Advice You - Business

Putting together a charity fundraising event like a Casino Night Fundraiser can be a lot of work unless you're well organized. Events like these often include live entertainment, a cater

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

ed dinner, live and silent auctions, sponsorships, ticket sales, tax deductible donations, and a host of other details that require plenty of advance planning.

The plus side is that a C

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

Examples of combination products may in

sino Night is a great excuse for adults to get all dressed up and have a fun time, so turnouts are impressive. There are lots of charitable groups who need to raise large amounts of oper

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

ating funds and these events really deliver if done well.

Getting started You need a strong crew of volunteers with a passion for getting things done. Group the tasks by category and d

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

vide them up by skill set of your volunteers. It's best to have them work singly or in pairs, partnering veterans with newcomers. Having too many people assigned to a task just slows it

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

Combination pro

own.

The only exception to that rule is in seeking donations of auction items. Have everyone call or better yet, visit their contacts to ask for their help with donated products or serv

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

ices. Seek out things with a true "Wow" factor to generate a strong buzz of excitement around your auctions.

For your games of chance, contact party supply and equipment rental firms. I

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

major metropolitan areas, there are also companies that specialize in supplying this equipment and many even supply staff to run the games, deal the cards, etc.

Make sure you have all

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

ermits well ahead of time. Some jurisdictions have special restrictions on gambling-related activities even when they are for charity and don't involve cash winnings, so research this ca

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

refully.

Raising funds A Casino Night fundraiser offers dozens of ways to raise funds for charity, including silent auctions, live auctions, raffles, poker tournaments, individual spon

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

orships, corporate sponsorships, cash bar, gourmet catered dinner, and ticket sales.

Set your ticket prices high enough to cover all your expenses. In some instances, a high-dollar tick

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

Following aspects would a

t price makes the event exclusive and will help attract a wealthy roster of supporters.

You can price tickets differently for those who might not want a catered dinner or gambling chips

dd to the challenges in developing combination products:

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

included. Some people won't and you do want as many people as possible attending and bidding on your auction items.

To boost ticket sales to a black-tie affair, you'll want your meal c

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

tered by a trendy restaurant that has a certain cachet. God press coverage mentioning society and celebrity attendees will also help sell out your fundraiser.

Publicity Besides publici

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

ing your Casino Night fundraising event in your newsletter, by email, and through word of mouth, to get a big turnout, you have to get media coverage.

Put together a press release summa

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

rizing the highlights of the evening and emphasize why you are raising funds. Include details on the entertainment, the sponsors, prominent attendees, your best auction items, etc.

Incl

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

Professional from academic institutions, pharmaceutical industries, health care indust

de full contact information as well as the obvious information such as place, date, and time. Send it to all the major media outlets in your marketplace well ahead of your fundraiser. In

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

lude a group photo such as the organizing committee or your group's board of directors.

Summary A Casino Night is a great way to raise funds for your cause because it gives people an e

.

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

xcuse to dress up and have fun. Sure it's a lot of work pulling it all together, but the results are well worth it.

This type of event offers multiple ways to raise funds and is easy to

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

Companies that provide selfless information through particip

promote. It also lends itself well to becoming an annual tradition. Plan everything in detail, divide the tasks, solicit auction items and corporate sponsorships, and have dinner catered

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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As professional and individuals who want to make a difference, reach our goals, achieve more, to in fact, unleash our potential, we need to be continuous learners. And to be the most effective continuous learners, we must learn to harness the power of reflection.

If you think advertising is a high-stakes gamble, one that is full of risks and gimmicks at expensive prices, think again. Advertising follows, in fact, some very logical rules. The first is that good advertising is based on market research. Before you advertise, you need to understand the customers you're trying to reach. What are their needs? What factors influence their decisions to buy? What features of your products or services offer what they truly want? And what weaknesses in your competitors could bring these target customers to you?

Communication is key to a trusting relationship with you and your customers. Keep them coming back for more.

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