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One of the first steps is to box up last years files. However, before you do that be sure to go through your files and clean them out. The files that can take up a lot of space during the year, can be easily tossed

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

. For example, your correspondence file, newsletter files, chron files. You can also combine your completed client files for the year, both seller and tenant buyers.

After you have gone through the paper file ca

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

Examples of combination products may in

inet, be sure to do the same with your computer files. Years ago when computer memory was at a premium, people did not keep all the extraneous garbage on their computers, like people do today. Just like your paper

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

files, move the files to disks or your zip drive if you need to, or just delete them. You don't need every letter you sent, every e-mail, or all the newsletters you've been meaning to read. Also go through your fav

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

rites and clean them out.

Treat your computer like memory was at a premium and you won't hold on to items you will never use. Unfortunately today everything is in gigabytes rather than megabytes.

After you

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

Combination pro

ave cleaned out the paper files and computer files, next step is to make up your files for this year.

Avery Label Pro is excellent for doing up file labels. In fact all type of labels. It allows you to run anot

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

her set of general files out very quickly. Remember time management and organization are keys to not wasting your time. I'm sure that many of you are thinking boxing up and making up of files is a waste of time. Ho

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

ever, when a client calls and you can't find something they want to know, it will become of paramount importance. So, keep your files organized, both paper and computer.

Once you have your files set for the new

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

ear, the next thing is to clean out the calendar or day planner you use. Change the pages. Tip, you can run day planner pages out of Outlook and then whole punch. A lot cheaper than buying the pages. This is also a

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

great option for those of you without a day planner. Buy a small binder and make your own. Again, a lot less expensive option. Once your calendar is set up, be sure to pencil in your daily, weekly, and monthly goa

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

s, in addition to any standing appointments you have for the year. Last but not least, rubber band the pages from last year together and add it to your file box. For those of you using chron files be sure to place

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

Following aspects would a

hose in a separate file box, so you can very quickly put your hands on any of last year's correspondence.

Next is to set up your tickler file for the year. File any extraneous papers you keep in your tickler fil

dd to the challenges in developing combination products:

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

e (e.g. calendar pages, meeting agendas, notes, etc.) Be sure all your month files are in order. Go through the January sections and place them in the appropriate date, so you will be ready for the first month of y

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

ar's appointments.

Next is to deal with any outstanding mail from the last year. Answer it, read it, file it or toss it. This will ensure your mail folders are in order for the upcoming year.

For those of you

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

doing lease purchasing, you will also want to check all your databases (prospects, sellers, tenant buyers, consulting jobs, pending properties, etc.) and diligently go through them to weed out those not producing r

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

esults. You will also want to update your FSBO sites, and start making new calling lists for the new year.

Last but not least is to add up your expenses for the year. If you are using the monthly envelope metho

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

Professional from academic institutions, pharmaceutical industries, health care indust

, total those for the year. If you are using Quickbooks or another type of accounting/bookkeeping program, run your numbers for the year (e.g. for expenses - supplies, telephone, fax, computer, office, utilities, e

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

c.; for profits - consultations, assignment fees, notes, cash flow profits, etc. This will give you an idea of what you made after expenses. Then develop goals to do even better for the new year.

If you are unsu

.

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

re of any of the items mentioned in this article, check out the articles on our website for a more detailed treatise of what some of them are and how to use them. You can also get additional ideas from our Complete

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

Companies that provide selfless information through particip

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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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What is the most valuable asset that your firm possesses? Is it your technology, trade secrets, credit line, or customer base? Although we realize the importance of these, most of us believe that our people or our leadership teams are most valuable to us. However, there is another asset that may be even more important as your business matures. A good name or reputation allows your firm to attract quality leaders, excellent employees, key customers, and financing.

Businesses and consumers alike are increasingly confronted with contracts that allow the other side to change any of the contracts conditions at will, and allow no legal recourse other than binding arbitration. Contracts are becoming more like blank checks. The main offenders are the telecoms, software companies and credit card companies, but the practice is growing as companies put themselves above and beyond the law. Is this the end of contract law?

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