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Just Other Articles - Businesses - Leisurely Dining Or Fast Food
It occurred to me the other day, that so many people today liken their businesses to the way th
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
ey eat - fast. Think about it. All over the web we are inundated with... make $1000's of dollar
; 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
a day, make $10,000 a month, make a million by the end of the year. Everyone is looking for th
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
magic formula or the magic bullet to get rich quick...fast. They want their business to succee
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
in the time it takes to get their hamburger or chicken sandwich. No wait, no delay of gratific
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
tion. I want it now, and I want it without having to work at it. I want to sit back and rake in
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
the dollars, my way.
Those of us who have been on the web for the past six years, realize t
Those of us who have been on the web for the past six years, realize t
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
at just like the businesses we ran off the web, a web business takes time to grow. It is not fa
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
t food, but instead like an five course dinner. We start with the drink, the business idea, the
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
go to the appetizer, the business name, mission statement and business plan, then the first co
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
rse, formalized plan, the second course, the strategies to market our business, the main course
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
, the everyday running of the business, and then comes the dessert, the moneys, we so richly de
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
erve.
We know that it takes time to digest, and we have to go through several courses to ge
We know that it takes time to digest, and we have to go through several courses to ge
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
to the dessert. The dessert does not come first. One course builds upon the other, till you ge
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
to the end, however, this also allows us to savor our success. Going through the courses also
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
llows us to take a good long look at things, so if we need to add a piece or entr?e (make small
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
or big adjustments), we can do so immediately.
If you want to run a successful business on o
If you want to run a successful business on o
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
off the web, remember your business is not fast food, but rather a nice long leisurely meal. 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
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
ke the time to digest it, and savor it over several courses, and your just desserts will be rea
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
ized in the end, but the dessert does not come first.
Copyright 2001, DeFiore Enterprises
Copyright 2001, DeFiore Enterprises
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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