Advice You - Business

With the hot summer just barely behind us, experienced corporate gift buyers have already begun to search the inter

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

net looking for holiday gift ideas for their employers, employees and clients. Each year corporate gift givers loo

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

Examples of combination products may in

k for gift ideas that are unique and meaningful. Below you will find a list of great gift ideas that will help you

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

shop for the holidays.
One way to show your clients and employees that you have taken the time to pick a gift

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

exclusively for them is through personalization. Personalized gifts are meaningful to the recipient, warmly receiv

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

Combination pro

d and will be remembered for years. Here are some ideas to consider when personalizing gifts:

1. Personal

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

ize each gift by name. Include each recipients name, your holiday greeting and holiday design on the gift item.

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

For example: “Jennifer – May the Holiday’s Make you Smile” – Acme Dental – 2006. Individualized personalization

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

may cost a little more, but the recipients will deeply appreciate your thoughtfulness.

2. Personalize the gift

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

s by department. “Season Greetings to ACME Mutual Accounting!” This is less personal, but you can add somethi

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

g specific for a small group of people.

3. Include your company logo in the holiday design. “Happy Holidays

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

Following aspects would a

from ACME Homes, 2006” with snowflakes falling around the company logo. Employees are proud of their company and

dd to the challenges in developing combination products:

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

seeing the logo dressed up for the holidays will put a smile on their face. This is also a great way to keep your

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

logo and company in front of your clients.

4. Include your client’s logo and name on their gift. “Happy Ho

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

lidays to Jim Smith at ACME’s Gym (ACME’s Gym Logo) from your friends at ABC.” Giving your client their logo with

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

heir name on it is always well received because people love to see their name and company logo together.

5. Eng

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

Professional from academic institutions, pharmaceutical industries, health care indust

rave a meaningful symbol on the gift. For example a caduceus symbol for a doctor, scales of justice for a lawye

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

r or just an item you know will be appreciated, such as sailboats, cars, or travel destinations. Include the recip

.

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

ients name and you’ll have a memorable gift.

No matter which personalized gift you choose, it will be received wit

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

Companies that provide selfless information through particip

h appreciation and has the potential to boost company morale and make your employees and clients feel appreciated

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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