Advice You - Business

How do we keep track of our business deals?

If you are only working with one or two d

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

eals, keeping track of them is a simple matter. However, most of us have far more than

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

Examples of combination products may in

two deals on the plate and even more coming down the pipeline. It is sometimes quite

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

difficult to keep track of all the details and remember who said what to whom. You nee

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

d to keep track of the names of people on each deal or project and what their responsi

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

Combination pro

ilities are. There are many techniques that you can use to keep on top of the situatio

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

n. You can purchase CRM (Customer Relation Management) software to handle the contact

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

details plus a host of other information. Unfortunately it is time consuming and you c

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

an often miss out on important proposals or calls that you need to make. Keeping track

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

of details is necessary, and keeping accurate records is also of prime importance.

U

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

ing the computer to track information does not have to be onerous or difficult; it sim

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

Following aspects would a

ply has to be planned into your day. I use my computer extensively for everything I do

dd to the challenges in developing combination products:

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

, but I do not carry it to meetings with me, I carry a simple paper notebook for each

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

client and keep meticulous notes. I then transfer the important points to the computer

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

system and have it refer to my journal for further details (I number my journals and

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

ile them for later use). Appointments, phone numbers, managers’ names, titles, project

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

Professional from academic institutions, pharmaceutical industries, health care indust

roles are all on the computer system. Making detailed notes with dates are on my powe

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

r page in my notebook.

We will go into more detail for the power page a little later

.

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

in the chapter. Right now let's walk through the various components that are necessary

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

Companies that provide selfless information through particip

for keeping the details straight and continuing to nurture our business relationships

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.adviceyou.org.ua/article/43726/adviceyou-Power-Tools-for-Business.html">Power Tools for Business</a>

BB link (for phorums):
[url=http://www.adviceyou.org.ua/article/43726/adviceyou-Power-Tools-for-Business.html]Power Tools for Business[/url]

In today's environment, businesses are increasingly relying on video surveillance systems. But how do you choose the best CCTV system, camera, or DVR?

If you can’t find a banner that meets your needs, and can custom design your own. You can customize your banner and distinguish yourself from hundreds of banners seen everyday. You can then submit your specification to a banner production company; they will produce it for you.

Trade shows are often thought of an arena for large trade show displays and exhibit booths, but there is room for an effective banner stand as well.

Tags

Links

Advice You - Power Tools for Business

Related Articles: