Advice You - Business

Name tags are identification materials worn by individuals that display vital informatio

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

n such as name, designation and possibly designs such as logos and other artworks. Name

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

Examples of combination products may in

tags industry is a high volume supplies industry catering to the events planning industr

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

such as trade shows, conferences and meetings. The industry supplies identification mat

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

erials such as tags, badges and plates to professionals, entrepreneurs and media planner

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

Combination pro

.

Name tags come in different forms according to the requirements of the customer. The

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

letters can be engraved, stamped or screen-printed, and letters can be different colors

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

ike red, blue and green. The material can be plain paper, plastics such as vinyl and pol

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

ycarbonates. Choosing colors, materials and the type of lettering used can customize the

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

tags. The price of nametags is based on the quality and quantity, and most of the suppli

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

ers have a minimum order volume. Rate also varies according to the number of lines, colo

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

Following aspects would a

rs and the design.

Most of the name tag suppliers have switched to the Internet, and th

dd to the challenges in developing combination products:

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

y accept orders with input such as name information and design of the logo through email

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

s and fax. The orders usually take four to eight days according to the volume. The name

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

ag industry also caters to the pet care industry by providing tags and other attachment

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

accessories.

The name tag industry has evolved into a high tech system by providing har

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

Professional from academic institutions, pharmaceutical industries, health care indust

ware like the nTAG. Invented by Rick Borovoy, this nametag is worn around a person’s nec

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

k at conventions and other gatherings. It holds personal information that the owner ente

.

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

s like place of employment, alma mater, job title, etc. It then acts like a 4 x 3 inch T

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

Companies that provide selfless information through particip

V, sending messages to other convention goers, giving them bits of information about you

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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