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Useful Advices - When to Purchase an Audience Response System
Whether renting or buying, investing in audience response technology can get a little pricey, especially if you're planning on outfitting a large group o
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
f people. For a one-off event, renting will most likely be the most cost-effective solution, but there are many situations where you might consider purch
; 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
sing a system. Here are some circumstances to consider:
Frequency of Events - How often will you use the system? Once a year? Once a mo
Frequency of Events - How often will you use the system? Once a year? Once a mo
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
th? The more interactive meetings you expect, the more attractive purchasing your own audience response system becomes.
Size of Audience
Size of Audience
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
- Are you using 20 wireless keypads for executive decision making or a small classroom? Or are you hosting a delegate voting session with 1,000 stake ho
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ders? Larger audiences not only require more hardware, but often also require more expensive hardware that can handle the data transfer.
Staffin
Staffin
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
and Maintenance - Most audience response vendors offer a maintenance plan to cover equipment performance and software upgrades. But if you own
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
he hardware, someone in your organization has to keep track of it, store it and make sure it's running properly when the time comes to use it again.
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ong>Type of Hardware - Are your wireless keypads and base station radio frequency (RF) or infrared (IR)? IR keypads are great for small groups.
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
t under $2,000 for a 20-keypad system, infrared audience response systems are an extremely affordable choice. Larger audiences, however, will require mor
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
expensive radio frequency keypads to deliver reliable data.
To summarize, here are some general guidelines to consider when deciding to rent or buy you
To summarize, here are some general guidelines to consider when deciding to rent or buy you
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
system:
When to Rent
When to Rent
- Low frequency of events
- Large audience
- No resources available for storing and maintainin
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
the hardwareExpensive hardware
When to Buy
- High frequency of events
- Small number of participants<
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
li>Staff available to handle the hardware Lower-priced hardware will meet your organizational needs
Hybrid Solution for 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
dience Response System Ownership
A simple answer of "rent" or "buy" may not always be the right solution. Sometimes it will make sense to do bo
A simple answer of "rent" or "buy" may not always be the right solution. Sometimes it will make sense to do bo
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
h. If your organization can use the audience response technology in multiple circumstances, than a hybrid plan may work best.
Fortunately, many ARS vend
Fortunately, many ARS vend
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
rs' software will allow different hardware platforms to work together. So let's say you purchase 50 IR wireless keypads to use for small-group training a
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
d executive decision making. Once a year, you hold a company-wide event with 200 participants. You could use your 50 existing IR keypads and just rent 15
.
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
more (IR or RF) for the annual event.
Whatever your circumstances, make sure you evaluate your organizational goals and capacities before deciding to r
Whatever your circumstances, make sure you evaluate your organizational goals and capacities before deciding to r
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
nt or buy. Adding interactive audience response participation to your events is a sound decision, but make sure the financial decisions are just as sound
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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