Advice You - Business

What is DECA?

Unlike any math, science, or English class a student might attend, the DECA classroom is a learning experience li

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

ke no other. You may not have heard about DECA, but you will be hearing about the success of its students in the future. DECA

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

Examples of combination products may in

ives thousands of high school students the chance to travel the country, meet thousands of other students, and learn the skills

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

nd abilities needed to prepare them for a career in marketing or business.

So what is DECA? DECA, started in 1946, is the only

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

international student organization operating through schools to attract young people to careers in marketing, merchandising, man

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

Combination pro

gement and entrepreneurship. Membership includes 185,000 students and advisors throughout the United States, Canada, Mexico, Gu

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

m and Germany who have the opportunity to meet and compete with each other at DECA conferences.

Each year DECA members compete

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

n district, state and international career development conferences. Students compete in events like financial services marketin

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

, food marketing and international business through a combination of written tests and role play exercises with leading business

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

professionals. The top performers at each district conference advance on to the state conference where they compete once again

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

o be an overall finalist and travel to the International Career Development Conference. This May, 13,000 DECA members from arou

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

Following aspects would a

nd the world traveled to Orlando, Florida to compete at the International Conference.

At this year’s International Conference,

dd to the challenges in developing combination products:

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

ECA’s corporate sponsors gave out over $250,000 in scholarships to students. Students can also gather information about job opp

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

rtunities and college choices from various businesses and universities that set up exhibits at the state and international confe

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

ences.

Michigan DECA alone has 7,700 members in 160 chapters. Each year these members compete at their district conferences fo

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

the chance to advance on to the state competition held in Dearborn, Michigan. Over 500 Michigan DECA members competed at the I

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

Professional from academic institutions, pharmaceutical industries, health care indust

ternational Conference this year, many earning honors as overall finalists in their competitive categories.

In addition to comp

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

ting and gaining leadership experience, members participate in various community service projects. In 2006 alone, Michigan DECA

.

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

chapters raised over $84,000 for the Muscular Dystrophy Association. DECA isn’t your average after-school program, and its memb

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

Companies that provide selfless information through particip

rs aren’t average kids. So don’t be surprised if the business and marketing leaders of the next 20 years were once DECA members

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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