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It’s no secret that there are monumental benefits to attending a trade show – exposure to a targeted audience, opportunity to express your unique selling point, generating leads and soaking up industry knowledge at seminars and discussions. But when budge

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

ts are tight, your company’s accounting department is going to want you to trim the fat a little on your trade show budget.

You can use ideas usually overlooked for cheaper transportation, plan and negotiate to get discounted room & board and get trade s

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

Examples of combination products may in

ow booth rentals rather than purchasing trade show displays. Here are a few tips to help you keep costs down, but still create impact and get the most from your trade show experience.

Transportation Depending on where you are traveling from, how

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

far in advance you make arrangements and the mode of transportation you choose, you can spend a little or go over the top on this one. Obviously, you can’t control where you are traveling from, or where the conference or trade show is held. But you can pl

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

n ahead, and be open to different travel options.

As with anything else, don’t wait until the last minute to make travel reservations. Sometimes this can’t be avoided, but if you plan your trade show schedule six months to a year in advance, and make you

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

Combination pro

reservations several weeks prior to the event, you can save the company hundreds of dollars.

And when planning travel, remember that the plane is not the only way go. If the event is only a couple of hundred miles away, renting a van for the group, or p

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

rtnering with another company who is also attending the event, renting a charter bus and splitting the cost could be a cheaper option. Also, ridin

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

the train, which many people overlook, is an affordable option. Attendees get to sit back and relax and meals are often included in the price.

Room & Board Conference organizers often block off a number of rooms for attendees at a motel or

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

otel with a discounted rate. But if you don’t have this option available to you, there are several options for keeping costs in check.

First, keep in mind the distance between the hotel or motel and the conference. Booking rooms at an economy motel 15 mi

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

utes away from the event may seem like a good idea – at first. But keep in mind the costs of taking a cab back and forth can quickly add up. And, the inconvenience of being far away from a quick change of clothes, or grabbing something you may have forgot

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

en can cause unnecessary duress. Instead, pair employees up (make sure they are compatible so that you don’t end up with an episode of Big Brother) and have them share a room.

Second, if you know you will be attending several events over the course of th

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

Following aspects would a

year, shop around at the different hotel chains to see what kind of special discounts they offer for repeated hotel stays. Some of them offer discounts if you sign up for a special program, or you can get dd to the challenges in developing combination products:

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

mi" target="_blank">free night’s stay free night’s stay after you’ve booked a certain number of nights.

Third, try getting a room at a hotel that includes a continental or buffet breakfast to further cut on expenses. And if the establishment also has

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

a restaurant, that can save you and your team the headache and cost of going elsewhere to eat.

Fourth, and last – avoid room service if you can, as this can add unnecessary costs to your budget.

Trade Show Booth Rentals With a trade show booth r

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

ntal instead of a trade show display purchase, you can save hundreds of dollars. Your space represents the image your company wants to project to the public – and for some of your future customers, this is the first time they will be meeting you.

While y

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

u can purchase smaller trade show displays and even table top panel displays to keep costs down, trade show booth rentals are even cheaper. This is a great option for companies:

• wanti

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

Professional from academic institutions, pharmaceutical industries, health care indust

g to cut costs in the short-term or long-term

• that infrequently attend trade shows

• wanting to try out a few different styles before deciding on a purchase

Before you enter into a trade show booth rental agreement, make sure you read the fine print,

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

ask plenty of questions and understand the terms. For example, what accessories, if any come with the trade show booth? What is the timeframe for you to return the product? What are the terms for any damage incurred?

Also, make sure you look into options

.

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

for enhancing your trade show booth. Banner stands, literature racks, lighting, and other accessories can drive traffic to your space, increase the generation of leads, and directly influence your bottom line.

Attending a trade show needn’t put you in th

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

Companies that provide selfless information through particip

red. There are economical alternatives to what you may have done in the past. Take a look at the bigger picture, get creative, and you can plan your event on a shoestring budget without sacrificing the value of attending and participating in a trade show

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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