Digg It - Business

Here's a quick and simple way to develop a strategic plan for any written document.

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

And while it doesn't require much actual writing, it will help you focus your attent

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

Examples of combination products may in

ion and get a better response to your message.

Take a sheet of paper and divide it

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

into about four equal parts by drawing a horizontal line across the page and a verti

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

cal line down the page.

Starting in the upper-left corner, write down the germ of t

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

Combination pro

he idea. Take just a few words and describe the basic idea. Don't elaborate and don'

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

t use any space beyond that square, which will force a certain amount of conciseness

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

. For example, "Try invoicing occasional customers at mid-month and end-of-month, ra

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

ther than just at month-end."

Moving to the upper-right corner, concisely explain t

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

he 'what' and the 'why' of the idea. What will I gain by pursuing this idea? For exa

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

ple, "Could improve cash flow and reduce our line of credit cost by 5%."

Now, go to

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

Following aspects would a

the bottom-right corner and make notes about the 'who' and the 'how' involved in im

dd to the challenges in developing combination products:

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

plementing the idea. For example, "Sales reps submit billing info by the 10th and 25

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

th of each month, billing department processes and prints invoices by the 15th and 3

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

0th."

Finally, in the lower-left corner, explain how you will know whether or not t

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

he idea worked. What will you measure or monitor to see whether or not you're gettin

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

Professional from academic institutions, pharmaceutical industries, health care indust

g the benefits you identified in the upper right corner. For example, "Review the ac

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

counts receivable ratios and the costs of the line of credit each month."

Now, you'

.

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

ve got a one-page summary of your idea, and while it's not a detailed plan, it shoul

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

Companies that provide selfless information through particip

d have helped you think through the idea, and even communicate its essence to others

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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If you are part of the business arena, it’s undeniable that you’ve got lots of printing requirements. Having a printer in your office is a great help but surely it can’t accommodate all your printing needs. So if you require for a large volume of copies to print, you will need a commercial printer to help you out.

There are a lot of myths surrounding negotiating which don’t help if you are faced with handling such a situation for the first time. But as with many myths, there is usually a very different reality. So what are the myths and realities?

Retail Managers are faced with an ever changing fast-paced environment. They must adapt to letting their team do tasks that are not goal critical. This allows for higher productivity while developing a stronger sales team.

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