Advice You - Business

Here are several suggestions to help keep trade show display expenditures in line:

1. Consider renting a trade show booth rather than buying one. Renting a trade show exhibit appli

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

es only if you are planning a one time or occasional trade show appearance or if you have a simultaneous trade show in another part of the country that conflicts with your exhibit sc

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

Examples of combination products may in

edule. It does not make economic sense to rent a trade show display if you plan to exhibit more than three times in a given year. Be sure to rent a booth that will fit into the siz

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

of the exhibit space. Renting will save you not only on trade show booth construction costs but also the expense of warehousing your display after the trade show is over.

2. Upgra

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

de your existing trade show booth. If you choose not to rent, you can upgrade your older booth by changing its graphics, relaminating color panels, and redesigning structural elemen

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

Combination pro

s. This is a much more cost-effective way than starting from scratch.

3. Invest in a pre-owned trade show display. If you do not already have an existing trade show exhibit boot

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

to upgrade, you can find pre-owned trade show exhibits that are greatly reduced from their original cost. Many trade show exhibit houses offer top quality pre-owned exhibits that a

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

re well maintained and easily adaptable to new signage, often affording reductions in exhibit design time and construction costs by more than half. You also have options on size, des

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

gn, scope and price similar to trade show booth rentals with a variety of style and dimension options. Perhaps with little more than a customized graphics upgrade your trade show exh

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

bit can be “out the door and on the floor” in a matter of weeks.

4. Consider a lightweight trade show exhibit. A lightweight exhibit will reduce operating costs such as freight, dr

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

yage, and storage. Select a trade show display that packs easily and is uncomplicated to install and dismantle. A custom modular or custom portable trade show exhibit can have the

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

Following aspects would a

look of a custom exhibit, while reducing operating costs by 50 to 90 percent.

5. Pack extra supplies. When your installation and dismantle company installs your exhibit at your tra

dd to the challenges in developing combination products:

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

e show, you’ll find that emergency repairs and materials replacements often are costly. So keep a backup supply box filled with items that may need to be replenished at the trade sh

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

w. Include power cords, tools, light bulbs, Velcro, scissors and duct tape.

6. Plan well in advance. This will help you avoid unnecessary rush charges from not scheduling adequate

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

lead time for the trade show display’s graphic design and production requirements.

7. Set up the trade show display during pre-show week days. Avoid costly weekend and overtime la

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

or costs on the trade show floor. Early trade show booth assembly also helps you to avoid last minute glitches that run up the tab.

8. Understand trade show services. You will fre

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

Professional from academic institutions, pharmaceutical industries, health care indust

uently require supplemental assistance from trade show services at the trade show exhibit hall. These are representatives and union laborers who provide such support services as inst

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

allation and dismantling, carpeting, furniture, lighting, phones, drayage and security. If you are aware of the nuances of these charges for trade show services and plan in advance

.

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

ou can save money while avoiding numerous pitfalls.

Experience is the best teacher in keeping trade show exhibit costs under control. If your display team has limited know-how, tap

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

Companies that provide selfless information through particip

into the wealth of knowledge available from the staff of a reputable trade show exhibit house. Also do your research on trade show exhibit company websites for industry insider tips

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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