E-Folder - Internet and Businesses Online

We have all read the stories in the papers - there are thousands of people making a liv

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

ing or making a part-time income on eBay.

Today I'm going to talk about the two main i

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

Examples of combination products may in

fluences of selling on eBay - and I will call this The Big Advantage and The Big Disadv

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

ntage.

Let's talk about The Big Disadvantage first.

The Big Disadvantage

eBay is a p

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

ace where bargain hunters go. Hence you may not be able to command a premium price for

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

Combination pro

our products. It is easy to compare the prices of similar products in the eBay marketpl

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

ce and get the best deal. This can create pricing wars which reduce your profits.

The

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

Big Advantage

How would like to tap into some (almost) free advertising? eBay really a

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

lows you to do this. All you need to do is set up your auction and you can expect a flo

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

d of targeted visitors. All this is done hands-off. Millions of people scour eBay every

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

ay for products, and instead of building a website up from scratch, you can leverage on

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

Following aspects would a

eBay's reputation and traffic.

One way to cut out The Big Disadvantage is to simply cr

dd to the challenges in developing combination products:

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

ate a unique product. This has to be an information product, because it is the only kin

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

of product that can be truly unique.

If I was searching for information on how to sel

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

l real estate, it's unlikely I would only buy one book on the topic. I will buy several

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

books to get more information. However, for physical products, I do not need to buy so

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

Professional from academic institutions, pharmaceutical industries, health care indust

any trampolines, refrigerators or tables.

One big advantage with information products

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

hich are digital is that they can be delivered immediately. The buyer does not have to

.

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

ait for weeks to get his product or pay for shipping. And you can automate the whole pr

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

Companies that provide selfless information through particip

cess - the buyer pays and receives his download automatically. This can be done on eBay

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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Merger and acquisition (M&A) activities seem to be on the increase. Companies who act as consultants and brokers play an important role in this, and ensure smooth and hassle-free deals. It is logical to seek their assistance if you are thinking of thinking of merging a company with yours, plan new acquisitions, or want to sell your business.

Is it a fad or not?, well in one respect it is and in another respect it isn't. It will stick around, but don't expect to make money selling pixels.

Third in a three-part series that provides tips and advice on how to increase your affiliate income.

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