Main Subject - Internet and Businesses Online

Two Different Strategies for Buyers

Through my online auction research, I have learnt two major strategies when bidding for goods and stuff:

The Early Bird Str

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

ategy

The Late Sneaker Strategy

Whether you choose to use either depends as much on your personality and time management as well as the merits of the strategies which

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

Examples of combination products may in

I will discuss next.

The Early Bird Strategy – The Early Bird Gets The Worm

This strategy focuses on establishing yourself as a player early and to scare off other pot

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

ential opponents through your aggressiveness. You start by bidding early, and bidding with a high maximum bid – intimidating other bidders into thinking that your pockets are deep becaus

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

e no matter how much they bid or increase their bids, your high maximum bid keeps them at length by proxy. If they manage to outbid you before the auction closes, you immediately answer

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

Combination pro

that with another bout of high maximum bid slinging. Before long, your opponents realise that you refuse to be toppled and will back off, leaving you as the sole winner of your auction.

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

A word of caution though: the Early Bird Strategy requires you to monitor the auctions daily, even several times a day. You need to be vigilant and be aware any instant you get outbidde

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

d. You might also want to get hold of auction-tracking software to help you to monitor the status of your bids.

Also, you need to look for new auctions in your favourite categories regu

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

larly as you want your bid to be the first bid on the item and hopefully, the last.

The Early Bird Strategy suits people who are vigilant and dutiful and are able to match the amount of

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

energy and time required to monitor new and bidded auctions. If you play this strategy properly, you will become a feared and respected bidder - when others see your name bidding on an

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

item, they will automatically withdraw from the contest.

The Late Sneaker Strategy – The Sneaky Thief Gets The Spoils

This strategy is the complete opposite of the Ear

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

Following aspects would a

ly Bird Strategy described above. With strategy and stealth, you disguise your interest and intention and choosing to strike like a cobra at the last moment and walking off with the spoi

dd to the challenges in developing combination products:

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

ls – leaving your opponents wondering what had hit them. To do this, you require a great deal of patience and self-restraint to hold your bid till the last possible moment. No one must k

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

now that you want this item, no one can suspect how much you are willing to bid and most importantly, no one is prepared for your last-minute strike.

By not disclosing your intention an

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

d interest, you don’t contribute to the frenzy of bidding leading up to the end of the auction. You don’t arouse the alarms of other bidders and keep them glued to monitoring the status

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

of the auctions. By bidding at the last minute, you leave them no time to react or respond to your strike. And that is most important in the bidding process – the late bidder makes one b

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

Professional from academic institutions, pharmaceutical industries, health care indust

id, and makes it count.

For this strategy to work, the Sneaky Thief needs split second timing and fast reflexes. I have also learnt that some late bidders adopt the use of automated sni

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

ping software. After all, the last highest bidder always wins, and sniping software helps you to achieve that.

Conclusion

This article discusses two strategies that wi

.

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 help you to become a better bidder and avoid getting outbid. Personally I feel that the fun of the whole auction process lies in the bidding and competing and I discourage the use of

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

Companies that provide selfless information through particip

automated software to help bidders unscrupulously. I hope this article helps you discover whether you fall into the Early Bird or the Late Sneaker category and helps you to win your bids

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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