Main Subject - Business

To achieve a successful fundraising event you will need to create awareness and excitement

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

for your fundraising event. The bigger the crowd of people you attract for your fundraiser,

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

Examples of combination products may in

the bigger amount of money that will be raised for your group. Below are some tips for gen

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

erating interest in your fundraising event!

Press Releases are vitally are a great way to

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

ake the community aware of your event and it will also be good for your group image. Send o

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

Combination pro

ut your first press release announcing that you are having a fundraising event, why you are

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

having your event, include your target amount and what the money is going to be used for.

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

ou can have your newsletter distributed online for free on many sites. You may be wondering

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

what good will that do if my fundraiser is local, but you never know who may be interested

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

in sponsoring and supporting your fundraising efforts!

Also send out a press release afte

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

your fundraising event has ended and thank all those that participated, announce what you

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

Following aspects would a

did with the money raised and give a brief description of the outcome and success of your f

dd to the challenges in developing combination products:

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

undraising event. The viral marketing and word of mouth you will receive is priceless!

Ask

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

your volunteers to distribute flyers at laundry mats, supermarkets, day care centers, smal

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

businesses and the like. To attract small businesses you can add their name to your flyer

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

or pamphlet so they also receive some attention for sponsoring and/or participating in your

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

Professional from academic institutions, pharmaceutical industries, health care indust

fundraising event.

Utilize online methods to helps spread the word of your upcoming fundr

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

ising event. Post on community message boards, if you have a website post it on there as we

.

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

ll. You can also create business cards on your own computer to distribute just for this occ

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

Companies that provide selfless information through particip

asion. The more people you tell, the more people will be involved in your fundraising event

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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