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Charity avails so much as the old adage goes.

Most of us like to help others and you don't have to go too far out of your way to give

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

. In some cases, you need only walk right out your back door.

Charity is one of the best ways to advertise your business in a low-cos

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

Examples of combination products may in

way. All you have to do is give and expect nothing in return.

But be very selective in the charity you give to. Be sure the charity

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

s a bona fide charity with the proper legal paperwork that gives it a charitable distinction. Also, try to find one with a longstandin

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

reputation.

Most charities will list their sponsors and donors in their newsletter or make mention in some other way that provides a

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

Combination pro

public benefit. Ask charities that you consider giving to if they recognize people who donate goods and services.

A monetary gift is

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

nice but you can get the same benefits by providing your business services for free. If you are a persuasive salesman and able to get

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

eople to let loose of their hard-earned cash, you could volunteer to be a fundraiser. A writer? Write copy for the charity's brochure.

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

Are you good with your hands? Offer to fix something when it breaks.

Depending on the size of your business, you may want to give to

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

small charity. It is best to give to a charity that is relatively the same size as your company. If you are a small mom & pop shop yo

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

won't get a lot of benefit by giving $100 to a multi-national charity. The large corporations will overshadow you with their huge gif

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

Following aspects would a

ts. But if it is a cause you really believe in, then by all means, give what you can.

But if you want recognition for your business,

dd to the challenges in developing combination products:

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

ou are better off giving to a local charity or a smaller charity that lists its small business donors on its web site and newsletter.

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

onsider the level of charitable donation very seriously. It may be to your benefit to be one of the highest givers, or you may opt to

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

o in at the lowest rung on the donation ladder. How do you decide?

Consider this: How many other donors are there at your level? If t

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

ere are only one or two then you will stand out more. Also, is the cause related to your industry in some way? Maybe you'll want to gi

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

Professional from academic institutions, pharmaceutical industries, health care indust

ve more. Are you a local business that caters to local customers? Give to a local charity. Are you an Internet company that does busin

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

ss worldwide? Then, maybe you should consider a charity with a worldwide scope.

The decision is yours but be selective about your cha

.

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

itable contributions. Put your charitable limits in your annual budget and stick to them like mud on a boy.

Also, don't be afraid to

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

Companies that provide selfless information through particip

olunteer your time. Most charities, particularly local ones, are in dire need of helpers. And you never know who you are going to meet

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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