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Advice Pool - How Dishonest is Your Competition?
If you're in business you know that often the competition can be quite dishonest and often they will go to length
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 to hurt your business. In fact in all my years in business I have seen just about every single trick they can
; 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
ossibly be played against me. Every single tactic, bad mouthing and you use of even government agencies to attac
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
k.
In the 27 years in business I have seen by competitors use Associates in business to help them in getting inf
In the 27 years in business I have seen by competitors use Associates in business to help them in getting inf
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
rmation. I have watched competitors try to go through thru vendors, bankers and VC. I have seen customers who wer
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
e not actually customers pretend to be somebody they were not simply to get information, brochures, prospectuses,
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
disclosure documents, tax returns and you name it. It is called corporate espionage and the even write books abo
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
ut it. In fact you can get a degree in corporate espionage believe it or not.
So much for a level playing field
So much for a level playing field
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
when your competition is cheating. What is even worse is often these competitors use the government, which colle
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
cts information on forms and makes all this information free to the public. It's amazing that the government now
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
says it is going to protect the consumer and small-business person against identity theft, as generally the gover
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
ment is the one that asked for the information and it makes it available to anyone who wants it.
Often we find t
Often we find t
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
hat competitors when caught trying to get information from you will say everyone else does it. Indeed, maybe the
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
do, but does that make it right. It is unfortunate that competitors will not compete in the free market and wil
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
l teach in any way they can to beat you. In my business career we always beat the competition so they were alway
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
beating down our doors calling up and pretending to be customers, government agencies or even vendors. Sometime
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
s they would enlist the vendors to snoop for information from us.
In business you must run your own race, but at
In business you must run your own race, but at
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
the same time he needs no or your competition is at all times and you must protect yourself from giving away info
.
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
rmation inadvertently to competitors who will use that information against you. You must develop a strategy to p
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
otect yourself from dishonest competitors and always know who you are dealing with. Please consider this in 2006
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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