Useful Articles - Business

My cat Ike was easily the smartest feline I've ever met. And while he technically knew nothing about business, he left behind an assortment of lessons that every professional shou

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

ld take to heart.

1. Speak your mind. Ike was the most vocal of all four cats. He would meow until we fed him. He would nudge my hand until I stopped typing and pet him

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

Examples of combination products may in

for a while. And if the other cats got too close, he’d let them know with a powerful little hiss and growl. To his credit, we always knew exactly knew what he wanted us to do.

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

b>2. Stick up for others. While the other three cats mostly got on his nerves, Ike came to their defense in a moment’s notice. If a strange cat found its way into our yard,

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

ke would bolt outside and scare it away. And if our other boy cat, Patch, was trying to put the moves on Chloe, Ike would give him a royal smackdown. He was loyal and devoted to

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

Combination pro

everyone on his team.

3. Wear out your competition. Our last house was near a busy street. To keep the cats in the backyard, I built an elaborate cat fence—a barrier on

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

op of the regular fence that prevented the cats from jumping over it. And it worked for all of them, except Ike. So for the next two years, we battled it out. I kept tweaking the

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

at fence so he couldn’t jump over it. But he outsmarted me every time and continued to taunt me as I let him in the front door. I finally gave up. I figured if he was smart enough

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

to escape my cat fence, he was smart enough not to get hit by a car.

4. Take time for yourself. Ike never shied away from pampering himself. If the sun was out, it became

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

top priority for him to enjoy it. If there was a warm lap available, he made sure he was on it. Once his batteries were recharged, he was always able to find more mischief to get

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

nto.

5. Never stop exploring. It was not uncommon to catch Ike across the street sniffing plants in a neighbor’s yard. Or looking for food up on the kitchen counter. Or

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

Following aspects would a

poking around a basket of freshly folded clothes. Or looking under piles of papers on my desk. There was lots to see. And he made it a point to see it all.

6. Leave your mark.

dd to the challenges in developing combination products:

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

Ike chose to do this by using his claws to shred the arms of our new couches. Nothing infuriated me more while he was here. But now that he’s gone, I find myself smiling a

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

little whenever I walk past the couches.

7. Keep your coat immaculate. Your appearance can make or break you. And nobody knew that better than Ike. That's why he spent hour

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

grooming himself and keeping his coat clean and shiny. As a result, he always made a good first impression when our friends and veterinarians met him.

8. Share your knowled

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

e. We found our youngest cat, Phoebe, when she was just a tiny kitten. She was scared and alone, but the other three cats took her in as quickly as we did. For the next few

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

Professional from academic institutions, pharmaceutical industries, health care indust

years, Ike taught her everything she needed to know about driving me batty. He was a great mentor.

9. Put up a good fight. Ike made sure he used up all nine of his lives. I

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

fact, I think he somehow got a few bonus lives, too. I can’t tell you how many vet bills he wracked up over the years, and every time he came out swinging. Right to the very en

.

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

, he put up an incredible fight.

10. Live life on your own terms. Most cats do this anyway, but Ike turned it into an art form. Which usually drove us crazy. But when you’r

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

Tags

Links

Useful Articles - Business Success - 10 Business Lessons I Learned from My Cat

Related Articles: