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Advice You - Worst Kind of Failure
Success is easy to measure. It can be quantified in terms of profit, cash flow, and wealt
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
h.
Failure is more subtle.
Of course, some failures can be quantified, such as the valu
Failure is more subtle.
Of course, some failures can be quantified, such as the valu
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
of a lost sale or the cost of a project delay.
Since such failures are easy to measure,
Since such failures are easy to measure,
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
most people focus on them.
But there is a type of failure that people ignore. It has hu
But there is a type of failure that people ignore. It has hu
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
e costs. And it defies measurement.
It’s the future you could have had if you had made t
It’s the future you could have had if you had made t
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
e correct decisions.
Before you become depressed by tallying a lost fortune, realize tha
Before you become depressed by tallying a lost fortune, realize tha
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
t some of this can be easily fixed by holding effective meetings.
With a bad meeting, th
With a bad meeting, th
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
re are no results. That means there are no plans, no solutions, no agreements. Thus your
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
usiness stays stuck with whatever you had before the meeting. And that represents a much
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
larger loss than the time and payroll wasted on the bad meeting.
Imagine what your busin
Imagine what your busin
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ss could achieve with a creative plan for increasing revenue.
Imagine what your staff co
Imagine what your staff co
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ld do with solutions to the problems that hinder their productivity.
Imagine what you co
Imagine what you co
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
uld do with an agreement to support your vision for your business.
With a bad meeting, y
With a bad meeting, y
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
u have none of these. And the cost of not having these is everything that your future wit
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
them could contain.
This is why your next meeting is more than just a few hours spent i
This is why your next meeting is more than just a few hours spent i
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
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
n a conference room.
It’s your future.
So, do more than host a party where everyone tal
It’s your future.
So, do more than host a party where everyone tal
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
s about anything and everything.
Set a specific goal. Prepare an agenda. Invite those wh
Set a specific goal. Prepare an agenda. Invite those wh
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
can help. Involve all of the attendees. Use group process systems. And document the resu
.
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
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
lts.
In short, run the meeting like a business that earns a profit on your investment of
In short, run the meeting like a business that earns a profit on your investment of
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
time and resources.
And when it matters, hire a professional meeting facilitator to help
And when it matters, hire a professional meeting facilitator to help
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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