Main Subject - Business

Did you know that business executives spend about half their time sitting in meetings? In fact, 40 to 50 percent of their working hours are consumed by meetings, according to a study

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

by the Annenberg School of Communications at UCLA and the University of Minnesota's Training & Development Research Center.

Meetings are inevitable - whether you’re a business executi

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

Examples of combination products may in

ve or member of a volunteer, social, or civic organization. But meetings can be a very effective and efficient way to communicate, if properly planned and conducted. To help you pull

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

off successful meetings, below are some key strategies to follow. You may only need to address a few of them, if you’re conducting an informal meeting. For a meeting with major conse

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

quences, you should give all or most of these areas careful consideration.

Prior to the Meeting

First, you’ll need to define the purpose of the meeting and develop an agenda with the

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

Combination pro

cooperation of the key participants. Then distribute the agenda and circulate background material, lengthy documents or articles ahead of time. This will make participants feel prepa

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

red, involved and up-to-date, so they can be ready to make valuable contributions to the meeting.

Next, choose an appropriate time for everyone to assemble. It’s also important to set

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

a time limit and stick to it, as much as possible. Participants have other commitments and will be more likely to attend meetings if you make them as productive, predictable and shor

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

t as possible.

If possible, set up the room so attendees can face each other in a circle, semi-circle - or U-shaped rows for large groups. The location you choose should comfortably s

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

uit your group's size. Rooms that are too small can get stuffy and create tension; a larger room is more comfortable and encourages individual expression.

During the Meeting

Greet a

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

ttendees and make them feel welcome, even latecomers when appropriate. If possible, serve light refreshments to help break the ice and make everyone feel comfortable.

Begin the meetin

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

Following aspects would a

g on time, so you can end on time. Start by reviewing the agenda and setting priorities for the meeting. Stick closely to the agenda, but also encourage group discussion to collect al

dd to the challenges in developing combination products:

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

l points of view. Keep the conversation focused on the topic, and don’t hesitate to ask for only constructive and original comments.

Tactfully end discussions when they’re going nowhe

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

re or become too touchy. As a leader, set a good example by listening attentively and showing appreciation for participants’ input.

Keep minutes of the meeting for future reference in

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

case a question or problem arises. Summarize any agreements reached and end the meeting on a positive note. For example, have participants volunteer to share their views on what good

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

ideas or positive developments they feel resulted from the meeting. And before everyone leaves, don’t forget to set a date, time and place for the next meeting.

After the Meeting

B

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

Professional from academic institutions, pharmaceutical industries, health care indust

e sure to transcribe and distribute minutes of the meeting within three or four days. This will help reinforce the importance of the meeting and give participants a clear and accurate

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

record of what took place. Follow up on any delegation decisions and ensure that all participants understand and carry out their responsibilities. Give recognition and appreciation to

.

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

excellent and timely progress. And put any unfinished business on the agenda for the next meeting.

You should also periodically evaluate meetings and work on any areas that need imp

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

Companies that provide selfless information through particip

roving. Remember, meetings that are effectively planned - from start to finish - can leave participants with a sense of accomplishment and enhance your organization’s overall success.

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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If airline travel to Denver is in your near future, you might be considering using a Denver airport shuttle service to get you to and from the airport to your home, hotel,

Outsourcing is successful in increasing product quality and substantially lowering firm and consumer costs. Because outsourcing allows for lower costs, even if quality reduces slightly or not at all, productivity increases, which benefits the economy in aggregate.

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