Main Subject - Business

One potential marketing strategy for franchisors is to set up two-year agreements with star franchisees to assist in the expansion of

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

regional areas without selling those areas a master franchises. In doing so the franchisor can have more control over the marketing of

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

Examples of combination products may in

new franchises and say over which territories and agreements will be entered into, without giving up any control.

The fee structure c

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

uld be a percentage of franchise fees in each sale and a percentage of royalties. The duties of the star franchisee [Regional Team Man

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

ger] should be clearly defined we decided for our endeavors and so I came up with these set of rules for our company, perhaps this mig

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

Combination pro

t give you some ideas if you are considering expanding your franchise company. Below is my list of responsibilities and rules that I u

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

ed in my company;

Regional team manager will not build or maintain a web site on behalf of The Company or the Franchisee. A web site

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

ill be furnished and maintained at the expense of the Franchisor on behalf of the regional team manager.

Regional team manager will b

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

responsible for collecting all royalties from franchisees in their exclusive territory and forwarding all such monies immediately upo

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

collection to The Company. will forward the regional team manager’s portion of collected royalties no later than the 30th of each mon

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

h.

Regional team manager will be responsible for franchisees in their exclusive territory. Regional team manager agrees to visit each

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

Following aspects would a

franchisee in their exclusive territory no less than once a month. Any marketing, technical, employee or other issue franchisees migh

dd to the challenges in developing combination products:

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

have will be addressed by the regional team manager.

For this service the regional team manager will receive 50% of the collected ro

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

alties for each franchisee in their exclusive territory.

It is understood and agreed upon that nothing in this Agreement authorizes t

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

e regional team manager to make any contract, agreement, warranty or representation on Franchisor’s behalf or to incur any debt or oth

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

r obligation in Franchisor’s name and that Franchisor shall in no event assume liability for, or be deemed liable hereunder as a resul

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

Professional from academic institutions, pharmaceutical industries, health care indust

, of any such action.

Well this is what we did in our company of course I cannot give you legal advice as I am not a two-fit, lying,

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

hieving, scoundrel, attorney. So, you need to get with one of those professional parasites and sit down without shooting them and ask

.

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

hem their advice on how to run your business and pay them $300 to tell you what you just learned here from me, someone who actually ha

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

Companies that provide selfless information through particip

had to make a payroll and who has actually done it. Consider this in 2006. If you are an attorney; go screw yourself. [in a nice way]

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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Writing business thank you notes - rare in the world of business - can forge a closer relationship to clients and ensure their future patronage. The article highlights the importance of business thank you notes and details key points to consider before sending such notes to customers.

Establishing good boundaries is an essential time management skill for creating a successful professional life. This article gives you solid tips on how to protect yourself and your time.

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