Advice You - Internet and Businesses Online

Bidding is the act of making an offer for an item that is up for auction. Bidding on eBay however is slightly different,

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

and does not work in exactly the same way as normal auctions, at least in theory. Bidding on eBay is meant to be fun, but

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

Examples of combination products may in

remember that all bids on eBay are binding, except in the sales of real estate or businesses and the sales of items that

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

are prohibited by law or by eBay's user agreement.

On eBay, you enter the maximum amount for the item you are willing t

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

pay, and then eBay's bidding system bids for the items on your behalf. Meaning supposing you are willing to pay $100.00

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

Combination pro

for an item, you can end up paying only $30.00 for the item, if that was the highest maximum bid anyone else placed.

Bid

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

ding on eBay can be very addictive, so its a good idea to have a pre - determined amount you are willing to spend for an

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

tem and not exceed it regardless of loosing out on the auction. A good strategy here is to use eBay's proxy bidding syste

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

m to automatically bid on your behalf. This means you don't have to keep coming back to re-bid every time someone places

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

a higher bid.

An Example of how eBay's Proxy Bidding Process Works

* Search for an item you want to bid on.

* You dete

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

mine how much you are willing to pay for it, in this example $30.00.

* The current minimum bid on the item is $18.00.

*

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

Following aspects would a

Enter your maximum bid of $30.00.

* If there are no other bids on the item, eBay's proxy server will bid for the item a

dd to the challenges in developing combination products:

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

t the minimum of $18.00.

* If someone bids $22.00 for the item, eBay's proxy server will automatically increase your bid

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

to $23.00, which is what it is currently bidding for plus the minimum increment.

* EBay then emails the other bidder to

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

inform them that they have been outbid.

* If there is another bidder with a higher maximum, you will obviously be outbid

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

. But if no other bidder has a higher maximum, you win the auction, and the item is yours and this saves you the time and

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

Professional from academic institutions, pharmaceutical industries, health care indust

effort of having to sit around to bid again anytime you are outbid.

And because the proxy bidding system bids using you

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

pre - determined maximum amount, there is no tendency for you to overbid, which significantly saves you some money. Of c

.

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

ourse you will not always win if someone bids a higher maximum value, but then it will not make you over spend, and becau

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

Companies that provide selfless information through particip

se it's eBay you can always come back again and bid on a similar item from a different seller.

Copyright © David E Nette

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 - How To Play The Bidding Game On EBay

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