Useful Advices - Business

Here we are and it is that time of year again when professors from top

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

Universities and Colleges across the country are assigning projects t

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

Examples of combination products may in

o their Business Students. We get hundreds of calls each year from st

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

udents just who are doing projects on franchising. They ask us all sor

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

ts of questions, order brochures and ask for various documents, but th

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

Combination pro

ey have no intention on buying anything, nor can they afford it. Inste

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

ad they want information for class projects they are doing. It takes

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

p time to correspond with these posers at our company.

Why do college

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

s assign students projects to study the franchise industry?

Well you

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

see Franchising accounts for a large percentage of our countries GNP (

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

gross national product). And a huge chunk of the consumers spend able

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

Following aspects would a

income. Many students who contact us pretend to be franchise buyers.

dd to the challenges in developing combination products:

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

At first we believed this to be burdensome and later realized, hey we

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

were once in school too, and it really was not that long ago. I am no

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

all that old myself and still feel young as if in college. I had to

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

quit school in order to run my company back in those days. I would ad

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

Professional from academic institutions, pharmaceutical industries, health care indust

vise students that it is okay for you to tell us the truth; we will no

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

t hang up on you. But lying is about who you are and what you want set

.

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

s a very bad ethical precedence and we as a nation are working towards

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

Companies that provide selfless information through particip

stopping corporate corruption, not creating it. Think on this in 2006

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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Useful Advices - College Students Posing as Customers to Do School Projects

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