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Advice You - Open For Business? Regular Business Hours Should Be Regular Business Hours
A few weeks ago I visited my favorite restaurant. The sign on the door noted regular business hours of 11 am to 8 p
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
m. It was 7:30. The restaurant was closed. If the sign says you're open for business then you should be open for bu
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
siness.
Today I found out that this favorite restaurant of mine is closed for good.
The restaurant that I speak o
Today I found out that this favorite restaurant of mine is closed for good.
The restaurant that I speak o
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
f made gourmet sausages. It truly was amazing. Best sausages I've ever had.
I was their best customer. I got to kn
I was their best customer. I got to kn
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ow the shopkeeper very well as I was in there quite often. The shopkeeper always told me that the restaurant wouldn
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
t be able to survive much longer. He always had a different theory as to why business was bad. The main theory was
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
that the location was bad but there were always other excuses.
I had my own personal theory as to why the restaura
I had my own personal theory as to why the restaura
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
nt couldn't survive - The restaurant was hardly ever open. There were many occasions that I visited only to find th
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
e doors locked during what was supposed to be regular business hours. Not only that, the restaurant never opened on
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
Sundays. The restaurant was in a plaza containing 6 other specialty restaurants and cafes. All the others opened o
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
Sundays and were always open during the posted business hours. All except for the restaurant in question.
I asked
I asked
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
the shopkeeper about this. He told me that it wasn't worth the cost of operating the establishment to open on Sund
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ays and that he often would close early if there weren't enough customers coming in.
I think this was dead wrong.
I think this was dead wrong.
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Do you ever notice that malls stay open to the last minute? Do you ever find the door to your bank locked even a
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
minute prior to the posted closing time? Does a movie theatre ever turn you away because you were the only customer
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
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
to show up for a screening? The answer to all of these questions is no.
Businesses, especially new b
Businesses, especially new b
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
usinesses like my favorite restaurant, must stay open during regular business hours even if it means operating at a
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
loss. A new business must build customer loyalty and goodwill and this cannot be achieved by locking the doors. ev
.
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
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
ery customer that is locked out could be a lost customer. That lost customer could have been a future repeat custom
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
er. But you will never know if the doors to your business remain locked.
Are you open for business? Then stay open
Are you open for business? Then stay open
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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