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Just Other Articles - Searching for 100M to 500M; You Better Know Your Competition and Industry
Flying high above it all, many entrepreneurs are looking for the capital they need to chase down their dre
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
ams. Indeed they are so in love with their concept that they think everyone should love it too. Loving you
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
r concept and having passion for it is indeed a good trait, however often the entrepreneur will go and hir
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
someone else to find the capital for them.
These so called consultants and gurus of venture capital will
These so called consultants and gurus of venture capital will
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
give them a song and a dance about all the people they know in industry, institutional investors and vent
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
re capital circles. Some of these capital consultants know their stuff and specialize in certain industrie
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
s and went to the right schools in college and were certainly in the right fraternities. But does that mea
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
n they can get you the money you need for your project?
Not likely and the more you need the more unlikel
Not likely and the more you need the more unlikel
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
due to the serious nature of raising capital. Its called ROI or Return on Investment. Big money is lookin
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
g for profit, solid concepts and potential value; they want a return. For your capital consultant to do hi
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
job, you will need a bullet proof business plan and your consultant will need to do his homework. A lazy
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
salesy consultant who will not study the material and know it backwards and forwards is of little value as
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
the minute someone is serious they will begin asking questions.
If the salesy consultant does not know t
If the salesy consultant does not know t
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
e answer it makes you look bad and him worse. Sure he can say, I am just the salesman, but as a capital co
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
nsultant, that is a pretty chickenshet answer, he ought to know the answers to industry questions and your
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
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
business, competitors, potential customers and marketing plan like the back of his own hand. Indeed he oug
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ht to also subscribe to all your industry trade journals too.
Thus you must not pay someone $50,000 as a
Thus you must not pay someone $50,000 as a
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
consultant to help you get capital unless he is of the highest integrity and work ethic. I certainly hope
.
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
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
his article is of interest and that is has propelled thought. The goal is simple; to help you in your ques
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
t to be the best in 2007. I thank you for reading my many articles on diverse subjects, which interest you
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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