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The world of treasure hunting and gold can posses people. It has me and many other people. But the fac

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

t remains that treasure hunting can be funded and successful if they step back from the enthusiasm of

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

Examples of combination products may in

he project, and operate on a rational level.

Treasure Hunting is a business as well as a passion. If

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

you can be grounded on the numbers and the research, your enthusiasm will sell the project.

Anyway t

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

is guy and another guy were trying to raise money in $20-$100 per person. I simply could not understan

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

Combination pro

why the were trying to raise such a small amount of money from like 500 people. It just seemed like a

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

waist of time when they could have asked for $2-$5,000 from each person. I would not have invested a

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

d money with these 2 people because they are lost in a dream and not organized.

They had no plans and

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

there research was weak. They also had no idea on how much is needed for treasure recovery or even how

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

much money they needed at all. They had no planning so there is little to no chance of them being su

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

cessful.

Just because you think you know where a treasure is does not mean you have any idea on how t

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

Following aspects would a

pinpoint and recover it. That takes money...Lots of it.

For an underwater pin pointing and recovery

dd to the challenges in developing combination products:

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

takes time and money. The fact is they were looking for about $6,000 total from 500 people. There is

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

o way this is enough money for their projects. Also getting 20 bucks from 500 people is going to be a

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

uge problem.

It would be so much easier to find 5 people who want to invest $2,000. They would have

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

fewer people to deal with and $10,000, that is 4 thousand dollars more than they would have got at $20

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

Professional from academic institutions, pharmaceutical industries, health care indust

from 500 people.

They are disorganized and trying to get money from the wrong people. There are peop

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

e who have thousands of dollars lying around just looking for the right way to invest it. They can be

.

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

sold the dream if your numbers and organization is sound.

I just do not understand some people.

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

Companies that provide selfless information through particip

rget="_new" href="http://roguetreasurehunter.blogspot.com/">http://roguetreasurehunter.blogspot.com/

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

Did you ever wonder what the secrets are of the successful people in the world? The Great M’s top the chart as some of the reasons. They are Mentoring, Masterminding, Marketing and Motivation. Discover why and what you can do.

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E-Folder - Raising Money for Treasure Hunting

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