Advice Pool - Legal

If you are going through a divorce in the Rhode Island Family Court system then the bank account(s) you have either jointly or individually with your spouse may be one of the first sub

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

jects that is addressed whether you like it or not.

Both husbands and wives who are contemplating divorce from their spouse will generally have as one of their main concerns the bank

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

Examples of combination products may in

accounts. This is for any number of reasons. The first reason is because it is likely to be the primary source of any immediately liquid financial resources to pay a divorce attorney

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

to get your through the family court process. The second reason may be because it is this source of funds that is used for the payment of marital and/or family obligations and that wi

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

thout those funds the bills simply won't get paid or the children won't have food to eat. The third reason may be that one spouse is simply afraid that the other spouse is going to lo

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

Combination pro

k them out of the bank account and/or take "their half" of the money and it will never be seen again.

Perhaps one of the most often questions that is presented in the course of my div

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

orce consultations with prospective clients is this, "The account is in both or our names. I'm worried my husband (or wife) will file for divorce and take all the money. What should

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

do?"

Technically speaking, before the divorce proceeding is filed the money belongs to both persons on a joint bank account equally. In otherwords, you both have a 100% right to the

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

monies in that account (absent other extenuating circumstances that may provide an argument to the contrary). Therefore, if either of you take all the monies out of the bank, you hav

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

not committed any wrongdoing. That is not to say, however, that you then have a right to all of that money or that you will not have to account for it later.

Rhode Island laws regar

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

ding divorce follow the principle of equitable distribution. Although this does not always mean equal distribution between the parties, this is generally where most judges start in a

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

Following aspects would a

divorce case. Assuming that this is where most judges will start, it is not unusual nor unfair that a divorce lawyer will counsel his or her client to remove only half of the monies

dd to the challenges in developing combination products:

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

in a joint account to protected himself or herself from being divested of all the monies by the other spouse. This, however, should come with a caveat as well. A divorce lawyer givin

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

g this advice is usually NOT saying that when you remove half of the monies in the marital bank account that you are entitled to keep those funds, or that you will not have to account

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

or them or that you won't have to give all or a portion of those monies back or provide for an offset for those funds to settle your case.

Once the divorce case is filed, the bank acc

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

ounts in the name of either you or your spouse are essentially to be considered "frozen" with the exception of the payment of those costs and expenses that are typically paid from thos

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

Professional from academic institutions, pharmaceutical industries, health care indust

funds on a regular basis. A Rhode Island divorce attorney therefore may give you this advice not to give you a financial windfall but rather as a protective measure. There are inst

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

ances, however, when the money may normally be used without any adverse action by the family court.

You should always consult your divorce lawyer regarding what you can and cannot do

.

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

ith the monies you withdraw from any bank account even before the filing of divorce. Though no orders truly control what you can and cannot do with monies you withdraw that you are la

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

Companies that provide selfless information through particip

wfully entitled to, the opposing party can use your spending conduct against you with some judges and do some permanent damage to your case by tipping the judge in favor of your spouse

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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