Tags |
|
|
Links |
|
|
Just Other Articles - Doing Business With China
The two most over-used buzzwords in business of the last ten to fifteen years are “China's Coming” and “The internet will change everything”. Curiously, it's
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
not very often that you hear both buzzwords used together - but why not ? Using the internet to do business with China has to be one of the smartest ideas aro
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
und.
First of all, China has some incredible advantages in terms of trade. It has easy access to raw materials and cheap labour. Its economic base is growing
First of all, China has some incredible advantages in terms of trade. It has easy access to raw materials and cheap labour. Its economic base is growing
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
and there is very little that China can't produce. Secondly, it is a massive and growing market for all sorts of products and services and with an increasing
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
taste for western brands. These facts alone make doing business with China a very interesting proposition, let alone the fact that your competitors are alread
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
y thinking about how they can lower costs and/or expand sales by doing business with China.
But there are a number of drawbacks to doing face to face busines
But there are a number of drawbacks to doing face to face busines
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
s with Chinese companies. China is a long way from the West, with a different business culture and a limited number of English speakers. If you want to travel
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
to China to do business, it can be quite an expensive and daunting proposition. You'll need a translator or interpreter and you'll need to put aside a large
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
mount of time to get to know the markets and the country and the culture once you have arrived. In fact, if you want to crack the Chinese market, even if you
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
are just considering sourcing some suppliers, you are taking on a very large task. There are many expert consultancies in China that boast they handle your bu
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
siness requirements every step of the way, from market research to making introductions right through to invoicing and tax. They also take an interesting fee
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
for doing all of this.
So it looks like it makes sense to use the internet to do business with China - even if it does turn out to be just a toe in the water
So it looks like it makes sense to use the internet to do business with China - even if it does turn out to be just a toe in the water
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
Using a b2b marketplace, you can be trading with Chinese companies within minutes at negligi
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ble cost. There are a large number of these market places where companies pay a fee to list their products and prices. You can browse for free and then make c
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ontact with any company you choose, or you can pay your membership fee for a greater range of products, suppliers and 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
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
com/companies.php" target="_blank">wholesale distributors along with other advantages such as customised searches or being informed when new, relevant lis
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ings appear.
If you sign up to these sites, you will need to be aware that they do not guarantee the accuracy of products listed, nor do they guarantee the h
If you sign up to these sites, you will need to be aware that they do not guarantee the accuracy of products listed, nor do they guarantee the h
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
onesty of the company who is offering to trade. This suggests that it is of vital importance to verify that the company can supply what it offers. Many compan
.
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
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
ies who have gone down this route have carried out a test to ensure that the supplier can deliver what they advertise.
Having taken these caveats into consid
Having taken these caveats into consid
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
eration, the fact still remains that using B2B networks to start trading with China can save you a lot of time and money if you want to do business with China
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.justotherarticles.org.ua/article/1087/justotherarticles-Doing-Business-With-China.html">Doing Business With China</a>
BB link (for phorums):
[url=http://www.justotherarticles.org.ua/article/1087/justotherarticles-Doing-Business-With-China.html]Doing Business With China[/url]
Related Articles:
7 Ways to Control Your Direct Selling Appointment Schedule
Bookmark it:
|