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There is a popular saying: the rich get richer, the poor get poorer. Well, how does th

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

at happen, exactly?

By creating assets that bring in residual income, the rich often

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

Examples of combination products may in

on't have to spend much time on these assets after a while, because they are bringing

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

in income even without the owner's presence. With more time, the entrepreneur is then

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

ble to create more assets which produce even more residual income, and he repeats the

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

Combination pro

process almost ad infinitum.

Leveraging on the Internet allows an individual to tap i

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

to the rich's power. By creating an online business that allows you to create residual

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

income, you can then move on to create more assets, slowly building your portfolio as

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

you go on.

How much does it take to start an online business? Not much. Although star

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

ting an Internet business was cheap to start with, nowadays it costs even lesser to st

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

rt one! A domain name costs less than $10 these days at many registrars, web hosting s

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

Following aspects would a

hould take up no more than $30 a month. Effectively anyone can start a profitable Inte

dd to the challenges in developing combination products:

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

net business for less than $50!

Let's look at the probable figures:

1. Domain name (

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

$7.95 per year)

2. Hosting ($3.95 per month/free)

3. Autoresponders ($20 per month/f

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

ee)

4. Stats tracker (free)

5. Payment gateway (free-$50 one time)

6. Web design (f

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

ree-$50)

7. Product (free-?)

8. Marketing (free-?)

9, Business registration (option

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

Professional from academic institutions, pharmaceutical industries, health care indust

l depending on location - $50-$400)

Your startup cost - $7.95-$500 Your operating co

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

st - $7.95/year or none + marketing outlay

What's more, you have the advantage of mar

.

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

eting your business to the world's biggest marketplace, 24 hours a day. Can you afford

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

Companies that provide selfless information through particip

not to take the opportunity to start an online business and start making money online

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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