Main Subject - Business

One of the greatest factors influencing the success of a corporate event planner is the experience acquired from previous

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

engagements. There are just some things that can only be learnt through experience, with no amount of preparation adequa

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

Examples of combination products may in

e. This is precisely why some organisations have a preference to engage corporate event management companies such as Chil

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

lisauce, so as to ensure a successful and hassle-free event.

Nevertheless, as a corporate event organiser, we are open t

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

sharing experiences with our clients with the aim of enhancing customer relationships. Thus, the following insights are

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

Combination pro

ome of our inputs on critical mistakes that should be avoided by anyone organising a corporate event.

More time for p

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

lanning

Even if your corporate event may just be for two days, extensive preparations prior to the event will be req

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

ired. Activities will need to be planned out, participants need to be confirmed and facilities as well as equipment need

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

o be prepared in advance. Thus, it’s always advisable to have more time to plan for an event so as not to be caught unawa

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

res in any situation.

Activities should not be rushed through

Amidst budget and time constraints, many events ha

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

e been organised to rush through a tight schedule without any time for recreation and rest. Therefore, the event turns ou

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

Following aspects would a

to become a stressful time rather than an enjoyable weekend. This defeats the purpose of running the corporate event in

dd to the challenges in developing combination products:

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

the first place, which also translates to a waste of money.

Control the booze

Although most employees may expect

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

alcohol as part of the package, it may be wise to put a cap on alcohol consumption during corporate events. Many organisa

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

ions had learnt it the hard way when intoxicated employees started behaving inappropriately during an event, disrupting o

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

ther employees in the process. Furthermore, any team building exercise involving physical activities after alcohol consum

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

Professional from academic institutions, pharmaceutical industries, health care indust

tion may place the company at risk of employees hurting themselves.

Set aside budget for a good event facilitator

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

The engagement of a good event facilitator for a beneficial and enjoyable event has always been overlooked. Indeed, a go

.

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

od facilitator will possess the skills required to ensure that all participants take part in the various activities. His

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

Companies that provide selfless information through particip

r her good communication skills and team building content knowledge will ensure that the purpose of the event is achieved

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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Showing your employees or other people in your work life that you care is important, and you can purchase executive business gifts, like those found at online for this purpose. However, there are some instances when you may not be sure if executive business gifts are appropriate.

Marketing is a vital aspect of a business’ operations. It has been said that, “Nothing happens in business until a sale is made”. Marketing is about how sales are made and marketing planning is about being proactive in determining how sales are to be made. Developing a marketing plan is the tool businesses use to overcome weaknesses in competitiveness and to increase sales.

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