Advice You - Business

In the franchising industry many service firms can excel by collecting national account

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

s, which have outlets in many states. Each franchisee can help with the over all multi-

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

Examples of combination products may in

tate National Corporate Account. Only one problem; many franchising companies purposely

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

choose not to do business in certain states such as WA, CA, MD, NY and IL.

When discus

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

ing this recently with one academic professor he advised a strategy might be to do what

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

Combination pro

many bootleggers did in the past by putting bars just over the borders of prohibition s

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

ates. Interesting indeed and his comments about cross border services from one franchis

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

e registration state to another is worthy. For instance MI, IN, KY are notification sta

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

es and not issues. IL is a tough nut to crack.

Indeed you could run units from a cross

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

border state HQ'ered franchisee. We have done this previously in order to serve large a

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

counts in my company; CarWashGuys.com, we used franchisees in ID into WA and OR into WA

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

Following aspects would a

also NJ into NY and SC, TN into VA. Etc. But it is not only the franchise registration

dd to the challenges in developing combination products:

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

states. The Federal Government also has their heads up their asses, the disclosure docs

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

being so lengthy you may as well invite your competitors both foreign and domestic into

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

your office for the day to go thru all your computers, banking records and files.

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

is not workable and indeed it very much hurts America, too bad really, we need downsiz

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

Professional from academic institutions, pharmaceutical industries, health care indust

ng of regulations all the way around. Franchising is a good venue, but when you are in

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

good business model why share it, with those who can too easily sue you after they put

.

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

out piss poor performance and you terminate for such. I would rather keep my money not

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

Companies that provide selfless information through particip

ay it to professional parasitical lawyers and Caesar was correct. 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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A number of people have realised the dream of owning and operating an independent business. These people continue to embark on one of the most exhilarating and one of the most frightening adventures ever known: launching a business. It is never easy, but it can be incrdibly rewarding, both financially and emotionally.

What are your ‘under-the surface rules’ that run your life and business? To explore, ask yourself: Where are you consistently stuck in your business? What are the things that always hang you up?

What does shortening product life cycles imply for the work of the designer and indicateings for a need to tie in marketing with research?

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Advice You - Franchising and National Account Servicing Across Borders

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