Main Subject - Business

Fleeced, ripped-off, cheated, conned. We’re all afraid of losing money to wholesalers who turn out not to be the real de

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

al. The horror stories can certainly be very off putting – especially to those just getting started. The trick is to s

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

Examples of combination products may in

pot it and stop it before it’s too late!

So what are signs that you’re dealing with a crook?

In my experience, there ar

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

e 6 particular indications in particular that you may not be dealing with a legitimate wholesaler:

· The wholesaler does

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

n’t sound business-like or professional when answering the phone. For example, he will answer with a plain ‘Yes?’ or ‘He

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

Combination pro

llo?’, without identifying himself or the business name.

· The wholesaler doesn’t request your business license or sales

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

tax ID during the initial contacts. Most true wholesalers will require one of these. While this is not a hugely importan

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

t deal, if you are looking at dealing in large amounts you will need to get registered and should check that the wholesal

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

er is registered as well.

· The wholesaler gets shifty when you request a product sample. Most wholesaler are only to ha

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

ppy to offer a sample of their product (usually at a higher price) so if they do not offer this be careful and question t

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

heir reasons for not offering one.

· The wholesaler’s claims to take a secure form of payment (credit card, Paypal etc…)

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

Following aspects would a

but later turns around and says they only accept wire transfer or western union. Not all wholesalers that take western u

dd to the challenges in developing combination products:

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

nion and wire transfer are scammers, but this is the most common way scammers operate and you should always steer on the

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

side of caution if you are asked to pay be these methods when not having dealt with or knowing the person first.

· Their

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

website offers no physical address or contact phone for you to get hold of them. Be blunt, ask them for a contact addres

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

s and phone number and if it is ok if you come in and have a look around their offices. If they are serious this will be

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

Professional from academic institutions, pharmaceutical industries, health care indust

no problem at all for them.

· They claim they don’t currently have stock in and still expect you to pay up front. If thi

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

s has been happening make sure you get some photographic evidence of their stock with the days newspaper or something (wh

.

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

ile this doesn’t always work, it means some one must have stock that they know)

Although these are not hard and fast rul

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

Companies that provide selfless information through particip

es, you should certainly proceed with caution if one or more of the above apply to a new wholesale contact you have made.

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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A shocking 80% of Americans all have something in common. Can you guess what that is? They hate their jobs!

Fear is a contrast felling of courage. What is the relationship with these two feelings and Internet marketing?

So, rather than competing with companies that have been around for many years and may have greater advertising and financial resources than you have, you will want to dig a little deeper and find a niche that you can focus on while building your business.

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