are well established in the community and know everyone.

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

Examples of combination products may in

In other words, they already have everything they need. There are plenty of executive business gifts on the market, but which ones will suit your board members?

First

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

consider the role of the board of trustees within your business or organization. Do these community members meet a few times every year to discuss the budget? Are the

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

involved with every aspect of the business? Are they paid? Are they shareholders in the company? In general, the more work the trustees put into the company, the more

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

Combination pro

money you should spend on their executive business gifts. Remember, there are plenty of gifts at YesGifts.co.uk that look expensive but are surprisingly affordable. Ho

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

ever, some promotional T-shirts are probably not appropriate!

Unless, of course, you run a clothing business that specialized in promotional T-shirts! Take into accou

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

t the very nature of your business. The executive business gifts you choose for board members of a construction company will be different than the executive business g

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

fts you choose for board members of a stock broking company, and both will be different than those executive business gifts you choose for the board members of a hospi

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

al. You don’t have to have a theme to your gift (ie, hammers for the construction company board or stethoscopes for the hospital board), but you should take into accou

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

t that different businesses dictate the need for different gifts.

Also consider the lives of the board members. When someone is one a board of trustees, they often al

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

Following aspects would a

o have a different full-time job. In many cases, you’ll find similarities. For example, a non-profit organization focusing on education might have a board of trustees

dd to the challenges in developing combination products:

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

ade up of many stay-at-home mothers. For them, a corporate carrying case doesn’t make sense. At the same time, a board of trustees for a restaurant chain may all be in

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

olved in the business world. For them, corporate carrying cases make a lot of sense.

Of course, always purchase the same thing for all members of the board. Playing f

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

vorite could put your relationship with the board in jeopardy and, if nothing else, will make some board members feel unappreciated. Set a budget for gifts and divide

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

hat total budget by the number of member on the board. This will dictate how much you can spend on each person. Luckily, executive business gifts like desk clocks, pol

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

Professional from academic institutions, pharmaceutical industries, health care indust

shirts, and conference folders don’t have to be expensive.

The we

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

ght of purchasing executive business gifts for board members should fall on an upper-level manger who is not a member of the board. Someone who works in the budget dep

.

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

rtment is a good choice for this task, or it can fall on the head of the vice-president of the company. When in doubt, suggest the idea to the highest authority who is

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

Companies that provide selfless information through particip

not on the board of trustees. Together, you can work to choose the perfect holiday gift to show your board members that you appreciate the work they do for the company

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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