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Main Subject - Develop a Who's Who in Your Network
You’ve heard the saying, its not what you know, but who you know. In business, this statement could not be truer. Getting to people wh
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
o can influence and get results in your network is essential towards your success.
Getting people “in the know” as they say can help
Getting people “in the know” as they say can help
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
your business to grow quickly. These people in this business are the proverbial net of contacts that are part of your select group tha
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
t helps you.
Many of these people are influential in the community in some way, and you should make sure you guard them away from peo
Many of these people are influential in the community in some way, and you should make sure you guard them away from peo
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
le you do not trust. These are people you should touch base with regularly to get feedback and information on happenings in the busine
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ss world. Also, volunteer to help these people to get what they need. A lot is said for those who unselfishly give to influencers. Don
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
’t always try to get pay back from them immediately. Trust me, they will remember that you helped them and will slowly welcome you 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
their family in due time.
Your who’s who network should include varying type of personalities and backgrounds. These can be high-rank
Your who’s who network should include varying type of personalities and backgrounds. These can be high-rank
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ng government officials to a lowly paid connector. Never miss an opportunity to get information, resources and people on your side. I
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
have heard people state that using people is wrong. That’s an untrue statement in my eyes. Using people is fine, but “abusing” people
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
are the problem. Use your network to help you to build your business, just make sure its both ways. If you are using people in a fashi
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
on that everybody wins, then that cannot be a bad thing.
Beware of the “sharks”. Sharks are those people who come into your life to t
Beware of the “sharks”. Sharks are those people who come into your life to t
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ke and take and take. Their bane existence is one that can absolutely ruin your credibility if you are not careful. Do not introduce t
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
hese people to your who’s who network. Once in, they will spread through your entire network like a virus. I have found that the way y
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ou treat your network is how they will treat you.
The common denominator amongst the who’s who network is that they are great at gett
The common denominator amongst the who’s who network is that they are great at gett
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
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
ing useful information that benefits them. To bring value to them, you must become proficient at getting useful information that may b
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
nefit them. In turn, the same will be bestowed unto you. It’s a simple yet effective concept.
Your who’s who contacts are regular peo
Your who’s who contacts are regular peo
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ple too. It’s not always about money with them. These people will do what ever they can to help you, and just want your respect and he
.
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
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
lp when you can. Developing a quality list can take time as “eagles never fly together, instead, you find them one at a time.” Constan
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
tly work at finding these people for your network and build the network as you would a house. Solid foundation and with strong columns
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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