Useful Advices - Business

Originally the conference call was limited to businesses paying exorbitant fees to the telcos. For business, it still made sense economically because the costs were less than the travel costs involved in bringing

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

the people together. Additionally, significant time savings are involved, both in terms of travel time and in being able to communicate fairly rapidly to an extended group.

Telcos then extended their market by p

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

Examples of combination products may in

roviding conference calling services to home consumers for an added fee. For some, it made sense to be able to bring a family or group with common interests together easily, usually to plan some physical event.

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

With the expansion of the internet, and in particular, the increasing availability and decreasing pricing for high speed internet access, conference calling has expanded far beyond its original uses.

For business

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

, it remains a vital tool and has, actually, become far more useful as prices fall and the ease of use increases. Real time audio/video conferencing is already in use (and in some organizations has been for quite

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

Combination pro

some time). As the cost of bandwidth decreases and the technology underlying audio-video transmission over networks improves, true real-time video conferencing will increase dramatically.

With the growing sophis

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

tication of the typical surfer and the expansion of internet marketing, audio and video have become hot items. Within the internet marketing community, conference calls - usually known as teleseminars, have becom

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 a standard feature. Offering the opportunity to reach a large group of interested prospects in a relatively simple and inexpensive format, teleseminars also offer the marketer an opportunity to create an insta

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

nt product. A recording of a teleseminar can either be sold as a stand-alone product or used as a marketing tool for back-end products.

Marketers are using both free and paid teleseminars. Generally there is a h

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

igher level of injected sales content in free teleseminars, but it does vary a great deal.

Solutions available now range from the rather expensive to essentially free. Your choice is going to depend on exactly w

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

at level of service you require. There are a number of providers which offer an introductory pricing scheme (I've seen it as low as a $1 for the first month), which gives you the opportunity to see firsthand how t

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

Following aspects would a

heir service works at a very modest cost. You do need to make sure you understand just how your users will access the conference. Solutions which use telephone call-ins are generally more restrictive and/or expe

dd to the challenges in developing combination products:

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

nsive than those utilizing an internet connection or VoIP softphone connections.

True real-time audio/video conferencing hasn't arrived yet for most. The bandwidth requirements remain excessive and the quality o

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

f the video, in particular, is fairly low. If you ever done live chat with audio and a web camera, you've seen the limitations.

Most online presentations which involve both audio and video generally use static i

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

mages which change either rarely or slowly, such as charts, website images, topic outlines and so on. This can be extremely useful for teleseminars, of course, because it makes it easier to demonstrate certain poi

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

ts and provides a visual as well as an audio focus for participants.

The combination of audio and visual elements is particularly useful in training situations where one can reinforce the other. Plus, you have t

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

Professional from academic institutions, pharmaceutical industries, health care indust

he advantage of reaching those who learn better through visual means, as well as those partial to audio.

For those of you doing eCommerce the evolved conference call can be an incredible tool. Consider how much

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

impact regular teleseminars about your area of expertise could have on future sales. You can provide buyers with instructional teleseminars. You can introduce new products. And in each instance you'll be generatin

.

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

g recordings which you can either sell or make available on your sites, or use as added viral marketing tools.

With the increasing sophistication and usability of the tools for conference calling, the possibiliti

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

Companies that provide selfless information through particip

es are virtually unlimited and well within the reach of every entrepreneur. You'll be hard pressed to find another tool that offers you the impact and potential of the conference call.

Copyright 2005 Richard Kei

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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Recently a survey was done with Americans to ask them if they believed in global warming and the question was quite simple which do you believe; Global Warming or Global Warming? Surprisingly enough 90% of the people said global warming. A few people didn't understand the question because it did not sound like a choice and therefore they did not answer.

In Most organizations, travel and entertainment (T&E) expenses are often overlooked as insignificant or inevitable. Because of that, they do not immediately come to mind in the context of traditional supply chains.

If your company’s not hitting its revenue targets and underselling its competition, it’s really easy for senior managers and executives to blame the economy. The fact is though, that the economy is very robust right now, and despite high energy prices, it’s pretty clear that the economy is going to stay on a strong track. So unless your market is in a slump, the chances are that your company needs to take a hard look at sales from the perspective of its strategy, process, and people.

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