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Pennypinchers, churls, moneygrubbers, niggards, pikers, pinchfists, scrimps – I HATE them. They have a scarcity mentality and they nickel an

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

d dime everyone. I don’t spend any time with them. Frugality is good, but being cheap is not smart when you want to create abundance, friend

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

Examples of combination products may in

and happiness. One of the things I have learnt is that I should spend money where appropriate. Don’t take someone to a fast food joint to c

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

lose a big deal. And don’t spend a fortune on things that show no ROI. But the biggest lesson I learnt is not to do business with tightwads.

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

Pennypinchers want everything for nothing, and they always want discounts. Here’s what you should know about discounts: Assume you’re se

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

Combination pro

ling a product or a service for $200 and your costs total $150. That means your profit is 25% or $50. Did you know that if you give some scr

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

ooge a 20% discount, you cut your profits by a massive 80%? And, if you really believe in your product or service, increase your price by on

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

y 20% - that means an 80% increase in products!

Also, when you discount your product or service, what you’re REALLY saying is, “I overcharg

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

d you and tried to take advantage of you, but you saw through me, and now you’re paying what it’s TRULY worth.” NEVER discount. Morton Wilde

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

r said, “Money is like manure; it's not worth a thing unless it's spread around encouraging young things to grow.”

Instead of discounting,

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

ow about adding value? Using Joint Ventures, you can easily double the value at no cost or risk to you, AND create additional income for you

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

Following aspects would a

self at 100% margin! Use other peoples’ resources to create unprecedented value and astonishingly exciting deals, which in turn offer you th

dd to the challenges in developing combination products:

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

e opportunity to INCREASE your prices. And remember, a price increase goes straight to your bottom line, and nowhere else. This will differe

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

tiate you form your skinflint competitors who give the absolute minimum, don’t you think? When value is perceived, price is forgotten. That’

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

why people pay $30,000 for a watch that does the same job as a $15 timepiece bought at the airport. I recently paid $250 to service my Rado

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

and add a new winder. I could have bought 16,66 watches for that price… It’s all about perceived value.

Finally, have you heard about the

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

Professional from academic institutions, pharmaceutical industries, health care indust

an who bought his dear wife a lovely ring with a cubic zircon and told her it was a diamond? Well, she went to have it cleaned one day and w

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

s shocked to find out that, like her husband, it was a fake. When you’re cheap, you are simply telling the world about your feeble self este

.

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

em. When you short change your customers, you do the same. Be generous, go for quality goods, quality service and quality people, sow good s

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

Companies that provide selfless information through particip

ed and reap your just reward. You can find more information at http://www.jvwisdom.com

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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Looking to take a business trip to France? Here are some helpful tips when visiting this wonderful city. Advice about the airport, proper etiquette, what to see and how to get around the city are some of topics discussed in this article.

Registered office address service may be availed by small businesses to facilitate prompt and reliable delivery and receipt of official documents from the Government agencies.

Outsourcing cannot be considered a new phenomenon even though the rising attention toward this subject has brought lots of important issues into the daylight. Lots of service and even manufacturing companies started creating jobs overseas to gain wider access to foreign markets. They act as consultants auditors and perform other functions where their customers are. Putting it in other words, they have found customers and came to serve them. Another reason for a big number of emerging foreign companies oversees is saturation of the domestic markets.

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