Advice You - Business

Here are some fundraising ideas for events to help your team raise funds for Relay Of Life. Most of these can be put together by a single team or in partner

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

ship with other groups.

Fundraising Billboard

A unique idea is to put together a fundraising billboard in support of breast cancer research. People pay a

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

Examples of combination products may in

reasonable fee, say $100, to add a name to a billboard list honoring women who are struggling with or have the lost the battle with cancer.

Dinner Dance

P

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

ut together a fun dinner dance with live music and good food. It could be a formal affair with catered food or a rocking good time accompanied by a pig roas

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

. Use a one price covers all approach, then add a cash bar or wine tasting to raise extra funds.

Fashion Show

Fashion shows are always fun and, if well pr

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

Combination pro

omoted, can draw hundreds of women. Charge admission and offer lots of other fundraising activities. Add silent auctions for donated items or services such

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

as spa treatments or private lunches with top designers.

Pancake Breakfast

A good location with lots of road signage can really pack them in for a pancake

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

breakfast. Costs are low and opportunities to add-in extras are abundant. Offer raffle tickets, silent auction items, and sell ad space or sponsorships on

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

our placemats.

Mardi Gras Fundraiser

Great parties like Mardi Gras events attract a fun-loving crowd. Book a good band and line up some Cajun food for a b

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

uffet. Sell beads, glow necklaces, party hats, etc. Run a cash bar and auction off something big like a trip to New Orleans.

Shop For The Cure

Another goo

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

d idea is to work with local merchants to put together a special shopping experience aimed at women. Host in a convenient space like a convention center, ch

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

Following aspects would a

urch meeting hall, or even a shopping mall. Try to get as many items donated as possible while keeping things a win/win for your merchants. Don't forget to

dd to the challenges in developing combination products:

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

romote it to men also as a good place for gift buying.

Cow Chip Fundraiser

A country-style fundraising event involving raffling $20 chances for winning a

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

$5,000 cash prize. The fun catch is that the winner is determined by where a cow answers nature's call on squares marked off in a field. Add in live music,

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

barbecue, and family fun activities and you've got the makings of a major success on your hands.

Casino Night

Put together a full-fledged casino where adu

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

lts gamble with play money for a good cause or just make the main event a Texas Hold'em Poker Tournament. Either one will draw a big crowd where you can add

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

Professional from academic institutions, pharmaceutical industries, health care indust

extra moneymakers like a buffet dinner, a cash bar, a whiskey tasting, cigar tasting, etc. Look to local merchants for partnerships and publicity.

Summary

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

Working with other Relay For Life teams allows you to pull off even larger fundraising events. Look to create a fun experience for just adults or hold a fa

.

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

mily-oriented Saturday afternoon event that offers entertainment to all age groups.

Work with local merchants to expand into offering silent auction items

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

Companies that provide selfless information through particip

of donated goods and services. And most importantly, work hard to get advance publicity for your Relay For Life event from newspapers, radio, and television

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 patients and medical billing companies, we complain a lot about insurance companies. Hopefully, this installment will give us a bit of perspective of how hard it really is for insurance companies.

It is so easy to sit down to complete an application and suddenly your mind blanks. You can't remember dates or names or telephone numbers. If you have a varied work history, you can't recall which job came first. If you have worked for the same employer for years, you forget when your duties changed or when you received a promotion.

There's one thing that separates successful people from failures. Do you want to know what it is?

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