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Advice You - Social Networking and How to Use It I
Unless you have been spending a few years up in a space station, or are a time trav 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 eler from far in the distant past, or even the future, who knows, you will have hea ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in rd of social networking. What’s that? Never heard of it? Of course you have. My lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. Space has more visitors than Google, and MySpace is an example of a social networki here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ng site. Yup, that’s what they are called, that and Facebook. YouTube as well, but d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro that’s for videos. In fact there are different flavors of social networking sites 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 according to their specialty. MySpace is currently very popular, and is the inter 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 net equivalent of the local street corner. It’s a place where you can hang out at a nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically nd chat to your mates. Except your mates can be from all over the world and of ever 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 y nationality. You join a social networking site in much the same way as you join ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi a club. One of your mates invites you to come along, or you simple enter the site ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a and join yourself. Once there, you let others know who you are and what you like d dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod oing by creating your profile. Since your friend asked you along, you first connect cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin to their network, then to other networks as you get to find others with the same i tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen nterests as you. You use blogs and message boards, even instant messaging and dire 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 ct internet connections to contact people you want to communicate with and talk to. ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust VoIP telephone systems such as Skype let you speak to them free, and webcams are g y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products reat for video communications. Social networking allows you to meet new friends and . 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 also to make very useful new contacts, and if used correctly could be very advanta elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip geous to you. However, each site has its own rules, and breach them at your peril!! 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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