Main Subject - Business

Just recently I had the privilege of interviewing Larry James from Scottsdale Arizona for The National Networker maga

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

zine. Larry has been networking with others for years and he takes networking very seriously. According to Larry, mos

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

Examples of combination products may in

people think that collecting cards is what it is all about. The interesting fact is that most people think networkin

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

events are places to prospect for customers. Larry and I both agree that collecting cards and prospecting are the la

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

t things you want to do when networking.

Networking is where you use your talents to help others achieve their goals

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

Combination pro

Now you may wonder what is in it for you - you attended the event to get business, right? Perhaps I could state this

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

in another way. If you network by helping others, then you will be known as someone that genuinely wants to see other

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

s succeed. The business you gain from doing this is not likely to come from the same person but it will come back to

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

ou in the future.

You have probably heard the saying, "The more you give, the more you get". When you are networking

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

this is more than true. If you have helped someone achieve their goals, do you not think they will tell others about

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

what you did for them? I would hope they would tell everyone they know. And who knows if one of their contacts might

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

Following aspects would a

ant to do business with you. You never know where your next sale may come from.

When you attend networking events, y

dd to the challenges in developing combination products:

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

u are cultivating a network of people (hopefully you do this strategically) to help you achieve your goals. Larry sta

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

es, "Networking is using your creative talents to help others achieve their goals through the cultivation of a networ

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

k of people in a strategic position that use their creative talents to help you achieve your goals AND expecting noth

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

ng in return".

In other words, if you give a lead to someone, do not expect one in return. Give the lead because it

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

Professional from academic institutions, pharmaceutical industries, health care indust

elps that individual. Do not start getting into a snit becacue they did not return the favor. Your lead will likely c

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

me from another source. Larry states, "Give and give and it will come back to you in the future". I know this works,

.

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

have had many experiences that prove this idea without a doubt. If you would like to see some of Larry James work vi

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

Companies that provide selfless information through particip

it his website www.authorsandspeakersnetwork.com

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

It is a well-documented fact that at least 2 out of every 5 applications contain one major fabrication. What the employer doesn't know can, and almost certainly will, have a tremendous impact on that organization!

You might wonder why so many people around you resort to working from home and participating in paid programs online. Reality is that more and more people are recruited each year to participate in paid survey programs, focus groups, or become mystery shoppers and freelancers. Why?

Printing a brochure is often the first thing you do as a service provider. But do you really need a brochure? Is there a better way to spend your marketing budget? And if you really do need a brochure, what should you put in it, and how should you use it? This article gives you the answers.

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Main Subject - What Networking is REALLY About

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