Useful Advices - Business

As a newbee to eBay I sold a LOT of things. I looked around our farm and I found a TON of stuff that I was

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

interested in getting rid of. Old metals, seeds, wood, cattle, dogs, wife...(well, truth is she got rid o

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

Examples of combination products may in

me first, but that's another story..)

But you know, after awhile I got tired of the hassle of packaging

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

nd posting everything. Then one day I was looking at a piece of metal called brass shim stock and a bell w

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

ent off inside my head! You see, brass shim stock is mostly used in machine shops to adjust tooling, but I

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

Combination pro

remembered my grandmother using it to make decorations. And I was off to the races!

I found a supplier on

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

the internet and got a very good deal.. Then I placed an auction on eBay and crossed my fingers and SURE E

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

NOUGH, it started selling like hotcakes. I was contacting my supplier several times a day, giving instruct

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

ons on where to send the stuff. I was VERY excited! And then something unexpected happened...

I got an em

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

il from an irate customer! He complained that what I had sent him was NOT as my auction described. (dang i

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

!) It seems that when I posted the auction I described the dimensions as "100' by 6'" ...I had misplaced a

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

Following aspects would a

semi-colon with a colon. The long and short of it was that what I had sent him was about 93 feet short of

dd to the challenges in developing combination products:

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

what I had advertised!

The next day, I had about 50 new pieces of mail in my inbox. Questions ? Comme

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

ts ? Frustration ? Anger? It would be difficult to categorize them. Once I had explained the situati

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

on, most of my customers where amazingly tolerant and understanding. One of them jokingly razed me for try

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

ng to get into his pockets. He also teased me about my user name (richer-u) , and said I should change it

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

Professional from academic institutions, pharmaceutical industries, health care indust

o "richer-me". I explained to him that by the time I reimbursed him ..AND paid for the brass, there would

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

not be much point!

Well, to make a long story short; I killed the ad, made good my commitments etc etc. I

.

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

was a funny thing though, I put the ad back up on eBay with the proper dimensions and never got a single

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

Companies that provide selfless information through particip

id. Who knew that just a couple of DOTS could make all that much difference? What a difference a DOT makes

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.usefuladvices.org.ua/article/1105/usefuladvices-My-Most-Embarrassing-Auction--What-A-Difference-A-Dot-Makes.html">My Most Embarrassing Auction - What A Difference A Dot Makes!</a>

BB link (for phorums):
[url=http://www.usefuladvices.org.ua/article/1105/usefuladvices-My-Most-Embarrassing-Auction--What-A-Difference-A-Dot-Makes.html]My Most Embarrassing Auction - What A Difference A Dot Makes![/url]

If you are just starting out in construction, the process of bidding may be a little confusing. When you are drawing up an estimate, you are basically calculating the total expense of the project you want to bid on. The first step in creating an accurate estimate is to figure in all of the materials that you will need to complete the job. Contractors depend largely on their reputations. If you use quality materials and give accurate estimates, you will gain a reputation of the highest caliber.

You know that your business is basically sound and that it has the potential to be a success in the long run.

The market for private businesses has shown some distinctly hot and cold spots over recent months. At the larger end, businesses with a turnover in excess of $20 million, interest from private equity firms is pushing prices higher. However in the middle market, businesses with a turnover of $5 million to $15 million, prices have eased as buyer sentiment has softened.

Tags

Links

Useful Advices - My Most Embarrassing Auction - What A Difference A Dot Makes!

Related Articles: