Advice You - Business

When you ask the right Joint Venture questions, you open the vault to riches. People like to talk about them

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

selves, their goals and their problems. When we help them make their dreams come true and offer solutions fo

; 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 their problems, we all win and everyone makes money. Savvy Joint Venture Brokers know that it’s all about

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

the right approach. Here are five powerful approaches that you can use, today, to make real money, real fast

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

.

1. What do I have to create, bring to you or offer you in order for you to write me a check for $2,000 pe

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

Combination pro

month / $10,000?

2. What do you want, more than anything else, in your life and your business, and why?

3

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

. If I was to bring you business and customers that you don’t have and would not have had, what percentage o

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

f the gross sales would you offer me?

4. If I could show you how to make money from your existing resources

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

, with no cost or risk to yourself and without any time spent, would you share the resulting profits with me

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

?

5. If I could double the amount of people in your restaurant, given that you have a 32% food cost and all

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

your overheads and fixed costs are already covered, would you pay me 20% of every bill I generated?

If you

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

Following aspects would a

help other people to get what they want, you will get what you want. And by asking the right, open-ended que

dd to the challenges in developing combination products:

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

stions and being honestly interested in the other person, you find out what they want. And when someone resp

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

onds negatively or offers a meagre commission, simply walk away – the world is your oyster and there are unl

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

imited Joint Venture opportunities out there.

The 6 ideal parameters of a good Joint Venture are “No money,

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

no risk, very little time, lots of leverage, big potential.” Ask the right questions, do your due diligence

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

Professional from academic institutions, pharmaceutical industries, health care indust

and always be ready to say, “No.” Personally, I only work with Members of the DollarMakers Joint Venture For

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

um.

Our Joint Venture Broker Bootcamp Graduates are trained to find and exploit lucrative Joint Venture opp

.

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

ortunities. Through our powerful DollarMakers Joint Venture Forum, they have access to hundreds of other Mem

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

Companies that provide selfless information through particip

bers worldwide, as well as meetings, a Convention, Tele Conferences, support and Joint Venture opportunities

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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