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Digg It - Events for Aiming at Targets
Take time to analyze each event you attend and every networking group where y
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
ou are a member. Calculate the cost of the event or membership. Calculate the
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
amount of business you have gained through the group. If you have not gained
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
more than you have spent in money and time, you should move on to another gr
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
oup. Group loyalty does not pay if you are not reaping any rewards. You have
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
to be able to target more effectively or you are wasting your time. When you
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
first encounter a new group, set a goal for the amount of business you wish t
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
gain. Give yourself quarterly and annual goals. If your quarterly goal is me
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
t then keep further track to see where you stand at the end of a year. If the
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
group is not "paying" in qualified leads, then you should move on.
Leads gr
Leads gr
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
oups are for gaining more business, they are not a place to form social frien
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ds. Leads groups cost you money, therefore, you need to be very picky about t
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
he group you join. Be effective with your time and use it wisely. Here is a l
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ist of three things you can do to target the right group:
- Ask what
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
kinds of businesses belong the group in question
Survey some of t
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
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
he members to see what kind of leads the group has generated for them
<
<
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
li>
Attend one or two meetings to get a feel for the group
Not ev
Not ev
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ery group is ideal, and many give out leads that are worthless. By following
.
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
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
the three steps above, you will have a better chance at targeting your effort
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
s. The last step suggests you get a feel for the group, this is the chemistry
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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