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Without a shadow of a doubt, the easiest way to increase the bottom line of y

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

our business is to survey your clients.

Now that my be your existing data ba

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

Examples of combination products may in

se or to survey your target market, if you do not know what it is that people

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

want to buy then How in the hell do you know what to sell to them.

This stat

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

ement seems logical “Ask your clients what they want and then sell it to them

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

Combination pro

But time after time people go into business and sell what they make rather

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

than make what they can sell.

It’s mind boggling when you talk to people who

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

have just started a business thinking I have a great idea that everyone will

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

want.

So be it, it might be a good product but a little due diligence will g

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

a long way.

How about doing a little market research to see if there really

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

is a demand for your idea that you think there is.

The best part is, now wi

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

Following aspects would a

th the Internet you can do market research without breaking the bank.

How ma

dd to the challenges in developing combination products:

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

y business ideas could you have saved time, money and the frustration of not

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

pursuing it, if you did some research to really find out whether or not you w

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

re going to make any money in the first place?

There is a software program c

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

alled: http://www.flycatcherpro.com it is free to use and allows you to do ex

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

Professional from academic institutions, pharmaceutical industries, health care indust

ctly what I have been talking about.

Test potential market places or survey

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

your existing client base to find out exactly what they are looking for in yo

.

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

r product or service and how you can tap into their mindset and deliver more

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

Companies that provide selfless information through particip

than they expect.

It’s a win-win for everybody :-)

What do you have to lose

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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