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    When I have looked back and the joint ventures I have been involved in they all ste
    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
    m from three main categories. Everything else is really a combination of 2 or 3 of
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    these.

    1. Promotion of your product

    You can joint venture with a partner and have
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    them promote your product for a set commission (this is very similar to an affilia
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    te program); you might also promote one of your partners products at a later date.
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    2. Creation of a new product

    You can joint venture with someone and create a whole
    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
    new web site or product. Many of the most successful marketers to this since two m
    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
    inds are better than one and they can both work on their strong suits.

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

    Another popular joint venture is helping one another build each other’s list
    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
    . You could both simply send an email out to your lists and cross-promote one anoth
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    r. You’d get new people from your partners list and they’d go new people from your
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    list.

    The best joint ventures are a combination of all three, brainstorm ways wher
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    e you can do all three for you joint venture partners and you will find that more o
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    f them will want to promote your offers.

    Here’s an example of a way you could comb
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ine all three.

    1. Ask potential joint venture partners to contribute to an eBook –
    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
    this creates a new product
    2. Have them donate a product when someone purchase
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    s this eBook – this is the list building element
    3. Have all of the joint vent
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ure partners promote – here is your promotion element


    If you did that you’d ha
    .

    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
    ve a product that would be in the hands of many people, you’d earn money and become
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    the expert just by association on that topic.

    It’s win/win – now go out and do it


    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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