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Main Subject - Entrepreneurs and Problem Solvers; Winning Markets Thru Innovation
If you are a true entrepreneur then you are a problem solver. You s
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
ee a desire of a consumer of a product or service and you ask yours
; 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
elf; can I produce that and still retain a profit? If you can produ
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
e it and you are pretty sure you can make money doing it then you a
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
re well on your way.
This takes thought, creativity and innovation
This takes thought, creativity and innovation
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
, there is no other way? Sure you can copy others who have done sim
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
lar and learn from them and their successes, challenges and failure
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
s and create even a better way of doing it. After all an entreprene
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ur is an innovator by trait and a problem solver by profession.
Ev
Ev
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
ry good entrepreneur can smell new markets and see the money flowin
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
g and feel the desires of customer leaning a certain way or longing
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
for that perfect service or product to help them. A good entrepren
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
ur can see this and feel it almost as second nature. How do they do
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
it?
Well they put themselves in the customers shoes and you can d
Well they put themselves in the customers shoes and you can d
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
o this too. Simply think of the hassles in life you deal with and l
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
sten to others and then figure out how to solve these issues. Figur
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
e out how to find ways to make money in solving these problems that
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
are out there and you are well on your way to becoming a super sta
.
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
innovator, problem solver and a very wealthy entrepreneur. How do
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
I know this? Well, let’s just say I know. Consider all this in 2006
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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