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Everyone in business can benefit from having a business mentor, business mentoring simply means having someone ar

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

ound who you can share your ideas with and they can give their thoughts back to you about your ideas, as well as

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

Examples of combination products may in

ringing in their own.

This essentially can take a huge weight off your shoulders, as you not only have someone t

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

o test your ideas and thoughts out on, but also you are able to gain from their experiences in business. Business

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

mentoring while being a Godsend to anyone in business is especially useful for those who are just starting out in

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

Combination pro

business.

All business mentors will have had a great deal of experience in a wide range of aspects in business a

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

nd will be able to pass this experience onto the less experienced.

Besides bringing a feeling of relief that the

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

e is someone on your side and this alone is a huge bonus, your mentor can also help you to focus on what is neede

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

d, along with helping you to pause, take a step back and think about the original goals that you set out for your

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

elf and the company. Many problems and much anxiety are caused simply because a person has lost sight of their go

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

ls and what it is they originally set out to achieve. The biggest asset to having a business mentor around is the

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

Following aspects would a

confidence that can be instilled simply by knowing you have someone there if needed.

A good business mentor sho

dd to the challenges in developing combination products:

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

ld have certain qualities; one of the most important aspects is having the ability to empathise with people and t

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

o be able to listen to their problems. Along with offering essential good advice which is practical they must als

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

be able to offer sympathy and support when this is needed and be able to determine the right moment it is needed

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

Having experience in the many problems that can affect the small business is also a must, the mentor while givi

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

Professional from academic institutions, pharmaceutical industries, health care indust

ng good advice and allowing others to benefit from their experiences must also be able to take a back seat to som

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

extent and allow others to take responsibility for their decisions.

Being a mentor can be a very rewarding expe

.

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

rience while being stimulating and challenging to both sides. However if you choose to be a mentor then there is

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

Companies that provide selfless information through particip

othing as rewarding as the small business reaching new heights and knowing that you have helped to get them there

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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