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E-Folder - Why Your Company Needs its own Domain Name
With society becoming more and more technology savvy it always surprises me when a business owner wants to jump 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 into running business without having the basics. 10 years ago having a domain name was something to do if you w ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in anted your company to have an upper edge. But now, in 2006, it’s not optional. Every company big or small shoul lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. d have its own domain name. This should be especially obvious if your company is Internet based, however every c here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ompany can benefit. Having your own domain name gives you a certain look of creditability. I’ll give you an exa d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ple. Who would you rather do business with? An accountant that charges $150/hour whose email address is accountz 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 4u@yahoo.com or an account who charges $150/hour whose email address is Billy@AccountingService.com? If you thi 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 nk it doesn’t matter, then think again. With all the scams and fraud going on people are getting a lot more care nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically ful about who they make online purchases with. Do you want the first thing they see to be your free email addres 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 s? This brings me to the point that your company doesn’t have to have a website in order to use a domain name. ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi ou can benefit from just using the email account. Having an email address with your company’s name not only giv ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a es you a greater look of creditability, but it also allows you to brand your business. With each and every email dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod you send, your company’s name will be seen. If you don’t currently have a website, one day you might change yo cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin ur mind and decide to put one up. A lot of people are price shopping and gathering information from their comput tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen er before they even pick up a phone book or call directory assistance. You think you don’t need a domain name b 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 cause you can have a website that’s free? Big mistake. Don’t just put up a website on angelfire or geocities be ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust cause it’s free. Ask yourself, would I trust my personal and credit card information with a company whose websit y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products e address is www.freewebsitehosting.com/folders/business/sallyscomputers? How creditable is that? Also consider . 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 what would look better on a business card. That long web address or www.sallyscomputers.com. But you don’t hav elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip e to take my advice. If you don’t want to invest $10 a year for a domain name, don’t worry; your competitor will 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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