Main Subject - Finance

In the first part of this series we talked about five important questions that should b

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

e asked to your credit card agent. Revising the concept we find that asking about the v

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

Examples of combination products may in

arious APR's, fees, credit limits, credit card acceptance and additional benefits that

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

ome with the credit card definitely help. Now, let start with the other five most impor

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

tant questions to ask.

6. What are the reward associated with the credit card?

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

Combination pro

Get an idea of the reward program if the credit card is a reward card, and ask how the

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

reward program will help you in your area of operation.

7. Are there any preferred

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

partners for credit card rewards?

Clearly ask whether, there are any preferred par

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

ners for the credit card rewards. If so get a list of them and ask what will happen to

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

reward program if money is spent at some location which is not in the preferred partner

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

list.

8. What are the limitations to rewards?

Credit card companies hide lot

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

Following aspects would a

of reward program related stuff in fine prints. Things such as blackout dates, travel r

dd to the challenges in developing combination products:

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

estrictions, seat restrictions, partners restrictions, spending restrictions, reward pr

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

gram expiry affect reward programs very adversely. Get an idea about them.

9. What

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

is the grace period?

Checkout with the credit card company whether they allow grac

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

period to pay the monthly balances or not.

10. What are the things in fine prints

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

Professional from academic institutions, pharmaceutical industries, health care indust

that can affect credit card ownership?

Though credit card companies won't tell you

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

all the details buried in fine prints but asking helps. This gives an impression that

.

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

ou want to know as much as possible about the credit card. An informed customer can't e

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

Companies that provide selfless information through particip

asily be duped.

Asking the right questions will surely get you the best deal out there

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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Main Subject - 10 Important Questions To Ask The Credit Card Agents To Find The Right Credit Card - Part-II

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