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Main Subject - Your Business and the Story of a Tree; Part One
This morning, I went to take a short walk outside. I’ve been feeling a little more flexible since this weekend, and I figured a stroll would help me keep t
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
hat liquid feeling in my bones that I’ve missed so much.
I stopped when I came to a tree and had myself a sit-down.
Have you ever gazed at the glory of a
I stopped when I came to a tree and had myself a sit-down.
Have you ever gazed at the glory of a
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
tree? I’ll spare you the poem (you know the one, “I think that I shall never see...”). But I must say that trees have been one of the chief inspirations o
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
my life, number two behind natural bodies of water.
You can easily miss the marvel of oaks and pines in the midst of the daily bustle. They really are mi
You can easily miss the marvel of oaks and pines in the midst of the daily bustle. They really are mi
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
racles when you think about it.
One day, years ago, the wind, or a happy world citizen like you or me, put a tiny seed in the ground, maybe smaller than a
One day, years ago, the wind, or a happy world citizen like you or me, put a tiny seed in the ground, maybe smaller than a
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
pea, or about as big as the tip of your thumb.
Each day water from heaven or from a heaven-sent caretaker would caress or massage the ground with moist bl
Each day water from heaven or from a heaven-sent caretaker would caress or massage the ground with moist bl
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
essings. Each day the sun would whisper from behind clouds at it, or scream in a blistering tone.
And for weeks, months even, it seemed as if nothing was
And for weeks, months even, it seemed as if nothing was
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
happening.
But underground, far below where you or I could witness, molecules were bumping into each other, atoms were hopping around, electrons were spin
But underground, far below where you or I could witness, molecules were bumping into each other, atoms were hopping around, electrons were spin
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ing. Then after a time roots began to spiral out into the soil.
And long after anyone human was really giving it any daily, specific thoughts beyond routi
And long after anyone human was really giving it any daily, specific thoughts beyond routi
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
ne tendering, a little sprout started pushing up through the earth.
A dozen or a few hundred years later, there I am, sitting under the tree, thinking abo
A dozen or a few hundred years later, there I am, sitting under the tree, thinking abo
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
t trees and business.
The lessons nature volunteers us are fascinating, if only we’d listen. Our businesses, big and small, are like these trees. We put $
The lessons nature volunteers us are fascinating, if only we’d listen. Our businesses, big and small, are like these trees. We put $
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
1000, $200, $3 million into the investments that form our ventures - saved, borrowed, earned from past sales.
Every day we do a little more. Sometimes we
Every day we do a little more. Sometimes we
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
do a lot more. And we, in our human impatience, often watch the location where we buried our money, looking for signs of life the very next day, sometimes
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
he next hour.
“I bought this computer three months ago. How come there isn’t cash coming out of the DVD drive?”
Seems like a ridiculous question right no
“I bought this computer three months ago. How come there isn’t cash coming out of the DVD drive?”
Seems like a ridiculous question right no
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
w, doesn’t it?
But we behave that way all the time. I’m guilty of it too. Many is the time that I’ve whined about how some new promotional idea I’m testin
But we behave that way all the time. I’m guilty of it too. Many is the time that I’ve whined about how some new promotional idea I’m testin
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
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
didn’t return my deposit of time or money in 3 days.
Then all of a sudden, on that fourth day, I have more sales in 24 hours than I had the whole week be
Then all of a sudden, on that fourth day, I have more sales in 24 hours than I had the whole week be
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
fore.
Sometimes it takes even longer. I used to look at people who would come on the Net, buy a couple of ebooks and fall bass ackwards into cash 90 days
Sometimes it takes even longer. I used to look at people who would come on the Net, buy a couple of ebooks and fall bass ackwards into cash 90 days
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
later. And I’d think “Why not me? What am I missing? What did they do that I didn’t?”
And the lesson I learned from that seven year experience were two th
And the lesson I learned from that seven year experience were two th
.
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
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
ngs.
(Seven years including the small time, inconsistent returns I used to have before I really started to learn to study and be patient. As I’ve said bef
(Seven years including the small time, inconsistent returns I used to have before I really started to learn to study and be patient. As I’ve said bef
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ore, I started making advertising money about two years in, enough to feel like an extra paycheck a month)
I’ll tell you my lessons learned in part two...
I’ll tell you my lessons learned in part two...
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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