Advice You - Business

This is very beneficial for the entire community and is also lots of fun. It not only makes the children aware of your restauran

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

t, but also every parent and teacher.

By promoting to and assisting a school close to your restaurant, it shows that you are a

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

Examples of combination products may in

responsible corporate and caring member of your community. You are getting the restaurant's name and credibility out to areas of

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

your community that might not otherwise be aware of you.

Here are some ideas to consider:

1. Reward Outstanding Effort

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

I am not just talking about good grades. The very best students generally always do well. I believe it is important to reward

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

Combination pro

student that has really excelled according to their capability. Talk to the Headmaster/mistress and teachers and get them to no

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

minate students according to effect and diligence. You can offer free meals, deserts or even parties. You can also issue certifi

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

ates.

2. Sponsor School Activities

All schools have different academic programs and sports teams and other extra-curri

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

cular activities that need sponsors. They often have to travel long distances. You will probably even be asked to join in as a v

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

lunteer giving you further opportunities to connect with people and businesses from your local community.

3. Do a Cooking Sh

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

ow at the School

This can be educational and lots of fun. You can include any of your cooks or other staff too. Get teache

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

Following aspects would a

rs and students to participate on stage. Make things that are fun and colourful, where you can incorporate some nutrition, food

dd to the challenges in developing combination products:

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

and safety information.

4. Form a Strategic Alliance With Another Business And Share the Profits with the School

You c

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

an form a partnership with another retail store or even another restaurant. Then you get students to distribute coupons to famil

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

, parents, co-workers and neighbours. For every coupon that is redeemed at the restaurant, a percentage (maybe 10 or 20%) of the

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

ir purchase will go back to the school. It is great for increasing business for slow times.

5. Sponsor Funding The Purchase

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

Professional from academic institutions, pharmaceutical industries, health care indust

of a Piece of Equipment

Schools are always after more equipment, books or sports uniforms. Your customers can join in too!

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

Some of them might have kids going to that school next year!

6. Coupon Fund-Raisers

Try to get as many opportunitie

.

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

to participate in these as possible. Schools generally sell coupon books to raise many for all sorts of needs. Your involvement

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

Companies that provide selfless information through particip

is a great source of advertising without the normal expense.

Look for other opportunities that are presented from time to time

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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