Useful Advices - Business

Most people who are in sales do not really like cold calling much and I

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

suppose that makes sense, yet if you are very knowledgeable about the

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

Examples of combination products may in

industry for which you are calling you should not worry much and actual

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

ly come to enjoy talking to like minded business folks. Indeed you may

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

ind they actually enjoy talking with you.

Having been in the franchisi

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

Combination pro

ng business for a decade or more, we always helped set up marketing cam

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

paigns in the new franchisee’s territory and some of the marketing was

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

geared towards cold calling various companies to offer our services.

W

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

were in the cleaning business, mostly transportation stuff; trucks, ca

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

r lots, buses, auto auctions, fleets and cars at corporate office compl

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

exes while people were busy working and their cars sat all day in the p

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

Following aspects would a

arking lots. For me, well I never had a problem cold calling and settin

dd to the challenges in developing combination products:

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

up appointments, as generally our service is so needed and our company

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

so good at it that well, generally everyone needed and desired what we

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

were selling.

In some companies it makes sense that they will be sell

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

ing such products or services, which are not high priorities for those

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

Professional from academic institutions, pharmaceutical industries, health care indust

hey call upon. Well then either they need to better target those compan

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

ies best suited to need their products or services or keep it simple an

.

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

d move on to the next when it is obvious there is no interest there. Yo

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

Companies that provide selfless information through particip

u see in that case it is a numbers game, move on. 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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