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Has this ever happened to you?

You've been watching an auction like a hawk, and your excited that you are one of the only bidders. Y

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

ou know you can sell this product on and that it will make you good money.

However, in the final half hour your auction gets swamped

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

Examples of combination products may in

with bidders and you come to the sickening realisation that you have completely wasted your time.

Well, you'll need to be a lot shar

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

er than this when looking for a good deal. To be an effective Bargain Hunter, you'll need to take these tips on board:

(1) Don't ge

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

Emotionally Attached to One Auction

I admit that I've been affected by this disease ...it's quite common since most of us are very

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

Combination pro

ompetitive, and hate to lose. To get your bargain you should analyse the deal And make a quick decision on how much you are willing

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

to pay.

It is impossible to win every bid, and it is essential to bid on as many as you can to stack the odds in your favour. You

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

an use bidding software that will bid for you automatically and at the date and time of your choosing.

An effective Bargain Hunter s

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

ends most of his or her time finding good deals, and not getting emotionally Attached to a deal that could fall through.

(2) Speci

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

lise in One Product Category ... Initially.

This is essential.

Why?

Because if you specialise then you will know the products that

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

you can buy for a steal and then sell on for a killing. For example, if you concentrate on Digital Equipment, you may another sub-ca

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

Following aspects would a

tegory of products that is completely off the radar of your competition, and that you can pick up at great prices.

Contrast this wit

dd to the challenges in developing combination products:

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

a Bargain Hunter who jumps from one product category to another, never developing the depth of knowledge required to buy under value

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

products.

Once, and only once you know a category like the back of your hand should you ...

(3) Research Other Product Areas of In

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

erest

Now I know this may sound contradictory, but it isn't. Follow step two first, and then do a little part time sleuthing. Spen

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

and hour or two doing a bit of market research to find a good niche.

There are third party solutions provided by Amdale, Hammertap,

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

Professional from academic institutions, pharmaceutical industries, health care indust

and Terrapeak that you can use. Then, step by step, you can master a few categories and find much better deals. Over time it is g

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

od to have your fingers in many pies, because if one of your product specialties falls flat, you have another to back it up.

In conc

.

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

usion, a Bargain Hunter should focus attention on one or two product areas. Bid on as many products as possible; use the law of avera

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

Companies that provide selfless information through particip

es in your favour - eventually you will succeed. Then expand in other catagories to make even more money, and increase your security

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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Business Articles - Are You an Ebay Bargain Hunter? If So Read These Winning Strategies

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