Main Subject - Business

Is your networking group inclusive and interesting, or dull and demotivating? Would you be better off at Starbucks with a mixed bunch of entrepreneurs?

We are all supposed to get 'out there' and 'network'. Cue collective gr

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

oaning, and creative avoidance techniques to avoid the tension inducing prospect that is networking. I sympathise, really, even having run a really enjoyable networking group myself, I am not blind to the pitfalls.

Even if

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

Examples of combination products may in

you have managed to find the group that perfectly suits you, and more importantly, your business aims, it is likely that you sometimes suffer from post networking stress syndrome. Was it worth it? Why do I talk to the same p

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

ople each time? Is it worth the effort?

Time to act. Why do you network?

To find new customers?
To engineer meetings with decision makers?
To listen to the experiences of others in

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

business or starting up?

To enjoy some social contact with other business people?

To raise your profile?

If you answered yes to 1) and 2), and no to the others, you probably need to rethink

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

Combination pro

Of course, it is possible to pick up business, if you regularly talk to the same people and they come to know you as a potential supplier, or advisor. However, if you spend a lot of time networking, perhaps using this as yo

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

ur main new business activity, you could be neglecting other key issues.

Make sure you are paying attention to the other elements of your marketing and promotion too. List all of the things that you do now to get new

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

business, the time you have spent on them, and the results so far. Of course, you need a combination to ensure a steady stream of new clients, and repeat business from existing clients, but you will be able to see if you ar

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

spending valuable hours networking, with not much to show in terms of a return.

Your time is valuable, you know this, and you hear it from every business adviser you encounter, but it is absolutely true. Two hours s

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

pent catching up with nice folk you see twice a month, (plus travel time) might make you feel like you are working on the business, but examine the evidence, before you sign up for any more meetings.

If you answered yes to

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

ny, or all of 3, 4 and 5 - you are on the right track. Relax and let yourself listen, instead of trying to impress everyone, and a women's networking group can enrich your life. Of course, there will be women who are only

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

Following aspects would a

intent on selling themselves, (figuratively speaking!). I have to admit, alarm bells tend to chime when I hear NLP in a conversation (really, is it not common sense??) The trick is, to use the usually friendly environment t

dd to the challenges in developing combination products:

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

hat a female networking event provides, to hone your communication skills and talk about your business. Volunteer to present your 30 second pitch if offered, and ask for feedback.

Finding networking groups for women:

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

There are now literally hundreds of groups around the country, appealing to City business women, and those in rural areas.

Here are a few regional organisations that would be a good place to start, ask about groups in your

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

area.

UK wide
Women at Work - http://www.womenatwork.co.uk/
The Women's Company - www.thewomenscompany.com
Women Working 4 Women - http://www.womenworking4women.co.uk/
One Woman Business - www.on

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

womanbusiness.co.uk
Everywoman - www.everywoman.co.uk

London/South
The Womens Networking Company - www.thewomensnetworkingcompany.com
Aurora - www.auroravoice.com/
Women in Business - http://www.w

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

Professional from academic institutions, pharmaceutical industries, health care indust

ib-org.uk/

Midlands
FATIMA Women's Network - http://www.fatima-network.com
Women involved in Successful Enterprise WiiSE - www.derbyshirechamber.com/cms/9.html

West
Business Support Network

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

www.businesssupportnetwork.com

East
Women on Top - www.women-on-top.co.uk

North West
Women's Business Network - www.wbn.org.uk
Winning Women - www.winningwomen.co.uk

North East
Wom

.

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

n into the Network - www.networkingwomen.co.uk

Northern Ireland
Women in Business Network - http://www.womeninbusinessnetwork.org.uk/

Republic of Ireland
Network Ireland - www.networkireland.ie

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

Companies that provide selfless information through particip

Scotland
Scottish Business Women www.scottishbusinesswomen.co.uk

Wales
Vale Womens Business Network www.vwbn.org.uk

International
Commonwealth Business Women's Network http://www.cbwn.ne

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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