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You have heard from the experts how networking can be nearly priceless if you make the right connections. Nevertheless you fi

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

nd yourself at social events, business meeting, conferences, workshops, and classes and on a good day you make two or three n

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

Examples of combination products may in

ew contacts from the numerous people you meet in a day. Meeting people can be difficult but does not have to be.

A great net

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

worker really does not think about networking per say but how he or she can help someone with a solution. They attend these

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

events with both ears open and a goal to meet a large percentage if not everyone who is attending the event. Be a host or vol

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

Combination pro

unteer to help out with the event. It will help you meet a multitude of people quickly and break the ice too.

First things f

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

irst, you must prepare. Know your business and yourself. Know the short answer to the following questions:

What is your

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

specific product or service?

Do you have a special target?

Do you have special qualifications?

What do you enjoy outside

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

of work?
Be specific, i.e. sports you play like golf or tennis. No one works 24/7 even if they are single with no fami

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

ly or significant other, you must come up for air.

A critical part of your first impression is your business card. It’s your

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

first level marketing and public relations collateral, so think about the message you want to deliver. Depending on your bus

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

Following aspects would a

iness get creative. Own a metal shop maybe you have an engrave aluminum or silver background with your logo. Personal Chef 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 have a scratch and sniff of aroma. A high tech consultant may have a refractive card that shows different info at various v

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

iewing angles. The bare minimum on the business card include your name, phone number, email and business name/ what you do. O

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

ptions that wile help even more like a photo, website, address, logo, description of services and company slogan.

Now you sh

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

ould have your 30 second elevator pitch prepare to roll off the tongue in a natural way. This should include your position, c

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

Professional from academic institutions, pharmaceutical industries, health care indust

ompany name, brief summary of your business operation and the clients you have. You should mention what you specifically nee

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

d, i.e. a lawyer who specializes in real estate or a particular manufacturing supplier.

Now you know the nuts and bolts of t

.

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

he networking world get out there and start shaking some hands. Get those business cards and follow up with a note or card. D

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

Companies that provide selfless information through particip

on’t be shy go to something at least once a week. It all gets better with a little practice so put your ears on and have fun.

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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According to recent studies 22 percent of men and 14 percent of women over 65 are self-employed. That's compared to just 7 percent for other age groups. According to a Vanderbilt University study the number of entrepreneurs age 45 to 64 will grow by 15 million by 2006.

When it comes to effective execution you just can't do it in a vacuum. You must create stakeholder-based innovations, strategies, systems and processes, and metrics if you want to really execute. Read this article to learn how to integrate your stakeholders for a powerful competitive advantage.

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