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The positive effects of networking – such as building a new relationship or finding a partner – don’t just happen by themselves. You need to be proactive and willing to put the time and energy into networking.

You have probably met pe

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

ople who don’t see the benefits of networking. For the benefits to start to appear, you need to be motivated, you need to be patient, you need to set goals and you need to think positively.

Stay Motivated

Without the r

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

Examples of combination products may in

ight amount of motivation, networking won’t be effective. Like anything in life, if you are motivated to succeed, the outcome will be favorable.

Networking takes time and energy. If you want to effectively integrate it into your busin

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

ss routine, you need to have the drive and passion. It’s not supposed to be a chore but rather a positive experience that will become second nature.

Once you realize and experience the power of networking, you will do whatever it take

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

s to continue to build relationships, leverage your network and help others. You will also notice that others may be very motivated to network, which should tell you something about what it can do for people.

The more you network, the

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

Combination pro

more you will realize that the business community is small and connected. As a result, you will begin to run into some of the same people, which can be a good motivator and relationship builder. Stay motivated and continuously network. You won

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

t be disappointed by what can happen.

Be Patient

All good things come in good time. Networking is no exception. Networking is about relationship building. It’s not about what you can do for me the first time I meet you

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

. As you get to know people over time, the goal is to build mutually beneficial relationships.

As you develop these relationships, you will be able to leverage them to help you with your business needs. The same is true for your conta

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

cts.

It takes time to meet the right people to integrate into your network. You will meet more people you don’t connect with than people who you will. The people who you connect with will be the ones you will add to your Rolodex and t

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 the time to nurture.

Don’t rush into any relationships or situations if they don’t feel right. Networking is about building quality relationships and helping others when the time is right.

Set Goals

If you

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

are willing to network, you need to set some goals so you can be more effective during the process. Depending on your situation, your goals will change from time to time.

For each situation, decide what you would like to get out of n

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

Following aspects would a

etworking (whether it’s a new job, business partner, customer or money for your business). Once you have an end goal in mind, you will become more focused during networking.

Take the time to research events, organizations and people s

dd to the challenges in developing combination products:

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

you can make the most of your time and connect with the right people. The last thing you want to do is spend time attending the wrong events and talking to the wrong people.

No matter what event you attend, you will have the chance t

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

o meet someone who could ultimately help you reach your goals. People know people. Don’t rule out any networking situation.

With the proper goals in mind, you will appreciate the power of networking once your goals are reached. Stay m

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

otivated and be patient because you will find success with networking.

Think Positively

Attitude is everything. If you don’t think positively, you will have a hard time with networking. Many people have a negative atti

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

ude about networking because they may have had a bad experience or they don’t see the value.

A bad experience can typically be attributed to other people improperly networking (such as someone trying to sell you something at the first

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

Professional from academic institutions, pharmaceutical industries, health care indust

encounter). A bad experience could also be attributed to people not reaping the benefits of networking because they don’t know how to network effectively or they aren’t patient.

Whatever the case, you need to think positively about n

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

etworking because it does work. It’s a process that works over time. It doesn’t work right away. A major factor for networking to successfully work is to build mutually beneficial relationships. This takes time. Once these relationships are bui

.

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

t, you will be able to leverage them to your benefit.

Have a good attitude about networking because you don’t want to come across the wrong way to others. People’s positive impressions about you are very important in the networking pr

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

Companies that provide selfless information through particip

ocess.

Final Thought

With the right motivation, patience and attitude, you will be able to reach your networking goals. Networking only works for those who are willing to put in the time and energy to make it a success

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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