Main Subject - Finance

The security benefits of using credit cards have long been recognised. Even with the extra attention that is being

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

placed on identity theft and credit card fraud these days, using your credit card is still one of the safest ways t

; 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 pay for things available.

All credit card companies will provide you with an emergency number to call if your ca

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

rd is lost or stolen and in the vast majority of cases, any loss that is incurred by your account will be fully ref

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

unded by the card provider. This will always be the case unless you are somehow involved or to blame for the fraud,

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

Combination pro

such as by giving out your security details to someone you shouldn’t have trusted. This means that even if your ca

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

rds and information are stolen, you generally have nothing to worry about so long as you report the incident. Repla

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

cement cards can be sent to you very quickly.

Another benefit of credit cards over cash is that you can use them w

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

ith ease abroad. They are fast becoming an internationally recognised currency. While cash will be accepted everywh

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

ere within your own country, credit cards are accepted at a huge number of locations all over the world. As soon as

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

you step off a plane, and especially if you are travelling through a number of countries, a credit card will be an

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

Following aspects would a

invaluable means of payment everywhere you go.

Another huge benefit of credit cards, that is really only beginnin

dd to the challenges in developing combination products:

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

g to show itself with the growth of Internet shopping, is the ease with which payments can be arranged online. Ther

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

e are thousands of websites now, all over the world that will conduct business with you and give you access to grea

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

t prices if you have a credit card to pay for it. Gone are the days when cheques would be mailed in the post. Now,

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

with new payment systems such as pay pal, even individuals can accept credit card payments with great ease and for

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

Professional from academic institutions, pharmaceutical industries, health care indust

very little expense. You should take care with your personal information and payment details however, and conduct b

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

usiness either via an intermediary such as pay pal, or only with companies you know you can trust.

The disadvantag

.

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

e of credit cards is that they can cost you money. You pay interest on balances that you carry from one month to an

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

Companies that provide selfless information through particip

other and if you do use your credit card abroad, you will have to accept additional charges from your card provider

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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Discusses seven pricing pointers you need to be aware of before setting your pricing.

Your career, like any journey, has a beginning, an end and a direction. For many people, the present direction of the career is probably not a result of entirely their own choices. If, for some reaso...

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