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Digg It - No FT, No Comment - Ebay and the Changing Auction Market
The story of the astonishing ?40,000 price achieved by Encore Auctions on eBay fizzed around the world in no time
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
. The equine painting by famed Irish artist Jack Butler Yeats was the subject of fierce bidding by three parties.
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
It was featured on Yahoo and CNN news channels plus a host of websites as a key indicator of the changing auctio
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
n market.
There will always be a place for traditional auctioneers who can validate and promote individual lots
There will always be a place for traditional auctioneers who can validate and promote individual lots
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
through a quality catalogue and network. However, online activity continues to grow exponentially within the art,
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
antiques and collectables field as the Yeats sale testifies.
Why did the vendor choose Invaluable to dispose of
Why did the vendor choose Invaluable to dispose of
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
this work? There are, of course, many viable alternatives but the bottom line is that Invaluable is respected fo
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
r the breadth and diversity of its mainstream auction search service over the past 15 years. Its reputation for o
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
utstanding customer service also means that it has rapidly attained power seller status on eBay and gives vendors
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
numerous advantages should they wish to access this 150,000,000 strong audience.
Further benefits include the a
Further benefits include the a
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
onymity of Encore Auctions, the Invaluable store on eBay, low seller commission, no buyer’s premium and very targ
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
eted online marketing through major search engines. Moreover, there is ongoing cross fertilisation between the li
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
stings placed on Encore and lot information from conventional auctions that meet the criteria of the Invaluable c
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
lientele.
The best way to fully appreciate this shift in the way business is being transacted is to read the rec
The best way to fully appreciate this shift in the way business is being transacted is to read the rec
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ent article in the FT by Simon de Burton. This outlined clearly that Invaluable, while sensitive to the historic
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
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
approach, is witnessing more and more salerooms, dealers and private individuals use its services to dispose of i
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
tems that did not sell first time around.
Evidently, it’s horses for courses. Not everybody will embrace and wel
Evidently, it’s horses for courses. Not everybody will embrace and wel
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
come such innovations but there is a groundswell of support for Encore and similar initiatives that continues to
.
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
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
gather pace. When one sees the FT generate that kind of coverage, there is a sense that the tide is inexorably tu
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
rning towards slick, cost effective marketing campaigns that combine old world values and new world communication
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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