Business Articles - Internet and Businesses Online

1. Know the value of the product before you bid. If the product is brand new, check to see what price retai

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

lers are charging for it. If the product is used or reconditioned, you will want to pay way less than the r

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

Examples of combination products may in

tail value.

2. If the product's description or picture isn't detailed enough for you, contact the merchant

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

o get more information before you bid. You don't want to take a chance to waste your hard earned money.

3.

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

Know the highest price you will bid for the product and stick with it. Don't get caught up in a bidding war;

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

Combination pro

you may end up paying more than the product's worth. Don't forget to add in the shipping price with your b

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

d.

4. Visit a few online auctions before bidding because some merchants auction the same product in many a

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

ctions. You usually can purchase the product for a lower price in a unpopular auction because there are les

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

bidders.

5. Know the time the auction begins and ends. You also want to know how long it will take to ship

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

. If you need the product by a certain date, you'll want to estimate the time it will take to receive it.

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

. Know the payment options the merchant accepts before you bid on their product. If they only accept checks

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

Following aspects would a

or money orders, it may take even longer to get the product because the payment has to clear. If they accep

dd to the challenges in developing combination products:

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

credit cards make sure they have a secure server.

7. Know if the merchant offers a warranty or money back

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

guarantee or before bidding on a product. You don't want to get stuck with a product that does not work or

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

you're not satisfied with.

8. Online auctions will, sometimes, allow you to check the merchants history wit

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

their auction. Check to see if people have complained about the their products or business practices befor

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

Professional from academic institutions, pharmaceutical industries, health care indust

you decide to bid.

9. It's important to place a bid early in the auction to show other bidders you are int

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

erested in the product. If someone does out bid you, don't be afraid to out bid them. Remember not to go ov

.

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

r your maximum bid price.

10. Another reason to know when the auction ends; you can place a last minute bi

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

Companies that provide selfless information through particip

. The other bidders may not be keeping track of when the auction ends or may not have the time to bid again

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.businessarticles.org.ua/article/56465/businessarticles-10-Things-You-Should-Know-Before-You-Bid-On-A-Business-Product-From-An-Online-Auction.html">10 Things You Should Know Before You Bid On A Business Product From An Online Auction</a>

BB link (for phorums):
[url=http://www.businessarticles.org.ua/article/56465/businessarticles-10-Things-You-Should-Know-Before-You-Bid-On-A-Business-Product-From-An-Online-Auction.html]10 Things You Should Know Before You Bid On A Business Product From An Online Auction[/url]

Blogs allow anyone with an Internet connection to reach a potentially large audience with minimal cost. With such a far-reaching impact, it's no wonder businesses large and small are jumping on the blog bandwagon. Yet despite the surge in blogs, very few media training firms include blogging in their programs. Here are 5 steps to a powerful blog.

Small business owners often overlook workers compensation insurance. The fact is that, unless you're in Texas, you must compensation for your employees in the case of work related injury. Options for providing coverage vary from state to state and can be extremely confusing. This article will shed some light on the basics of workers comp.

Regular readers of this newsletter and my newspaper column know that I am a big fan of eBay's About Me Page feature. This is a special page you can create as part of your eBay account that is linked from your eBay ID (with a little About Me icon). You can use your eBay About Me Page as a sales tool.

Tags

Links

Business Articles - 10 Things You Should Know Before You Bid On A Business Product From An Online Auction

Related Articles: