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Buying commercial equipment is not like buying a home or car. When buying commercial equipment, you are investi

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

ng in your livelihood. Even after finding the equipment you need your only halfway there. You will need financi

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

Examples of combination products may in

g. Thanks to the internet, this has never been easier. Many Finance and Leasing companies such as Prudential Le

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

asing, Resource Diversified Services (RDS) and others have gone digital to reach out to businesses nationwide.

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

hese companies have given the small business a chance to compete in their industries. What I have found most va

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

Combination pro

uable about this is how much money and time is saved by these companies providing all the information needed to

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

their clients. Here is just an example of one:

* New or Used Equipment - Heavy, Medium, and Light Duty

* Tit

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

ed or Non-Titled Equipment

* Non-Recourse to the Dealer/Vendor

* Application Only Programs

* Competitive Rat

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

s

* Special Finance Programs to people who have had credit programs

* All Business, Medical, Trucking and Con

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

struction Equipment

* Owner Operators OK, 2 years experience

* Over the Road OK

* Small Truck fleets OK, no

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

inimum fleet size

I found that there are usually three things you need to start the process to get approved:

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

Following aspects would a

. Credit Application

2. Last 6 months bank statements

3. Complete Spec Sheet with VIN # and mileage.

This br

dd to the challenges in developing combination products:

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

eakdown gives consumers a general outline of what is needed in order to get the financing and leasing they need

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

Finally, I wanted to talk about the importance of communication. I find that most industries have stopped focu

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

ing on communicating with their clients. I, along with the businesses I mentioned above believe it is important

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

for clients to have access to their finance partners. Even if you can’t walk up to their front door and ring t

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

Professional from academic institutions, pharmaceutical industries, health care indust

e bell, companies must provide some form of visual or vocal contact. Being able to talk to someone in person or

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

over the phone makes you feel like a human being and not just number. I think this is one of the most important

.

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

things in business; to have a direct line of communication with the client.

Where to Start:

I would recommen

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

Companies that provide selfless information through particip

the following three companies:
RDS Finace and Leasing Inc.
Prudential Leasing Inc.
TruckInfo.ne

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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Are you in the mist of starting up your own business? If so, have you started thinking about how you will market that business? Unfortunately, a large number of business owners wait until their business is up and running before they start thinking about marketing. You are advised against doing this because it could be a costly mistake. Even if your business has yet to open to the general public, you may want to start searching for Internet marketing ideas, namely innovative Internet marketing ideas.

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