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  • Just Other Articles - Registration Forms: How to Make Them Irresistible with Discounts

    Everyone LOVES to save money or get a deal when making a purchase - and registering for an ev
    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
    ent is no different. Use pricing discounts to give your prospective registrants an opportunity to sa
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    ve on the registration fee. We're not saying everybody, every time - pricing discounts are typically
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    based on timing, volume, or type of registrant.

    Early-Birds Get the Discounts
    You've s
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    een it or at least heard about it, but are you using one of the most popular and successful discount
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    hooks - the Early-Bird Special? An early deadline creates urgency to get the registration done quic
    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
    ly before the discount expires on the date you set. In our experience, over 80% of registrants take
    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
    advantage of early-bird pricing if the discount is compelling. For example $89 versus $109 or $389 v
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    ersus $449.

    Be prepared though, inevitably the procrastinators will call after the deadline
    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
    aking their best plea to get the Early-Bird pricing. You'll need to determine ahead of time if you w
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    ant to be flexible or toe the line when you get these calls. It's imperative, too, that you send you
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    r marketing materials at least one month in advance of the Early-Bird deadline to insure that you gi
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    e people an adequate amount of lead time to register.

    The More the Better
    Volume discou
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    nts encourage people to promote your event to others. Offer a reduced fee - typically 10-15% off the
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    full fee - for group registrations. Or, charge full price for the first three registrants and throw
    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
    the fourth registration in for free.

    Membership Has Its Privileges
    Varying pricing by r
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    egistrant type is another another popular form of discounting. Most common is a member and non-membe
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    r rate where non-members pay a higher registration fee. This approach can also be extended to studen
    .

    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
    s, exhibitors or other groups at your event.

    The Golden Rule: Keep it Simple
    The easier
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    a discount is to understand, the more likely people are to take action on them. So keep them simple


    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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