Useful Advices - Business

The biggest networking mistake We all know it . We all want to do it...later. Networking is THE way for professional su

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

ccess. More than great monthly reports, exceptional achievements, annual bonus, special distinction, awards etc. These th

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

Examples of combination products may in

ngs CONTRIBUTE to your network. But the active network beats all of the above. I am part of a pharmaceutical network who

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

e motto is BEG, STEAL OR BORROW! I love this ! Yes we are part of this network to share. Although the emphasis SEEMS to

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

e on the taking part of the deal, the other part is just as important, the giving!

Most people will join a network to ge

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

Combination pro

help. Help in finding solutions to a problem ( the communities of practice are great for that ), help in finding kindred

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

spirits, help in finding someone who knows someone who might help and help in finding a new job. Ouch! That last one hur

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

s. Going to a network with a very clear intention to GET something out of it quickly is bad. So bad in fact that it migh

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

even emanate from you. Really ! You can just smell these people. Sure, any personal or professional network has a few of

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

them. Just make sure YOU are not of of those.

The job hunter who joins a network to get a job WHEN he needs it does no

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

understand the network dynamic. The key word here is SLOW. Slow as in slowly growing the way tree grows : with deep roo

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

Following aspects would a

ts. This cannot be rushed. Networking is really like growing a tree. You first need to sow, carefully selecting the soil

dd to the challenges in developing combination products:

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

nd the seed. That is , do not join any network just to BE in a network. Choose the right network. Then, be yourself. What

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

you project is important but if this image is false it will backfire on you. Be honest, be open, be yourself. Once the

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

seed in the right soil, pamper it ! Water it ! Fertilize it ! This takes time AND effort. It is good for YOU and your EMP

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

OYER ! The benefits far outweigh the amount of time off work...eventually. Remember the chinese bamboo. The young shoot s

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

Professional from academic institutions, pharmaceutical industries, health care indust

ays invisible 5 years! It must be taken care of all that time. On the fifth year it sprout off 80 feet in the air! So is

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

network.

The conclusions :
1- A network for the fun a meeting new people... and make true friends.
2- A netwo

.

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

k to share stories, tips and tricks.
3- A network to learn.
4- A network to find help, unexpectedly, surprising

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

Companies that provide selfless information through particip

y.
5- A network to find a job ...when someone will offer you one! No one is as smart as all of us Ken Blanchar

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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Don't let time or creativity slow you down from creating your very own eBook. There are plenty of ways to do this easily.

Companies that advertise are assigned representatives from various media to handle their account. If you understand their relationship with your business, you’ll know what to expect.

Whenever you hear the words customer service, you think of a person who knows exactly what a customer wants and needs – and knows them even before the customer does. A customer service person has people skills: he or she is patient, but never condescending; and will do everything he or she can do to help a person, but will never be desperate.

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