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Useful Advices - Effortless Networking: Online Networking - What's the Difference?
When I recently presented a business networking workshop for the San Francisco Small Business Administration (SBA), a partici
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
pant asked me about my thoughts on online networking. It's a great question that's rarely asked, so I wanted to share my resp
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
nse in this article.
I think online networking is not very different from offline or in-person networking.
Both are good to
I think online networking is not very different from offline or in-person networking.
Both are good to
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ls or platforms to help you reach your goals. And in both cases, what you get out of it depends on how you use it.
Still, I
Still, I
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
hink there are some distinct advantages to online networking.
- Online networking platforms provide a centralized re
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ository to store your contacts.
Once you "connect" with someone through an online networking platform, their contact informa
Once you "connect" with someone through an online networking platform, their contact informa
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
ion is automatically added to your "network". You don't have to take an extra step to file or scan in their business cards li
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
e you have to do when you collect physical cards.
You can see your contacts' information or profile easily.
This
This
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
s a really useful feature, because it's not possible to remember all the details about a person, even when you know them well
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
Also, as time passes, people's profiles change. So assuming they update their online profile, it's a good way to keep curre
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
t.
You can find specific people and make new contacts more quickly.
This is the ultimate benefit. Having the pro
This is the ultimate benefit. Having the pro
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ile details of people in your network stored in a central location (besides your brain) comes in handy when you're searching
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
or someone or something in particular, because you can easily search for and find specific information or people, using the s
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
arch capabilities of the online networking platform.
For instance, when I was looking for information about a
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
articular company, I searched online for people who were associated with that company in some manner. I was able to find seve
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
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
al people who fit this criteria right away.
And although none of them was in my direct network, many of them knew the same p
And although none of them was in my direct network, many of them knew the same p
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ople I did. So all I had to do was ask for introductions.
As you'll probably notice, these are all "technical" benefits (no
As you'll probably notice, these are all "technical" benefits (no
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
urprise, since we ARE talking about using technology!).
This means that building relationships with the people in your onlin
This means that building relationships with the people in your onlin
.
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
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
network is still your responsibility. Technology can only do so much, after all.
Also, this assumes that you know what you'
Also, this assumes that you know what you'
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
e looking for, and can ask for it clearly -- which is basically the foundation, whether you're networking online or in-person
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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