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Digg It - Venture Capital in Albuquerque Robust
The New Mexico Economic Development Association along with the 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 State of New Mexico and the University of Mexico are teaming up ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in with several Venture Capital Groups and putting their money wh lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. re their mouth is and seeding 1.8 million dollars to the progra here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe m. The State of New Mexico seems to be following the lead of ma d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ny other very progressive states with State Sponsored Initiativ 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 s to spark Venture Capital Funds with private enterprise. As y 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 ou may know New Mexico is looking forward to being a state, whi nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically ch manufacturers low-cost private jets and also has its own spa 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 port to stay on the leading edge of future technologies. Both ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi Flywheel Venture Capital and vSpring Capital are two of the Ve ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a nture Capital Companies fully engaged on assisting technologies dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod from the University of New Mexico and other entrepreneurial ups cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin tarts in New Mexico. If you will recall previously that Bill G tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen ates, Paul Allen and the Microsoft Team were once based in New 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 exico and I bet New Mexico has never forgotten that they missed ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust the chance of a lifetime there. Having Microsoft Head Quartere y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products d in New Mexico would have changed that state forever and perha . 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 s made Albuquerque, New Mexico one of the high-tech capital hot elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip spots of the world. Perhaps you will consider all this in 2006 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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