Main Subject - Business

Think out side of the box when it comes to fundraising. The old traditional ways to f

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

undraise were great for your grandmother but now is the time to look for change. We a

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

Examples of combination products may in

re living in a face paced and dynamic society that expects a lot of fun, glitz and gla

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

mour with every thing they do. This includes fundraising. Look for ways to shake up

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

the old school and turn out a new hip and exciting fundraising campaign.

Ask your loc

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

Combination pro

l teens to help. Contact the head administrator of your local high schools and explai

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

n your idea. Get the administrator to add in some motivation for the students by appl

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

ying credit to volunteering or offering a ditch day at a local fun spot for kids. You

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

r kids will be thrilled to help if they know that next month they get to spend the day

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

at the water park instead of at the desk.

Look for free venues. If you live ocean s

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

de the beach is a great place to start. If you are in the mountains look for a local

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

Following aspects would a

park or reserve that can stand as your venue. There are a lot of ways to think creati

dd to the challenges in developing combination products:

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

vely when it comes to venue. Where would you like to go on a Saturday? Take your own

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

desires and turn them into creative fundraising.

Dig out your old game of Clue and l

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

ook for that for inspiration. Create a murder mystery party or some other type of sle

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

thing event. Your participants will have a great time playing while you are raising f

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

Professional from academic institutions, pharmaceutical industries, health care indust

unds. Just be sure to take your time in planning. You want to be sure that all your

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

I’s are dotted and T’s are crossed before you begin.

Take some time up front to draft

.

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

a well written creative fund raising letter. Then solicit to large corporations and

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

Companies that provide selfless information through particip

retailers in your area. Do not be afraid of no, it is only a word just keep on asking

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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