Main Subject - Business

Are you thinking about starting an organization but don’t know what to do first? Or are you alr

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

eady the director of a group looking to expand your membership? If you’re interested in experie

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

Examples of combination products may in

cing long-term growth and sustainability, apply these five principles to make your group excell

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

nt.

1. Leadership List - Everything rises and falls on leadership. Regardless of our talents o

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

skill set, one person cannot do it all. The first step to creating or re-building any organiza

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

Combination pro

ion is to establish a strong board of directors. Recruit, volunteer, solicit or even beg for he

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

p - but getting a capable group of people together on your board is a must. The aptitudes of ea

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

ch board member need to match the list of responsibilities needed by your group.

2. Enthusiasm

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

Excitement, and Extraordinary Events - An enthusiastic board produces excitement for the organ

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

zation. Each meeting should be crafted as a must-attend event. Often times, women write meeting

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

in their calendar and attend if nothing better comes up. Doing something different every time

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

Following aspects would a

nsures that your meeting is the one that won’t be missed.

3. Ask! - Determine what your member

dd to the challenges in developing combination products:

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

hip wants by asking. Answering the following questions is important. Why did they join? What do

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

they expect to get from the group? How will they measure their expectations? Create many venues

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

to solicit information - e-surveys, written questionnaires and verbal solicitation - to ensure

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

the needs of your members are being met.

4. What’s In It For Me? - People want to know. Spell

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

Professional from academic institutions, pharmaceutical industries, health care indust

ut the specific benefits of being a member at every meeting. Give members countless opportuniti

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

s to highlight their businesses and network with others.

5. Make Necessary Changes - Too often

.

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

organizations become mired in “we’ve always done it that way” thinking. If something isn’t wor

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

Companies that provide selfless information through particip

ing, be flexible enough to make the necessary changes that will keep your membership interested

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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Don’t compare yourself to others, set your own standards. Accept yourself. Believe in yourself. Trust in God. He has a special plan just for you. Believe it and act on it each day of your life.

Of course, business cards are not online advertising. The fact that you can target your business cards to the people who are most likely to have some positive impact on your business improves your rate of return significantly. And assuming that your cards are good and your distribution is appropriate, you can think in terms of ten to twenty cards for a return-a great improvement on two thousand for one! However good your distribution and your card, though, the number of cards you should print will depend on the nature of your business. In general, two rules are important to keep in mind: • The more dependent your business is on clients and referrals, the more business cards you should print. • The more money you make per referral, the more business cards you should print. In order to understand the first rule, consider the different promotional challenges faced by different types of businesses. Take, for ....

Treat all event, seminar and workshop enquiries with the upmost importance. Customers want to feel special. Attend to their needs in an efficient and effective manner.

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