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Everybody loves a good bargain. With rising prices, who would not want a small discount on their purchases?

Whether it is for necessity or luxury, people wil

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

l naturally want to buy products that are cheaper but this does not mean that they will be buying cheap products or those with not so good quality. It just me

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

Examples of combination products may in

ns that they will be buying something that is worth every cent that they paid for.

Products like that are not so easy to find. Often, when products reach the

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

consumers, the prices have already been jacked up several times already. From the manufacturer to the retail shop, everybody adds a little percent to the pri

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

e. This is especially true if you are going to buy in commercial establishments and in malls.

There are however places where prices are not so high flea mark

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

Combination pro

ts. Flea market products are often new items that are just being introduced in the market. Because of this, the price is not so high. Some even sell them with

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

out any mark up because the manufacturers just want the consumers to be familiar with the product. That way, they will be able to easily sell them to the reta

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

l shops.

Flea market rent is also not that high. In addition to not being inside an air-conditioned building, the place is equipped with a simple long table

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

where sellers can display their goods. There is not really much in terms of expenses. Most are even located in public places where a minimal rental fee for th

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

whole place is given. Sometimes even none at all. This is the reason why people often get a bargain in

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

get="_blank">flea markets profits and yard sales.

Still, if they know how to economize, manufacturers and sellers who are joining flea m

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

Following aspects would a

arkets can actually make a profit without having to jack the price so much. Below are some advice on how to do it.

1. Forego with the paper bag

Some sellers

dd to the challenges in developing combination products:

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

give paper bags or plastic bags with the logo of the company along with the item purchased. Although this is actually a form advertising your product, having

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

paper bags or plastic bags printed can cost a lot and this will reflect on the price that you put onto your product. Why not forego with the package?

Or if y

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

u want to advertise your company and product, why not make it economical by buying a simple brown paper bag and decorating it yourself. You can print the logo

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

on several sheets of sticker paper and stick them on the bag. After all, no matter how great looking your paper bag is, if your item is forgettable and expens

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

Professional from academic institutions, pharmaceutical industries, health care indust

ive, it will not make much difference.

2. Smile and give your calling card

Profits in flea markets are not just the monetary kind. It is also a way for you

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

o meet potential buyers and to advertise and market the products. You can do this by establishing great relationships with people who visit the site. Smile an

.

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

d do a little public relations. Sell them your product and then give them your card. You do not have to sell your item to them right away.

What you aim to do

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

Companies that provide selfless information through particip

is to sell them the product in the future. Make sure that though that you have given them your card or at least told them where they can find you or your shop

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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