Useful Advices - Business

One way to raise money for your concept or invention is to scour the trade journals for

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

folks in the industry such as consultants, who have boatloads of contacts and may have

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

Examples of combination products may in

a perfect corporate partner who needs what you have. Trade Journals have all sorts of

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

interesting tidbits, often in stories you see quotes from Investment Bankers on somethi

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

g they have funded. Call them. Check the online Ezines in your industry too.

Often the

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

Combination pro

re are classified ads in the back of Trade Journals with others looking for monies, som

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

etimes you can contact them and share leads, as maybe a dead end lead for you is just w

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

at they want or vise versa. With a stack of Trade Journals and a sharp mind you can thi

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

nk of all sorts of obvious connections to make and each contact can lead you to someone

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

else.

Just be careful not to give away too much of your secret up front. Have non-dis

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

losure agreements ready and use them. Need Ventura Capital for Your Concept; Scour Trad

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

Following aspects would a

e Journals. Need Corporate Partners same thing. Looking for a loan; there are specialis

dd to the challenges in developing combination products:

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

ts in every industry. Read the Trade Journals and do it with a “private eye” mentality

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

and think about how each contact might help you and how your association might help the

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

. It works.

Recently I met a gentleman out hunting for capital and he dismissed this i

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

dea completely. Since I know a thing or two about the subject rather than arguing with

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

Professional from academic institutions, pharmaceutical industries, health care indust

a know-it-all, I was prompted to give you this information for your quest to be the bes

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

and get the funding you need. I certainly hope this article is of interest and that is

.

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

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

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

Companies that provide selfless information through particip

2007. 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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How my friend Joe built a half million dollar peryear Internet Travel Service in 2 1/2 years, starting from home with a $500 investment.

You awake in the middle of the night with a business idea that will change the world. The only problem, of course, is you need money to get the business moving. What do you do?

This article describes some strategies to face one of the biggest problems most would-be entrepreneurs face - fear. Here are some practical helps to overcome.

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Useful Advices - Need Ventura Capital for Your Concept; Scour Trade Journals

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