Advice You - Business

We have been spending many hours surveying the market for a potential business location in the South Western Region (region # 9) of Colorado. Pouring through data, seeing th

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

e tourist sites, and understanding the market there. Meeting with officials, business people and visiting businesses we learned quite a bit about the region and the future p

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

Examples of combination products may in

rospects there for someone opening a business.

One of the main cities we took data from and drove around talking to real people there was the City of Cortez. Which is just

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

North of Four Corners and is a big trade partner with Farmington, NM and sees a lot of tourist traffic traveling to the state parks and federal parks there, namely Mesa Verde

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

Cliff Dwellings. It also receives traffic traveling to and from Durango and Telluride.

First off the numbers and population stats look good to us in that 35% of the popula

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

Combination pro

tion is 25-54 and that is both our age range to hire from and our biggest marketing sector for car washes and detailing services. Up the hill and around the corner in Durang

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

o that stats were a little higher as retirees with money have moved in there. Higher age and higher economic socio status. Good money flow from that group. Also it has dri

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

ven up housing costs. Durango imports most of its labor from Cortez and about 5000 people come into work in the city every day and only 800 leave to work each day.

Cortez h

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

as a huge Navajo population and they have mingled with others and provided a good strong and very reliable base of labor for many non-techy type jobs. One-third of the popul

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

ation rents and does not own homes and that number is growing as retirees move in and drive up property values making it difficult for local young couples to buy homes. Much

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

of the data we searched out from Fort Lewis College matched our findings and observations.

http://www.soba.fortlewis.edu/sbdc

The population increase of Denver is matched

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

Following aspects would a

in South Western Colorado with about 8% in the last decade increase. From 2001-2002 up 1.78%, strong growth. Statewide Colorado saw about 1.5 – 1.6% over all. And you can

dd to the challenges in developing combination products:

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

see that growth in Montrose, Grand Junction, Boulder, Parker, Colorado Springs, pueblo, Greeley, Fort Collins, Aurora, Denver Highland Ranch, Loveland, etc.

Many of those mo

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

ving in area doing so with second homes for Summer to get out of heat in places like Vegas, Arizona and lower NM. It is Country Type living and the family values and communi

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

ty is strong and very nice. Safe place. Only San Juan County declined and drastically at 2.13 %, which is a small-populated area and therefore the numbers are skewed. Dema

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

nd for labor is up and unemployment is down. Increased demand for labor exceeded 16% since 1999 and job labor rates climbed and the demand was mostly in retail and in servic

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

Professional from academic institutions, pharmaceutical industries, health care indust

es for the wealthy older people moving in. Also in tourism as increased after 9-11 since most of the area is traveled to by automobile and tour bus. They expect another 4%

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

increase in the next five years for labor, meaning labor rates are improving and therefore quality of life is improving. 17% of the area is owned by Native legitimate Indian

.

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

s and nearby the Ute Tribe has a casino, which is one of the largest area employers.

It appears it would be a great place to run a business especially if you exported out of

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

Companies that provide selfless information through particip

the area and needed a hard working and reliable labor supply. We liked what we say in South Western CO and feel it might just be what you are looking for, so think about it.

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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