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  • E-Folder - Networking Versus Netweaving - What Is The Difference?

    Most people know about networking. Sometimes it appears that whom you know is more important than what you know! Some peop
    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
    le want to know who knows you too! What do you think? Has this been your experience?

    Networking has been around for a lon
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    g time. It is a tactic used to go after new business, gain competitive advantage, "close deals" and get the sale! Sometime
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    s, it can be a little superficial. Few people establish meaningful long-term relationships. Few people discover what lies
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    under the business suit and what a person's true passion is. Let's be honest, the focus of networking is about you! It i
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    s all about you and not the other person!

    There is a new concept gaining acceptance. It is called netweaving!

    Netweaving
    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 a new term created by Bob Littell who lives in the Atlanta metro area. netweaving is 180 degrees different from networ
    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
    king. With netweaving, the focus is on the other person. netweaving is seeking to help others and networking is seeking to
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    sell to others. A Master NetWeaver listens first and looks to become a resource for other people! Bob believes that peopl
    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
    e are incomplete. Many people face challenges, have needs and problems to resolve.

    Netweaving seeks to help others and no
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    sell others! By simply asking, " How can I help you"? Take notes about the people that you meet. You will be quite differ
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    ent from everybody else and your next networking event!

    Commit to contacting them after the event. Meeting with them for
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    coffee or lunch. Become a resource for them! First, seek to help them! Also, netweaving encourages people to build Trusted
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    Resource Networks and send business to them. Check out Bob Littell's website: www.netweaving.com and start netweaving tod
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ay!

    So should you drop networking and turn to netweaving?

    Well, you can do both! Apply your networking skills to discove
    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
    r great opportunities. Use netweaving to make a difference with the people that you connect with at the event! Learn about
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    netweaving! Study it! Become a disciple! If you love helping people, adopt this new philosophy. You will become a valuabl
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    e resource for others and a hero for many! You will discover that people will be attracted to you and want to learn more a
    .

    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
    bout you! It will raise your stature in your community. You will stand out!

    So, if you want to make a positive impact in
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    your business community, become a Master NetWeaver! Teach someone else about the benefits of netweaving and pay it forward


    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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