Main Subject - Business

As the former Founder of The Oil Change Guys, a mobile oil change franchise syst

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

em I get emails all the time where folks ask me questions about the industry. So

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

Examples of combination products may in

, often many folks wish to go into business for themselves and figure that perha

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

s they might ask my advice on a given topic.

Currently we do not offer 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

es to the public, but if you are looking for such, you might search the Internet

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

Combination pro

for "Mobile Oil Change Franchises" or "Mobile Oil Change Business Opportunities"

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

. Now then what sorts of questions do people as the most? Well they ask about; M

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

obile Oil Changing and Price Point Perspectives.

Regarding your concern on pric

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

ng? Well, we are low-cost extremely high-volume players. We are not the only one

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

s like that in the market there are many such competitors like this that you mus

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

compete with. Of course you, as a start-up entrepreneur will need to be strict

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

Following aspects would a

with your target markets if you wish to charge more than the going rate.

Rememb

dd to the challenges in developing combination products:

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

er Wal-Mart is alive and well and charges $12.95 for oil changes. So the market

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

s changing and efficiency rules the day if you are competing at the consumer lev

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

el then you need to be thinking here. Generally our teams are 80% fleet and 20%

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

orporate employees at larger employers. So, perhaps this answers your most perti

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

Professional from academic institutions, pharmaceutical industries, health care indust

nent questions?

No matter how much automobile preventative maintenance experien

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

ce you have, you must understand that mobile oil changing is hard work and the p

.

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

ofit margins get tight with low-cost so if you cannot do high-volumes then you n

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

Companies that provide selfless information through particip

eed to re-think your marketing plan. I hope this article propels thought in 2008

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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So you want to tap into the Minneapolis, MN Medical Device industry, aka 'Medical Alley'? Although this is a huge and rapidly growing industry, it seems impossible to tap into unless you already have medical device experience! As a Technical Recruiter, I have actually had great success placing folks into medical device companies who had little or no medical device experience at all! How did I do it? I would be lying if I said it was easy, but then again, I would be lying if I said it was hard! It seems to me that the number one most important skill that medical device companies look for is folks with strong experience in a HIGHLY REGULATED INDUSTRY!

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