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The first time I happened upon this somewhat unknown way of getting some really nice stuff, and sometimes real 'treasures' was when I sto

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

pped in at my local self storage unit to pay my bill, and happened to see an auction sign posted. I asked the lady what that was about an

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

Examples of combination products may in

she told me that after a period of time they auction off the unit's contents for non payment of rent. So after finding out the particula

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

rs, I decided to check out the next auction that Thursday.

The day of the auction I got there just about the time the auction started. T

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

ey had about 8 units to auction off that day, and although I had been to auctions before, the way they did these was a bit unique. What t

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

Combination pro

hey would do is to go to the unit to be auctioned, unlock the unit, and literally give you about 5 seconds to poke your head in along wit

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

everybody else, look around, and then the bidding began. Usually the units would be auctioned off in about a minute or two at most.

I d

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

idn't buy anything that day, but later went to another the next month, and bought the contents of a small unit. Although there was a lot

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

f junk in the unit, after going threw the lot, I found almost 300 fairly old comic books, mostly covered, and some jewerly, well worth th

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

e $175 I paid for it. I've since bought some other units, and have found some really nice stuff including some antique glassware, lots of

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

nice furniture, and other treasures.

A couple of tips; as with any auction, until the auctioneer gets to know you and your way of biddin

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

Following aspects would a

g, make sure he knows that you've bid, and know what you're willing to pay before they start the auction. Don't get caught up in the mome

dd to the challenges in developing combination products:

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

t, and wind up paying more than you wanted to.

Another thing to be aware of is that oftentimes you're bidding against people who are 're

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

gulars' looking to buy for their auction house, or store, so don't be put off by the fact that one or two people seem to be outbidding ev

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

ryone else. Take your time, start off with a smaller unit and you'll eventually get one. You may wind up with a lot of junk that you have

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

to get rid of, or you could wind up with some real treasure.

I've heard many stories, but the one I like best was told to me by another

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

Professional from academic institutions, pharmaceutical industries, health care indust

bidder. He said that he was at an auction, and there was a medium sized unit that really looked like it had a bunch of garbage and wasn't

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

going to bid. At the last moment he threw his hand up and bought the unit for $125. Later that evening, he got in there and started look

.

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

ng around and found some crates. When he opened the crates up, what he found was pieces of a motorcycle. After opening all the crates, he

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

Companies that provide selfless information through particip

realized that he had a disassembled Harley Davidson Motorcycle!

You really never know what you're going to find. Happy treasure hunting

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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