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Online auction sites are set up in such a way that they can be very profitable both for you an

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

d for the auction house itself. But, what most people do not realize is that there is a world

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

Examples of combination products may in

that is beyond that of Ebay! Yes, there are many other online auction sites for you to consi

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

er. Take a look at your options and see just what they offer you before you get started biddi

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

ng on the web.

Let’s face it, Ebay is the largest online auction site. It has become so very

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

Combination pro

successful because of its vast marketing plan and the ease of use it offers users. Everyone k

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

nows that if you can find something in the local retail area or you can find it online that yo

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

u will likely find it right on the Ebay auction site.

So, how does it all work? Online aucti

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

n sites are set up to allow for a meeting place of bidders and sellers. They do not sell prod

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

ucts themselves but provide a meeting environment for you to find the people you are looking f

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

r. Of course to list a product to be sold, or in some cases to purchase a product on the web,

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

Following aspects would a

you will be charged a fee. This is a necessary part of doing business on these websites but

dd to the challenges in developing combination products:

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

in cases like Ebay, it has become an excellent source of revenue as well

So, who else is out

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

here? There are other online auction sites that you should take a good look at. These includ

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

e the following:

• TradeMe
• Yahoo!
• EBid
• Internet Bargain Center
• Ma

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

ktplaats
• Bidville as well as many more

There are many benefits to using these online a

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

Professional from academic institutions, pharmaceutical industries, health care indust

uction sites include ease of connecting with prospective buyers, the use of 24/7 availability,

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

and worldwide exposure to say the least. Many people find excellent reason to get into the o

.

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

line auction site as a business as well. There is no limit to what can be found on these webs

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

Companies that provide selfless information through particip

ites. Taking a look at those that are less well known can be an excellent opportunity as well

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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