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Just Other Articles - New or Smaller Franchisors and Business Brokers - Some Marketing Thoughts
Should a new or smaller franchiser align themselves with a business broker in order
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
to generate regional sales rather than setting up a master franchise, regional par
; 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
nership or sub-franchiser strategy? Business Brokers look enticing to the smaller f
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
anchiser, since they know the market and the people there and put lots of advertisi
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
g into that market.
Nevertheless, a Franchiser needs to be careful on who they are
Nevertheless, a Franchiser needs to be careful on who they are
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
dealing with and make sure that the Business Brokers do not break the franchise rul
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
. One slip of the tongue by and the franchiser opens themselves up to litigation in
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
the future, beware.
This is not the only problem that can run a new franchiser int
This is not the only problem that can run a new franchiser int
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
wall at Daytona. I can tell you stories around the country of Business Brokers mee
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
ing with me promising that they could help us. They would use our logo and brand na
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
e, concept to get people in and then sell them something else they got a larger com
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
mission for.
Folks would call us, we might even refer them to the broker in the ar
Folks would call us, we might even refer them to the broker in the ar
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
a due to time factors and they would switch them, we would call the prospective buy
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
r back a week later and they would say they found something else, from the same bro
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
er who talked them out of our franchise and into something else. Anyway, that is ju
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
t one more issue to be weary of; School of hard knocks indeed.
Just be careful who
Just be careful who
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
you are dealing with and beware of over hype and promises from Business Brokers off
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ring their services. I certainly hope this article is of interest and that is has p
.
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
opelled thought. The goal is simple; to help you in your quest to be the best in 20
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
7. I thank you for reading my many articles on diverse subjects, which interest you
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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