Advice You - Business

Imagine my doctor sending out an e mail to all his patients, offering them a discount on hip replacements for November. Or t

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

he Network Marketing lady who walked into my seminar in a hotel in Abbotsford and announced that, after looking at the palm

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

Examples of combination products may in

of my hand, I was deadly ill and needed her supplements. She added that this would also make me financially secure, implying

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

that I was not financially secure. She had never met me and was not even a part of my seminar audience!

This is not all th

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

at uncommon – attend most “Business Networking Events” and you will find a bunch of self-employed salespeople thrusting thei

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

Combination pro

r business cards at each other and proudly broadcasting their “Elevator pitches” to all and sundry, whether they want to hea

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

r it or not. They might as well go from door to door selling brushes to people who don’t need them or want them.

Joint Vent

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

ure experts have an entirely different approach; they are like my doctor. He sits quietly and asks questions and listens to

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

me. He examines me. He does not tell me about how smart he is or how many babies he delivered last week. He does not regale

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

me with the benefits of dealing with his practice. He LISTENS. He finds out where it hurts and reads my file. And then, like

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

the good South African doctor he is, he prescribes the solution to my specific problem. He doesn’t have to sell me or convin

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

Following aspects would a

ce me or persuade me. And I gratefully take his advice.

Joint Venture experts build bridges, create solutions and solve pro

dd to the challenges in developing combination products:

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

blems. And they get well paid for it. They don’t work for nothing. They are Capitalists and they understand business. They k

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

now that we get paid in direct proportion to the value we create. They don’t sell time, either – they simply link us up with

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

the solution we seek and need. If the MLM lady above had taken the time to ask me many questions and show a genuine interes

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

t in me, she might have found that I was in search of a solution for some physical qualm, in which case I might have asked h

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

Professional from academic institutions, pharmaceutical industries, health care indust

er to sell me the solution in the form of her product. But her desperation, arrogance and ignorance denied her any chance of

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

ever doing business with me. Fortunately, not all Network Marketing people are like her!

Let us understand the power behin

.

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

d Joint Ventures by taking the time to become sincerely interested in the other person and forget about what we want. Zig Zi

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

Companies that provide selfless information through particip

glar said, “You can get anything you want out of life, IF you’re prepared to help enough other people to get what they want.

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/672/adviceyou-The-Joint-Venture-Analogy.html">The Joint Venture Analogy</a>

BB link (for phorums):
[url=http://www.adviceyou.org.ua/article/672/adviceyou-The-Joint-Venture-Analogy.html]The Joint Venture Analogy[/url]

Imagine that for the past year you have been negotiating a huge deal with an overseas firm. On the day the deal will be finalized, your company's big brass troops to the conference room. You are tickled pink that the deal will be completed using the teleconferencing service provider you just chose for the company. What's more, you saved a few bucks by picking a brand new start-up company!

There are approximately 35 million Americans that were born in foreign countries. When we compare this with the approximate 285 million Americans across the country we find that approximately 10% of all people living in this country are immigrants. That means foreign languages are a major part of our lives.

Mothers have the same opportunity with fathers. All they have to do is to form a group focusing on the system of cooperation. Together they could come up with a better idea with a better idea on how to become productive not only as an employee of the industry, but productive and supportive mother to her family and the community as a whole.

Tags

Links

Advice You - The Joint Venture Analogy

Related Articles: