Useful Advices - Business

In Africa, the paradigm of a united Africa is spreading like a veld fire. People are being made aware of uniting forces that they believe can b

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

enefit us all here in Africa.

The principle of synergy teaches us that 1 and 1 doesn’t necessarily make 2. I heard a story told to me by a far

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

Examples of combination products may in

er that one of his workhorses could haul a wagon with a load of three and a half thousand pounds (one and a half thousand kg), but when he uses

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

two horses the weight doesn’t double - it triples. With two horses he couldn’t only haul double what one horse could do, he could haul triple

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

a wagon with a load of ten thousand pounds (four and a half thousand kg). This is synergy; one labouring with another brings about a result hi

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

Combination pro

her than the sum of the two working separately.

Many circumstances should be in place to accommodate any paradigm shift successfully. One of t

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

he circumstances that would contribute to assisting the paradigm of the African renaissance to succeed is economical sustainability. Economical

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

sustainability is a very scarce idea in Africa. In Africa, we either live for the here or now or we are simply ignorant of the way we should th

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

ink economically.

A paradigm most definitely worth our earnest consideration for successful transition to African renaissance is the paradigm

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

f entrepreneurship. Entrepreneurial thinking frees people to embrace their autonomy and take charge of the future they want to create. Entrepre

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

eurial thinking elicits in us the willingness to embrace responsibility that motivates us to participate in creating economical sustainability.

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

Following aspects would a

One wonders which one came first – poverty or a scarcity mentality? I know for certain a scarcity mentality can lead to (physical) poverty. I

dd to the challenges in developing combination products:

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

also believe poverty created by natural or external circumstances, like drought or dictatorial leadership, can eventually cause a scarcity ment

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

ality in people. In Africa we had our fair share of these external and natural circumstances that inhibited us to live in abundance.

Now if it

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

s true that we have to change our thinking, even our thinking that was formed by external and natural circumstances, how are we going to do it?

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

How can we embrace a paradigm of abundance, like entrepreneurial thinking, to lift us up from the scarcity mentality that has made ingrained ro

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

Professional from academic institutions, pharmaceutical industries, health care indust

ads on the creases of our brains?

A quick answer added to this article will simply not suffice to give a clear picture of what we should do to

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

embrace the entrepreneurial paradigm of abundance. I suggest you frequent this blog over the next couple of weeks in order to follow a line of

.

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

thinking that will empower you to take hold of yourself. A line of thinking that will empower you to embrace the entrepreneurial paradigm of ab

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

Companies that provide selfless information through particip

ndance.

I will show you, thought by thought, how we can get up from the dust, shake it from us and start to live the way we were meant to live

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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Does your pay accurately reward you for your productivity? Probably not, says Dr. Gary S. Goodman, President of Customersatisfaction.com, best-selling author, and sales, service and success coach. According to this popular keynote speaker and radio and TV expert commentator, the traditonal ways in which people are paid are fundamentally flawed and need to be changed.

Business owners have to keep a careful eye on the regulations put forth by the regulatory bodies in the United States. They also have to watch out to not become a target of the regulations, when those agencies are trying to prove self worth. One such agency, which needs a stronger over sight is the Federal Trade Commission in their enforcement on the franchise rule.

The time to think about your next-year’s ad is not while the rep is in your face. You can be sure that your sales rep will be prepared. With the expectation that he or she can persuade you to spend as much or more as before. Don’t make it easy for them or leave it to the last minute.

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Useful Advices - The African Renaissance Needs Entrepreneurial Fuel

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