Cases - Business

Like lot of people, you’ve evaluated a wide variety of ways different people and companies promise you ‘ways to make money’. It doesn’t matter wh

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

ether it is on or off the Internet.

Personally, I have investigated a few. No, I take that back, I’ve researched dozens of them.

What do you th

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

Examples of combination products may in

nk the common thread is?

Most of these opportunities are just pure rubbish. The only ones who make money are those selling these so called ‘ways

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

to make money’ opportunities. Most of these try to sell you the world, but then only leave you feeling scammed.

This situation has tarnished th

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

reputation of the ‘work at home’ and ‘work from home’ industry . It has made it difficult for honest companies with real ‘make money’ opportunit

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

Combination pro

es to get their message across. You don’t know who to trust.

So if you’re like me, and want to know the real deal, ones that really work – here

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

is my personal account with a new professional opportunity known as a “Commercial Real Estate Property Scout.’

Point Number #1. At first, I was s

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

eptical. So I checked out the site, the training, and the firm exhaustively. I was more than a little surprised to find high and good marks for

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

all three. While I was still wary, I liked what I saw.

Point Number #2. I was rather cautious. I was fearful of believing I had actually found

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

bonafide program that was viable. This one looked viable to me—meaning I could do it rather than someone else.

Point Number #3. I was definitel

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

interested. When I reviewed at their training program and read the guidebook, I was frankly surprised to learn this was so easier than I expecte

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

Following aspects would a

d. And being a bit intimidated of commercial real estate because I believed it was just for the rich, I was glad to learn I could play do this wi

dd to the challenges in developing combination products:

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

hout having their checkbook. And the most important part for me was that I can do it with no capital, zero risk, and not even very much work. Th

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

is is definitely one of the legitimate ways to make money.

Point Number #4. I made an informed decision. When you consider their money-back guar

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

ntee, I figured I had give a try. So I got out my credit card and received the manual immediately.

Point Number #5. I took deliberate action. T

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

e info in the guide is very clear and to the point. There no extra words, or filler. It’s obvious every thing in that manual was important to me

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

Professional from academic institutions, pharmaceutical industries, health care indust

. The info I needed was all there: Including exactly where to go find attractive real estate, what the profile is, and then what to do when I fo

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

nd a ‘good one.’ This is definitely a ways to make money.

Point Number #6. I did not rush the process. As you probably know, any honest program

.

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

that offers ways to make money does not promise you you’ll make money fast. Sadly - too many people get suckered by those other less than ethica

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

Companies that provide selfless information through particip

companies and their ways to make money.

So those are my experiences. If I have been of help in your quest to find legitimate ways to make money

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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