Advice You - Business

Many people believe that first world nations need to think more globally a

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

nd that does make sense. Of course the bumper sticker that says think glo

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

Examples of combination products may in

ally and act locally is probably also a good idea.

Why not take it one st

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

ep further; think globally and act locally and then take what you learn 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

franchise it to the rest of the world in system modules to help Third Wor

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

Combination pro

ld countries become first world countries and help them solve their own pr

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

blems using your systems, plans and methods.

They keep their culture and

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

country and franchise your system, which is a proven and viable system tha

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

works. Of course you are correct in that people should think Globally, bu

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

t too looking in the mirror and acting locally never hurt anyone either.

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

hat about nationalism? Would that be in the way? Nationalism problems as

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

Following aspects would a

you infer is an issue, just like religion is a brick wall sized speed bump

dd to the challenges in developing combination products:

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

however; A World Franchising System, puts the nationalism as a cultural p

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

ride issue of ancestry and the Franchising System as the common cause to b

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

ild civilization not tear it down.

All countries wishing to sign up for t

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

he world franchise system would be able to keep their culture, religion an

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

Professional from academic institutions, pharmaceutical industries, health care indust

society. We would only help them do it better by streamlining the flows o

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

f their civilization with a perfect system, which would allow them to succ

.

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

ed. So think globally, act locally and let's unite the world in a common c

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

Companies that provide selfless information through particip

ause using the franchise business model. Please 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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Advice You - Think Globally, Act Locally and Franchise the Rest

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