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Digg It - The Influence of Social Networking on the Future of the Internet
As the popularity of social networking has skyrocketed over the last couple of years, the Internet of five years ago has i 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 ndeed come and gone. Web 2.0 is now the talk of major Internet players and venture capitalists across the globe. What is ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in eb 2.0? It is the next generation of Internet interactivity and utility platforms. In a nutshell, Web 2.0 involves the fac lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. litation of enhanced web user activities and experiences via systems that allow users to more easily interact, communicate here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe share information, learn and collaborate with one another. Witness the huge success of Wikipedia, a free multi-lingual e d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ncyclopedia. Formed in January of 2001, Wikipedia has quickly become one of the most visited websites in the world with mo 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 e than six million articles in 250 languages currently hosted. The premise of the founders of Wikipedia was simple: create 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 a place where users from all over the world can write and edit articles and entries according to their area of expertise. nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically n turn, content created by tens of thousands of subject matter experts is available to anyone in the world with an Interne 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 t connection. Other wildly successful social networking and interactivity websites include MySpace, Facebook, YouTube, Li ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi kedIn, Digg and StumbleUpon. To Internet companies around the world, it has become more than apparent that Internet users ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a re embracing these platforms with great enthusiasm. The Internet is becoming more than just a place to find information: i dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod is now a place to interact, communicate, learn and opine on a wide variety of subjects. Blogging is no longer the realm o cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin f the web futurists but a de facto part of doing business. Forums have popped up all over the Internet in order for member tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen to share information, ask questions and even form relationships. And tens of thousands of singles willingly pay a monthly 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 fee to network with potential love interests on sites like Match.com and Eharmony.com. In regards to business application ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust of the social networking phenomenon, the industry is young and just getting started. Over the next five years, expect a w y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products ide range of new applications to spring up in industries of all shapes and sizes. The potential for knowledge and learning . 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 is enormous as are the possibilities for unprecedented business referral partnerships. The Internet, only in its first dec elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip de or so of popular use, is going to continue to evolve to meet the needs and desires of its hundreds of millions of users 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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