| Main Subject |
Hubs | Hubbers | Topics | Request |
| #1 in Business | Subscribe Email Print |
|
You are here: Home > Business > Marketing Direct > Hurricanes and Direct Marketing Campaign Issues |
|
Main Subject - Hurricanes and Direct Marketing Campaign Issues
If your business relies on direct marketing campaigns and uses such co 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 mpanies as Money Mailer to send out coupons you may find yourself in 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 world of hurt during times of catastrophic hurricanes, which hit nearb lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. y regions. This is because the mail bunches up and your customers are here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe not home and many have evacuated and all that mail just gets thrown ou d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro t. Most of those coupons never did get in the hands of your potential 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 new customers. This can be a devastating blow to a small business alm 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 ost as much as if the location itself were flooded end-to-end with flo nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically d damage from the hurricane. The United States Post Office says 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 it delivers Rain or shine and for the most part that is true, but when ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi the mail backs up and the roads are flooded much of the mail cannot be ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a delivered and many of those coupons fall by the wayside or those comp dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod nies who mail out coupons decide not to bother to do them because they cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin cannot get enough small businesses to advertise after a major storm. tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen There is really no easy way around this issue, except to know that you 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 will need alternative marketing strategies during these time periods ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust f rebuilding after large hurricanes like we saw during the 2005 Atlant y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products ic tropical hurricane season. It is best to plan ahead and perhaps us . 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 alternate means of marketing or have them available in case your regi elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip on is hit by a large hurricane. I hope you will consider this in 2006 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):
Related Articles:The Single Most Important Advice for the Candidate Beginning a Job Search! The Four Myths of Crisis Management Signs of Growing Up - What's in Your Media Mix?
|