Advice You - Business

If hard work were such a wonderful thing, surely the rich would have kept it all to themselves- Lane Kirkland

As you no doubt already know, working from home is the growing choice and dr

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

eam of many. Suffice to say that working from home has been fuelled by the exponential growth of opportunities offered via the internet. This single phenomenon is changing the face of how

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

Examples of combination products may in

we work forever! Internet marketing has been long in coming! It is the new rush for gold in the 21st century and it is available to those who recognise it and will cease the opportunity.

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

It’s much more fun to quit your job and use your brain to survive!

1. Ground Zero!

Double jeopardy! As if hard work was not bad enough employment, I disliked the job I was doing! You c

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

an only imagine how tortuous the road was to work each time I had to undertake that journey! Hey, how long have you been in a JOB (Just Over Broke)? The painful reality is that when you’r

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

Combination pro

e working for someone else, you usually end up working for less and getting taxed more and you still face the possibility of getting the sack! Little wonder, the workers of the world are

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

in chains!

2. Enter; Internet Marketing.

My entry into the internet marketing world was through a virus, sorry, a viral e-book. It was free, had a title promising the world but had a fr

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

ont page telling me ‘there was no guarantee of success, either written or implied’! Argh! For the gurus out there, viral e-books work as you can see from how I started out on my internet

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

marketing career. This will be your first port of challenge in the internet marketing field. What challenge? The information overload! In business parlance, the internet marketing industr

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

y does not have entry barriers or exit barriers. The result of this is information overload and a good number are on sale!

3. Quit Your Job or be Sacked, all the same!

The whole idea he

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

e is to quit your job and use your brain to survive! It’s much more fun or is it? It’s worth paying attention to words like this, ‘entering into any business venture involves risks. If yo

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

Following aspects would a

u are not comfortable with taking risks, then the business world is not for you! The internet marketing world should definitely not be considered as a no-work-required solution to making

dd to the challenges in developing combination products:

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

money. The road to internet marketing needs personal, consistent and focused navigation to starting and running your own online business. Here is an encouraging poser from an established

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

and experienced internet marketing guru, ‘the scariest moment, for me, at least, in the whole process of starting to work from home was when you realise time has come to stop learning and

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

start doing! He started doing and is reaping thousands off the internet today! It’s much more fun to quit your job and use your brain to survive!

4. You Are At Work Now!

Remember how a

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

t work, before you quit or were sacked, your bosses expected you to work with little supervision and come up with brilliant and innovative solutions? Well, as you sit in the house in fron

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

Professional from academic institutions, pharmaceutical industries, health care indust

t of your PC or you tuck into some information product, YOU ARE AT WORK with the difference that it’s for and by yourself. You must marshal all the power in that brain of yours as your pr

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

oductivity or otherwise is squarely in your hands now! What do you think disclaimer statements like this mean, ‘the author/publisher specifically disclaims any personal liability, loss, o

.

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

r risk incurred, as a consequence of acting on, undertaking or relaying any advice or information presented herein! It means simply that you are the boss. Get advice, buy advice but alway

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

Companies that provide selfless information through particip

s do the balancing and make the final decisions based on what you reckon you can put up with. It’s much more fun to quit your job and use your brain to survive.

Copyright 2006 Peter Crow

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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Advice You - It's Much More Fun To Quit Your Job And Use Your Brain To Survive!

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