Main Subject - Business

Did you know that business networking and growing your business go hand-in-hand? Let me share with you

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

how you can use business networking to grow your business.

There are basically two-ways that you can c

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

Examples of combination products may in

nduct business networking. The first is online and the second is off-line. Regardless of which way you

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

hoose, make sure to at least incorporate the other way into your business also.

For example, there 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

many Yahoo groups that have a focus of meeting the needs of entrepreneurs and helping them to grow the

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

Combination pro

r business. Below is a list of a few Yahoo groups for entrepreneurs. Check them out and then come back

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

ere to post your feedback about the groups (I do not guarantee the results that you will receive with t

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

hese groups).

Small Biz Startups(membership not required)
The Entrepreneurial Grou

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

(membership not required)

Minority Small Business Forum (membership required)

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

ease keep in mind that these online groups generate a lot of email and if you do not like to receive a

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

ot of email, remember to put yourself in digest mode (you will receive a couple of emails daily with a

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

Following aspects would a

list of all the emails that have been distributed to the group). Other type of online networking groups

dd to the challenges in developing combination products:

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

consist of…

LinkedIn.com
Ryze.com
OpenBC.com

Now if offline

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

networking is your cup of tea, then you will want to join groups that encourage your to grow your busin

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

ess while finding business partners that you can network with. When searching for an offline networking

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

group, below are a few things that you need to keep in mind as you finalize your decision about a group

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

Professional from academic institutions, pharmaceutical industries, health care indust

What type of geographical group do you need to join (local, regional or state-wide)?

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

What type of demographics do you need the group to have (gender specific, income specific, etc.)

.

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

How large do you need the group to be?

Do you need the group to be in your industry or

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

Companies that provide selfless information through particip

can it contain a variety of industries?

Is there room for growth within the group?

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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BB link (for phorums):
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The Yellow Pages represents the first foray into advertising for many small businesses. And for good reason: a Yellow Pages ad is accessible all day, every day, to people who are ready to buy.

Diversity at work place has become an essential issue for discussion in many large companies.

Money makes the world go ‘round. And when it comes to meeting planning, money can probably get you whatever you want. However, few event planners have the luxury of an unlimited budget. Your boss ...

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Main Subject - Business Networking & Growing Your Business

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