Subjects - Internet and Businesses Online

Buying online at auction websites such as ebay is becoming ever more popular and there are some great bargains out there to take advantage of. There are however risks involved and in thi

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

s article I am going to write about a bad experience a friend of mine went through, an experience which would cost him a lot of money.

I have used ebay many times in the past and have 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

t only bought a great many items but have also sold a few. I have to say it is quite a buzz and is a great way of offloading some of the things that I no longer have a use for. I have ev

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

en been surprised at the amounts of money some of these items have sold for.

During a recent evening out, I was discussing ebay with a friend of mine, his name is Ian. Ian has recently

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

ttempted to make money from online auctions and was hoping it would earn him a type of second income. He would buy a particular item at what he thought was quite a low price and would th

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

Combination pro

n re-list the same item a couple of weeks later, hoping he would make a tidy profit and some easy money.

One of his ways of attempting to pull off a good deal was by phoning or e-mailin

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

g the seller and offering them a price to close the auction early. In fairness to ebay this is something they strongly advise against and Ian is aware that he was taking a risk by doing

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

his. In his first few transactions everything went well and all of the items arrived safely and in good condition. He eventually made what he called a small but worthwhile profit on most

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

of the items. In his mind, the more he could buy and sell, the more he would make.

As no doubt you have gathered his luck was about to run out. He contacted via telephone, a seller of a

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

camcorder. Ian offered a price which was duly accepted. The seller advised him where to post the money to and agreed to post the item via registered post. Ian then posted him the amount

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

in cash, also registered post and then waited for the item to arrive. The camcorder did not arrive and Ian started to become slightly worried. He waited a number of days but still it had

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

Following aspects would a

not been delivered. He contacted the seller who stated that he had posted it. Ian asked him for the registered postal number and to his horror and annoyance the seller stated that he had

dd to the challenges in developing combination products:

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

not sent it registered post, but had sent it first class.

Ian argued, that what they had agreed to, was that he would post the item via registered post due to its cost. The seller deni

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

d agreeing to this and put the phone down in disgust at being called a liar. Ian tried by e-mailing and phoning the seller to obtain a refund but the seller just kept saying that he had

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

ent it, so he had no reason to pay him his money back. Ian will never know whether the camcorder was posted, however strongly believes it had not been.

Ian is aware that he had been a 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

it of a fool and had taken an undue risk. It is a lesson he has learnt from. There was no real comeback apart from possibly travelling two hundred miles to the address of the seller. Eve

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

Professional from academic institutions, pharmaceutical industries, health care indust

if he had paid via paypal, he had bought the item outside of ebay, which again ebay advise you not to do.

In conclusion if you are going to purchase items on online auction websites su

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

h as ebay, use your head and do not let greed cloud your judgements. There are many people out there who are more than happy to take you for a ride and to con you out of your hard earned

.

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

money. Follow the guidelines set and you are more likely to have a positive experience.

Ian now still uses ebay but not as a way to earn extra cash, he merely uses it for enjoyment. He

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

Companies that provide selfless information through particip

can not quite believe what he did and actually believes that he deserved it. He realises that if it had not have happened when buying the camcorder that it would have happened eventually

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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