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E-Folder - Mastermind Team: Do You Have One?
The key to life is to be around the people who will empower you to reach the next level in life! In order to exce 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 ed your present reach, you need to be around people who will help you stretch a little farther. The secret to a ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in productive mastermind team is for you to surround yourself with people who you can always learn from. A sign of lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. a very intelligent person is to be smart enough to realize that you need to learn from others who can contribute here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe to your WHY in life. As you know, my ultimate outcome is to develop the #1 personal self-development company in d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro the world. Each and every day I strive to immerse myself in material and people who will enable me to achieve our 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 corporate mission. As you look at your own mission in life, you need to ask yourself a very honest/straightforw 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 ard question ....“Is my personal development engine in Forward, Neutral or Reverse?” The answer is very simple. nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically All that you need to do is to write down the top 10 people you regularly associate with. As you review the list 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 , realize that you will become an exact duplicate of those 10 people -- financially, spiritually, physically and ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi psychologically. Once again, be honest with yourself. If you are not 110% happy about what you see yourself bec ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a oming due to your present relationships, you need to take ACTION immediately! Make a decision to develop a maste dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod rmind TEAM! Unfortunately, 95% of people will never take the action needed in order to become part of a mastermin cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin d team. They will continue to live their lives and wonder WHAT HAPPENED to their LIVES and all of their DREAMS. tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen You need to stop whining and begin working on yourself to become part of a Mastermind Team! I am proud to say t 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 hat each and every day I associate with people who are either at my level of enthusiasm, excitement and intellige ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust nce or even more so than I am, which is the key to a personally productive mastermind team. You need to be a part y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products of a group of people who make you want to exceed your present reach. Be honest with yourself and know that you n . 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 eed to change your associations in order to achieve your God-given dreams! You will be amazed by the results. elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip Your life will SOAR like an EAGLE to the ends of the earth if you change your associations! Find your WHY & FLY 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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