Business Articles

...continued...

With the advent of technology such as Jyve Pro, it is possible for us, all of us, to sell our time over the internet. We

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

all have something that is of value to someone. From the examples above, perhaps you could provide a review of an emailed x-ray in a discussion on

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

Skype. You could tutor children, anywhere, in your particular area of expertise. Or you could provide legal advice. Maybe you an expert in how to

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

remove red wine stains from cream coloured carpets. Regardless of what it is, there is value and you just need to know how to find the market for i

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

t and commodotise it.

The value in all of these can be delivered via voip, with minimal infrastructure cost, and charged on a time basis

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

Combination pro

. This type of technology will allow us to be more efficient, work far more flexibly and commodotise far more of our knowledge than has ever been 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

reviously possible. This is the future. This is Fractional Work.

So where do intermediaries come in all of this? What's not going to wor

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

k in a distributed work environment is everyone searching for everyone. This takes time and therefore costs money. Bring in the intermediary. Inter

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

mediaries will broker introductions and deals, in a similar way to recruitment companies operate now (although hopefully much better). The differen

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

ce? They will be virtual, you don't need to meet with anyone, you just need a need.
Online Intermediaries are the millionaires of the future.

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

eople with truly global reach who understand both their clients requirements and their associates value offering.
This is not a new concept. S

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

Following aspects would a

arkar, Butler and Steinfeld wrote about this in their paper on dd to the challenges in developing combination products:

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

s">cybermediaries. Camrass and Farncombe referred to this role as the Webspinner in their book cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

/">The Atomic Corporation.

Establishing yourself as a cybermediary will be easy, perfecting it will not. The early adopters w

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

ill gain a swift and massive advantage over their competitors that will be difficult if not impossible to react (successfully) to. If you're intere

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

sted in being ahead of the game, get in touch.

Now there is only one thing left that can make this fail in it's entirety - trust. You wi

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

Professional from academic institutions, pharmaceutical industries, health care indust

ll need trust before you're willing to offer an individual some work. You will need trust before you engage with an intermediary. The quicker you d

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

o this, the quicker you will win clients. Now you're building a reputation, this creates implicit trust with potential new clients. Now all you've

.

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

got to do is keep up.
Clearly, there is a killer app' - Trust is the killer a

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

Companies that provide selfless information through particip

pp

PS: The team of us at Winning By Sharing are a virtual team with geographic spread and all involved in various different ventures

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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What if there were a way to *prove* to any sane employer that you alone were the one to hire? There is. And you can learn it in 2 minutes. Starting now ...

Creative Destruction is a useful concept to think about at all times in business. I would suggest that creating may be hard, but it does lead to growth. If you stay as you are - you will outlive your usefulness.

Architects, the good ones always seem to have lots of work, from referrals and such, but it was not always that way, you see they had to get the clientele in the first place, do a great service and then those folks had to tell their friends and so on and so on.

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Business Articles - Outsourcing, Virtual Teams and Cybermediaries - Part 2

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