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Digg It - Helping Others Helps You
Everyone in business needs information. A business owner only has so much time, so it would be easy to miss industry 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 news that affects them, or even more devastating, they could miss an opportunity to make a profit. You can help. Mak ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in e a list of your clients to keep at your desk. Also, keep directories of organizations you belong to. Review these li lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. sts frequently so you know what people do. These people are your contacts. They need your help. By helping them you a here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe lso help yourself. For yourself, you should already be reading the local papers every day. In addition you should re d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ad USA Today and the Wall Street Journal. Read headlines on internet news services for breaking news as well. As 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 find something that affects a contact, copy or print out the information. Then you simply mail the information to 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 r friend or client. You mail this so there is a hard copy that reaches their desk. Add a line like, “I thought you mi nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically ght find this useful.” Be sure to sign it. You find the information to help them. You send the copy to help you. Oka 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 y, now what are you looking for? Nothing in particular, everything in relation. Be selective. Here are some examples ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi of what I’ve done: ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a mercial glass
dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod about new businesses to insurance agents
cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin s boards of directors
tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen ions As you can see, what you send out varies by what you find. Now, you are not your own clipping service. Don’t sp 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 end a ton of time on this, but as you read be thinking about others. What you don’t want to do is send a whole bunch ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust of mail to the same people. You’ll look like you’re doing this for a living OR worse, yet; you’ll look like this is y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products advertising yourself. Keep in mind, that all you’re really doing is finding valuable information for people whom you . 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 think will benefit and then sending that information to them. You are sharing. By helping others do better in busine elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip ss and the community, you will be rewarded as well. Individuals appreciate and remember people that look out for them 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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