Advice You - Internet and Businesses Online

Joint Ventures

If you have a good product, and you know of somebody

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

who has a large mailing list, you could offer them an affiliate agree

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

Examples of combination products may in

ment on your product if they endorse it and offer it to their list. M

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

any people with lists of hundreds of thousands, or even millions, of

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

mail addresses are highly protective of their lists, and do not allow

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

Combination pro

it to be used by others unless the product is good.

It would be a g

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

ood idea to offer it free to the list owner, and ask them to review i

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

t. If it is acceptable to them you could offer them 50% of all sales

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

made to their list. If your product is a good one, and there is no r

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

eason to refuse, you could be accepted as a partner in the joint vent

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

ure. However, your product must be good and your handling of complai

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

Following aspects would a

nts must be acceptable to the other party, or they may not think it w

dd to the challenges in developing combination products:

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

rth taking the chance.

It takes a long time to build a large list, a

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

nd it can take no time to lose it if they are offered a bum deal with

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

poor servicing of the product they purchase, so expect a bit of relu

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

ctance at first until you can provide evidence that you are able, not

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

Professional from academic institutions, pharmaceutical industries, health care indust

only to provide a good product, but also a reliable one with good aft

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

er-sales service.

One of the most important things to remember is to

.

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

treat every jv partner with respect, and respect their lists - they

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

Companies that provide selfless information through particip

have worked hard to build their list and must be treated with respect

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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