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I think most of us are pretty sold on the idea of extending our networks. Knowing more people gives you a greater o

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

pportunity to be of service. Like many other marketing activities, networking requires an investment – of your mone

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

Examples of combination products may in

, your time and your commitment. So before paying again for another year’s membership, take a moment to analyse whe

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

ther this investment has given you the return you expected.

Firstly, did you commit fully to the network over 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

ast year. Did you go to meetings regularly, make an effort to meet new people, and then keep in touch with them aft

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

Combination pro

erwards? Did you join a committee or become involved in the management of the group?

If you haven’t made the grade

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

by participating fully in a network, then you shouldn’t expect a big return. Your decision on whether to stay with

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

this particular network should revolve around whether you plan to put in 100% effort for the next 12 months.

Howev

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

r, if you can say - hand on heart - that you invested the right amount of time, then the question really does becom

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

e about what you got out of it.

Here’s a list of things to consider:

 How many new contacts did you make

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

hat you would feel comfortable contacting?
 How much new business did you get as a result of being par

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

Following aspects would a

of the network?
 How valuable was the content of the events you attended? What did you learn that has

dd to the challenges in developing combination products:

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

helped you or your business?
 How much did you enjoy mixing with the other members?
 How

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

much time did you invest with each network?
 What was the total cost of being with the network for the

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

last 12 months?
 How relevant was the network to the type of business you run?

When you start to art

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

culate some of these things, it will quickly become clear whether you should stay or move on from each group.

Netw

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

Professional from academic institutions, pharmaceutical industries, health care indust

orking is one of my key marketing activities (along with writing…), so I make sure I review my success with various

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

networks on a regular basis. I have recently decided not to rejoin one of my networks, but to substitute it with i

.

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

nvolvement in 2 industry bodies.

And don’t be afraid to quit a network if it isn’t working for you (providing you’

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

Companies that provide selfless information through particip

e put the effort in to making it work of course), or if your business changes and other things become more relevant

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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Strategic thinking is the only method that works if you are going to grow your business. Developing procedures and an operations manual is part of that process. This article talks about three (of many) things you can do that will move your business to the next level where you can earn more and work less. These three points will be - create an operations manual, start creating procedures and procedure-making made fast.

There are things every nonprofit needs to do to stay viable. Nonprofits need to recognize that they are operating in a competitive environment. Every donor and every grant are being sought by other nonprofits. Here are seven things you can do to stand out from the crowd:

I watched Roy Williams in a quite literally amazing presentation about society's 40-year Pendulum recently. His presentation was a delightful hidden bonus in the agenda from the Call to Action seminar hosted by Bryan and Jeff Eisenberg at the Wizard of Ads Academy 1 in Buda, Texas.

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