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If you are running a small business and have ever felt at your wits end when things seem to be going wrong one after the

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

other, then you could probably take great comfort from having a business mentor. A business mentor is someone who is 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

ere to listen to ideas and your thoughts and give you some insight from personal experience in business.

However a busi

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

ess mentor is so much more than just a sounding board and someone who gives advice, over time trust will build up betwee

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

n the two of you along with friendship if you allow it. The course will depend on the ground rules which you set out at

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

Combination pro

he beginning of the partnership and this should be clearly outlined.

Having a business mentor around can help in so man

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

y ways, perhaps one of the most important is knowing that you have someone you can turn to for advice, and who will give

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

this advice honestly. For example if you need to sound out an idea about something, your mentor is there for you. They w

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

ill listen to you and give their honest opinion, this opinion isn’t something they take lightly, but will be based on th

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

ir past experiences in their own business.

The benefits of having a business mentor are many and once you have taken th

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

e plunge you will wonder how you managed to cope without one. The majority of people have heard the saying “been there,

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

Following aspects would a

seen it and done it”, this saying certainly applies to the business mentor, for they will have vast experience and knowl

dd to the challenges in developing combination products:

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

dge and will know what you are going through.

When faced with critical decisions in your business, your mentor can be a

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

life saver, they can certainly take the strain and stress from you. One of the biggest benefits to those starting out i

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

business is that due to the mentor being experienced in business they will have many contacts. These contacts of course

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

can be an enormous help to those just starting out.

Your business mentor can help you to look at aspects from a differ

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

Professional from academic institutions, pharmaceutical industries, health care indust

nt angle, many times we get stuck on a point and cannot find a solution to our problems, your mentor will help you to st

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

ep back and look at the problem from a different angle. Helping you to develop strategies and make advancements in your

.

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

usiness is a quality which shouldn’t be forgotten when thinking about the many benefits, this along with the confidence

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

Companies that provide selfless information through particip

and self-esteem that having a mentor around can build, are excellent reasons for having a business mentor in your corner

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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If your business is like many other traditional cleaning companies, you started by cleaning an office, apartment building, retail store or other commercial building. Adding additional clients may have included more office buildings, medical clinics and perhaps even expanding into manufacturing facilities. But have you stopped to think about expanding into residential cleaning?

More and more organisations are using a competency based framework for interviewing. Here are 6 steps to help you make the best impression - and get the job!

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