Cases - Business

To me, business seems to be like a cup of coffee.

You either love it, or you don't!

Mea

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

ning this,

When you find a GREAT cup of coffee, you tend to savor each sip and take in

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

Examples of combination products may in

all it has to offer. The smell, the taste, the over-all enjoyment that cup of coffee

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

brings in to you. However, when you think your getting a great cup of coffee and all

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

you get is just the "cup of coffee", not a lot of flavor, not much to talk about except

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

Combination pro

the fact that you just spent money on a "not so great cup of coffee".

Now the meaning

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

behind my idea of "Business is like a cup of coffee" is just this... I have been rea

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

ding about a lot of internet businesses and everyone claims to be able to teach you how

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

to make thousands of dollars by following their simple directions. What they don't t

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

ell you is that most people have different "tastes". What one person thinks may be e

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

tremely opposite from the next. I guess that's why their are so many coffee houses t

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

Following aspects would a

o.

Each internet business has it's own flavor. You just need to sit down and find out

dd to the challenges in developing combination products:

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

which flavor is the right taste for you. Don't just jump into something without rea

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

ing about it first.

Take time to let things sink in!!

With the current business I found

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

not too long ago seems to be "my flavor" a GREAT cup of coffee. I love becoming inv

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

lved and the best part is I'm learning new things everyday. Believe me, I have been

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

Professional from academic institutions, pharmaceutical industries, health care indust

searching for a great business for almost 2 years now and if you are anything like me, y

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

u have been trying to find your favorite cup of coffee too.

Don't give up on your goal

.

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

s. If finding an internet business that will bring in money for you and not have it

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

Companies that provide selfless information through particip

eep disappearing on advertising with no results...

then keep going...

You will find it!

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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