Main Subject - Business

It is important for you to join at least one service club in your area to help your small bus

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

iness in the community. It might be wise to get with other small businesses which are friends

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

Examples of combination products may in

and figure out how each of you can join a different service club to maximize your word of mou

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

th referral base in the community.

If you are a franchised business, then meet with some of

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

our nearest franchisee businesses of your system. If your neighboring franchisees belong to c

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

Combination pro

ertain groups, you should belong to a group, which they do not. For instance, if one belongs

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

to the Rotary, another to Kiwanis and a third to the Optimist Club, you should join the Elks,

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

Lions or be on the board of directors for the Future Foundation, hospice, YMCA, Boy Scouts o

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

city run committees.

Most service clubs work on big projects with their local affiliates an

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

d if you and your neighboring franchisee are in the same club, you’ll be duplicating services

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

After all, if a fellow franchisee needs help with a service project, they will call you any

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

Following aspects would a

way. You don’t need to spend time in meetings when you can be out and about meeting new peopl

dd to the challenges in developing combination products:

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

, making friends and establishing new business contacts.

It is important for each of your sm

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

all business friends or franchisees to be active in their individual groups to best help you

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

ith additional referral base. You should return that favor by actively participating in the c

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

lub you have signed up for. If you end up meeting someone from another area, you will be happ

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

Professional from academic institutions, pharmaceutical industries, health care indust

to take that information to your neighboring franchisee. They will do the same for you and

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

this is what brings your referral network with fellow franchisees full circle. Small business

.

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

owners are working harder then ever these days to make it all work, this is one way to maximi

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

Companies that provide selfless information through particip

ze your contribution to your community and reap the full rewards of steady and good clientele

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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Companies continue throwing money at IT projects and accept a pathetic 30% success rate. The IT field is filled with complexity and the fast pace seems overwhelming at times, yet we as professionals should adapt to the changing environment and use available best practices to increase the success rate of IT projects.

Mentoring someone is a great way to not only share your knowledge with an up and coming person in your field for their benefit you also get the satisfaction of knowing you had a hand in their success.

Workplace fires come in all sizes; sometimes they matter, sometimes they do not. How do we know which to tend to? Can we prevent them?

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Main Subject - Community Involvement Networking

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