Subjects - Business

Effective networking enables you to develop contacts with people who: share your personal interests, can help you get closer to

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

your goals or refer you to people and resources that can help you. Here are eight tips that will help you master the art of n

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

Examples of combination products may in

tworking.

Talk to Everyone You Meet. Talk to everyone you meet in professional settings, your place of worship, social functio

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

ns, on airplanes, on the bus or train and even while you're waiting in line. You never know who you might meet. While you don'

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

want to come across as pushy, there's nothing wrong with striking up casual conversations with a variety of people.

Show Genu

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

Combination pro

ne Interest In Others. Really make an effort to find out about other people's interests, hobbies, career aspirations and talent

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

s. If you have a contact or resource that could be of help, let the person know about it.

Develop A Thirty-Second Commercial.

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

Be prepared with a short, simple explanation that sums up who you are and what you do. The general idea is to peak the other p

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

erson's interest, not overwhelm or bore them. Use laymen’s terms to explain what you do. Keep it short, precise and sim

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

le.

Go Through Your Contact List. Go through your contact list and write a few words about each person like: where you met th

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

m, what they do, how they can help you and how you can help them.

Connect With People You Admire. A wonderful way for you to d

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

Following aspects would a

evelop lasting and mutually beneficial relationships is to connect with people who you respect and admire. People love to talk

dd to the challenges in developing combination products:

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

about themselves. And most people are willing to informally mentor someone who displays a genuine interest in their work.

At

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

Group Events Talk to Someone Who Is Standing Alone. Usually people who attend events by themselves welcome friendly and interes

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

ing conversation. Often people standing alone want to talk to someone, but they're too shy to initiate a conversation. Why not

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

et the ball rolling?

Don't Be Afraid to Approach A Group. Although it may seem awkward at first, don't limit your networking o

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

Professional from academic institutions, pharmaceutical industries, health care indust

pportunities by failing to approach people in groups. You can simply walk up to a group and say, " Hi, I don't know anyone here

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

May I meet all of you? " Most people will ask you to join their group or introduce you to someone else who is attending the

.

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

event alone.

Follow-up and Keep In Touch. Meeting someone once is not enough. You need to follow-up with a phone call, note or

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

Companies that provide selfless information through particip

e-mail and schedule a face-to-face meeting. Networking is only effective if you stay in touch.

Copyright 2001 by Cassandra Mac

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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Have you ever consider which jobs will be in the most demand in the future? Sure you probably have guessed a few. You see, there will be many jobs in the future that will be necessary to continue to probe tell our economy and run our civilization. For instance we need more engineers right now and in the future we will need even more.

What if government did not put so many onerous regulations in front of potential market winners? What if business really was fair and the government did not allow itself to be manipulated by competitors to attack new entrepreneurs?

Often the answers to complicated questions don’t lie within those most affected. Frequently the leader will need to look outside the organization for advice and wisdom. Advisory Boards do not vote, nor do they have fiduciary obligations. But, as the name implies, they exist for the sole purpose of advising the CEO and executive team...

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