Advice You - Business

When you are at a seminar, workshop, or other networking event, are you using it for its full marketing potential? No? The

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, here are some powerful suggestions to make your next event a money-making endeavour:

1. Get Business Cards: A l

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

Examples of combination products may in

ot of people think their objective is to pass out business cards like mad. So, they run around an event, throwing their ca

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

rds in front of people and sprinting onward to the next table. If this sounds like you, ditch this behavior right now!

In

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

stead, ask other people for their cards. Ask them about their business and hobbies. These are connections to people. Honor

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

Combination pro

that fact.

2. Show up: It’s so easy to check out when another person is speaking. When you are chatting with some

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

one, be polite and say a few words, and then listen to them. Who knows, this could be your newest big client, best friend,

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

or spouse (hey, it happens!).

3. Take notes: Now, when you return to your table or during the next break, write a

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

note on the back of the business cards you just collected to cue about the conversation. This will help you remember late

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

r.

4. Organize your cards: When you have a little time, place all of your cards into categories such as a) potenti

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

al customer, b) referrer, c) vendor, d) general, or e) icky/never, ever call in a gazillion years. Follow up on the first

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

Following aspects would a

two as soon as you get home. Follow up with the vendors and general categories within a couple of weeks. The icky category

dd to the challenges in developing combination products:

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

can be used in the cat litter box.

5. Leave your gang: If you are at the seminar with co-workers or people you al

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

ready know, spend some time with them if you must. But make it a priority to build some brand new bonds, as well.

6. F

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

ollow Up! Pay attention: this is the most important part! When you get home, take another day off, or set a big chunk

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

of time aside to follow up with the people you met. Send friendly e-mails out to all those people in the first 2 categorie

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

Professional from academic institutions, pharmaceutical industries, health care indust

s you made in step 4. Use the notes on the back (aren’t you glad you did that now?) to add a personal touch to each e-mail

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

. A phone call or a hand-written note is an even better touch.

Use seminars and other events to their FULL potential. Pow

.

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

erful people speak at and attend these things. Yes, you will learn amazing things to fill your brain. But remember to fill

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

Companies that provide selfless information through particip

your rolodex with amazing people, and you’ll be astounded at the added impact these powerful relationships will bring 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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Warehouses are necessary for the storage of inventory. As a result, management of the inventory and stock is equally important. The processes involved, include the recording and tracking of materials on a quantity and value basis. The warehousing management includes planning, entry and documentation of stock movements, such as goods receipts, issues, physical stock transfers and transfer postings, as well as the performance of physical inventory or stocktaking.

There are a lot of people in the world today and each and every one of them have there own way of doing things. Some end up being successful and others do not. Success is not defined by where you are from or what family you were born into. Success is taking the circumstances in your life, whatever they may be, and applying the knowledge that you have to achieve the best outcome for any given situation.

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Advice You - Seminar Secrets: Beyond Working the Room

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