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As an artist it is hard to not feel flattered when approached by a galler

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

y. If you are a professional or hope to be one having a gallery is at 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

e top of your list.

There are other ways of marketing art these days, ov

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

er the internet, home studio tours but the mystic of having a gallery is

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

lways there.

Who can resist the glamor of having an opening with

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

Combination pro

Champagne and fine food? Maybe add a three piece band to add just that e

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

xtra touch of class. New York galleries being first on the list with ide

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

as of going international. Ahhh I LOVE it!

There are things to consi

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

er when entering a gallery though and that is why I wrote the title "

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

The Art of Negotiation, Investing in ART, Its About the MONEY Honey!".

I

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

t is in the end about the MONEY!

It is not just about the money for the

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

Following aspects would a

gallery but for the artist as well obviously. Past opening night, maybe

dd to the challenges in developing combination products:

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

strawberry or two, having your art viewed, important people seeing it ho

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

pefully, at the very least your family gets to see you meeting some sort

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

of success, past all of that it is about the MONEY!

You have no doubt wo

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

rked hard on your art to be at a point where you want to start showing it

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

Professional from academic institutions, pharmaceutical industries, health care indust

and joining the people who you consider to be 'big time' artists. It is

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

a dream and one that has been on your mind no doubt for a long, long time

.

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

.

So! Don't lose your head!

Read all you can about the art of c

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

Companies that provide selfless information through particip

utting a good deal for yourself.

Continued on part two.

---------------

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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Your sitting at your desk, up to your arm pits in work, when suddenly the screen on your monitor flickers and comes to life. You hear a faint beep, and there it is! Someone's scheduled you to attend another meeting. Not another one! They’ve got you going to so many meetings there's no time to do the work you’re expected to do.

We've heard it before, and it's still true: if something can go wrong, it will. This tip tells you how to keep that something from derailing your problem-solving effort.

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E-Folder - The Art of Negotiation, Investing in ART, Investing in YOU, Its About the MONEY Honey! Part One

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