Advice You - Business

Whizzing in perpetual motion the minds of those in the Online Think Tank never stop considering al

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

l sides to all issues in their quest to come up with the best decisions and solutions for mankind.

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

Examples of combination products may in

Recently a topic came up which pits capitalism against socialism in the ultimate challenge as one

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

gentleman who worked 30 years in an R and D research project is now giving it all away.

Thus he

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

tated that giving it away is best for humanity. Well yes in a way it is pretty nice of him. I agre

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

Combination pro

e that if you have an idea or concept that giving it is better for humanity and yet there is nothi

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

ng wrong with making a profit either. I also believe that Bill Gates did give away much of what he

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

produced if you will recall. In fact he did so well the government told him to stop it. No free b

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

owsers with the operating systems said FTC.

William Gates III continues to give away gifts to the

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

world; he and Warren Buffet. Indeed, I give away lots of information, concepts and stuff as well.

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

Before retirement we gave away our services often as well and carefully to the right people too.

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

Following aspects would a

Much of the information I put out to the World now is simply to do the right thing and I have seen

dd to the challenges in developing combination products:

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

the World make good use of it.

I completely live up to my words and we always give to the communi

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

ty and we always have. Yet many say that most businesses are full of rhetoric and only PR their go

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

od deeds. That is unfortunate and sometimes it makes me wish I hadn't when I read the horrific thi

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

ngs people say about entrepreneurs. If you condemn entrepreneurs then do not take this personally,

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

Professional from academic institutions, pharmaceutical industries, health care indust

as everyone does this, because they do not understand.

It is unfortunate that socialist are so qu

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

ick to condemn me, as an entrepreneur. But to me it proves that they do not have all the facts, ar

.

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

e not observant in their observations and thus their rhetoric comment are best saved for their mir

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

Companies that provide selfless information through particip

rors. I hope this article is hard-hitting and makes you think in your quest to be the best in 2007

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.adviceyou.org.ua/article/18785/adviceyou-Making-a-Profit-or-Giving-it-AwayHumankind-and-Philosophy-in-the-Balance.html">Making a Profit or Giving it Away-Humankind and Philosophy in the Balance</a>

BB link (for phorums):
[url=http://www.adviceyou.org.ua/article/18785/adviceyou-Making-a-Profit-or-Giving-it-AwayHumankind-and-Philosophy-in-the-Balance.html]Making a Profit or Giving it Away-Humankind and Philosophy in the Balance[/url]

Have you ever thought about how your retail organization handles the distribution and record keeping for its mechanical keys? If you have, what did you conclude? That the current system is a cornerstone of your security program or a liability? If you're like most, you might have reached the decision that it was just too stressful to think about and simply stopped thinking about it.

With the increasing number of notaries chasing dreams of making $100,000 a year, how do you make your business stand out from the rest.

The process of seeking feedback is one surefire way to launch you from interview failure to job interview success. It is through feedback that you learn to see yourself as job interviewers do.

Tags

Links

Advice You - Making a Profit or Giving it Away-Humankind and Philosophy in the Balance

Related Articles: