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Advice Pool - Wealth-Building Trade Secrets
Wealth building for the wise is a trade. To do well in any trade you need to be prepared to learn
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
from long term members. In particular you need to behave in the way needed to give members the f
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
reedom to share trade secrets. Here are a couple of trade secrets to encourage you to seek out mor
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
.
Learn to See Value Where Others Do Not
Wealth-builders know that money works
Learn to See Value Where Others Do Not
Wealth-builders know that money works
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
hardest when they see value in an asset overlooked by others.
A good example in the real estate m
A good example in the real estate m
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
rket presented itself to me when marketing a three bedroom property on a busy city street. Such p
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
roperties are shunned by most buyers.
An early inquirer took me by surprise by saying, after the
An early inquirer took me by surprise by saying, after 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
uickest of inspections, that he would take it.
He'd discovered his tenants liked busy streets clo
He'd discovered his tenants liked busy streets clo
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
se to all amenities. He always had a waiting list of tenants. That made it easy to get his banker
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
o advance him 100% of the purchase price.
He found real estate value where few others had. He ha
He found real estate value where few others had. He ha
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
d done this at the age of 18 upon finishing High School. He is now 65 and owns more than 27 such
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
properties.
In All Things Give Thanks
Wealth builders are known for telling sto
In All Things Give Thanks
Wealth builders are known for telling sto
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
ies of how, in the early days of portfolio creation, they experienced a major setrback.
Those th
Those th
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
at had the right attitude still have money working for them instead of them working for money. The
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
right attitude was the Bible direction - "In all things give thanks" - which when followed saw the
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
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
ir situation turned around. Follow this direction, give thanks in your setback, and watch the bles
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ings flow.
Warning- fail to follow this direction, complain, and you could face bankruptcy.
You
Warning- fail to follow this direction, complain, and you could face bankruptcy.
You
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
can put these wealth-building trade secrets to work today. For your best wealth creation program
.
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
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
ll you need do is begin to Learn to See Value Where Others Don't and, In All Things Give Thanks.
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
Increase your blessings by sharing these trade secrets with others.
Copyright 2005 Kenneth Littl
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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