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Digg It - Follow-Up with Your Contacts
What happens when you meet
a potential client at an event and you do not foll 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 ow up? So now the event is over and you have collected a number of business ca ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in ds, taken notes on the best prospects, divided the cards into Y(es), N(o), and lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. (aybe), now what? It is time to follow up. The best follow-up is immediate - th here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe y will remember you best if you go home that night and enter their information d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro nto your database and send a personal email or hand-written note. E-mail is muc 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 faster and you will be surprised at the fast response you get. This gives 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 instant contact and you can then ask how they felt about a certain event. You a nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically e sure to get a response. This gives you an immediate relationship with the ind 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 vidual. Fast response gives you an edge on the competition. You had a reason t ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi follow up (the event) and then a further reason to set that all important appo ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a ntment with the right individual. It may be that you have talked with this indi dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod idual extensively at the meeting and now want to discuss your business relation cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin hip further. The ultimate goal of attending an event is to get to the next appo tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen intment with certain individuals you feel you would like to do business with. I 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 is not rocket science that you will have a common goal in business, after all, ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust that is the type of person you sought to be introduced to in the first place. Y y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products u have a quasi-relationship in the fact that you were both at the same event an . 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 fact that you followed-up promptly. Sometimes when talking to someone at a elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip event, they may want to talk at a later time; then write it down and follow up 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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