Advice You - Business

Autumn is probably the most popular season for fundraising. School has just started, sports team are beginning their season, and non-profit grou

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

ps are looking to get a piece of the holiday spending action. While other groups are selling candy, wrapping paper, and magazines for their fund

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

Examples of combination products may in

raising idea, how about looking into doing something different this year: Halloween Pumpkins.

Sure you can buy a pumpkin at the grocery store o

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

home improvement superstore, but many families, like mine, like to make choosing the Halloween pumpkins an event; sort of like choosing the Chri

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

stmas tree. We bake cookies, make cider, rent a kid friendly ‘scary movie’, and prepare to make a day of it. We bundle up in our jackets agains

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

Combination pro

the first real chill of the year and go on a pumpkin mission.

What Will I Need?

First of all, you need a pumpkin supplier. Go local if you ca

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

n and don’t be too ambitious in the amount you order. Many suppliers will deliver.

Second, you need a location to have you ‘pumpkin patch’. De

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

pending on the type and size of your group, you may be able to use a portion of a parking lot at a visible business, the school yard, or a vacant

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

corner lot (with permission of the owner).

Third, you’ll need volunteers. Some will sell pumpkins in shifts, some will help with advertising, a

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

nd so on. Send a sign up sheet around at a meeting, via email, whatever forum works best with your group.

How Do I Get the Word Out?

Advertisi

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

g is an important part of this type of fundraiser. Along with a highly visible location, your fundraising advertising plan will make or break yo

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

Following aspects would a

u. For non-profit groups, press releases and newspaper advertising is often free. Use signage at every available location. Have volunteers sta

dd to the challenges in developing combination products:

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

nd with signs at heavily traveled intersections directing passersby toward your pumpkin patch.

Make your pumpkin patch visually appealing. Twin

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

le lights, some synthetic spider webs with obligatory plastic spiders, and any other Halloween decorations your volunteers can supply will make y

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

our fundraiser more successful. After all, it’s an event right?

Other Considerations

Timing is everything. You don’t want to get stuck with u

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

sold pumpkins. A week or two after pumpkins appear in the grocery stores and discount superstores is the time to strike.

Rent or borrow a free

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

Professional from academic institutions, pharmaceutical industries, health care indust

standing tent. The weather can be unpredictable this time of year and you’ll want to keep your volunteers and customers comfortable.

Offer othe

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

r items like mini pumpkins, gourds, and baked goods. Don’t forget to ask for donations as well.

Always make sure your customers know who you ar

.

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

and why you are raising money. Be specific. ‘We are raising funds for new sports equipment’ or ‘Our team is going to the regional championship

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

Companies that provide selfless information through particip

s, can you help us get there?’

And, as always, never allow children to perform any fundraising function without adult supervision. Safety first

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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