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Digg It - Buying At An Auction Can Be A Thrill - Just Don't Pay More Than You Have To
There are many things to keep in mind when buying at auction, particularly in 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
fast-paced world of e-commerce. If you’re a first-time buyer and you’re not carefu
; 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
l, you could spend a lot more money than you need to.
The first thing to remember
The first thing to remember
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
is that buying at auction should SAVE you
money. If it’s going
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
to cost the same as, or more than going to a store
and just buying the item, the
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
why buy it through an auction site?
Therefore, you want to avoid auctions for ho
Therefore, you want to avoid auctions for ho
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
tly contested items, where the price will
be driven up by buyer demand. Unless t
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
he item is rare or hard to find, you shouldn’t
spend more than the average price
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
for it. And look around the Internet to see what
prices you can find. Sometimes
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
buying at auction isn’t the best thing after all.
If the item you want is rare, a
If the item you want is rare, a
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
d bidding for it will be competitive, decide up front
the absolute maximum you a
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
re willing to spend -- and stick to it. Don’t bid any
higher than that, period.
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
A better option for a buyer is to use a reverse auction site, such as Oltiby.co
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
. There, sellers compete for your
business by offering their lowest pric
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
es on the items you’re looking for.
You don’t have to worry about price
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
being driven up by competition, because
there’s only one buyer -- you. Buying s
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
omething in an auction is most likely to be
financially wise when there’s less c
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ompetition between you and other buyers.
When all is said and done, the important
When all is said and done, the important
.
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
thing is that you got what you were looking
for and you weren’t ripped off. If y
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
ou do it right, an auction service can be the
safest, smartest way to buy things
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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