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Many sellers are unaware that an online auction is the same as a normal bushiness. Just like a normal business, there are laws that mus

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

t be followed. That means that if you don't keep the laws, you could be liable for fines and other legal actions. The federal law says

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

Examples of combination products may in

hat you must only advertise your services and items honestly and accurately. You are not allowed to make bids on your own items to drive

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

the price up. You are not allowed to make or give false testimonies about yourself at the auction website to make yourself look better.

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

These are just a few of the federal laws, but you should get the idea. An online auction is a business and not a game. If you treat you

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

Combination pro

online auctions like a business, they will treat you well too. The laws are there to protect you and me, and they are meant to be take

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

n seriously. If you aren't ready to do that, then you'd be better off making money some other way.

Here are some tips to that can help

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

you avoid legal problems. Let your customers know if you offer service after they buy. Explain your return policy and make it clear who

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

pays for shipping if an item must be returned. Always include one or more photos. List some FAQ's-- it will help sales and save extra e

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

ails being sent to you. Always make clear if the item is new, used, refurbished, or "as is". • Offer a guarantee-- it helps build trust

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

n you and people buy from people they trust. Settle the issue of who pays for shipping and if you ship internationally.

Answer all ques

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

Following aspects would a

tions about your items as quickly as possible. Make sure that at the end of every auction you print out the information about the buyer,

dd to the challenges in developing combination products:

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

item, time, date, price and file it. Keep extra records out side of your computer and on paper. Save all the copies of the emails that

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

you receive from your buyers and auction site. They could be a big help in the future.

Make sure that you contact each buyer as soon

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

s the auction is over. Confirm everything again such as the total cost, shipping address, and where they need to make their payment. D

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

n't forget to thank them for their purchase and remember that this is also a good time to invite them to visit your website if you have

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

Professional from academic institutions, pharmaceutical industries, health care indust

one! It's much easier to sell something to an existing customer than to find a new one. Treat them well and they will come back again

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

ith open wallets!

Run your online auction like a business and watch it grow. The web is full of people who make big time money with on

.

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

line auctions. You can be one of them, but lay a good foundation, be honest and latter you'll be glad you did. You are where you are t

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

Companies that provide selfless information through particip

day because of all the decisions you made in the past. Make good decisions today and you'll have a better business tomorrow. Make sense

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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Every business owner knows without their customers they do not have a business. Finding customers is only the first step in running a business. Keeping them for the long haul is the most important thing a business needs to do.

Santa owns Christmas eve! What does Santa do that you neglect to do? What marketing strategies does he use?

Birds of a feather flock together. The more you know about your customers, the easier they are to find, and most importantly, the better your ability to serve them and offer them what they want.

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