E-Folder - Business

Use this helpful scorecard, “How Are You Doing? Rate the Health of Your Business,” to measure 36 key indicators of a successful, highly

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

profitable business. You’ll test your business in the key areas that affect income, expenses, and production.

-- Learn exactly where y

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

Examples of combination products may in

our business excels and what areas need improvement.
-- Find new areas you haven’t thought about before, but could use to gain a

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

competitive edge.
-- Use the survey results to create a plan to get your business to the next level – and beyond!

Rate The Healt

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

h of Your Business

Small to mid-size business owners, branch office managers, and independent agents, rate the state of your business d

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

Combination pro

uring the past 12 months.

Rating System 1 = disaster 3= average 5 = brilliantly successful

_________ Attracting Ideal Clients

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

_________ Customer Retention
_________ Business Plan Effectiveness
_________ Marketing Plan Effectiveness
_________ Bra

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

ding/Identity
_________ Sales System
_________ Advertising Efforts
_________ Networking & Follow-up Process
________

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

_ Profitability/Cash Flow
_________ Pricing Process/Marketing Funnel
_________ Availability of Capital
_________ Strategi

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

c Alliances
_________ Delivery of Services
_________ Speaking Engagements
_________ Products/Intellectual Property
_

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

________ New Services
_________ Administration Functions
_________ Strong Competitive Edge
_________ Elevator Speech That

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

Following aspects would a

Works
_________ Status in Industry
_________ Technology/Automating
_________ Budgets & Reporting Processes
_______

dd to the challenges in developing combination products:

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

__ Internet Presence
_________ Ongoing Internet Marketing
_________ Controls/Procedures
_________ Contracts, Legal Advice

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

_________ Hiring Process/Manual
_________ Team(s) Development
_________ Training, Cross-training
_________ Employee

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

Consultant Retention
_________ Office Organization
_________ Computer Organization
_________ Your Professional Developmen

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

t
_________ Having Fun
_________ Work/life Fulfillment
_________ Setting Life Priorities & Goals

Scoring: Since you mus

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

Professional from academic institutions, pharmaceutical industries, health care indust

t consider all the above in your successful business/unit, it's not the total number that counts; it's how well you do in each area!

Co

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

ngratulations! You've now assessed the "state of your business." Now you know where your business excels and where it needs some work. I

.

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

f you're ready to grow your business to the next level and truly change the state of your business in the next twelve months, it's time

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

Companies that provide selfless information through particip

to create recreate your business and marketing plans. Use the information you've gleaned to make sure that the next 12 months are great

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.e-folder.org.ua/article/16450/e-folder-Does-Your-Business-Need-A-Little-Boost.html">Does Your Business Need A Little Boost?</a>

BB link (for phorums):
[url=http://www.e-folder.org.ua/article/16450/e-folder-Does-Your-Business-Need-A-Little-Boost.html]Does Your Business Need A Little Boost?[/url]

The role to the QP (Qualified Person) is to perform the regulatory practices that a company is required to uphold by EU directives for the release and manufacture of medicines and drugs to be used in clinical trials.

In this article learn how to take a closer look at job burnout, why you might have it and some tips of how to take action before it affects your health seriously and/or drastically.

In job search you will be rejected—there is only one winner. So treat it as an audition. If you have got through to interview you have created a strong application. Read on to find out how to learn from job rejection.

Tags

Links

E-Folder - Does Your Business Need A Little Boost?

Related Articles: