Main Subject - Internet and Businesses Online

If you are a frequent Internet user, most likely you are part of an online social network group. Be it Friendster, LinkedIn, MySpace or any other sites, 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

here bound to be someone who has invited you to join their social network.

Other than participating in discussion, photo and video sharing, looking for p

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

Examples of combination products may in

artner and other mundane stuffs, how can you bring out the potential of your social network to the fullest to help you in your Internet business?

First,

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

let take a look at the benefits of an online social network

It establishes your Web reputation
We all know that a person’s reputation is mor

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

e important than any other things in the World. By requesting testimonials from your clients, friends, colleagues, you are adding credential to yourself.

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

Combination pro

With great credential, you can look for a better job (LinkedIn), find a partner easier (Friendster) or even attract more customers to buy your product.

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

Get connected to a bigger network instantly
Just imagine: you have 10 friends in your network. Each of them has 10 other friends in their net

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

works and each of their 10 friends has 10 other friends and so on. Now, by just getting 10 friends to your network, you are increasing your visibility to

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

100, 1000, 10,000 or even more. What other ways allow you to increase your exposure like this without any cost? This also explains why Network Marketing m

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

odel is so successful. This is known as the power of Leverage.

Adding value to your network

A social network by itself has no value unt

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

il you add value to it. You can do it by the following ways:

Be involved and express interest in other people
The best way you can market you

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

Following aspects would a

rself is to be involved in other people’s life. Read their blog and leave positive comments. Take part in discussion and give useful advices. If you are t

dd to the challenges in developing combination products:

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

ruly impressed by a piece of work, article, photo or video clip, try sending the author an email to tell them how much you love it. I am sure they will be

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

delighted. The more you give, the more you gain.

Do not hard sell your product
If you are running an Internet business, do not promote your

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

product openly and aggressively. You will be blacklisted. What you can do is to write about your business, product and website in your profile. Then attra

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

ct as many people to read your profile as possible. This can be achieved by expressing interest in other people’s work. As long as you are interested in o

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

Professional from academic institutions, pharmaceutical industries, health care indust

ther people, they will be interested in you too.

Be an asset, not a liability
Make yourself useful in the social network. Do not spam or talk

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

negatively about others. Be an expert in your field and someone who others can look to when they need advice. Be an asset to your network, not a liabilit

.

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

y.

Social networking is a skill where everyone can master. It is not something that you can build overnight, but it is definitely something valuable over

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

Companies that provide selfless information through particip

the long run. If you put in the effort to be a great social networker, I am sure that your reputation will increase and your Internet business will soar.

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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BB link (for phorums):
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