Main Subject - Internet and Businesses Online

Are you so tired of handing people your calling card, without getting any results

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

? Online social networking can do wonders to your business. The popular MySpace,

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

Examples of combination products may in

Tickle and Friendster are no longer new to most of us. These are the well-known s

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

cial networks. They used to be for dating and getting to know more friends. But 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

his has already gone to the next level. Businesses are using these social network

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

Combination pro

to promote and sell their products or services.

Here are some tips you can cons

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

ider when using social networking as a means to gaining profit.

1. Choose the ap

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

ropriate social network. Of course, you would not want to join a certain network

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

if you will be not be benefiting from it. Make sure that you choose the right one

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

for your goal.

2. Know the rules and culture of the site. Just like with any sch

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

ool, you would not want to break any rules of the social networking service or el

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

Following aspects would a

se instead of building contacts, you will be left alone with your business.

3. U

dd to the challenges in developing combination products:

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

date your profile. You would not want to disappoint potential customers with a pr

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

ofile that is not being updated. It is the first thing that they check on, should

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

they be interested with what you offer.

4. Respect other members. Though you wan

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

t to be aggressive, you should maintain not be too pushy. Sometimes, this can ann

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

Professional from academic institutions, pharmaceutical industries, health care indust

y the other members in your network. Be subtle but serious with your offers.

5.

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

Social networking is a continuous loop. So you should know how to reciprocate. Wh

.

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

n people found out that you have good business, they will tell about this to thei

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

Companies that provide selfless information through particip

r own social networks. Do the same thing and watch your profit spiking in no time

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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