Advice You - Business

When someone returns something (that you will refund on)....

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

The first thing I tell them is that I will refund their mo

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

Examples of combination products may in

ey. That sets their mind at ease, so I can find out what the

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

problem is. Starting off by saying “We don’t give refunds” i

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

the beginning of an argument. I’ve had people bring back m

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

Combination pro

chines the next day simply because the vacuum cleaner bag wa

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

way too full, and the vacuum stopped picking up dirt. Had I

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

started off saying “We don’t give refunds”, we never would

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

ave found out that the problem is very simple to solve. Sol

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

ing problems is always more profitable than arguing.

Also,

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

ry to let the customer leave happy. Every person is either t

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

Following aspects would a

e Hero or Victim of the story. Let them be the Hero. If you

dd to the challenges in developing combination products:

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

rgue to prove a point, they leave unhappy. The only way for

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

hem to get even with you, is to tell anyone who will listen,

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

that you are evil, and they were your victim. A hundred of

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

hose kind of stories about you can sink your business. I’ve

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

Professional from academic institutions, pharmaceutical industries, health care indust

een it happen. Ads won’t work then, nothing will.

Assure th

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

customer that they can get a refund, try to solve the probl

.

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

m, and make the customer happy. That's what successful compa

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

Companies that provide selfless information through particip

ies do. And that's one of the reasons they became successful

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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To ship a piece of glass, it needs to be crated. We build a crate around every piece of glass which we ship. It needs to be a custom fit so that the glass can be adequately protected.

Dear reader this article was developed to explain in pray fully simple, basic words and with a universal understanding of why one COE does not fit all, why there are varied COE's, and the important question as to why different approaches are taken in administration. And why we have supported APEX since its inception in 1999.

Many corporations and most entrepreneurs waste thousands of dollars on ineffective marketing because they violate the most basic marketing rule - they advertise to the wrong people!

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Advice You - Returns, How To Handle Them, And Save The Sale

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