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Digg It - Barter: It's Not Just for Doctors Anymore
Time was, in the country, the local “doc” was as likely to get paid with a couple of chickens as a couple of doll 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 ars. Doctors these days won’t stand for that, of course, but while some people have moved completely away from ba ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in ter and stayed there, others have embraced it wholeheartedly. Today I worked on a barter deal with a web designe lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. r to do search engine optimization on my web site in exchange for some articles. I HATE doing SEO, and I LOVE wri here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ing articles. This person needs articles written and is good at SEO. It’s a good match. Later in the day I put t d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro gether a mailing designed to entice a massage therapist into bartering for my coaching services. I have a lot of 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 pain in my back and shoulders, and a massage would do me good, but I really can’t afford monthly massages. If thi 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 works out, I will work an extra three hours a month in exchange for massages, hopefully every two weeks. Barter nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically isn’t for everyone or every situation, but it does have some advantages for the home-based business. You can usu 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 lly get something you need, you can save your cash for other things, which you also need, and you get a “customer ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi who’s willing to give you referrals and testimonials. How do you know if you should barter? If you have a skill ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a or product people want, if you have the time or extra product to spare, and if you are willing to put in the eff dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod rt looking for people to barter with, it might be a good idea for you. Where do you find people to barter with? cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin Check Google for barter directories and barter sites. Many Work at Home Mom sites have barter sections. If you do tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen ’t find what you’re looking for, go find someone who does or has what you need, and offer a barter deal. Sometime 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 they’ll go for it, sometimes not. My SEO deal came through a barter site. My massage therapy plan is strictly my ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust own. But I’m betting out of 60 massage therapists in my city, one will be interested. If you don’t have time or y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products extra product, or if you’re uncomfortable trading your products or services for other people’s, then barter might . 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 not be right for you at this time. Keep it in mind for the future, though. If you can get it, barter’s a good d elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip al. You often get more than you could afford to buy or would put money into, and you expand your business as well 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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