Main Subject - Finance

Are your drowning in debt? If you are in debt this can affect every aspect of your life. At the very worst it can result in

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

you loosing your home, your partner, everything. The following tips will help you get your life back on track.

Tip 1. YOU

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

Examples of combination products may in

R SPENDING DIARY

Every day write down everything you spend. You will be amazed how much you spend on trivial things, a paper

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

or packet of mints when you get petrol, or crisps from the vending machine at work etc. Until you work out where you are spe

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

nding your money, you can’t work out a budget. You need to set up a small note-book or spreadsheet for your everyday expens

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

Combination pro

s plus a detailed budget so you can stop your money being wasted.

Tip 2. BUDGET

You need to write down EVERYTHING you spen

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

d your money on i.e. car tax, maintenance, food, kids sports, gym membership, gas, electricity, holidays, birthdays plus all

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

he trivial little bits and pieces that will soon run away with your hard earned cash. You will then know how much you have g

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

oing out each month (for annual expenses, divide by 12, for weekly expenses, multiply by 52 then divide by 12 to get monthly

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

otals).

Compare your monthly expenditure to your monthly income so you can see how much you have spare or how much overdrawn

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

you will be at the end of the month.

Tip 3. GET RID OF ALL LUXURIES

Cancel or reduce mobile phone contracts, DVD members

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

Following aspects would a

hip, Sky TV, gym membership, cut out school/work dinners, (take a lunch box), cut out weekly/daily take-aways etc. These ar

dd to the challenges in developing combination products:

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

all luxuries and at the very least should be cut down but should be got rid of all together if you are really struggling.

T

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

ip 4. MEAL PLAN / SHOPPING LIST

Four people should be able to eat very well on ?50 a week. It is very easy however to wande

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

round the shops buying anything that takes your fancy (if the kids are with you its even worse. ) If possible leave the kid

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

s at home. The solution? Meal Plan, write a shopping list for those meals and STICK TO IT – Rigidly!

Tip 5. STOP SPENDIN

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

Professional from academic institutions, pharmaceutical industries, health care indust

ON CREDIT CARDS

Spending on credit cards is much too easy, and you will be paying heavily in interest if you are not paying

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

off the balance in full every month. Transfer balances to 0% cards if you can and if you can’t do that, make sure you pay o

.

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

f the card with the highest interest first, then CUT UP THE CARD AND CANCEL IT! If you really need a card for peace of mind,

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

Companies that provide selfless information through particip

keep one and put it in a drawer for emergencies only.

These 5 tips should get you started. Do not despair – it CAN be done

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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Busy business executives like yourself don’t have time to pick up the phone book or yellow pages to find products and services that you need for your business. You want sales reps to call YOU! Being on the receiving end of cold calls makes your valuable time more productive. After all, picking up the phone book to find what you are looking for takes a few minutes; receiving a cold call only takes a few seconds. This article will show you how to receive twenty cold calls a day.

As a business owner, much of your wealth is probably tied to your business. While that may help the business grow, it may also create severe liquidity problems for your beneficiaries when you die. The value of your business will be included in your estate. How will your beneficiaries get the liquidity necessary to pay taxes due?

If you're in a career transition with limited financial reserves or up to your neck in alligators from overspending, run to, not from the problem. The longer you carry this issue around the heavier it will get. Choose to implement all of these action items to immediately reduce your spending. Better yet, make it a game to see how low you can get your expenses...you just might find that less is more.

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