Main Subject - Finance

Although a credit card offers you convenience, it is not cash, simply a substitute for cash. You

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

need to have cash in your bank account to pay for all the purchases. So using a credit card to so

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

Examples of combination products may in

ve your financial problems does not work.

Costs Of A Credit Card

It is very tempting to use a c

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

edit card to buy things we cannot afford. However a credit card is not a freebie. It only lets yo

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

to postpone your payments for a short time. Should you default, you will pay not only the initia

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

Combination pro

amount, but also interest that can be as high as 30%.

When the credit limit of one credit card

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

is used up, you may go in for another one. It is always so easy to spend. Before you know it, you

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

financial problems have increased, not decreased as you wallow in an ocean of debt. Credit cards

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

have not solved your financial problems, they have compounded it! While you can use your good wil

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

and personal charm to stave off repayments to friends and relatives, the credit card is insulate

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

from your winsome personality. There is an interest charge piling up relentlessly and ruthlessly

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

Following aspects would a

for every day’s delay. Debt consolidation may come to your help at this time but then you had us

dd to the challenges in developing combination products:

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

d the credit card to solve your financial problems, isn’t it?

Besides, not all credit cards are

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

ree. Those that hand out travel rewards charge a fee. Then again, all the rewards programs come w

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

th riders. You may have to shop in places you don’t normally patronize or stay in hotels you can

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

ll- afford to avail of some of the rewards. There is also usually a cap on the rewards. Additiona

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

Professional from academic institutions, pharmaceutical industries, health care indust

l use of your credit card will not translate into additional bonus points. For example, every dol

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

ar adds a bonus point on a frequent flyer reward program but only up to a point. Additional spend

.

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

ng beyond that will not give you any rewards. So perish the thought of using credit cards to sort

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

Companies that provide selfless information through particip

out your financial woes and earn some rewards as well. Just draw up a budget plan and stick to it

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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