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Consumers are usually rewarded for purchasing in bulk and the purchasers of professional services (time) make no

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

exception to the rule. But the trouble is, unlike cans of spaghetti where the production costs go down as the q

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

Examples of combination products may in

antity goes up, time does not. Once you have used up today, you can not get it back again.

In general, the long

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

r the project, the more likely it is that clients will demand a weekly or monthly rate rather than an hourly rat

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

. There is also a high probability that your competitors will meet this customer expectation which puts pressure

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

Combination pro

on you too to conform.

Amongst the benefits of wholesaling your time is the fact that you should be able to con

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

ract yourself for a set amount of time. The contract will provide you with some sense of security and allow you

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

o plan ahead. It may even be prestigious to 'win' the business but one of the pitfalls is the opportunity cost 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 you may lose your presence in the marketplace. While you are 'away' you may give your competitors time to enc

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

oach on your territory or you may experience some downtime between jobs if you have not arranged otherwise.

Und

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

r some circumstances if the marketplace is short of people with your skills you may find you can contract yourse

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

Following aspects would a

lf to the client at a higher rate than usual because the client sees value in knowing they have you 'on tap'. Th

dd to the challenges in developing combination products:

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

y may be willing to pay a premium to know they will never run out of what it is you have to offer.

Whether you

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

ecide to wholesale [discount] your time, or not, is a judgment call on your part but do not be too quick to disc

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

unt especially if there will be some lag time for you to get back into the market. It is very easy to buckle to

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

our client's demands when really it is an excuse for not charging what you are worth.

Before you agree to whole

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

Professional from academic institutions, pharmaceutical industries, health care indust

ale your time remember time is a non-renewable resource. Selling your time is what you do, be mindful of what yo

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

agree to because while you are out selling your time to one customer you can not be dealing with another.

Whet

.

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

er or not you can afford to wholesale your time comes down to the economic goals you have set for yourself: Have

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

Companies that provide selfless information through particip

you priced yourself in a way that allows you to sell your time at a bulk rate and still achieve your profit goal

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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