Main Subject - Business

Non-profit organizations need funding for a variety of reasons, from hosting an event to providing services to paying staff sa

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

laries, just like their for-profit counterparts. The bigger organizations can afford to employ a Director of Development and

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

Examples of combination products may in

undraising staff, but what about the grassroots guys? Usually, their President wears all of the hats, often relying on volunt

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

eers to fill in the gaps. And fundraising is often the least favorite role. Here are my favorite five tips for raising funds

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

quickly and painlessly.

1. Hire a freelance grant writer. Ok, I have to admit that I am a freelance grant writer, but ask an

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

Combination pro

of my clients– I’ve more than earned my keep. And you can find a good freelancer wherever your organization is located who c

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

an keep the grants flowing so you can focus on other things. It may seem like an expense that you can’t afford at first, but

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

hen you factor in all of the time spent seeking grant opportunities, keeping track of deadlines, filling out applications and

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

reports, and doing budgets, you’ll find that a freelancer should pay for herself many times over.

2. Write an organization ne

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

sletter. In the electronic age, this can be an e-newsletter, costing you nothing to send and capturing those all-important em

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

il addresses. A printed newsletter is a great benefit in a membership campaign, too – you can mail these out and get extras t

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

Following aspects would a

o hand out at events.

3. Gather every email address you can. Make sure that you have email address spaces on your sign-up sh

dd to the challenges in developing combination products:

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

ets, applications, payment forms, everywhere you can think of that applies to your organization. Then turn those addresses in

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

to money by sending e-notices of performances, requests for donations, newsletters, emergency appeals – all with no printing o

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

mailing costs.

4. Send a reply envelope. Always include a reply envelope with every correspondence. It is relatively cheap

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

to print bulk amounts of these envelopes, and they greatly increase the amount of donations sent in. Also keep a big supply o

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

Professional from academic institutions, pharmaceutical industries, health care indust

f these on hand at events.

5. Use the media. Send in announcements of anything and everything to the local newspaper, radio

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

how, even magazines specific to your field. Your local newspaper will print calendar notices if sent in by their deadlines, a

.

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

nd may print announcements such as new address, personnel changes, honors, volunteer spotlights – anything that gets your orga

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

Companies that provide selfless information through particip

ization a blurb with contact information is great!

These quick and easy tips can turn around your finances today, so get busy

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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Trying to find the best newsletters or magazines to place classified ads can be a daunting task. By far the best place to run classified ads is in those places your potential customers are looking for the kind of classified ad you are running.

Every potential employee at one point or another has stressed over just what to ask in their job interview, right? Well, they're right to feel that way.

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