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Have you ever been to a town or place when there is a huge sporting event happening, and have you noticed the lack of par

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

king available? Well, what if you lived near one of those sporting events, or in the heart of the business district, eve

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

Examples of combination products may in

near shopping areas that don’t have enough parking available? If so, then did you know that you can make money from ren

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

ting out your parking spot. Now don’t get me wrong, it has to be on your property such as your driveway, you can't rent

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

ut the street! If it is, then you can make money off of renting out your parking space. Just think, you can charge five

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

Combination pro

dollars every day or event and the money can seriously add up.

Just imagine, for every day you are collecting five dolla

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

rs a day each for two spaces, seven days a week, and then 4 weeks out of each month, you will make 280 additional dollars

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

a month in renting out your parking spot alone. Now take that same spot, and if you live near a huge arena or sporting f

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

ield, notice the price to park in one of the car parks near by or the charge to park your car at the stadium. You will n

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

tice that the cost to park in one of these places doubles or triples during an event, you can charge up to 10 dollars a d

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

y or event!

You can advertise your parking spot at work, talking to friends, put it in your local paper or even place a

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

Following aspects would a

dd to the challenges in developing combination products:

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

ailable and how much it cost. Once you get the word out people will start asking about it. Now, you need to take a few

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

things into consideration, such as any zoning or parking laws in your neighbourhood. Once those are out of the way, you

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

re ready to begin taking on renters.

You need to make sure you get there names, any vehicle they might drive with the li

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

ense plates, and possibly think of making some sort of tag or sign for them to use while parked in your spot. This way i

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

Professional from academic institutions, pharmaceutical industries, health care indust

f they have to drive a different vehicle or if you’re not sure that the car in your drive way belongs to the person you h

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

ve rented the spot out too, you will have some kind of visible proof. You also need to collect the money for each event

.

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

or week up front; this discourages anyone from trying to take advantage of you.

Remember to keep all of your paperwork u

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

Companies that provide selfless information through particip

e common sense and good business tactics, but be personal as well, and you will have an extra income for very little work

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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