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Useful Advices - Do You See Opportunity When Your Competition Goes Under
Companies go out of business all the time; it’s just part of everyday business life. There are probably as many reasons for companies that
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
go out of business as there are companies, but for starters some of these reasons include the following:
A business owner jumped into an in
A business owner jumped into an in
; 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
ustry that they knew very little about.
A business owner expanded too quickly and could not meet payments to their creditors.
A business o
A business owner expanded too quickly and could not meet payments to their creditors.
A business o
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ner lacks the work ethic that is needed to sustain the growth of their business.
While it's an unfortunate situation when a company goes un
While it's an unfortunate situation when a company goes un
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
er, the opportunity for you to capitalize on your competitor's misfortunes could prove to be a steady source of additional income. The two
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ost practical and low-cost ways that you can capitalize on your competitor's misfortunes are through their telephone number and their compan
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
website.
Often when a company goes out of business their phone number is disconnected and another business (usually one that is in a non-c
Often when a company goes out of business their phone number is disconnected and another business (usually one that is in a non-c
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
ompeting industry) inherits their number. Most major phone companies reuse telephone numbers and that is why a company may inherit a teleph
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ne in such a manner. Since this happens so frequently, why not look into transferring the company's old number to your existing business li
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
e? This may sound a bit uncomfortable to a select few, but what do you have to loose? Another business will ultimately get their number, w
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
y can't this be your business?
The second most practical and low-cost way to capitalize on your competitor’s misfortunes is through their s
The second most practical and low-cost way to capitalize on your competitor’s misfortunes is through their s
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
on to be expired or already expired company website. Once a domain name becomes expired another individual or company may register that dom
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
in and transfer this domain to their existing website. The person or company that “takes over” this website will now reap the benefits of th
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
original owner and they will do so in the form of incoming web traffic. What exactly do I mean? This newly registered domain is still lis
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
ted in a variety of major search engines and as a result, anyone who clicks on this domain name (or types it into the address bar) will now
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
e transferred to the new owner's website.
The process of acquiring expired domains, transferring them to your existing website and then com
The process of acquiring expired domains, transferring them to your existing website and then com
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
limenting these efforts with transferring an old business telephone number to your existing business will help you to create even more busin
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ss opportunities! As a final thought to support the summation of these ideas and their ability to create business opportunities, I’d like t
.
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
leave you with a famous motivational quote. Alexander Graham Bell once said, "When one door closes another opens; but we often look so reg
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
etfully upon the closed door that we do not see the one that is opened for us."
Copyright 2006 MR. COLD CALL SEMINARS - All rights reserved
Copyright 2006 MR. COLD CALL SEMINARS - All rights reserved
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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