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Main Subject - Knowing the Ins and Outs of Social Networking
Have you heard about Myspace? Or the Tagged site maybe? What about Facebook? 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 Or Xanga? Well, if you have heard about them, you may be surprised to know ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in hat these sites are collectively termed as Social Networking sites. They are lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. alled as such for obvious reason – they are the portal to where people can soc here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ally network and relate. But did you know, too, that these social network sit d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro s are good sources to market and promote your product or your service. These 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 ites are considered most effective tool sites to reach out with prospective cl 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 ents easily. To do that, your advertisement material may at least adhere to s nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically me of these guidelines: • Develop a well crafted company background article. 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 This is going to be useful in introducing the company identity to prospective ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi lients. • Build a relationship with your clients. You can do this by frequen ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a ly updating via sending e-mail or a newsletter to your clients. • Try to spea dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod out your objective. If you are selling a product, give them the reasons why t cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin ey should be buying the product by citing the benefits that can be attained ou tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen of the product. Remember, consumers are now thinking buyers. They do not re 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 y much on what the product’s features are. They look at the benefits more. • ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust Part of keeping them updated is thru bulletin messages. Post any updates abou y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products the product on bulletin messages. By doing this, you are actually making you . 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 clients feel that you are concerned about what they think about your product elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip pdates. This in effect reflects your desire to build a relationship with them 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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