Advice You - Business

Here are some basic tips to make sure that your fundraising event is well prepared and reaches it's potential:

Delegate – don’t leave it to the same committ

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

ee members to organise everything. When you decide on your activity make a list that covers what needs to be done and then accept offers of help from other people

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

Examples of combination products may in

r simply ask people to help. Make people responsible for a specific task and then let them get on with it!

Have one person in overall charge – it leads to

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

less confusion. Fundraising members should know who to speak to about their particular area of responsibility. Nothing is worse than if you’re the person who’s ag

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

eed to hire the bouncy castle or book the disco and you have three different people asking if you’ve done this.

Plan it – the old adage `fail to plan, plan

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

Combination pro

o fail’ is oh so true! Make sure that everybody understands what they are supposed to be doing and when they’re supposed to be doing it by! Bad planning often le

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

ads to duplicated effort – have a clear plan. Have a contingency plan too – if you’re running a school fete have a dry weather layout and a wet weather layout. Th

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’s nothing worse than running around two hours before the event wondering where you’re going to fit the face painter and the jewellery craft stall.

Advertise

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

t – make sure that people know about your event. This doesn’t mean expense – be creative with this - use the local radio, the free press, the church notice boa

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

rds, the school magazine etc etc.

Sell tickets - if you’re running an event such as a disco, charity supper, guest speaker, cheese and wine evening etc th

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

t requires a ticket to get in make sure you sell the tickets in advance. Don’t just wait for people to pay on the door - get some sales revenue in before hand.

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

Following aspects would a

This means that you will have a pretty good idea on how many people might be attending the event. This will help you budget and fund the cheese and wine, disco etc

dd to the challenges in developing combination products:

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

that you need at the event. It also has the advantage that some people might not actually make it to the event but you will already have received their entry tick

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

t money into your fundraising coffers.

Divide and conquer! If you are selling tickets, raffle tickets, scratch cards, programmes, catalogue sales or produc

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

s make sure that lots of people are selling a few of each. There is nothing worse than 3 committee members trying to sell 30 tickets each to the gala dinner. It’s

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

much better to have 15 people selling 6 tickets each – it’s far less daunting a task. This has the added advantage that it should increase the mix of people at yo

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

Professional from academic institutions, pharmaceutical industries, health care indust

r fundraising (it’s not just the same faces over and over again). Always get new enthusiastic members of your group to sell a few tickets to their friends and fami

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

y. This will keep your fundraising events fresh and lively.

Post Fundraising mortem! Make sure you learn from each event/activity. What went well? What

.

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

didn’t go well? What would you do differently next time? Was the return on the effort worthwhile? Would you do that particular fundraising activity/event again?

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

Companies that provide selfless information through particip

eep a note of it somewhere useful (along with the names and numbers of useful contacts) the next organiser will be very glad of it!

Good luck with your fundraising

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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