Advice You - Internet and Businesses Online

Despite its now rampant popularity across the internet you still may not at this point have heard of the term “Social Networking” in relation to the inte

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

rnet. Social Networking refers to the development and then utilization of an online community website for the purposes of meeting other people. This type

; 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 website began with friendship type networks like the now billion dollar “Myspace” but it was only a matter of time before it was adapted to a group o

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

f people who could benefit from this phenomenon perhaps more than any other: Business people. This article will explore the benefits of what is called BU

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

SINESS TO BUSINESS Social Networking.

WEB 2.0 BUSINESS TO BUSINESS

Social Networking sites operate by a business registering an account with the home w

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

Combination pro

ebsite that is usually free then gaining the ability to create a profile about their business that is publicly viewable over the internet. They then beco

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

me part of a community of other business owners who have also created profiles, and can meet and interact with these people in various ways such as email

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

, instant messaging, chat, forums and more. The idea of BUSINESS TO BUSINESS Social Networking is for the business owner to meet as many other likeminded

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

individuals as possible in order to leverage knowledge and information as well as in some cases ideas or even customers in a community environment.

The

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

benefits of BUSINESS TO BUSINESS

Social Networking for business owners are many. The first benefit is the ability to gain free advertising for their bu

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

siness and mission on the internet. Most small businesses pay large amounts of money to get the right people to see their advertisements and while BUSINE

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

Following aspects would a

SS TO BUSINESS Social Networking won’t replace this it does provide another viable option by which to generate leads and increase exposure to their busin

dd to the challenges in developing combination products:

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

ess. Of course this is particularly relevant for those businesses who offer products or services to other business (ie. BUSINESS TO BUSINESS products) an

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

d for them it creates a virtual marketplace and as such a wealth of opportunity.

The main benefit of BUSINESS TO BUSINESS

Social Networking however is

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

the people factor. Some people still believe that “It’s not what you know it’s who you know” and so the ability to meet large numbers of business people

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

particularly that share the same geographical location can be highly valuable. It can give business owners the ability to share skills, connect each othe

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

Professional from academic institutions, pharmaceutical industries, health care indust

r to better ways of operating and introduce one another to people or methods that can help increase profits. For example you might run a shop and be able

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

to find out through networking with other shop owners in your area what is the cheapest place to buy certain stock.

As you can see, if you own any kind

.

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

of business there are definite advantages to participating in the new craze of BUSINESS TO BUSINESS Social Networking. In business any small advantage y

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

Companies that provide selfless information through particip

ou can get is important, and BUSINESS TO BUSINESS Social Networking is one that for many businesses is providing an advantage that is anything but small.

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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BB link (for phorums):
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