Main Subject - Business

Absolutely the best business/life decision I've made in the past few years was to start ha

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

nging out with people who are smarter than me.

It's like Proverbs 13:20, “Whoever walks

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

Examples of combination products may in

ith the wise becomes wise, but the companion of fools will suffer harm.”

If you want to make

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

a name for yourself, you must make friends, hang out with and learn from other people who hav

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 already made a name for themselves.

Here is the process I’ve been following for years:

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

Combination pro

STEP ONE: Initial Contact
Call or email someone you’d like to glean valuable advice

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

from. Introduce yourself. If you have a mutual friend or contact, say that immediately. Ex

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

plain to the person that you’re “young” (in age, job, career, etc.) and would greatly appreci

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

te the opportunity to pick their brain. Suggest a breakfast or lunch meeting.

STEP TWO:

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

nitial Meeting
Look sharp, arrive early and be prepared. Bring something to take no

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

es with and any relevant items you’d like to share with your wise friend. Have a list of que

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

Following aspects would a

stions prepared. Shut up and listen. Take notes furiously. And when the check comes, insis

dd to the challenges in developing combination products:

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

on paying.

STEP THREE: Thank You
The minute you get back to your office, write

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

thank you note either via email or handwritten. (Handwritten is better.) Promise to keep y

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

our wise friend updated on your progress.

STEP FOUR: Progress Report
On a freque

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

t, yet not too annoying basis, call/email the person with an update on your progress. Be sur

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

Professional from academic institutions, pharmaceutical industries, health care indust

to tell he or she which pieces of their advice you actually used. If by using that advice y

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

ou’ve won an award, made a sale or received any kind of visual representation of success, sen

.

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

them a copy.

LET ME ASK YA THIS...
Do you walk with the wise?

LET ME SUGGES

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

Companies that provide selfless information through particip

THIS...
Contact five new wise people in the next month. Let me know what you learn

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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There are a lot of ways to make money from home paid to read emails paid to do surveys. even get paid to play games online which is getting quite popular. These ways are all good ways to get money but they are not ways to make a stable income.

Use these 30 resources for business networking both online and in your own backyard!

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Main Subject - Walk with the Wise

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