Main Subject - Business

Guess what? China is now the third largest trade partner of the USA. Importing from China is

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

only going to become more and more common as China opens its arms to international trade.

He

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

Examples of combination products may in

re are some tips to make sure you get off to a good start!

Tip #1: Before you do anything el

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

e, check up on import restrictions for the product you want to import.

Tip #2: Carry out a b

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

it of quick research on the wholesaler supplier.

* Visit China Vista Yellow Pages and search

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

Combination pro

for the business name. http://www.chinavista.com/business/directory/home.html

* If your whol

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

esaler is located in Wehai, you can check the Chinese Companies List:

http://www.business-in

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

asia.com/chinese_companies_list.html

Tip #3: Ask the supplier whether they attend trade show

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

s. If yes, it’s usually a good indication that they are legitimate. Trade shows require a mo

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

etary investment – making it unlikely that bogus operations will be present! However, if they

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

say that they don’t attend trade shows, it doesn’t necessarily mean they are a fraud.

Tip #

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

Following aspects would a

4: Make sure you put all important details are in writing. It’s critical that a breakdown in

dd to the challenges in developing combination products:

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

ialogue is prevented. And if it should occur, having everything documented will help trace th

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

e point of breakdown.

Tip #5: If you are moving into large-scale importing, invest time and

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

oney on a few trips to China to see the suppliers/manufacturers/agents that you feel you want

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

to work with.

Tip #6: Be prepared to deal with people who have a completely different attit

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

Professional from academic institutions, pharmaceutical industries, health care indust

de towards business than you. They will have their own customs and local particularities – d

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

on’t get annoyed if they do things differently to your local suppliers.

Read up on Chinese c

.

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

lture and learn a few Chinese words! This is a good way of showing you respect their culture

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

Companies that provide selfless information through particip

and that you are genuinely interested in building a mutually beneficial business relationship

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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Sam Zell, multibillionaire founder of Equity Residential (EQR) has approached the sale of his business the right way. Sellers of privately held businesses can learn a great deal from his approach. This article explores his process.

Models of organizations design are used in order to help businesses improve their products and services and enlarge profits.

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