Main Subject - Business

Deciding to hold a corporate event is just the beginning and to most companies a very time consuming and daunting task. The three most important que

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

stions faced by any company are Where, When and How your event will happen. Firstly you need to define your objectives and requirements. All too

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

Examples of combination products may in

often we find that these two aspects get overlooked. As with most things in life, if you know what you want and what you need to achieve, you stand

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

a much better chance of success.

Where to Stage Your Event – The Venue

One of the most important factors in determining the success of your

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

event is the venue – this factor alone can literally make or break the whole event.

Conference venues get the major part of their business from to

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

Combination pro

al event management companies, rather than directly from clients - that's how it works. Most event management companies and conference organisers of

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

fer a free venue finding service, whereby they are able to negotiate effective rates for clients because they book volume and repeat business. Tell

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

them what you need and they should be able to come back to you with some ideas on their corporate events and incentive packages which should be tail

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

or-made and designed to suit your requirements and your budget.

As with any industry, there are companies servicing all sectors of the marketplace

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

and as a general rule, price and quality are closely linked. When comparing prices you will see that there are a considerable variety from one comp

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

ny to another and in our experience the reason for this is quite simple: There are no global brand names in the event entertainment industry and so

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

Following aspects would a

it is not possible to instantly sort out the good from the bad. In order to do this we would strongly recommend you look around at different compani

dd to the challenges in developing combination products:

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

es, study any literature they produce, speak to them, establish their track record, take client testimonials and see what's being offered (i.e is it

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

on a like for like basis) and from there base your decision on the impressions formed.

Another big question to bear in mind when seeking a corpora

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

te event organiser is “Are there likely to be hidden extras?” This will vary from company to company. Some will automatically include travel, accomm

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

dation etc (these are the most common 'extras') while others may not mention it until quizzed. As ever, make sure you are comparing like for like. T

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

Professional from academic institutions, pharmaceutical industries, health care indust

he more information you can provide to the events organiser, the easier it is for their event management team to prepare a quote. We at Knights Temp

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

lar Events try very hard to avoid surprise 'extras' as we appreciate how annoying they can be. However, if your requirements change then it is perfe

.

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

ctly reasonable for your event management company to revise the price and the event proposal / package.

The key to managing any successful corporat

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

Companies that provide selfless information through particip

e event is by simply Planning and Organizing, nothing more. Of course it does help if you have a bit of experience in both these departments as well

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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Only you know what your capital reserves are and what type of reserves your business will require from month-to-month. While some businesses are more sophisticated than others, only you have access to the full spectrum of your financial position today and the forecast of what responsibilities there are to come. It is not only essential that you prepare yourself adequately; it's crucial.

To be in control of your own destiny you must be pro-active. Life takes place in a decision. When you take action to make something happen, stuff is going to happen. What to do about what happens, after you make something happen is where you take control. When stuff happens that you did not plan on, that is opportunity knocking!

A cold drink vending machine can be purchased or rented either from a wholesaler or a soft drink company. Here are some options to help you decided if this is the business for you.

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