Advice You - Business

If you have been thinking about sourcing products from overseas and selling them through the shops or the Internet, then look no further than turning

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

to wholesale suppliers from China. Doing business with Chinese wholesale suppliers has many benefits and advantages both for small and large traders.

; 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 only you will enjoy high quality products at reduced prices, but the higher margins will lift your profits higher, enabling you to lead your niche

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

market.

Such a tremendous growth in manufacturing and production in China has been heavily influenced by the rapid development of major industrial ce

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

tres and cities, such as Beijing and Shanghai. Many traders believe that to make a quick dollar all you have to do is go to China and find the manufac

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

Combination pro

urers of a well-known designer brands, asking them to produce an extra run for you. While this may be a good approach, you have to be very careful of

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

which suppliers you are dealing with. There is also a so-called 'dark side of the moon'. You may find it extremely difficult to find a genuine manufac

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

urer of some of the highly respected designer brands, such as Lacoste, Ralph Lauren, Louis Vuitton, Prada, etc... There are more than thousands of 'un

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

derground' manufacturers throughout China and South East Asia that make illegal, counterfeited and fake versions of these products. While these produc

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

s may be of a very good quality, in fact they are far away from the stringiest standards and procedures the original brands have in place.

If you hap

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

en to have bought a small or large lot of these goods - it is more than likely they will be stopped at customs border with full investigation being la

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

Following aspects would a

unched against you and the manufacturer. The fashion designer brands are now treating the matters of non-genuine articles very seriously. Because coun

dd to the challenges in developing combination products:

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

erfeited products costs a lot of money, jobs and resources to the original manufacturer. You may even end up standing in court or pay a hefty fine. S

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

urely, you don' want to get yourself into legal trouble...

Research your market. If you do not do a proper research you are likely to loose the money

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

and time you have invested getting the products imported into your own country. You need to do a thorough research both online and offline to identify

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

which products have higher saleability and which ones are not. Sometimes you don't have to invest a fortune! What counts is finding a highly convertib

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

Professional from academic institutions, pharmaceutical industries, health care indust

le products that are now in demand.

So, where do you find good, wholesale Chinese suppliers? Usually reliable Chinese suppliers advertise in online d

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

rectories and monthly catalogues. One of the largest, global online directory that I have come across has genuine, proven Chinese suppliers that can o

.

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

ffer excellent products at reduced prices. These products have been proven to be selling well on online auctions as well as through stores.

The datab

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

Companies that provide selfless information through particip

se of the Global Directory is updated every single day. Spend some time and see how the following directory can make your sales go further.

Thank 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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Advice You - Thinking About Sourcing Products From Overseas?

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