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Main Subject - Key to a Successful Product Creation
Surely, creating something out of nothing is one of the most exciting 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 hings that you could ever do on a day. The power of your mind to creat ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in a product from a scratch is just as exciting. Product creation indeed lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. requires deep thinking and focus in order to achieve the desired output here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe So, are you getting ready to creating your own product? You may want d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro to pocket some of these tips: • Time is essential. When you are into 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 roduct creation, it is important that you give the product the time it 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 eeds. Getting yourself pretty much occupied with a lot of things will nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically ield to a sub-standard product. It is a must that the time to focus an 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 concentrate on the product is extended. • Make the necessary research ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi Creating a product requires that you seek help from other resources. ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a While it is true that you have to depend on your own ingenuity, seeking dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod assistance from others will not harm the product in any way. In fact, cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin t can better enhance the way the product is going to be developed and m tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen lded. • Use the staggered method. Do not create the product as a whol 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 . Try to put it in into pieces and then focus in developing one piece ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust t a time. This allows you to get rid of the overwhelming fact as to ho y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products big the product is. • Check your piece by piece product. It is essent . 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 al that you perform quality check on every piece of your product. This elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip frees you from getting bulky problems that would be difficult to manage 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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