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Advice You - Franchising the World: Signing Up Nation States as Franchisees
In the concept of Franchising the World, we will need to sign up natio 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 ns. Some believe that we need to set up a marketing and sales departme ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in t. A marketing department to alert the world of the benefits yes, but lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. sales department no, not really; you see; My strategy is to not sell here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe franchises. Instead allow other Third Worlds to ask to join. As they d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ee the success of others who have joined they too will join. Simply ma 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 the Offer Available thru the United States State Department or a New 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 Committee at the UN, backed and funded by the US and World Bank. We nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically llow the leader of the people who has the will of the people as well c 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 ntact us, usually this will be a new leader from the people, who wants ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi for the people and not himself. An entrenched leadership, disliked by ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a the masses is a No Go. And just like tenure makes folks lazy, entrench dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod d leadership makes them mean generally, sometimes paranoid and after r cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin thless to maintain their power. When a leader rises up from the peopl tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen e, it is at that moment that he is a candidate for the new plan; the p 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 ople will follow him. That is my strategy in a nutshell. Machiavellian ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust Principals also agree. Loved and Respected, willfully following their y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products chosen Prince. From there the entire system will be set up by the peop . 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 and for the people and as more and more countries sign up in a commo elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip cause we can take mankind to the next step. Consider all this in 2006 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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