Useful Advices - Business

How can you spot a Venture Capital Consultant con-artist; that is to say someone w

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

ho will help you and your concept get the money you need who is not an outright sc

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

Examples of combination products may in

am-artist? Well there are many ways actually and you must be careful first of all

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

to see that this guy who promises you that he will get you funded and be a go-betw

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

een for you and your Venture Capital connection has actually done it before.

Ask

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

Combination pro

for references and make sure he understands your concept and the industry, if not

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

then he will not be able to answer the questions of the Venture Capitalists or cat

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

ch their ear. If the venture capitalist consultant is familiar with your industry

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

then they should take all the industry trade journals and know your industry extre

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

mely well. Otherwise the Venture Capitalists will quickly show him the door. Would

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

’t you?

Yes and too that point maybe you should show him the door too before you

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

Following aspects would a

pay someone $50,000 on a wing and a prayer to help you find that 5-10 million or m

dd to the challenges in developing combination products:

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

ore you need to start your company. Recently, I talked to someone who was doing a

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

little haphazard promoting to see if he could find some funding for an interesting

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

logistics concept. Turns out the guy had no clue whatsoever about the industry or

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

the technology.

I immediately felt sorry for whichever company or individual pai

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

Professional from academic institutions, pharmaceutical industries, health care indust

d him to help them get the venture capital financing. Just do not make me feel sor

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

ry for you too. I certainly hope this article is of interest and that is has prope

.

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

lled thought. The goal is simple; to help you in your quest to be the best in 2007

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

Companies that provide selfless information through particip

. I thank you for reading my many articles on diverse subjects, which interest 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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There are many powerful subliminal messages in advertising. We are only going to deal with one of those messages which I think is probably the most powerful one. And that message or emotion is greed. No one likes to admit this particular emotion but it courses through each and every one of us.

Casual Fridays have created a certain crisis in the work force; how do you dress casual and still come off as a professional? This crisis is even more evident at the office party, where anything goes, and you have minimal time to change. What limits need to be enforced is up to debate, but a few basic concerns need to be addressed.

The effective and successful small business owner works to a well thought through small business plan. This plan outlines and documents the key business objectives, benchmarks and the performance measures that must be met. There are seven critical components to a well executed small business plan.

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Useful Advices - Venture Raising Capital Consultants and Con Artists

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