Useful Advices - Business

Has the Federal Trade Commission run amuck? Indeed it has, it has become a problematic bureaucracy. The Federal Trade Commission lacks free market thinkin

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

g. I always assumed that half of the Federal Trade Commissions staff are attorneys and the other half are economists. I think I am surprised that the eco

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

Examples of combination products may in

nomists have allowed the attorneys to win the internal struggle. Apparently the FTC needs to ditch the symbol of the scales on their logo, because nothin

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

g could be further from the truth, that symbol and what it represents has nothing to do with the current trends at the FTC.

The Federal Trade Commission

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

eeds to have a reading room, reading lists, which include economic theory, franchising history, entrepreneurship, which exceeds the hundreds of thousands

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

Combination pro

of pages of law library books. This would be a worthy investment. Intelligent people make better decisions and less non-linear rule making.

We need to

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

re-educate the liberalism of today’s Universities out of the heads at the Federal Trade Commission who must regulate or referee in the real world of moder

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

business and reality. There is no place for pie in the sky, utopian dream rule making. You cannot have Utopia until it is earned and built by, yes, by

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

us entrepreneurs. The laws and rules need to reflect this present period and the reality of the market place. If the Federal Trade Commission would like

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

some titles for this new reading room, I will be glad to compile a list. We must not allow the evil, which lurks at the FTC to permeate the business com

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

unity. The Federal Trade Commission is clearly “unfit to lead” such an industry like franchising.

The Federal Trade Commission and all regulatory agenci

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

Following aspects would a

es need to understand free markets and market drivers before they go meddling in them. I see that they do not. After reading a recent Franchise Report fr

dd to the challenges in developing combination products:

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

om the FTC, I the end is near for franchising and the Federal Trade Commission has no clue what to do next, so they default not to the entrepreneurs, but

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

rather to the parasites (opinion), which brought us to this point in the first place, the gosh darn lawyers? Well, what say you? Let’s here the Federal

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

Trade Commission Franchise Division Deny it.

Once again there will be no niceties in the salutation, I believe those must be earned. A good start would

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

to apologize for past mistakes, come clean and reverse the trend, thus proving to the world that the Federal Trade Commission is willing to walk the talk

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

Professional from academic institutions, pharmaceutical industries, health care indust

and guide and referee America’s greatest asset into the next period, while showing the consumer that they understand the balance which is part of their ad

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

pted logo, maybe Robert Kennedy was a Libra, because that scale makes no sense in hindsight of watching their endeavors as they attack American Business a

.

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

nd the Franchising Community. The Commission has a job to do, if it cannot do it, it is not needed. Is the Federal Trade Commission up for the challenge

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

Companies that provide selfless information through particip

? Do they have what it takes to stay reality based?

Show Me. Think about it and thanks for listening to another article in the “Rants from Lance” series

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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Useful Advices - The Federal Trade Commission Lacks Free Market Thinking

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