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Thousands and thousands of people are making use of social media a

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

nd you can also make use of social media to earn money. You need t

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

Examples of combination products may in

o make some effort to be able to make money with the help of socia

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

media.

• The very first thing you would have to do would be to c

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

reate a big and good network. Make use of the social media sites l

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

Combination pro

ke Wikipedia, MySpace, YouTube, Digg, Orkut etc. If you can networ

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

k on these sites, you can get yourself noticed and make money with

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

the help of these networks. There are many options to make money

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

hrough social networking sites but there should be a limit to it o

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

therwise it could all go haywire.

• It pays quite well, if you co

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

ld make an impression of yourself as an expert in your chosen fiel

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

Following aspects would a

d. If people feel you know what you are talking about, they would

dd to the challenges in developing combination products:

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

be willing to follow your suit and would listen to what you have t

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

say. This trust could be used by you to increase the money you ea

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

rn from advertising.

• It is all about networking and that is wha

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

you should make use of. You need to get in contact with more and

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

Professional from academic institutions, pharmaceutical industries, health care indust

more people, which will give you more referrals increasing your op

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

portunity to make money. Earning money from referrals depends a lo

.

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

on referrals and you will have to work on it. The same goes with

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

Companies that provide selfless information through particip

affiliate marketing. It is also a very effective way to make money

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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You won’t be if you accept a very simple premise. Here, in just two sentences, is your pathway to effective public relations. A pathway that lets you target the kind of stake- holder behavior change that leads directly to achieving your objectives.

When you think about it, sealing that deal is all about salesmanship using print. It is all about addressing the needs that your prospect wants to be fulfilled as well as proving you fulfill those needs in the most results-oriented ways. When preparing your tender document, these are 23 of the most

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