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A young up and coming entrepreneur will possess many qualities in varying degrees, however one important

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

trait of being an innovative entrepreneur is having innovation. The differences between people can be a

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

Examples of combination products may in

azing, how many times have you looked with envy at someone who can come across a problem and quickly fin

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

d a solution to work around that problem? Or see someone take a product or service and give it a little

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

weak to make it even better?

If you have ever stopped in your tracks and looked at these people in awe,

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

Combination pro

then you could do with a little help to become more innovative. Being an innovative entrepreneur isn’t

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

hat hard it, just requires you to change your way at looking at things a little differently.

Curiosity

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

is a must if you want to be innovative; you have to be curious about life and what it has to offer you a

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

d what you can get out of it. A good way to start is by looking at your experiences and start questionin

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

g why did things happen like that? What might have happened if you had done something a different way?

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

eing ready to accept change and accept new ideas and thoughts should be considered. Get insight from oth

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

Following aspects would a

er business people around you, read the business journals and magazines, above all keep on top of what’s

dd to the challenges in developing combination products:

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

current.

Persistency is a great trait so if things don’t happen immediately or they don’t turn out as p

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

lanned then persist to get there. Solution to problems that crop up rarely come straight away, most usua

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

ly a great deal of thought will have to go into finding a solution.

Being an entrepreneur requires you

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 put your faith in others and asking for help when it’s needed. While you might have a great idea, you

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

Professional from academic institutions, pharmaceutical industries, health care indust

might only be able to go so far on your own. If this is this case then seek help or advice from someone

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

you can trust, who could help you move forward with your idea and put it into action.

So as you can see

.

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

being an innovative entrepreneur isn’t really all that hard, a little change in how you look at things a

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

Companies that provide selfless information through particip

nd the world around you and you can find the success that so many young up and coming entrepreneurs have

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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The workplace today is nothing like it was ten years ago and there is no going back. The world of our parents, a world where employers concerned themselves with the long term; or even the overall moral of their employees - that is gone.

Congratulations! The hard work you have put into your job search has paid off. You now have a job offer on the table and are excited about the opportunities that this position presents. There is just one thing that is troubling you: the offered salary.

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