Main Subject - Business

Most reasonable people will a still that if a franchisor is selling franchis

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

ed outlets to the public then they have a viable business concept that is pr

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

Examples of combination products may in

ofitable. However, this may not always be the case and to assume this is r

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

isky if you are a franchise buyer. I would agree that if you are a franchis

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

r and you have perfected your business model then absolutely you have the ri

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

Combination pro

ght to sell it to others to help them achieve their American dream of owning

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

their own company or franchised outlet.

Although as a retired Franchisor a

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

nd now consultants I have in the past had new franchisor entrants want me to

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

consult them and I ask them how long they have been in business and they hav

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

e maybe 3-years total including the day they got their business license befo

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

re opening? You think to yourself what? How can anybody and thickly with two

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

Following aspects would a

sell franchises when they have not perfected their own business or prototyp

dd to the challenges in developing combination products:

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

model?

But then comes the real kicker and one, which just makes me cringe

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

as a franchisor consultant; then these would be Franchisors tell me when I a

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

sk how much capital they have they say that they have approximately $35,000

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

available.

This is a scary thought indeed; why you ask, well it takes a mil

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

Professional from academic institutions, pharmaceutical industries, health care indust

ion really to franchise a concept and you burn thru it fairly quickly unless

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

you do not mind eating Top Ramen, putting in lots of hours and treating the

.

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

money like you earned it washing dishes at $5.15 per hour. If you are think

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

Companies that provide selfless information through particip

ing about franchising your current business please 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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You may have heard this word used a lot online, there is a reason why. A virtual assistant is basically a person who is a temporary worker for an online business. Sometimes this is more common for businesses over seas.

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Main Subject - Franchisor Ethics; Do You Have the Right to Sell Your Concept as a Franchise?

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