Tags |
|
|
Links |
|
|
Main Subject - Get More Focused and Get More Business
As a business owner, you’ve got a lot going on. Sometimes it’s hard to know what your top priorities are and where to put your focus
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
. And since there are only so many minutes in a day, you need to find the best way to utilize your time so you can grow your busines
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
.
Figuring out what your priorities are, and then focusing on them, will require an investment of time. I know, you don’t have any
Figuring out what your priorities are, and then focusing on them, will require an investment of time. I know, you don’t have any
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
xtra time and that’s the whole problem. The fact is, nothing will change until you decide to do things differently. If you keep goi
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
g the way you have been, you’ll stay lost about what is most important to your business and therefore won’t be able to focus your eff
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
orts.
You see, you do have a choice about how you spend your time. You can make the decision to use your time to think about what i
You see, you do have a choice about how you spend your time. You can make the decision to use your time to think about what i
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
most important for your business (prioritizing) and then choose to devote your time (focus) on those things.
Stephen Covey made a g
Stephen Covey made a g
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
od point when he said, “The key is not to prioritize what's on your schedule, but to schedule your priorities.”
There’s no time like
There’s no time like
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
the present, ready to get started? Why not stop what you are doing right now and identify your business goals. Focus on goals that
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
are connected to the profitability of your business, goals that are close to the money.
Talking through your thoughts is a great way
Talking through your thoughts is a great way
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
to get begin. You can do this by writing down your thought process, talking out loud to yourself, or better yet talking it through w
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
th someone you trust. Once you’ve written down all of your business goals, prioritize your list with the intention of selecting the
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
op three goals.
Next to each of your top three goals, write down the things you are doing to reach every goal and how much time you
Next to each of your top three goals, write down the things you are doing to reach every goal and how much time you
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
are spending actually focused on those things. Sounds simple, I know, and sometimes we make things more complicated than they need t
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
be.
Keep this list somewhere you can see it. Better yet, memorize it. Start a new habit of stopping to think before you begin doi
Keep this list somewhere you can see it. Better yet, memorize it. Start a new habit of stopping to think before you begin doi
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
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
g something and ask yourself this question: “Will this action move me closer to my business goals?”
Here’s another way to think abou
Here’s another way to think abou
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
priorities and focus from Tony Robbins, “It's not what's happening to you now or what has happened in your past that determines who
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
you become. Rather, it's your decisions about what to focus on, what things mean to you, and what you're going to do about them that
.
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
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
ill determine your ultimate destiny.”
The point is this, the more time you invest in analyzing what the most important activities ar
The point is this, the more time you invest in analyzing what the most important activities ar
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
for your business and then planning how you will focus on them - the more profitable your business will be!
(c) Stephanie Ward, 200
(c) Stephanie Ward, 200
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.mainsubjects.org.ua/article/27211/mainsubjects-Get-More-Focused-and-Get-More-Business.html">Get More Focused and Get More Business</a>
BB link (for phorums):
[url=http://www.mainsubjects.org.ua/article/27211/mainsubjects-Get-More-Focused-and-Get-More-Business.html]Get More Focused and Get More Business[/url]
Related Articles:
Buying Jewelry For Your Business Part 1: Buying Gold Jewelry
CD Replication or CD Duplication?
Bookmark it:
|