Advice You - Business

The first rule of thumb to remember when designing and producing a custom coin is that it is imperative that the customer and ma

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

nufacturing work closely as a team throughout the entire process. This will assure the best possible product. A coin that the

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

Examples of combination products may in

customer will be as proud to present as their staff is to receive.

There are basically eight steps to creating a custom

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

coin. They are:

Customer/Manufacturers Communications

Art Preparation

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

Select Size/quantity of coins to be ordered

Select shape of coin

Select Finish

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

Combination pro

i>Select Colors

Select any options

Select any packaging

Step 1: Customer/

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

Manufacturer Communications

The first step in the production of a custom unit coin is the communication between the cu

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

tomer and manufacturer. For the most part, in today’s world communication is basically email with the telephone becoming a dist

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

ant second. Of importance is that the customer and manufacturer both have an open dialog that includes suggestions as well as l

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

istening.

Step II: Art Preparation

Once you have established communications the next step is the preparation

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

of artwork. If you have selected a reputable manufacturer to produce your coin you should be able to give them a rough sketch

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

Following aspects would a

to work from and they should provide you with finished art. It should not matter how many changes or corrections are made to yo

dd to the challenges in developing combination products:

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

ur artwork. What should matter is that you, the customer, are excited and proud of the finished art before it is released for p

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

roduction.

III: Size/Quantity

All unit coins should be at least 3MM thick. The most common size for a unit

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

oin is 1.5”, followed by 2.0” and 1.75”. The cost per coin will increase with size but decrease by total quantity ordered.

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

rong>IV: Shape

Most unit coins are round in shape but that does not have to be. The shape of your coin is limited on

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

Professional from academic institutions, pharmaceutical industries, health care indust

ly by your imagination. They can be oval, rectangular, square, gear shaped, rank or emblem shaped, etc, etc.

V: Finis

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

h

Do you want the metal in your coin to be shinny or matted, or perhaps a combination of both. Will it be gold, silve

.

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

r, brass, nickel or a combination?

VI: Colors

Today most coins have color added. You can add color to one o

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

Companies that provide selfless information through particip

r both sides of a coin and the number of colors is generally determined by the graphics to be portrayed and the size of the coin

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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Thank individuals for their contribution to the company. If your group is small, mention each person individually. In larger firms, thank teams or departments who succeeded in special initiatives or projects. Thank your partners and alliances, especially if they are sponsoring your company celebration.

The number of people today posting used car classifieds ads shows an upward spiral. Looking at the used car classifieds they write and guessing the amounts they spend to advertise their product (used car), one will naturally wonder how these people sell their car for a decent price. By closely following the ads, one can find more than 80% of the classified ads make one or more of the seven mistakes listed below.

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