Main Subject - Business

Wait a minutes, you may be thinking. Why should I network when I don’t need to? Think about it this way. When d

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 you NEED to network? Often it’s when you’re out of a job or when you’re looking for business. But if you wait

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

Examples of combination products may in

till then, it may be too late.

Why? Because the most effective networks are those where the people who know 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.

have a high level of trust in you and understand your needs. You can’t get this level of interconnection through

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

a brief connection at a meeting, conference, etc. You get this kind of connection through on-going, mutually rein

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

Combination pro

forcing contacts between you and others.

Let me bring this down to an experiential level. I regularly attend a l

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

ocal meeting of people in my profession. I have built up a long list of contacts, most of which are not related 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

o my business. But if I ever need to call on these folks, they know me and what I do.

We recently had folks show

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

up from a company that had never had attendees there before. I hoped that it was the sign of enlightenment by th

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

e company that they were now supporting our profession. Instead, they soon announced they were shutting down thei

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

local facility. So when their employees found out they were about to be unemployed, they decided to start attend

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

Following aspects would a

ing meetings.

Now I’m not saying that attending now is a bad idea, but think about how much more responsive other

dd to the challenges in developing combination products:

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

s in the group would likely be if they had known these new attendees for a while.

If your own company needed to h

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

ire someone, would you be willing to recommend/refer someone you just met, and who has not been attending meetings

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

of your profession? Or would you be more likely to recommend/refer someone who you’d come to know over a few mon

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

ths or years?

I know … the soccer games … the ballet lessons … etc. Everyone has excuses. But keep in mind that

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

Professional from academic institutions, pharmaceutical industries, health care indust

all of these are choices, just as is whether or not to network. A short-term view says “forget it … it takes tim

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

e and I won’t get much out of it.” The long-term view realizes that our connections with others are one of the mo

.

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

st effective ways to maintain a healthy life, and career. If the only people you’re networking are in your own co

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

Companies that provide selfless information through particip

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.mainsubjects.org.ua/article/31794/mainsubjects-When-to-Network-When-You-Dont-Need-To.html">When to Network? When You Don't Need To!</a>

BB link (for phorums):
[url=http://www.mainsubjects.org.ua/article/31794/mainsubjects-When-to-Network-When-You-Dont-Need-To.html]When to Network? When You Don't Need To![/url]

Procurement consulting can be done on the Internet and many other companies provide consultation services for a fee. These consultants are usually experts in economics or related fields that can study, understand, and even predict the market trends. This makes them useful in the long term because they are capable of cutting costs for the company by providing legal and financial advice.

Small or large businesses can benefit from a creative ad that incorporates a good headline.

Very few businesses can claim to be prepared for the loss of key employees. Quite often it is an unexpected and unplanned for event that causes quite a bit of disruption to 'business as usual'. What can you do to prepare yourself?

Tags

Links

Main Subject - When to Network? When You Don't Need To!

Related Articles: