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Many smart business people have become very educated with the networking pr

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

ocess. They have a great elevator speech, know how to choose events careful

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

Examples of combination products may in

y and how to work a room. But the important work really begins when the net

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

orker gets back to the office. Real results come from follow-up. When deter

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

mining how much time to allot for a networking event, be sure to include th

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

Combination pro

time you’ll spend on follow-up.

Back at the Office

Have you sch

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

duled office time to send notes or other information you promised to share

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

with new contacts?

Have you scheduled time to enter new contacts in

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

o your database?

Do you have a contact management system so you c

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

n follow up with prospects?

Do you have a process for staying in

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

ouch with those people after the initial follow-up?

Regarding use

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

Following aspects would a

ful information the speaker or contact may have shared, have you scheduled

dd to the challenges in developing combination products:

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

ime to digest what you learned and execute the ideas?

If you an

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

wered “no” to one or more of these questions, what you attended was likely

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

a purely social event, not a networking event. And that’s OK, but you reall

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

can’t count that as productive work time.

Networking managed properly can

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

Professional from academic institutions, pharmaceutical industries, health care indust

provide opportunities to build relationships which can result in business o

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

pportunities, valuable resources, and significant personal connections. Bef

.

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

re you commit to your next event, ask yourself the questions that appear he

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

Companies that provide selfless information through particip

e and make networking a productive marketing tool for you and your business

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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Stiff competition in the market is very much observed. Everybody is vying for a position that will make their business recognized in the market. Different strategies and advertising propaganda are used in order to grab customer's attention.

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