Advice You - Business

Recently a few scholars have been talking about franchising the world and l

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

uckily I am the one who is brought to their attention. They ask the obviou

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

Examples of combination products may in

s question, which has been asked before of major projects; if we franchise

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

the nations of the world then who will build the franchise system and who w

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

ill help the franchisees of the Third World countries who sign-up to become

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

Combination pro

first world nations? There will be lots of infrastructure to build so the

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

civilization will succeed as a franchisee of the world franchise system.

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

ell, last time I checked industrialized nations did not have a shortage of

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

large corporations or businesses who were interested in building stuff. Fo

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

r instance; The Military Industrial Complex does not care what it builds? N

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

uclear power plants, levees in New Orleans, a bridge in Peru, a high-speed

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

Following aspects would a

train in Argentina, a dam in Egypt. Or the same companies could just keep b

dd to the challenges in developing combination products:

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

uilding rockets for space or ships, bombs and planes to protect the System.

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

The bigger the system the more to protect and the more to build, plenty to

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

do, everyone wins.

So you see, free enterprise can build anything and tha

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

t is what entrepreneurial capitalists and businesses are for. Everything y

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

Professional from academic institutions, pharmaceutical industries, health care indust

ou see in our great civilization everywhere you go was built by a company.

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

Of course you can understand why the scholars ask the question; because the

.

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

y have been pondering theory and have really never built anything in their

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

Companies that provide selfless information through particip

life. Please consider all this in 2006 and let's get the show on the road.

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 the Nations of the World; Who Will Build It?

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