Advice You - Business

Visit any fundraising or charity website and there’s sure to be a host of ideas on how you can fundraise for your favourite worthy cause. There’s probably an A-Z o

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

f fundraising ideas. They list fundraising events from quiz nights, discos, fashion shows and pampering evenings to sponsored bike rides, swims, charity runs throu

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

Examples of combination products may in

gh silent auctions, masked balls and much much more.

The problem is you’re almost spoilt for choice, so where do you begin? Well try approaching your fundraising

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

rom a different angle.

Get your committee or group together, get a calendar and work out a programme of events for the next twelve months.

You may decide to hold

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

one large annual event, such as a school fete and then break down the rest of the year into manageable, smaller fundraising events. Select the number of months you

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

Combination pro

want to undertake a fundraising activity and decide what you actually want to do. Then delegate responsibility to individuals/small groups for that particular acti

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

vity. The fundraising chairman will have an overview of how events are coming along. This gives ownership to the smaller groups for planning their particular even

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

t and saves the same few people from planning every event. It also has the advantage, over time, of involving more people in the fundraising process. This will le

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

d on to new fresh fundraising ideas, different ways of running fundraising events and will keep your fundraising programme dynamic.

For example if you are a school

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

PTA you might divide your fundraising year up like this:

January - launch a year long campaign - look into all those schemes where you can raise commission all ye

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

r round through your members etc using the service or buying the product. A good one to be organised by a couple of internet-friendly dads who can administer thi

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

Following aspects would a

s throughout the year!

March - Hold a Ladies Indulgence Day (coffee morning/lunch/evening - well it is Mother's Day - no kids and men allowed) - get stallholders w

dd to the challenges in developing combination products:

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

ho offer something for ladies -beauty, massage, lovely craft stalls etc. Get several mums working on this one – approaching local beauty saloons, party plan repres

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

ntatives etc.

May - Have a Mexican barbeque (the 5th May is Mexico's National Day). Another group can organise this – source the food, sort out the drinks licence

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

, hire a disco or band and arrange a rota for on the barbeque and the bar. They can also sell the tickets for the event.

July – Summer fete - craft stalls, local

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

ntertainer, face painters, bouncy castles, bring and buy stalls, bottle stall, raffle, pony rides, printing of programmes etc. This is always a big event to organi

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

Professional from academic institutions, pharmaceutical industries, health care indust

se so much sure you have a team working on this from the beginning of the year, but also make sure that they are not side-tracked into organising other fundraising

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

events throughout the year.

September - Guess where I've been on holiday quiz/party - get people to bring their holiday photos and dress appropriately. Run a `Holi

.

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

ay' (geography) quiz. Be outrageous ask a local holiday company for a weekend away raffle prize in exchange for giving everyone their details/holiday brochure!

Dec

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

Companies that provide selfless information through particip

ember – pot luck supper and carol evening.

Successful planning, and not overloading the same people, will keep your fundraising fresh and dynamic. Try it 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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