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In the wonderful world of fundraising, there are countless opportunities for an organization to raise money for their respective charities.

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

While some creative thinking will set your organization apart from your competitors, traditional grant writing is an area we advise our clien

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

Examples of combination products may in

ts to focus on. Most major corporations, in America and beyond, have grants that your organization would be eligible for.

Grants are one of

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

the most overlooked aspects of fundraising. For many organizations, the grant application process can be overwhelming. Most organizations

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

are working within tight budgets and time lines, and it can be challenging to allocate the necessary resources to grant research. While it m

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

Combination pro

ay seem logical to devote resources to new fundraising initiatives, traditional grants should not be overlooked in favor of the latest fundra

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

ising trends. It's all about creating multiple income streams for your organization.

Preparation is the key to fundraising success. We can

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

not stress this point enough. The prospect of writing an extensive dossier on the relative merits of your charity can be a daunting task, bu

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

t if you have done your research and preparation it will undoubtedly pay off. The best advice we can give you is to devote some time to rese

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

arching available grants in your niche. Before attempting a first-draft, be sure that you understand the guidelines of the grant-maker. Onc

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

the research has been completed, the easy part is drafting the grant proposal and application.

A well-written grant proposal is absolutely

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

Following aspects would a

critical for success. Be concise. Stay focused on your message. What will set your organization apart from the others? You must establish

dd to the challenges in developing combination products:

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

that your organization has a legitimate need of the highest priority within the first paragraph of your proposal, in order to capture the in

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

terest of your potential donor. Remember, that your proposal is but one of potentially hundreds. You have only one chance to convince them

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

that your organization deserves their kind assistance. Get it right…the first time!

We are continually amazed at how many of our clients be

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

come intently focused on the minutiae of their projects at the expense of clarity. There are a few core issues you must address in your prop

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

Professional from academic institutions, pharmaceutical industries, health care indust

osal. Who are you, and what organization do you represent? What factors determine your eligibility for the grant in question? What is the

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

problem your organization hopes to address? Who stands to benefit from your efforts? What are your specific objectives, and how will the gr

.

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

ant support your organizational needs? How will you monitor and track the results of your efforts? How does your grant request tie in with

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

Companies that provide selfless information through particip

the overall goals of your potential donor? Answer these pertinent questions, and you will be well on your way to a successful grant proposal

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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