E-Folder - Internet and Businesses Online

The internet and world wide web are the wonders of the century, and eBay is one of the marvels to spring from it.

However, like all good thin

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

gs there is a downside, and that is it provides a fertile ground for fraud and deceit.

Fraud on the internet borders on being out of control

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

Examples of combination products may in

and about 65% of reported fraud emanates from eBay.

I’ve been a user of eBay, mostly as a buyer but with a small amount of selling experi

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

nce, for six years and generally my personal experiences have been positive.

But I have had a couple of bad experiences, one serious, and I

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

m a student of the subject of fraud, due to the subject of my web site.

Ebay and it’s sister organization Paypal do a lot passively to ass

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

Combination pro

st users, in their tutorials, but I feel they are not pro-active enough.

For one thing eBay downplays the problem and quotes very low

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

ercentage figures for fraud. The problem is that the volume on eBay is so immense that one tenth of one percent represents many millions of do

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

lars.

Another factor is that they have provision on their web site for reporting scams but they discourage it’s use. If anyone posts anything

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

too sensitive they are knocked off.

This is somewhat understandable but as a consequence they have encouraged people to publish anti-eBay we

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

sites. They should wake up and “Smell the Coffee”.

They are also encouraging more than normal competition, much of it not as desirable as we

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

d like it to be.

This problem goes far beyond just eBay it’s affecting all internet business.

Internet business only represents about 4% of

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

Following aspects would a

the total and should grow at a tremendous rate. The potential is beyond the imagination. There are many advantages to internet marketing and f

dd to the challenges in developing combination products:

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

nancial advantages are passed on to the consumer.

This constant well published barrage of complaints is inhibiting the growth of buying on th

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

internet. Many of my acquaintances will not buy on the internet because they fear being ripped-off, and they have good reason to be fearful.

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

This is not meant to denigrate eBay but is meant as a “Heads Up “. eBay certainly has the financial means and the talent to mount an aggressiv

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

campaign to control fraud and they should do it and soon.

They don’t even prevent fraud in their own back yard. One example is to do with sh

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

Professional from academic institutions, pharmaceutical industries, health care indust

pping charges. Many dealers pad their shipping charges to compensate for eBay and Paypal fees, because their profit margins are thin.

But I’v

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

seen a selling price of 99 cents for a new computer with $420.00 in shipping and handling. This is outright fraud.

I figure if a seller will

.

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

cheat eBay they’ll certainly cheat me. I believe lowering their overall fees and assessing them on the total sale would put a stop to this ab

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

Companies that provide selfless information through particip

se. It would benefit honest sellers as well as buyers. Also in this case if I had to get a refund I would get 99cents back. Give me a break!!

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

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.e-folder.org.ua/article/56440/e-folder-Fraud-is-Rampant-on-eBay.html">Fraud is Rampant on eBay</a>

BB link (for phorums):
[url=http://www.e-folder.org.ua/article/56440/e-folder-Fraud-is-Rampant-on-eBay.html]Fraud is Rampant on eBay[/url]

As we turn to the search engines to research for information and experts, it is important that we are found online. Today it is imperative that you make sure that your personal brand online reflects what you want to be known for.

Looking for a job as an Art Teacher? Be ready for an intense and specialized interview! Learn 8 common questions for art teacher interviews!

For some, planning a business exit can be a predictable, methodical process. We know the competition; we understand market demands, know when we want to sell and might even know the actual date. But for far too many business owners, the business exit comes as a harsh reality and often unplanned event.

Tags

Links

E-Folder - Fraud is Rampant on eBay

Related Articles: