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Main Subject - Naming Your Business
You put a lot of thought into naming your children, why wouldn't you spend a considerable amount of time naming your business to
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
o? Your business name is the first impression of your business and the products and services you offer. It's important to name
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
it wisely.
Your business name should reflect your product or your target market (niche, which we will cover later) and should b
Your business name should reflect your product or your target market (niche, which we will cover later) and should b
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
e relatively short and easy to remember. You wouldn't want to set up your business with a name like "Joe's washers, dryers, refr
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
igerators and kitchen appliances supermarket" when you can easily adopt a short catchier name like "Joe's Appliance Mart". If yo
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
u are inclined to merge your slogan in with your business name, you could go with something like "Joe's Affordable Appliances".
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
This defines your business a bit more as to the pricing and products offered.
Select a name that will be easy for the customer
Select a name that will be easy for the customer
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
to remember and gives a clue as to what product or service you are selling. Flip through a few pages in your phone book and try
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
to relate a product with the business name. This may help you in deciding on what name you choose. It won't hurt to write down s
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
everal and then narrow down the list over a period of a couple days until you find one that suits your business the best. It als
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
might help if you bounce a few ideas off a friend or associate. Often times you can get a few more ideas using this method.
Do
Do
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ing a search on trademarks is also a good idea as you wouldn't want a conflict in names with someone else already doing business
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
in your area. A good place to start checking trademarks is the US Patent and Trademark Database at http://www.uspto.gov/tmdb or
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
at Name Protect at http://www.idresearch.com. Both of these sites offer free database searching to help you in discovering if y
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
our business name is a conflict with preexisting trademarks. The last thing you want to do is infringe on an existing trademark
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
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
and start off your business with a lawsuit.
Businesses that use a name other than the owner's must register the fictitious name
Businesses that use a name other than the owner's must register the fictitious name
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
with the county as required by the Trade Name Registration Act. This does not apply to corporations doing business under their
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
corporate name or to those practicing a profession under a partnership name. For more information contact your state or local go
.
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
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
vernment.
No matter what you decide to name your business, it will make a big difference in how your company is perceived by ot
No matter what you decide to name your business, it will make a big difference in how your company is perceived by ot
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
hers. By taking choosing a name that is unique and easy to remember, you are setting the stage for the success of your business
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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