Advice You - Business

When discussing the coming franchising of all the Worlds nations starting with

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

third world nations to bring them into the first world many have asked why? Why

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

Examples of combination products may in

franchise the World? Are we franchising the World for franchising sake? Or is

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

there a purpose and if there is a purpose do we have any buyers or customers an

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

d who might sign up for the first franchise?

Well, first this is not franchisi

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

Combination pro

ng for Franchise sake really, in fact franchises do better thru team work, both

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

the franchisor, the brand name and all the franchisee countries. It is a Win/W

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

in and it works. Right now trade wars lead to real wars, animosity and such is

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

the current norm. We have in fighting over ideology and fundamentalism so often

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

leading to impossible and insurmountable impasse, in a franchise system there

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

is more unity.

You see, everyone is a buyer for the World Franchise System; it

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

Following aspects would a

is only a matter of when it makes sense for them. Until the time is right it m

dd to the challenges in developing combination products:

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

akes no sense, but as we see in Thailand, they are a buyer right now, who will

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

be next? Lebanon? Palestinian Authority (new country), Hmm? How can anyone say

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

there are no buyers out there for a system that can be ongoing and actually wor

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

k based on a model of what we have here (The United States resembles a franchis

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

Professional from academic institutions, pharmaceutical industries, health care indust

e organization and system) albeit, more like what it was like with the thirteen

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

colonies forming as one team.

The fact is that a franchise system for emergin

.

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

g nations makes sense and therefore a World Franchise System should be implemen

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

Companies that provide selfless information through particip

ted to bring all the rest of the nations up to speed. 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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