Advice Pool - Finance

Most people work hard all their lives only to "retire" poor then try to live off meagre savings or a small (rapidly disappearing)

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

Government pension. They are forced to live out their twilight years struggling with constant money problems. Many of them have

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

Examples of combination products may in

o buy only the cheapest food and are unable to enjoy the little pleasures of life like going to an occasional movie, eating out o

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

r taking short trips. They have to watch every cent they spend.

If only these people had saved, on a consistent basis, just a sm

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

ll percentage of their earnings and set it aside.

George Classon, in his marvelous book called "The Richest Man in Babylon" sugg

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

Combination pro

ests that putting aside just "ten percent of what we earn and investing it", is enough to make for a comfortable retirement.

Let

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

me ask you a question. Are you saving a percentage of what you earn or are you like most people who spend everything? Alarmingly,

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

there are new statistics which suggest that most people, in fact, are spending more than what they earn. The latest studies are

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

aying people are currently spending 104% of their income.

It sounds impossible, doesn't it? It's not! The advent of credit cards

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

has led to spiraling debt. Multiple credit cards and "store" cards allow people to buy now and pay later. I call this "payment b

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

the twelfth". I refer, of course to that famous Johnny Mathis song "The Twelfth of Never". Many use the "roundabout" system of u

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

Following aspects would a

sing one credit card to pay for another and so on. This is a recipe for disaster.

I recommend you purchase "The Richest Man in B

dd to the challenges in developing combination products:

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

bylon" and study it. The information it contains can make a positive impact on the way you handle your finances. At least if you

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

read the book and understand it you can make a conscious choice to ignore its wisdom. You are then in a position to decide whethe

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

you want to be rich or poor because you will have the knowledge.

There is no better time than right NOW to start becoming respo

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

nsible with money and investing for your future. What you keep putting off today will eventually return to haunt you when you hav

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

Professional from academic institutions, pharmaceutical industries, health care indust

a diminished capacity to do anything about it. In other words, the longer you leave it the more difficult it will become. You ca

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

nnot work forever. Eventually, the day will come when you will either want to retire or you will be forced to retire.

Rich or po

.

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

r - get the knowledge!

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

Companies that provide selfless information through particip

if the article is not changed in any way and the final paragraph: "About the author", with all links intact, is included.

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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One of the most favourable means of consolidating debts is personal debt consolidation loans. People in UK take such loans in large number to help themselves out of unmanageable level of debts.

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