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Other Articles - Business is Very Similar to Understanding the Game of Hockey
Have you ever walked into a busy retail store, and heard a patron say, “this place must be
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
making a fortune”? Obviously this analysis is simply based on the amount of people in the
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
store at the time. Then maybe a year later, the same establishment closed. That very same
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
patron might wonder what happened.
Many people love to watch the game of hockey, why is t
Many people love to watch the game of hockey, why is t
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
at?
They understand how the game works; enjoy evaluating and observing their favorite pla
They understand how the game works; enjoy evaluating and observing their favorite pla
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ers in action. These fans will keep themselves up to date, go to the actual games, have lo
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
ng discussions with friends, watch the sport shows, and read the newspapers. Through these
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
means they can study the players, know their stats, and can give an educated opinion on th
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
game of hockey. Most of these types of dye hard fans are very passionate about the game,
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
and some might agree with me when I use the term obsessed. If some of these fans would con
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
ider dedicating themselves the same way in business, they could be very successful!!!
How
How
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
does hockey relate to understanding business?
• The player’s would be your employees.
• The player’s would be your employees.
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
• Your fans are the loyal customers.
• The referee’s is the governmental bodies who
• The referee’s is the governmental bodies who
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
enforce the laws.
• The stats are your business numbers.
• The passion comes fro
• The stats are your business numbers.
• The passion comes fro
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
within.
Final thought
It is very important to have the right business training before v
Final thought
It is very important to have the right business training before v
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
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
enturing out on your own. This way you have a clear perceptive on how the game works, and
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
hat it will take to be good at it. The patron in the store was just an impressed fan, but
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
id not know how to play the game. There is nothing wrong with that, and everyone is entitl
.
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
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
ed to an opinion. However maybe the next time you hear someone say, this store is making a
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
fortune, hopefully you will have gained some better awareness about the game of business!!
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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