Subjects - Business

Every year, Congress allocates billions of dollars in the form of free grant money to aid major projects that would ultimately benefit communities. Allotment for education

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

grants alone reached an estimated $67 billion annually.

Free grant money can be availed of from various government agencies. But this free grant money does not come witho

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

Examples of combination products may in

t a price tag. This may sound ironic but free grant money is not exactly for free in the truest sense of the word. With free grant money come obligations, responsibilitie

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

and consequences. These are legally binding too because the use of free grant money entails use of public funds which must be properly accounted for. Free grant money is

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

ctually your compensation for accomplishing certain obligations. Free grant money is something you have to work for to attain. Free grant money does not just fall on your

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

Combination pro

ap with a minimum effort. In short, free grant money does NOT come for free.

There are various resources to be able to acquire free grant money from the government. Presi

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

ent George Bush recently launched GovBenefits.com website which contains information on where can avail of free grant money. GovBenefits.com can give you valuable info the

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

free grant money to avail.

If you are an entrepreneur and would like to open a new business or improve an existing one, the government has free grant money program for you

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

too. Economic development agencies that extend free grant money exist in the different states. Free grant money information can be found in Kansas, Nebraska, New Hampshire

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

New Mexico and Utah websites. The rest of the states do not have free small business grants but do offer financing and technical training services to individuals who want

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

o go into small business through the U.S. government’s Small Business Administration (SBA) program.

The Catalog of Federal Domestic Assistance (CFDA) also offers info on h

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

Following aspects would a

ow to avail of free grant money. Their website http://www.cfda.gov/ gives valuable info on how to avail of free grant money from the Congress’ approved funds. But CFDA i

dd to the challenges in developing combination products:

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

useful only to people who have insight into the grant application processes. Otherwise, it would be hard for you to understand the CFDA entries on each program. And you’re

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

grant application might be rejected because of that.

For students, free grant money information could also be found on Free Application for Federal Student Aid (FAFSA) web

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

ite http://www.fafsa.ed.gov/. The FAFSA is a seven-step guide that inquires about your personal details, financial status, school plans and many others. In 2002 alone, 6 m

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

llion students have availed of free grant money through the FAFSA.

Free grant money under the discretionary programs by the government such as those listed in CFDA require

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

Professional from academic institutions, pharmaceutical industries, health care indust

going through a lengthy often grueling process. A formal application must be prepared and submitted. After that the concerned agency will consider and approve or disappr

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

ve the application. Then the implementation will be subjected to a lot of further requirements like accounting, disclosure and auditing of expenses to the last cent.

Some

.

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

rganizations would even hire full-time staffs just to take care of the application and implementation processes. “Grantsmanship” is the term used to refer to the art and s

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

Companies that provide selfless information through particip

ience of applying for grants. The government can be pretty meticulous on how it spends its money. The Grantsmanship to apply for free grant money takes a lot skills indeed

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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Subjects - Free Grant Money

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