Advice You - Business

There are many people in the world and the funniest ones out there are the

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

non-believers is the reality of how things in the World really work. Someti

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

Examples of combination products may in

es you find hard-core liberals living in a false reality. Sometimes you fin

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

actual intelligent people out there who are overwhelmed with details and t

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

erefore believe because of the perceived complexity of a situation or solut

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

Combination pro

ion, they throw up their hands and say it cannot work.

This is interesting

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

and I have found critics condemning a brilliant plan to franchise the World

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

to help third world nations come up in the World. For instance a naysayer c

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

itic might say; "I do not hate the concept of franchising the World, But be

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

ing as smart as I am and since I did not think of it or recognize this plan

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

myself, it cannot work in any nation.”

Well, that is nice that someone thi

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

Following aspects would a

ks franchising the World will not work, if you can call such thought actual

dd to the challenges in developing combination products:

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

thinking and of course I respectfully disagree and sure it will work, how c

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

an it not? Piece of cake; works a lot better than any other idea I have see

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

in the last 100 years with regards to nation building.

Besides, not only

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

an the franchise system work, it is the only thing that can work and anyone

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

Professional from academic institutions, pharmaceutical industries, health care indust

who truly studies what has been tried previously and what has kind of worke

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

d and what has not and knows anything about the workings of the franchise m

.

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

del would readily see it. It is just a "system" a business format; IT is no

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

Companies that provide selfless information through particip

about controlling the world, it is about uniting it. Consider 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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Advice You - Franchising a Nation is Impossible, it Will Never Work Say Critics

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