Advice You - Business

Fundraising offers you the perfect opportunity to give back to your community or favorite organiza

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

tion. There are literally thousands of worthy causes that you could create the perfect fundraisin

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

Examples of combination products may in

project for whatever you needs might be. This article will help you discover some of the more cr

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

ative fundraising opportunities that are available to you today.

Car Washes are All Dried Up

Whe

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

you think of fundraising projects you might be thinking of one of the most popular methods for mo

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

Combination pro

t groups and organizations to raise money with a fundraiser. Yes, it is the car wash. This is on

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

fundraising project that always seems to work, but they are not nearly as effective as they once

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

ere year ago.

Golf Is a Big Money Making Fundraiser

One of the newest and perhaps the most excit

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

ng fundraising events to come along in awhile is a golf fundraiser. You may want to consider holdi

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

g a putting or driving contest event at your local golf course. You can usually secure a very rea

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

onable rate from a public golf course to hold such an event.

Puppy Wash Is A New Twist

When is t

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

Following aspects would a

he last time you gave Fido (your dog) a bath? Well, most people usually hate this task, but it cou

dd to the challenges in developing combination products:

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

d be a great new twist in a fundraising event for your next project. You could get some local pet

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

stores and veterinarians to advertise for you, all you do is buy the dog shampoo and get out some

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

ig tubs and have some fun. You could specify certain prices for the size of the dog. You just mi

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

ht be surprised how well a fundraising project like this can be.

There are so many ideas for a go

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

Professional from academic institutions, pharmaceutical industries, health care indust

d fundraising project that the

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

ist could go on for miles. Like anything you should think outside the box. Cookies and car washi

.

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

g are good, but a more creative fundraising event will usually prove to be much more rewarding in

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

Companies that provide selfless information through particip

he long run and you might even be able to make it an annual event or semi-annual fundraising event

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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