Main Subject - Business

Corporations need to keep growing in order to satisfy shareholders equity and quarte

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

rly profits. They need to increase sales and therefore they need to increase the ra

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

Examples of combination products may in

te of distribution of their products and services. Often corporate executive manage

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

ment teams will look at franchising as a method of propelling the company's growth.

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

Although franchising isn't over regulated field with a lot of trips and traps it is

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

Combination pro

a good method of growing distribution outlets for your products. Most business exe

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

cutives would agree that there are way too many ridiculous laws on the books and fra

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

nchising being as it is highly regulated does not make things easy.

With companies

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

like Boston Market and Krispy Kreme's pushing the envelope on acceptable franchising

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

business practices some believe this is causing Big Brother an excuse to add more l

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

aws to the franchising community. For those business executives who are willing to a

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

Following aspects would a

dmit this publicly I say to you; Oh I hear you, but also what if there were no laws

dd to the challenges in developing combination products:

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

for franchising then the franchise buyers would be much more leary and ask a hell of

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

a lot more questions and less people would get burned. Thus there would be a need f

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

or fewer laws not more.

Also the laws now allow many of the largest franchisors a f

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

ree-pass from registration and many of those you are just buying yourself a job. Fra

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

Professional from academic institutions, pharmaceutical industries, health care indust

nchising formats and business models really seem to be more like leasing a business

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

and yet they have developed parallel laws to SEC investments, it simply is a differe

.

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

nt animal entirely. Perhaps we should consider all these points in 2006 when discuss

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

Companies that provide selfless information through particip

ing franchising as a viable option to expand your company and grow your market share

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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A small business faces one or the other dilemma because of its limited resources and capital. At particular stages of growth, you may require an extra hand but find that your cost factor is restricting. You might think of hiring a contractor instead. Whether to hire a new employee or an independent contractor is an important business decision.

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