Advice You - Business

Do you ever stand in awe of those people who seem to know everybody and everything? I know I do! Regardless of what you're looking for, these people have their finger on the pulse of the 'Net and know w

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

here to find it. Their network of resources and people is incredible! Yours can be, too. It's actually very simple to create a network that works to bring you business, offers feedback and provides thos

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

Examples of combination products may in

e resources that we all need to have.

---- Make A Wish List

The first step in creating a network that works is making a list of what you want. Go ahead, think of the perfect situation where you would

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

ave anything you needed at your fingertips. For example, if you have a Web design business you might find it very helpful to create associations with people who offer services that compliment yours. Why

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

? Because if these people are heavily involved with the process of getting a Web-based business up and going, they could send you many leads and that could turn into paying clients.

What else might you

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

Combination pro

want? Perhaps free advertising or publicity to bring more business your way? Sure! Write it down on the wish list.

---- Making Wishes Come True

Now, the next step is to find the resources you need in

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

order to make those wishes realities. It's not as difficult as it sounds. Just expand on your wish list a bit in the following way.

We mentioned needing associations with service providers that complim

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

ent our example of Web design. So write down companies that provide: Web hosting, merchant accounts, shopping carts, autoresponders, Internet checks, copywriting, graphic design and scripting/programmin

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

g.

We also said we needed some advertising or publicity. So add to the list the following: ezine ad swaps, banner ad swaps, local newspapers, local TV and radio stations, Chambers of Commerce.

Finally

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

it's time to go to work. The best way to start is to alert your friends and associates of what you are trying to accomplish. It's simple to send a quick email that states something to the effect of, "I

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

'm in the process of expanding my resources and find I'm in need of the following [provide the list]. If you know of anyone who you highly recommend in one of the above areas, please offer them my phone

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

Following aspects would a

number and email address. I am interested in arranging a joint affiliation with them in order to increase both our businesses."

You can also send the same message to any lists or bulletin boards you f

dd to the challenges in developing combination products:

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

equent. Most people are more than happy to refer those they have had pleasant working relationships with.

---- Final Decisions

Lastly, once you get the results from your search back, contact the ones

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

you feel most comfortable with. Again, honestly explain what you are doing and that you would like to create a joint partnership with them in order to exchange leads, prospects and services.

Even if so

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

meone does not suit your needs at the moment, enter them into your database for future reference. I once had a graphic designer's email address and samples for 6 months before having a need for them. Ho

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

ever, because I had already established contact, once my need arose it was smooth sailing!

When you are ready to begin your projects, just contact those on your list who can fill a need. Perhaps you wa

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

Professional from academic institutions, pharmaceutical industries, health care indust

nt to advertise your Web design services. You can ask someone in your network (a Web host, a graphic artist, etc.) to participate in joint advertising with you. This will allow you to get excellent expo

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

sure for ? the price because those costs are shared with your "partner".

You can also set up a referral process. I have several arrangements with others in where we exchange referrals. Some do it for a

.

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

fee, others just do it on a one-for-one basis. You and your network member can decide what works best for you.

The results of this simple process are normally tremendous. The majority of small business

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

Companies that provide selfless information through particip

owners are always looking for ways to expand their businesses. Exchanging leads with one another, creating joint affiliations and bartering are great ways to create a broad network that truly does work

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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The terms merger and acquisition are frequently used as if they are synonyms, but have different implications. The major difference between a merger and an acquisition is their mode of finance.

Proper training of your cleaning staff not only leads to cleaner buildings, but it also means fewer accidents, faster cleaning times, and a more professional cleaning staff. Use these tips to help ensure your cleaning staff learns to do their job safely and efficiently.

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