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It's been said that 80% of America is two missed paychecks away from financial disaster. Do you fit this mold? What would happen if you were laid off without

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

pay tomorrow? Can Americans look forward to a secure retirement under Social Security or the company pension plan?

Current labor statistics do not paint a p

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

Examples of combination products may in

etty picture, with quality jobs being outsourced overseas quicker than new jobs are being created. Sure, there are always low paying, low skill jobs available.

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

But who can support a family on minimum wage?

Manufacturing jobs in particular have taken a beating in the marketplace during the past few decades, with some

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

tates, like Michigan, losing over 23,000 jobs in the course of a year. According to Labor Department figures, 26 states have seen manufacturing job losses in t

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

Combination pro

e past year. The federal government claims many of these displaced workers are receiving retraining, however, Bureau of Labor Statistics cites fewer than 204,0

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

00 displaced workers qualified for retraining in 2003, and only 47,000 actually received training assistance. The Bureau of Labor Statistics defines displaced

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

orkers as, “persons 20 years of age and older who lost or left jobs because their plant or company closed or moved, there was insufficient work for them to do,

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

or their position or shift was abolished.” During the January 2001 through December 2003 period, 5.3 million workers were displaced from jobs they had held for

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

at least 3 years.

In June of 2006, 4.6% of the available workforce in America was unemployed for an average of 18.4 weeks. For workers over 45 years of age, t

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

is unemployment period jumped to 23.8 weeks. That is over 5 months. Compare this to the statistic in the Introduction of this report that reveals many American

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

Following aspects would a

s have less than 3 months worth of cash and assets available to sustain them without continuing income. Of course, there is unemployment insurance, but this ma

dd to the challenges in developing combination products:

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

take weeks to kick in, is a degrading and frustrating process, and is certainly no route to achieving the standard of living your family deserves.

Of the 7.6

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

million Americans unemployed at one time or another in the past year, 4.3 million lost their job due to completion of temporary projects, 3.7 million were laid

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

off, and 1.9 suffered permanent job loss through no apparent fault of their own. To top it off, the median weekly wage and salary for working Americans in 2005

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

was $651. It hardly seems worth the effort. Yet, 123 million American go to work everyday, living paycheck to paycheck. Over 13 million of these people work in

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

Professional from academic institutions, pharmaceutical industries, health care indust

“alternative” job arrangements as independent contractors, on-call laborers, and temporary services. Additionally, in 2004 nearly 8 million Americans worked m

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

ltiple jobs simultaneously—just to make ends meet.

Books like “The 17 Principles of Creating Wealth,” by Phillip Collinsworth, and “Rich Dad, Poor Dad,” by Ro

.

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

ert Kiyosaki make the above points clear and encourage people to find security by creating small businesses, reducing careless spending on depreciable assets,

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

Companies that provide selfless information through particip

nd making wise investments for long-term growth. You can learn more about these subjects, and access free creating wealth reports at http://www.wealthsearch.or

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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