Useful Advices - Business

Recently in a report by the Federal Trade Commission they listed as one of the reasons to pro-over disclosu

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

re policy was the cost effectiveness of the franchise rule. Citing that it saved franchisors and franchisee

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

Examples of combination products may in

s money to do it that way. How can the FTC in good faith write the words “Cost-Effective” describing Disclo

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

ure laws in any industry, including franchising. There is nothing Cost-Effective about the current disclos

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

ure laws.

All the costs of over disclosure are past onto the consumer and therefore hurt consumers, not he

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

Combination pro

p them. All the required disclosure does not make franchising more ethical. Franchising it is a win-win si

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

tuation, if a franchisor cheats the franchisee, they will not be in business very long, because if the fran

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

chisees fail so to will the franchisor. The Federal Trade Commission is missing the point and catering to

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

awyers who have raised the costs of franchising and boxed in the entrepreneur from performing at optimum an

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

d this hurts the economic forces associated with strong markets. The regulatory agencies of our nation oug

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

t to be ashamed of them selves as they attempt to regulate morality without looking in the mirror at their

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

Following aspects would a

own endeavors.

That is pretty much what I wish to say, from the entrepreneur’s perspective regarding the w

dd to the challenges in developing combination products:

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

ord “Cost-Effective” in the FTC franchise report. It does not belong there and should be removed. If we l

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

ave that word in the report it is either showing ignorance or an attempt to misrepresent fact in which case

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

either the Commission is incompetent or lying and neither are acceptable in my opinion. I would appreciat

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

such descriptions and wording such as “cost-effective” concerning government regulation not appear as part

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

Professional from academic institutions, pharmaceutical industries, health care indust

of public reports concerning my industry again. Why are you trying to destroy franchising, kill jobs, red

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

uce tax base, give away proprietary information, increase identity theft, cut down trees, increase lawsuits

.

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

stifle innovation and so on? Please explain to us all how this helps consumers, franchisors and all we ar

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

Companies that provide selfless information through particip

e and all we have built in this great nation, it would be a most interesting answer indeed. Think about it

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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So, rather than competing with companies that have been around for many years and may have greater advertising and financial resources than you have, you will want to dig a little deeper and find a niche that you can focus on while building your business.

All work and no play can make employees a rather dull group, don't you think? Depending on the type of company you are part of, there might be room to hold a couple of corporate parties, get-togethers or picnics throughout the year. If you should be in charge of organizing and planning this delicate task, there are plenty of ways to approach this responsibility.

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Useful Advices - Efficiency in Disclosure, Cost Effective FTC Regulations?

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