Advice You - Business

If you go to a networking meetings or Chamber of Commerce Mixer it

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

is indeed important to get to know everyone and not necessarily lau

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

Examples of combination products may in

nch into a full court press sales pitch, as that does get a little

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

annoying and that is no way to win friends and influence people at

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

all.

Nevertheless, too much idle chitchat about the weather and yo

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

Combination pro

u are liable to lose your audience. Most superstar entrepreneurs an

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

d those who are running fast moving companies are not interested in

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

endless chitchat. In fact you are probably very lucky if they are

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

in attendance in the first place.

If you are well-spoken that is a

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

good thing and yet too many people use this skill incorrectly and

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

ill take about; he said, she said for way too long. Or discuss the

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

Following aspects would a

weather, nice day isn’t it? Indeed it is. Yes, but remember l

dd to the challenges in developing combination products:

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

ast week? Oh yes I sure do. When this sort of stuff goes on and on

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

for 10-20 minutes, it is like, get away from me! You know what I me

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

an?

So, it behooves you to move the conversation along otherwise y

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

ou look linear, stupid and certainly not someone of interest or any

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

Professional from academic institutions, pharmaceutical industries, health care indust

one they would wish to do business with. How about those Yankees? S

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

ure great opener, but this does not mean you need to talk about bas

.

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

eball for the next 30-minutes. I hope you will consider this in 200

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

Companies that provide selfless information through particip

6 and understand its importance at your next networking opportunity

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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Advice You - Networking Does Not Mean Idle Chit Chat About the Weather

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