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So what do we mean by a ‘win-win’ situation when it comes to Fund Raising? Simply put, people do things more willingly if they “get something out” of what they are doing even

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

if it is just a ‘pat on the back and a little recognition’. This is especially true when it come to raising funds. Now imagine if instead of just giving people a “supportiv

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

Examples of combination products may in

e thank you” you were in a position to actually ‘pay’ people to help raise money for their favourite charity or group trying to fund raise?

Well this is possible with the adv

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

ent of the Internet and taking advantage of all those Networking or multi-level-marketing businesses that have shot up all over the Net. Without going into too much detail he

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

re there are hundreds of reputable companies using this system to market their goods or services to the public.

Businesses that have been using this method successfully have

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

Combination pro

een doing so now for almost a century but the concept goes back to biblical times. In fact most religions started in this way – take Jesus Christ and his 12 followers!

To ex

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

plain this concept in a very simple way businesses pay people to introduce others to their products or services and in turn pay those people who were introduced to do the same

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

thing. This payment method goes down several levels and therefore the one who is on the top level gets a cut of all the work or income generated by those under them.

Right

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

now one could be asking what all this has to do with Fund Raising but all we have to do is use our imagination and turn things around a little. If the group or Fund Raising 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

ccount or committee were to be come the ‘top dog’ in a related “network or MLM” company what would happen?

Say a group of three people were in a committee wanting to raise fu

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

ds for their children’s schools cooking classes. Fund raising with this idea would be very simple. One would simply source a business related to cooking, dining out, gourmet

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

Following aspects would a

food or wines for example. A network business or MLM club that offered advice and a newsletter on any of these subjects and had a small subscription fee attached to becoming

dd to the challenges in developing combination products:

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

a member, would suit the purpose.

The group of people would enroll their Fund raising committee in the club and pay its membership fees to start with. Then each of the comm

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

ittee members would join under the committee’s account or affiliation. Now the committee starts to earn income from its three original members to cover future subscriptions a

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

nd the members themselves can do the same. It’s not a big step to get the students and their parents involved too.

You have created a ‘win-win’ situation for everyone involv

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

d in this Fund Raising project!

From this point and with the aid of the Internet, how difficult would it be to make contact with other schools in the same position – wanting

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

Professional from academic institutions, pharmaceutical industries, health care indust

to do a little Fund Raising themselves? Get them to duplicate what you are doing by having them join under your committee and you are well on the way to having Fun Fund Raisi

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

ng! Did you know that just having three people contact three others every day and having them do the same it is possible to contact over a billion people in less than 20 days

.

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

?

Now think about it for a moment. No matter what kind of funds you are trying to raise - be it for a local animal shelter, battered wives and children shelters, your childr

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

Companies that provide selfless information through particip

en’s school or even a soup kitchen - there are groups of people interested in these kinds of activates on the Internet. This could really be an effective Fund Raising project

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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