Advice You - Business

This is the time of year when many of us are reviewing our plans for our local annual golf event. Since most of these ev

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

ents are for charity, budgets can be lean.

If you have not already considered a ‘Sponsor’ donation category, this is a g

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

Examples of combination products may in

ood way to raise the total contributed quickly. Local companies can be persuaded to contribute – sometimes in a fairly l

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

rge way if you know what they are really looking for.

In a word, it’s publicity. Good publicity is not a commodity easi

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

ly come by. So by giving them good publicity, they are more likely to open the corporate wallet. Many events have local

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

Combination pro

companies sponsor a hole. For this to work well, not only should you provide a listing in an event flyer but you should

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

invest in some quality signage at each hole that proudly lists the sponsor.

Now get even more creative. Ask one or more

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

sponsors to donate for event gifts for the participants. Their take? Their name listed with yours on the items given aw

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

ay. For example, you can get towels with the event logo and the sponsor’s logo imprinted for a very reasonable price. T

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

is is an item that will last for quite some time so it has real value for a local company. Other popular items can be go

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

lf tees or logo’d golf balls. In either case you can sometimes co-brand with a major sponsor.

Use the publicity angle t

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

Following aspects would a

o your advantage to get local news coverage. Local TV stations and radio stations are always looking for local news to a

dd to the challenges in developing combination products:

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

nounce. Be sure to contact them well in advance (4 months or so) and arrange for some coverage. Invite a local sports c

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

aster to participate for free so the local news camera crew has a good reason to show up and film their sports announcer

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

eing a good sport for a great cause. This works well with local newspapers as well. There are more news hungary media o

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

utlets than ever that desperately want something worthy to report on.

Finally, make sure that all your communications ar

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

Professional from academic institutions, pharmaceutical industries, health care indust

professionally prepared. Invest a small amount to get some stationary printed up. Be sure to stress in all communicati

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

ons what is in it for them to cover or donate to your event. Approach local golf shops with the same types of offers th

.

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

t you’d use for any local company and you may be surprised at how generous they can be.

Raising a little or a lot for yo

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

Companies that provide selfless information through particip

ur charity is determined in the planning. So start planning now and set new levels of donations for your event this year

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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Just like there are private credit reports, a company or commerce with legal entity has a credit history and thus a business credit report that will show creditors and potential lenders what they company's credit behavior has been in the last few years.

Using the radio to market your business costs nothing and can bring you a ton of new customers and clients and can help to establish you as an expert in your field. This article gives you ten things you need to do to prepare for the big day.

The job market is highly competitive and it is important to prepare yourself before you start your job search. Multiple careers, downsizing workforces, and a lack of job security are realities of today's job market.

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