Answers - Home Based Business

All over the country women are becoming financially independent and make 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

great amount of money by starting and running daycare centers. Why is thi

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

Examples of combination products may in

such a great business to run and why should you start a daycare center yo

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

rself?

Here are the answers:

1. Make great money - Daycare centers c

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

an be highly profitable. In fact, many women reported a massive increase i

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

Combination pro

income once they left their day jobs and started their own daycare.

2. 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

independent - No more being at the beck and call of any boss or executive

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

. You can be your own boss.

3. Work from home - Small daycare centers can

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

be run from the comfort of your home. No more commuting and wasting time i

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

rush hour traffic.

4. Have more free time - Working from home and having

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

your own business means being able to set your own hours. You'll have more

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

Following aspects would a

free time to do what you want and spend with your family and friends.

5.

dd to the challenges in developing combination products:

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

Doesn't take a large investment - Starting a business can be very expensiv

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

. But a daycare is different. You don't need to spend a lot to get things

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

going, which makes it the perfect small business.

6. Doesn't take special

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

training - All you basically need is to be good with kids. Each state requ

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

Professional from academic institutions, pharmaceutical industries, health care indust

res different level of licensing, but you can usually start with a small n

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

umber of kids without any great hassle.

7. Working with children - Need I

.

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

say more? What can be more fulfilling and rewarding than working with kids

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

Companies that provide selfless information through particip

They bright up your day. You make money and have fun all at the same time

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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