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Business Dump - You Are Not Your Stuff
We humans are a funny, funny breed. We spend our entire lives working and working and working to acquire ‘stuff’. We buy and sur 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 round ourselves with the biggest, fanciest this or that when all the while what we really need and want is something you can’t b ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in uy anywhere. The thing we all spend our time doing is looking to experience a feeling of significance. It seems most of our acti lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. ons are rooted in and motivated by our desire to either gain significance or maintain the significance we believe we’ve achieved here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe . I believe that if you take a hard look at what motivates the majority of your actions you’ll begin to see that this is true. Y d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro u want to feel like you count. You want it to matter that you’re around. Here’s some news... You are not your stuff. Stuff does 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 n’t make you significant. You’re not any bigger because you have a big house. You’re no more significant because your car is fan 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 cier than your neighbors. Oh sure, these things may help you feel better for a while, but over time the illusion is broken down. nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically Just like an illicit drug, the stuff makes you think things about you that aren’t necessarily true and once the high wears off 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 you’re right back where you were before the trip. Now don’t get me wrong. Having bigger, better, nicer stuff is not a bad thing ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi it just needs to be understood and kept in perspective. It needs to be remembered that this stuff does not make you you. What m ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a akes you you are the things that you really can’t even see or touch. Things you can only show off, ironically enough, by being y dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod ou. What makes you you is the way you feel when something happens that makes a REAL smile wash over your face. One of those smi cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin les that your whole body gets into. What makes you you is the size of the smile in your heart when your child falls asleep in yo tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen ur lap. These things that make you you cannot be bought in any store. Not even a Wal-Mart Super Center. (That’s about the only t 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 hing you can’t get there though.) Your are not your stuff. That’s what I stopped by to tell you this week. You’re much more tha ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust your stuff. Sometimes that seems to gets lost in the shuffle. If you’ve been busy chasing and trying to acquire things I’m hopi y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products ng you’re starting to realize things are a poor substitutes for the real stuff. Nothing can replace the feelings. Stop trying to . 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 buy your way to the feelings you want. Save your money. Just FEEL. Maybe who ever said "the best things in life are free" was elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip right... Just a little something to think about. Thanks for sitting with me. Live some. Love some. Learn some. Everyday. C.. 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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