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What do you think is the number one wish of the average woman when it comes to her work/career life?

I recently did a survey of 100 women, single, marri

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

ed women/stay at home moms, and divorced women with children, in which I asked the question, “If could decide what your work life would look like, what w

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

Examples of combination products may in

ould you choose? The overwhelming majority answered one of the following ways:

a) Start my own business, be my own boss, make my own schedule b) Do som

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

e type of work that I could make a good living, and have the ability to stay at home with my children.

Their greatest wish with regard to their work/car

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

eer lives was to have the ability to either run their own businesses, or have the ability to make money at home.

The married women/stay at home moms tha

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

Combination pro

t I interviewed told me that their wish for starting their own businesses was to contribute to the household income, whether or not it was a financial ne

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

cessity. The divorced women in the group, wanted not to be completely dependent on child support, so that if and when it no longer existed, they did not

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

have to worry about what they were going to do for money.

According to the National Foundation for Women Business Owners, and the U.S. Census Bureau, "B

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

etween 1997 and 2004, the estimated growth rate in the number of women-owned firms was nearly twice that of all firms (17% vs. 9%), employment expanded a

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

t twice the rate of all firms (24% vs. 12%)."

Those are some incredible numbers. More and more women are starting their own businesses. It seems to be t

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

he way to go. Back in 2001, I started my first business. I’ve since started two other businesses, all of which I diligently work at from the comfort of m

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

Following aspects would a

y home office. Granted, one of them requires that I be ‘out in the field’ from time to time, but I wouldn’t trade it for a regular nine to five for all t

dd to the challenges in developing combination products:

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

he money in the world.

I know many women who have started their own successful businesses. Most of whom started (as I did) as the result of a divorce. I

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

have one friend in particular, who used to have constant arguments with her ex-husband about various issues. When they would argue, he would ask her lou

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

dly, “Should I call my lawyer?” Every time he asked that question, she would quietly say “No.” Little did he know she was working toward opening her own

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

daycare center. When all of her ducks were in a row, they had another argument, at which time he asked his usual question, “Should I call my lawyer?” Thi

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

Professional from academic institutions, pharmaceutical industries, health care indust

s time, she looked him dead in the eye, and replied, “Yeah. You should call your lawyer. Get him to call my lawyer. Here’s his card. We’re done.” She now

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

owns and runs a successful daycare center from her home. She also has a 6 month waiting list of children, who are waiting to get into her daycare.

Are

.

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

you interested in making your own money at home? From typing at home, to starting your own catering company, some of the best home based business opportu

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

Companies that provide selfless information through particip

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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