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E-Folder - The Entrepreneur and a Sense of Adventure
I have been thinking recently about the correlation between the type of vacation people choose and the type of lifestyle they live.
It's easier nowadays than ever before to jump on a plane and travel to any part of the wo
It's easier nowadays than ever before to jump on a plane and travel to any part of the wo
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
rld we wish. Some people are constrained in the type of vacation they can take, either because of commitments of some kind or simply the cost. However many people are now in a position where they can take any kind of vacat
; 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
ion they choose.
If we take away the limitations imposed by budget and commitments and assume people can take any kind of vacation they wish, is there a correlation between the type of vacation they take and the type of l
If we take away the limitations imposed by budget and commitments and assume people can take any kind of vacation they wish, is there a correlation between the type of vacation they take and the type of l
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ifestyle they live? I think there is.
I am not just talking about rich people going on more expensive vacations because that's too obvious and doesn't teach us anything. I am talking about the tendency for the average per
I am not just talking about rich people going on more expensive vacations because that's too obvious and doesn't teach us anything. I am talking about the tendency for the average per
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
son to take relaxing vacations in the sun (and there's nothing wrong with that) and the tendency for entrepreneurs to take more adventurous and challenging vacations.
There's some obvious examples of this. The most common
There's some obvious examples of this. The most common
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
foreign destination for people living here in the UK is Tenerife. Sun, sea, bars, beaches, relaxation and all for relatively little cost. I went there myself a few years ago.
Then lets take someone like Richard Branson w
Then lets take someone like Richard Branson w
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
ho's one of the most successful entrepreneurs in the UK. Although he often takes vacations on his own Necker Island (who wouldn't) he's famous for his many daring adventures. He's no stranger to world record attempts invol
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
ving balloon flights around the world and travelling across the Atlantic Ocean in a boat.
Admittedly, most of us can't afford to do this type of thing but for many people even if they could they'd still chose not to risk
Admittedly, most of us can't afford to do this type of thing but for many people even if they could they'd still chose not to risk
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
their lives in the name of adventure (and probably PR) and stick with lying on a beach for two weeks instead.
The point I am trying to make here is that I believe there's a strong link between what we choose to do with a
The point I am trying to make here is that I believe there's a strong link between what we choose to do with a
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
week or two of our spare time and the amount of entrepreneurial spirit we possess.
That still leaves the question, does being an entrepreneur make you more adventurous or does being more adventurous make you an entreprene
That still leaves the question, does being an entrepreneur make you more adventurous or does being more adventurous make you an entreprene
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
r? I can't answer that but I'd guess it's simply that the two qualities go hand in hand and anyone who possesses one will possess the other to some degree.
You're probably wondering what on earth made me think of such an
You're probably wondering what on earth made me think of such an
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
obscure article topic. I guess now's a good time to use myself as an example. Up until the last few years I'd been the sort of person who had always used up my spare time to take beach holidays in the sun. As I stated earl
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
ier I was in Tenerife myself only a few years ago and I'd only ever really been to Spain and Greece before that.
What made me think of this topic was when I looked back on my more recent vacations. In 2005 my main vacatio
What made me think of this topic was when I looked back on my more recent vacations. In 2005 my main vacatio
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
n was drastically different. I flew to Phoenix, America with only one night in a hotel booked, a car hired and a flight booked back two weeks later 2,000 miles away from San-Francisco. Having always taken conventional pack
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
age holidays, for me to drive 2,000 miles across America navigating and finding a bed each night depending on where I was at the time was quite adventurous for me.
In 2006 my main holiday was going on safari in Kenya. Aga
In 2006 my main holiday was going on safari in Kenya. Aga
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
in, for me this was far away from my usual holiday to Tenerife. This year I have chosen to do a 190 mile walk coast to coast across England spanning eleven consecutive days. This could turn out to be a very painful challen
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
ge and by no means relaxing.
Why the sudden and drastic change in vacation choice? I don't know, but I can say that it did coincide with my increasing interest in entrepreneurialism. I don't know which one influenced the
Why the sudden and drastic change in vacation choice? I don't know, but I can say that it did coincide with my increasing interest in entrepreneurialism. I don't know which one influenced the
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
other most but I do think they're linked. It must be the challenge and desire to achieve something that I never thought I dare even attempt. I am not sure.
I think the value we can all take from this is that there is very
I think the value we can all take from this is that there is very
.
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
likely to be a link between the type of vacation we choose and the type of lifestyle we pursue. Think about how you'd ideally like to spend two weeks of your spare time and it may teach you something about yourself that y
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
ou'd previously not even considered.
For information on the entrepreneurial mindset please visit: http://www.entrepreneur-mindset.com
Best Regards,
Jason King BSc MBCS CITP http://www.entrepreneur-mindset.co
For information on the entrepreneurial mindset please visit: http://www.entrepreneur-mindset.com
Best Regards,
Jason King BSc MBCS CITP http://www.entrepreneur-mindset.co
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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