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There is a distinct difference between business as an entity and business as an activity. Doing business is NOT the same as owning a bus

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

iness.

I know a lot of people who are avid network marketers. A few of these people generate a nice income by referring others to their

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

Examples of combination products may in

opportunity system, but most do not.

For purposes of this article, let’s focus on the network marketer or MLMer who actually does crea

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

te a profit with their venture. Just so you know, we’re talking about less than 10% of the millions of people on the planet who try thei

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

r hand in this field.

Often these starry-eyed entrepreneurs talk about running their own business and how you can have a lucrative busi

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

Combination pro

ness of your own if you’ll only join them on the path to prosperity. But the simple truth is in most cases even successful network marke

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

ters aren’t running their own business.

I have met a few MLM distributors with a registered enterprise, a business license, etc. But ev

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

en most of these folks focus the entirety of their energies and resources into the building of their opportunity network.

For the recor

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

d, there is nothing wrong with being an independent sales representative. Many people in many fields make great money as commission-base

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

d agents who work for retail companies and manufacturers.

But let’s call a duck a duck shall we? Being an independent sales rep does no

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

t necessarily make you a business owner.

Consider this crucial yet seriously downplayed fact: If you spend all of your time, energy, an

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

Following aspects would a

d ad budget building a network to move product and recruit sales reps for a third party company, what will happen when this company deci

dd to the challenges in developing combination products:

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

des to change their compensation structure?

Statistically speaking, the average network marketing company alters their pay plan once ev

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

ery five years. This is done to keep the scales from being tilted too far from the favor of the board members or company owners.

I’m no

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

t saying this is wrong. Clearly the founding members of the company have every right to manage things to their favor.

But where does th

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

is leave the hard working distributor?

And do you realize some network marketing companies even put their products on the shelves of po

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

Professional from academic institutions, pharmaceutical industries, health care indust

pular retail centers?

I won’t even get started on how common it is for a network marketing company to simply dissolve altogether.

The

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

point I’m making is this: If you rely solely on a company you do not own to fulfill your dreams of prosperity you have yourself a j-o-b.

.

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

I urge you to avoid putting all of your eggs into one basket, to borrow an old clich?.

Develop and focus on a business plan that prom

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

Companies that provide selfless information through particip

otes you first, and build on this model. Business opportunities will come and go, but a true following will stay with you for a lifetime

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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When you own a vehicle you must take out car insurance, or they will take you. That is the law has issued regulations that state in most areas that if you do not have minimal car insurance you have broken the law.

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