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We all have ideas that come and go and as an entrepreneur, these ideas tend to come more often and they tend to stick around… You won’t find them leaving your br

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

ain as quickly as you would have hoped they would.

Since we have this innate characteristic of building new things and creating, it is only natural that we will

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

Examples of combination products may in

eventually stumble across the next BIG idea. You know the kind I’m talking about… It’s not just something that comes up and you think, “Yeah, I could do that…”

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

but it’s something that you think of that makes you think, “Wow! I NEED to do this!” When you get an idea like this, what is the first thing you do? Tell a frien

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

d? Tell a colleague perhaps? The first thing I recommend doing is registering an applicable domain name.

So, for those of you who don’t speak tech-talk, I am su

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

Combination pro

e you are asking yourself what is a domain name? A domain name is simply where your website (when you create one) will “live.” It is the name of your website. Fo

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

r example, my website is www.bsetc.ca. That registered “name” is my domain name. I also own many other domain nam

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

es which are being held for future use and for those BIG ideas I was talking about earlier.

When you create an idea and there is thought behind it, securing a d

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

omain name does one of two things. One, it creates a sense of responsibility. It will make you feel as though the project just isn’t an idea but something that i

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

s tangible and something that exists. This may help give you that drive to start and finish your projects. Two, it ensures that no one else will take your must-h

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

ve name before you do.

When choosing a domain name, make sure you are choosing something that will be easy to remember for your visitors and something that mean

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

Following aspects would a

s something to your business. For example, Ford Models’ domain name is www.fordmodels.com. It’s easy to remember and the business name is spelt out which makes y

dd to the challenges in developing combination products:

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

ou instantly recognize what it is for. In the case of my own website, even though www.bsetc.ca may not tell you what the website is right away, it is still the i

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

nitials that I use when talking about my business in the short form. I often make reference to BSETC in that manner so people will begin to remember my website’s

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

domain name.

Once you begin registering all of these domain names, make sure to keep track of them. Keep track of things like when you purchased them, when the

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

expire, etc. What I have found most helpful is ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

really low cost and they keep all of your domain names under one account. I think it’s a great way to manage the domain names you own.

You will find that as yo

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

u grow and come up with new ideas, you will begin to secure more and more domain names. Consider them an asset. It will protect your future ideas and if another

.

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

person is dying to have that domain name, you could potentially sell it to them for a lot more than you purchased it for. There are bidding wars over domain name

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

Companies that provide selfless information through particip

s all of the time which means that buying them is certainly a great way to hold onto something that someone may want to give you a lot of money for in the future

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

Assets are not ends but means to some useful ends. Prudently managed assets can result in incredible gains. Assets can be tangible as well as intangible. A skilful management of assets leads to their complete exploitation and saving of organization funds.

How often have you heard this one (or said it?): “I don’t like sales, and besides… I’m no good at it.” Most of us have said it, no matter what our industry or profession, steering clear if possible of anything that smacks of sales. We prefer, instead the sweet smell of nearly anything else-- marketing, operations, management, engineering, accounting… anything else! “Just don’t ask me to go out and SELL something. No sir, no way, no thank you, ma’am. That’s just not me.”

A cover letter isn't likely to persuade an employer to grant you an interview on its own, but it is part of the whole package that WILL encourage an employer to want to get to know you better. Make it an exciting and enjoyable read and you will find yourself being offered the IT Professional position you apply for.

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Main Subject - When You Have an Idea, Secure Your Domain

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