Advice You - Business

One of the most aggravating things that a franchising consultant has to go through is

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

to field calls from students who are writing research papers on Franchising for thei

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

Examples of combination products may in

schools. Apparently the instructors assign these projects and the business students

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

o out and make contacts in the real world.

One tactic I have found to get rid of the

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

se bogus contacts is to simply say that I am too busy and let them know that I know t

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

Combination pro

at they are merely writing a paper and are trying to get free information. Here is a

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

ypical response that you might try in fact:

Unfortunately, I am extremel

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 busy right now and cannot take on additional consulting presently. I wish you all t

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

e success in writing up your research report, Business plan or academic paper on a Fi

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

titious Franchising Operation.

If you are a student writing a paper o

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

franchising, I recommend that you read the following books:

Start Small and

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

Following aspects would a

Finish Big

Franchising 101

Grinding it Out

Trips and Traps i

dd to the challenges in developing combination products:

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

Franchising

Franchise and Licensing

Franchising for Dummies

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

he Franchise Bible

The E-Myth

These should also be listed and refe

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

renced in your paper in my humble opinion. And to all the Business Academics out ther

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

, may I say;

Be well and continued success in the Publish and Perish Wor

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

Professional from academic institutions, pharmaceutical industries, health care indust

d of academia and I would just like to say how impressed I am with all the Business S

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

chools in this nation have to offer for the Real Entrepreneurs who make it happen.

<

.

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

blockquote>

That is all for now and I certainly hope if you are a franchising consul

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

Companies that provide selfless information through particip

ant that I indeed feel your frustrations in having to field all these bogus inquiries

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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Is it me, or are people getting ruder? Are we lazy, overworked, overwhelmed, or do we just not care. What do you think?

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