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Digg It - How To Conduct Meaningful Meetings
Too many meetings, too little time. When the true cost of holding just one meeting is accurately calculated, it should provide sufficient motivation for us to want to ensure that all of o 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 ur meetings are meaningful, necessary and can be justified. I am sure you have heard the one about meetings? "Are you lonely? - Work on your own? - Hate having to make d ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in ecisions? - Rather talk about it than do it? Well, why not hold a meeting? - You get to see other people - You can sleep in peace - Offload decisions - Learn to write volumes lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. of meaningless rhetoric - Feel important - Impress (or bore) your colleagues And all in work time!" But of course, it doesn't have to be like that. Are Meetings A Waste Of here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe Time? Why they cause frustration Too many of them No real purpose Too long Platform for the talkative Few decisions come out of them Make straightforward iss d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro es complicated Often slow things down Potential benefits Run properly they can be an effective means of: Communication to a group Meeting people face-to-face Improvin ucts have become life saving products for the pharmaceutical companies who doesnt have many innovative molecules in their product pipeline and have been inc g the quality of decisions Getting to know people Drawing from a variety of different experiences Building teams The following figures are based on a working year of 288 days, w 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 ith one working day equal to 7 hours. (I wish!) You begin to realise the true cost of holding a meeting. Salary Per Annum: ?40.000 One Hour Meeting: ?24 One Day Meeting: ?168 < nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically >Salary Per Annum: ?60.000 One Hour Meeting: ?36 One Day Meeting: ?252 Salary Per Annum: ?80.000 One Hour Meeting: ?48 One Day Meeting: ?336 Salary Per Annum: ?100.000 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 One Hour Meeting: ?60 One Day Meeting: ?420 Some Tips To Ensure A Successful Meeting: Only hold meetings if they are really necessary Could people be told any other way ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi Consider the cost; meetings are expensive time away from job, salaries of those attending. If they are needed, then plan for them What do you want to achieve? What are you going ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a to discuss? What decisions will need to be made/actions taken? Who needs to be there? How are you going to tell them what its about and why they are invited? How long can you allocate dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod to the meeting? Remember, if you fail to prepare, then prepare for your meeting to fail. Prepare an agenda Include only relevant items Put them in order of importance Decid cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin who will lead the input on each Allocate time for each item (dont forget to allow for a 5 minute break at least once an hour) What could go wrong and what will you do? Collect all tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen information If its lengthy, summarise it, outlining key points Send out agendas and key points in advance Prepare the room Ensure that there are sufficient tables and charts If yo 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 want equipment (eg: flip charts, PCs overhead projectors) make sure it is available and working Arrange refreshments And Finally: Running The Meeting: Achieve faster, more effi ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust cient results by: Telling everyone the purpose Setting the scene for each item, eg: open discussion by inviting specific contributions from those present Letting everyone who has y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products something to say make a contribution Summarising whats been said Watching for signs of non-participation Sticking to time (always start on time and dont be afraid to finish ea . 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 ly) Agreeing actions to follow Not being afraid to critique the meeting, i.e.: Was it worth it? After the meeting: Circulating minutes promptly to those attending and interested elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip parties Monitoring and reviewing progress of any actions decided End Result? A Successful Meeting And All In Work Time! Copyright © 2006 Jonathan Farrington. All rights reserve 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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