Subjects - Business

Here are ten fundamental concepts that characterize an effective mee

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

ting.

Definition: A meeting is a business activity where select peo

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

Examples of combination products may in

ple gather to perform work that requires a team effort.

A meeting,

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

like any business event, succeeds when it is preceded by planning,

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

characterized by focus, governed by structure, and controlled by a

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

Combination pro

budget.

Three things guarantee an unproductive meeting: poor planni

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, lack of appropriate process, and hostile culture. Effective le

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

ders attend to all of these to create an effective meeting.

Effec

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

tive meetings require sharing control and making commitments.

Short

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

meetings free people to work on the essential activities that repre

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

sent the core of their jobs. In contrast, long meetings prevent pe

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

Following aspects would a

ople from working on critical tasks such as planning, communicatin

dd to the challenges in developing combination products:

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

g, and learning.

The ultimate goals of every meeting are agreements

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

, decisions, or solutions. Meetings held for other reasons seldom

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

roduce anything of value.

Unprepared participants will spend their

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

time in the meeting preparing for the meeting.

It is better to sp

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

Professional from academic institutions, pharmaceutical industries, health care indust

end a little time preparing for solutions than to spend a lot of tim

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

e fixing problems.

Meetings are an investment of resources and ti

.

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

me that should earn a profit.

A meeting can be led from any chair i

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

Companies that provide selfless information through particip

n the room. And if it’s your meeting, you want it to be your chair

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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