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  • E-Folder - The Internet - The New Wave?

    Many people wrote off the internet after the dot com boom and bust. Because many people were burnt by
    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
    flash in the pan companies that while big on promises failed to deliver and lost money big time. Peo
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    le saw the huge potential of the internet, but didn’t understand how business would work on the intern
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    t. Many wrongly assumed that it was just a case of taking traditional business practices and putting
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    them online. They were wrong and it cost millions. The internet is so vast and spans the globe that
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    ew ways of doing business were needed. Those who learnt these lessons stood and still stand to make f
    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
    rtunes.

    A decade later and people are now wiser and the internet has indeed made many millionaires, b
    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
    ut these people had learnt how to manage the new beast. Indeed the huge internet success stories were
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    companies like Google which realised that to be successful on the internet took a team approach and th
    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
    t the more people involved the better for them, even if that meant sharing some of the profits.

    Thus
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    e now have the highly popular Google adsense and adwords programs. Now just about anyone can register
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    to join and place Google adsense on their sites and blogs and earn anything from some nice pocket mon
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    y through to tens of thousands. And it is dead easy to do. Google learnt the lessons your customers
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    an also be your best advertisers. Never before has it been so easy for anyone to earn money online.
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    Others have also realized that to be successful on the internet requires sharing the profits around.
    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
    ence the increase in affiliate programs.

    Another company that’s shares its revenue with its stakehold
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    rs and customers is Global Domains International. It realizes that it customers who use its domain na
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    me and web hosting services will also be its best advertisers so it not only provides these services b
    .

    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
    t provides the opportunity for happy customers to earn income through its MLM program, up to 60% of re
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    enue in fact is shared back with stakeholders. The question is why aren’t you one of the stakeholders


    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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