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Advice Pool - Alternative E-Commerce Solutions
Over the past several years, the Internet has emerged as a breakthrough technology that has and will continue to transform the way we live and communicate, and especia
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
lly the way we do business.
No matter if you are selling a product or a service, the Internet is a means of reaching markets that had otherwise been unreachable in th
No matter if you are selling a product or a service, the Internet is a means of reaching markets that had otherwise been unreachable in th
; 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
past. And, it also provides ease of purchasing and selling almost anything online…also known as E-Commerce.
But, for many businesses, especially start up and small t
But, for many businesses, especially start up and small t
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
mid size businesses, having a website that includes the usual E-commerce capabilities is just not in their budgets. Setting up merchant accounts and secure servers ca
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
get quite costly.
So, if you are really wanting or needing to have e-commerce capabilities on your website to sell your products, but your budget just won’t allow it
So, if you are really wanting or needing to have e-commerce capabilities on your website to sell your products, but your budget just won’t allow it
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
there are a variety of alternatives to the expensive online route that you can consider.
Your first choice allows you to accept credit card payments but without a se
Your first choice allows you to accept credit card payments but without a se
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
ure server. Some financial institutions, which offer credit cards, also offer Traditional Merchant Accounts. This allows you to manually verify credit card information
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
from those that want to purchase from you. But, you should be aware, if you ask for credit card information from your website without the guarantee of a secure server
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
you may run into hesitation from potential customers.
Another alternative to the expensive merchant account is to accept cheque payments online. For this you will ne
Another alternative to the expensive merchant account is to accept cheque payments online. For this you will ne
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
d to acquire software or a program that will allow you to print MicroPrint (the small numbers and characters at the bottom of a cheque… ie. routing #, account #, etc.)
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
There are several cheque writing programs available, including those found at Checker.net and Checkman.com.
The procedures involved to use this payment method are to
The procedures involved to use this payment method are to
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
first set up a form on your website. You then send an invoice to your customer with direction to the cheque-form page, which they must fill out and submit, via your cg
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
program. You then verify the funds and information and then the software prints the cheque on special cheque paper, which you can purchase at most business supply sto
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
es.
You can also have the above type service online, via such sites as Paybycheck.com.
Another alternative, which is rapidly becoming the choice of many online produ
You can also have the above type service online, via such sites as Paybycheck.com.
Another alternative, which is rapidly becoming the choice of many online produ
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
ct and service providers, is Online Payment Systems. There are several of these systems available but I have only found one that has features available to Canadians. C
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
lled PayPal.com, this service allows you to set up an account with them and they verify the credit information of those buying from you. Now, many features that this s
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
stem has to offer are still limited for Canadian retailers but you are still able to set up an account, bill your clients, and receive payments into your Canadian bank
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
account or credit card account with only minor service charges being applied.
Taking advantage of the expansive market of the World Wide Web does not mean that you ha
Taking advantage of the expansive market of the World Wide Web does not mean that you ha
.
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
e to go bankrupt. You can still get on the E-Commerce bandwagon and accept payments with the above listed services and other alternative payment systems that may be av
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
ilable. Actually, most of these services are all that the average small business, especially those in the service industry, really need. And they don’t cost a fortune
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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