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Wiki Articles - Great Products, Great Service and Great People = A Great Business
Are you interested in having a Great Business? Sure you are and it is not as h 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 ard as you think. In fact consider if you will what the customer really wants. ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in They want a friend to sell them a great product and give them terrific service lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. But as consumers and customers how often do we really get that? Well not so here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ften and when someone or some company gives that to us whether it is a small b d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro siness or Large Corporation, well we tend to remember it don’t we? Even 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 better we go tell all of our friends and add a “Buzz” or create fr 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 sh new word of mouth advertising for that company. Consider yourself one of t nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically eir many new salesmen and the better the products, service and people at that 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 ompany are the more “Free” salesmen out promoting them. And let&rs ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi uo;s face it; testimonials from happy customers are in fact the best advertisi ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a ng any marketing consultant could ever come up with no matter how many marketi dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod g books he wrote, even if he wrote 3-marketing books; the fact is you cannot t cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin ump Great Products, Great Service and Great People in the market place. No co tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen petitor or advertising specialist or even self-proclaimed marketing consultant 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 can beat that. You see customers know when your employees have a fake smile an ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust d they know when they genuinely care. So when you have great employees, well t y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products ey will know it and feel it. People are not stupid when it comes to who is a . 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 riend and who is foe. As far as great products and great service, well you bet elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip er have that or your competition will slaughter you. Consider all this in 2006 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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