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One of the most interesting and newest categories on eBay are Mystery Auctions. There are two basic kinds of mystery auc

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

tions. One of them is what I feel is more suitable for the name, and the other one is not so much, but still a lot of fu

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

Examples of combination products may in

. The first one is an actual auction setting. The other one is usually some kind of envelope being sold at a fixed pric

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

.

The basic definition of a Mystery Auction is just an auction where you don’t know exactly what you are going to get.

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

So what is the sense in taking part in that? Well, you don’t know exactly what you are going to get but you do know that

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

Combination pro

you have a chance to get something of a lot greater value then what you are getting. In a way it’s much like a raffle.

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

ou are paying for a chance to win something of greater value, but there is also a chance you may lose.

While Mystery Auc

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

tions can be fun, they can also be a pretty big rip off. A lot of the mystery auctions you will find on eBay are set up

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

s follows. The seller will state that they are selling envelopes. They may have something like 500 envelopes for five d

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

llars each. Each envelope will have something in it. If could be fifty cents, or it could be a new plasma TV. Well, th

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

question a lot of people are asking is “how do I know if they are really giving away what they say they are?” Well in m

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

Following aspects would a

ost cases you don’t. You just have to ask yourself if it’s worth the risk. There are many legitimate good mystery aucti

dd to the challenges in developing combination products:

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

ns out there that can be a lot of fun.

A friend of mine and I have started an experiment type deal on eBay involving Mys

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

ery Auctions. We are pretty sure that we have came up with a strategy of making a mystery auction scam proof, well we kn

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

ow we did the hard part is just to prove it. I will be following up with the details. So far, we have developed an eBay

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

account under his name (since he didn’t have an eBay account before now and I did). That way we could start fresh and ha

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

Professional from academic institutions, pharmaceutical industries, health care indust

e our account be dedicated to mystery auctions. We have opened an eBay store that is also dedicated to mystery auctions.

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

Our goal is to have a store filled with eBay Mystery Auctions that are all scam proof. That way, we may be able to scr

.

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

pe a decent profit out of it, while everyone else can enjoy mystery auctions that are legitimate and proved to be scam pr

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

Companies that provide selfless information through particip

of. We will soon have a Blog devoted to this experiment. See the upcoming part two of this article or email for details

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
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BB link (for phorums):
[url=http://www.diggit.org.ua/article/55273/diggit-EBay-Mystery-Auctions.html]EBay Mystery Auctions[/url]

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