Useful Advices - Business

Management is relationships; sales is relationships; service is relationships; off

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

ice politics is relationships. Salaries and bonuses; vacations and office assignm

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

Examples of combination products may in

ents; training and education --- all relationships.

Shopping is business; handlin

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

g the checkbook and credit cards are business; life insurance is business; health

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

s business; who’s doing what and when is business. We say, “let’s get down to busi

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

Combination pro

ness.’ That’s relationship.

I have not seen the separation. Is “the separation

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

of Church and State” about relationship or about business? They are peculiar syno

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

nyms Here's some more -- It's clear you have to master both to master either.

Wh

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

t’s marketing? Hey – if you want to ‘win’ the heart of another, try marketing. M

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

arketing wants to create relationships that persist. Buying flowers for your wife

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

is marketing.

There is no more important business than relationships and busines

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

Following aspects would a

s is crucial to successful relationships.

The most common goal for people in busi

dd to the challenges in developing combination products:

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

ess is to spend more quality time with their wives, husbands, children, families.

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

The secret relationship goal of many is to earn enough money and time so that the

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

stress doesn’t interfere with their relationships.

When people want to handle ti

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

me management they want to handle relationships. When people want to upgrade thei

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

Professional from academic institutions, pharmaceutical industries, health care indust

reviews, they want to handle relationships.

Communication skills? That’s busine

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

ss no, no… that’s relationships.

The skills you’ve learned in one apply to the ot

.

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

her. People tell us to separate them…No…Merge them. My life works when I t

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

Companies that provide selfless information through particip

hink of it as my business and I use 'me' in my plans, my organizing, my strategies

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 - Business and Relationships

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