Useful Advices - Business

To keep track of your clients and payments owed I suggest you use a simple computer program. I use QuickBooks to handle all of my invoices and b

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

alances due, overdue, and paid. It even has a feature that allows me to send an email invoice directly to my client’s email address.

There ar

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

Examples of combination products may in

many other options available to you if you decide against a software program. If you have a really tight budget and don’t want to spend money 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.

a computer program you can simply use paper and manila folders or a program like Excel. But just make sure you use a program. You want to be

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

able to keep track of who owes you and when it.s due.

I’ve included a sample service invoice in the Sample Documents section you can use to m

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

Combination pro

il or fax to a client.

Also, I advise that you develop some sort of system to keep track of your projects. I recommend you use a folder/file ba

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

ed method. You can use simple, labeled manila folders filed in a filing cabinet or in a cardboard box or anything else that allows you to keep

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

your work organized when handling multiple projects. This is a great way to prevent any deadlines from being missed.

Contract or No Contract?

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

Some copywriters insist on using a contract. I use mine for any project that totals more than $1,000. I have several stipulations in my contract

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

that guarantee certain outcomes:

1. I require any fee over $500 to be paid in parts. Before I begin a project I will charge ? of the fee amount

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

up front. This guarantees that I have money to work with while I’m creating a project. Any projects over $1000 and any project that may take a

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

Following aspects would a

long time (say a month or several months) I will ask for the payment in thirds. 1/3rd up front, 1/3rd when I submit the first draft, and 1/3rd

dd to the challenges in developing combination products:

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

hen the client accepts the final draft. Most companies and agencies will oblige and provide you the money this way. If you encounter someone w

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

o is unwilling to make payments up front or in sections then you have to evaluate the situation. Is it a big company with a large bankroll? If

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

this is the case then you should have no problem getting paid the full amount when the project is complete. If it’s a small business with a s

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

all budget then you have to decide if you want to proceed with the project minus an upfront payment. I’ve done a few projects for small busine

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

Professional from academic institutions, pharmaceutical industries, health care indust

ses without an upfront fee and have received the total payment with no problems. So, the choice is up to you.

2. I require any work that I do t

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

o be available to me to use as a sample in my portfolio. This is usually not a problem. Most companies and agencies will gladly send you a sam

.

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

le of the finished project.

3. The copyrights (the actual rights to the copy) are not available to the client until payment is made in full. Th

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

Companies that provide selfless information through particip

s way if they use the copy without paying me I have a right to take legal action. This can also quicken the time it takes a company to pay you

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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Recent recurring themes, like cutbacks and downsizing, are in the news every day when it comes to businesseses of all sizes. Due to those problems there are now less people in the companies left to complete essential company work and that’s typical for every company.

Offering gift certificates is an excellent way of increasing sales by solving your customers’ gift-giving problems. Often people would like to give your products as gifts, but are hesitant to choose...

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Useful Advices - Become A Copywriter - Receiving Payments and Using Contracts

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