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  • Subjects - Out of the Cubicle and Into Business - Book Review

    This is a fantastic reference if you are thinking about going into business and want the rigor and disci
    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
    pline to ask yourself all the challenging questions before you start. Lea walks you through all the aspe
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    ts of starting a business, from deciding what your business will be, putting together a complete busines
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    plan, and setting up the legal entity that will be "your business".

    Along the way she poses 114 questi
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    ns that every entrepreneur ought to be able to ask themselves...and yet many of us fail to do so until w
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    are already in business and things aren't going the way we planned! Space is provided right in the book
    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
    to write your answers, so you don't even need to fret about starting up the computer to get started. 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
    icing on the cake lies in the narrative around the questions, giving these queries depth and increasing
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    your understanding of why they are so important.

    Add in the "Perspectives", little pieces of informatio
    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
    that make you look at business in a different way, and you have a dynamite book. My favorite is her per
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    pective titled "Business Plans - It's not the Document"; which explains that the goal of doing a busines
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    plan isn't just to get the document written -- rather, it is to ask the probing questions and really ge
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    a good feel for the feasibility of your business model.

    The book includes a section on the different l
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    gal entities you might choose for your business, choosing how you are going to keep track of your busine
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    ss financially, and several other considerations. Plus a complete Glossary of Terms.

    I recommend this b
    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
    ok for those that might otherwise explore business planning software (which is costly and really unneces
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    ary, in my humble opinion!) for its complete coverage of the basics and beyond.

    Out Of The Cubicle And
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    nto Business: 114 Questions To Answer Before You Make The Move From A Corporation Or University Job Into
    .

    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
    Your Own Business! (Paperback)
    by Lea A. Strickland (Author)
    Paperback: 200 pages
    Publ
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    sher: Authorhouse (February 28, 2005)
    ISBN-10: 1420831305


    © Copyright 2005, Terri Zwierzynsk


    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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