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E-Folder - Steps to Success - Information Into Action
In my teaser line I coined the phrase, "The difference between average people and difference makers". If you have no idea 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 what that means or think you have an understanding of what I am trying to say, then read on; let's get on the same page. ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in o you want to be rich and famous? Who doesn't? It may seem a bit shallow to say, but I believe that everyone wants a certa lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. in level of comfort where they no longer worry about anything money related and have a strong enough confidence in their d here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ily relationships to go out and persevere to the fullest each day. So how do you go about doing that? What is the differen d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro e between someone who does that and someone who cannot do that? It's simple; read on. My goal is to introduce the differe 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 nce between the average success-seeking individual and the successFUL individual. What is the successful guy doing that th 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 average guy can't seem to grasp? Both read a thousand books and both take advice from someone who's been there and done t nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically at before. Here's the difference: the average guy reads his thousand books. In fact, he reads them twice. He gets his han 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 ds on every square inch of new knowledge that he can and he takes it in. Now don't get me wrong, this is a good thing. But ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi what's missing? See if you can figure it out. The successful guy reads those same one thousand books; but it takes him tw ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a ce as long. Maybe it takes him THREE TIMES as long. But then he does something that the average guy wouldn't think of doin dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod g...HE PUTS IT INTO ACTION. He reads a chapter, meditates on it, and DOES it. Not only does he DO it, he does it until he cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin ETS IT. Simple huh? I didn't start writing articles and sharing my information about my marketing techniques after waiting tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen until I felt good enough to be a guru. I just "trial and errored" it out, and started DOING it. I didn't know what I was g 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 etting myself into and I didn't care. The truth is that my content isn't the best stuff out there...but it's out there. Y ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust u can get out there too. It's more than most people can say. You will make mistakes, mess up, and look like an all-out idi y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products t at times. But you'll figure it out and you'll RETAIN the knowledge you learn. The average guy won't; he'll have read mor . 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 e than you, learned more techniques than you; but he'll retain less and be six steps behind because what he has learned is elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip useless...until it's put into action. For more information, please read my article entitled, "Success and Failure Defined" 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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