-
Is it economically possible to enter this industry? Hear me out.
-
@Belassi Sounds interesting. Are you going to fund this through the NDA process? I’d be astounded if you actually persisted enough with whatever formulation you’ve come up with, to pay 1 million dollars and wait 10 years.
-
further to @Belassi‘s remarks about studies, I might add that an increasing number of raw material manufacturers conduct relevant in-vivo studies these days, and share the relevant data for the explicit purpose of claim substantiation
-
It’s always the same problem, you can conduct study,
but rarely, all data are positives, so “ALL” the companies just do
not present the bad results that go against the claims they look for. If
pharmaceutical company are doing the same with clinical trial how do you think
that cosmetic one are not using only the good results. -
Be aware that not just the FDA, but also the FTC, state-level consumer protection agencies, and even private organizations like the BBB are all involved with regulating/policing advertising and claims. Not to mention the lawyers looking for a cash cow.
We don’t want to discourage you from getting into the cosmetic industry - but you clearly want to sell a drug and call it a cosmetic. This is a bad idea.
-
Are you going to fund this through the NDA process?
Since I don’t sell in the USA, I don’t give a fig for the FDA, so no, I don’t care. -
If you have a world beating, unique, wonder product (as you seem to be intimating) another approach, rather than going through the hassle of trying to break into a market you know nothing about, would be to take out IP protection and then to license/sell the rights to a known manufacturer.
I have done this three times now and the royalties provide me with a very comfortable way of life in my retirement (if only my state of health matched, but that’s not for these pages). I have little or no input to the businesses apart from signing renewal documents each year and checking my bank account each quarter.
Log in to reply.