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Useful Articles - Failure Gives You A Great Story To Tell
No one enjoys failure; however, there is one great thing that comes out of failure, and that is the a
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
bility to tell great stories. No one wants to hear about how you woke up one day, tried something new
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
were a great success and life was wonderful from that moment on. No one can relate to that story, bu
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
people can relate to the story of a failure. People will want not just the story of a failure, but w
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
at you learned from your failure and how you used that failure to move forward. Failure not only give
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
you great stories, but it acts as a springboard to success.
Failure is part of the larger story of
Failure is part of the larger story of
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
uccess. I have failed many times, since not everything I have tried has worked. However, I have great
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
stories because of the failures, what I learned from them and how I used failure to create success.
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
he most valuable lesson I have learned is that I can use failure to give myself a jumpstart to my nex
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
success.
Stories are important, not just so that you can tell great stories to which people can rel
Stories are important, not just so that you can tell great stories to which people can rel
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
te but also so that you can hear your own story. You build on failure by realizing that, if you can o
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
ercome that failure, you can do anything. Failure gives you strength and courage. There were times wh
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
n I felt like I wanted to give up. Then I would remember a failure that I had turned into success. Th
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
t memory and the wisdom I gained from that experience gave me the confidence to move forward. You lea
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
rn that if you can survive failure, and even turn your failure into an aspect of your success, there
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
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
eally isn't anything you can't do.
Embrace your failures and learn to respect and appreciate them. Y
Embrace your failures and learn to respect and appreciate them. Y
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ur failures, as much and maybe even more than your successes, have brought you to where you are today
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
You have proved to yourself and to the world that you can overcome adversity and survive the most di
.
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
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
ficult of times. You are not just a survivor; you are a thriver. You have a great story to tell, one
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
hat has changed your life and one that may have the impact of changing the lives of those who hear it
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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