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Tis' the season for business and corporate gift-giving! If you believe in the law of reciprocity, and if your business is the least bit successful you must; yo

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

u know that giving back is not only the right thing to do, but it's very smart business as well. Let's look at some of the benefits and mechanics of Christmas

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

Examples of combination products may in

and holiday gift-giving.

* WHY DO IT AT ALL?

Gift giving is an excellent way to not only say thank you for all the business and continued loyalty your client

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 and customers have shown over the past year, it help to solidify relationships and in some cases, actually tilt the playing field in your favor. A well-conc

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

eived business gift will speak volumes on your integrity, thoughtfulness and sincerity and may make the difference between you and a competitor. As for employ

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

Combination pro

es, the days of 50 years and a gold watch are long gone, so a token of appreciation during the holidays or other special occasions can turn a mediocre relatio

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

nship into one of fierce loyalty.

* WHEN TO DO IT?

Obviously Christmas and the season surrounding it are the major themes here. Other times of the year, such

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

as Thanksgiving, Easter, Labor Day etc., may also present golden opportunities as it is not expected then. Other times to consider might include occasions suc

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

h as a business anniversary, marriage, births, promotions, new offices or branches, and possibly retirement (ESPECIALLY of a competitor!)

* WHAT TO GIVE?

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

is can be the most difficult part of the process. All of us have been the recipient of the cookie cutter approach, as the countless fruitcakes of Christmases p

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

st haunt our freezers. In a large company, it's difficult to avoid this, but by bearing this in mind, you'll be able to come up something unique and stand out

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

Following aspects would a

above the rest. Also think of the nature of the business relationship. Anything inappropriate would not only be unappreciated, but could have the opposite ef

dd to the challenges in developing combination products:

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

fect of that you're trying to achieve. If you can, try to make it as personal as possible, reflecting the interests and likes of the person receiving the gi

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

ft. Be mindful of religious differences, as you don't want to offend in that area either. While striving to give the nicest gift possible within your budget, t

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

ake care not to appear as though you are bribing anyone for business or loyalty.

* HOW TO ACCOMPLISH THIS?

Start as soon as possible, and dedicate at least o

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

e person to work on this solely, as depending on the size of your list, it can become onerous. Given enough time and resource, however, it can be done quickly

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

Professional from academic institutions, pharmaceutical industries, health care indust

and efficiently. Shopping online has made things so much simpler. You can find so many more choices with the click of a mouse than you could with weeks of pr

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

ospecting on foot. Many of your favorite brick and mortar merchants now have an online presence as well, as they too recognize the immense possibilities of th

.

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

e medium. Take advantage of web vendors, many of whom offer free shipping, corporate and bulk discounts, and many other perks to get your business. It really

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

Companies that provide selfless information through particip

is a time-saver!

Christmas and Holiday gift-giving isn't the gargantuan task it used to be. The internet and a smart strategy make it profitable and enjoyable

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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It was a bit of a struggle for me to get into the Allentown business school. Oh, I don't mean an academic struggle. That particular college school wasn't that tough, and I had good grades and good work experience. What I mean is an internal kind o the struggle. I had always wanted to make it in the world of business, but I did not think that I needed a business education to do so. My dad was a graduate of the Allentown business school, and he tried to get me to go there for years. I had resisted his every effort, however. I was more interested in direct sales experience than getting an education in business.

The quickest and most cost-effective way to hire new staff is of course through referrals through your existing team. As most large businesses are moving towards trying to cut the cost of recruitment while still trying to identify new people, they typically have some kind of incentive scheme to encourage existing staff to refer friends as potential recruits.

Is it possible for an insurance company to use its insurance adjuster division to promote goodwill and public relations? Hey, if a Lizard can do it on Television then anything is possible right? Consider if you will the number of insurance adjusters an insurance company may have and then consider the needs of a Neighborhood Mobile Watch Business Program.

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