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  • Main Subject - How To Make The Most of Holiday Networking Opportunities

    Tis the season...for holiday parties, seasonal festivities, spending time with loved ones, and catching up with old friends.

    It's also a great time to show your customers how much you appreciate them,
    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 to begin building bonds with new customers for the New Year. Even if you're strapped for cash after all that holiday shopping, you can still do some low-cost or no-cost seasonal networking that will
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    kick-start your business for next year.

    Here are some ideas to help you make the most of your holiday networking opportunities:

    Attend holiday get-togethers hosted by vendors. Many people in yo
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    ur day-to-day life--dentists, chiropractors, shipping and mailbox stores (FedEx/Kinkos, UPS Store), sign shops, real estate agents--have a Holiday Open House, and it's a good place to see and be seen. T
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    e idea, however, isn't to "sell, sell, sell," but to enjoy and share in the holiday spirit with interesting people you might not otherwise meet. So dress in your holiday best, grab a handful of business
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    cards, put on a happy face, and get out and mingle.

    When people ask what you do, hand them your business card, give them your 30-second elevator pitch, then turn the conversation back to them. People
    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
    ove to talk about themselves, so be a good listener, show your interest, and ask them for their business card too. A couple of weeks after the New Year, you can send a short note enclosing two of your b
    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
    usiness cards, saying how much you enjoyed meeting them and look forward to doing business with them in the near future.

    Send e-mail greeting cards to your best customers. Many well-known compan
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    es like Hallmark and American Greetings offer free e-cards that you can send by e-mail to anyone in the world. The reason you only want to send e-cards to your best customers is two-fold: 1) it's time-c
    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
    onsuming to pick out just the right card and customize it with your own personal greeting, and 2) many people won't bother opening e-mail if they don't immediately recognize the sender's name. Your regu
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    ar customers will remember you for your thoughtful gesture.

    Send an end-of-year newsletter or e-mail to your entire contact list. Thank your customers for their past business and tell the
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    how much you look forward to their continued patronage in the upcoming year. Offer them a dollars-off coupon or a two-for-one special "good for a limited time only" as a thank-you. This keeps you on th
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    eir radar screen and provides incentive for them to buy from you in the near future.

    Collaborate with another business owner to host your own holiday party. The advantages of sharing an Open Hou
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    e celebration include: cutting your expenses in half while doubling your exposure to the marketplace, building good will in the community, and letting potential clients get to know you, which builds tru
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    st and credibility. If you're a shy person, team up with an outgoing type who will take the hostessing pressure off you. If you're an outgoing person, team up with a shy partner who will gladly let 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
    o the entertaining. It's a win-win situation!

    Collect toys for a children's hospital, or coats and winter garments for a woman's shelter, or books and magazines to donate to a nursing home. If y
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    ou work from home, ask a neighborhood store owner if you can set up a festively decorated donation box in their shop to collect goods for the underserved and less fortunate in your community. A few days
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    before the holiday, you and the store owner (if they want to participate), can drop off your donations at the hospital or shelter or nursing facility. This not only spreads good will to those who might
    .

    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
    not find much joy in the season, it also heightens your visibility in the community as someone who cares enough to get involved. What better time than the holidays to let your inner light shine and prov
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    de warmth and comfort to others in need.

    Sharing and caring are what the holidays are all about. Share yourself this holiday season and watch the magic unfold as the New Year rings in new opportunities


    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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