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If you don't have a credit card or have one that you don't use very much, you may be asking yourself: "why do I even need a credit card?" Many people are scept

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

ical about the need to have a credit card, even though so many others have more than one. If you are not sure whether credit cards are really necessary, then h

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

Examples of combination products may in

re is some advice to help you to decide if you need a credit card or not.

Do I need a card?

The first thing you should ask yourself is whether or not you rea

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

ly need a credit card. If you have managed perfectly well for years without a credit card, and your situation hasn't changed, then perhaps you don't need a car

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

. If you have money saved then you don't need a card for emergencies, and there is no need to pay fees and interest if you can live comfortably the way you do

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

Combination pro

ow. However, if you find that you are unable to buy large items that you need because you cannot afford to buy them in one go, then you should look at getting

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

credit card.

Credit history

Although you might not need to spend on a credit card because you are perfectly fine with cash or a debit card, not having a cre

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

it card can harm your credit history. If you are a responsible spender then having a credit card will help to build up a credit history. Although you might hav

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

never been in debt, this can actually be a problem when you come to get finance such as loans or mortgages. Lenders like to see that you can handle debt such

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

s credit cards. Having a credit card simply for the purposes of improving your credit history is a good idea. If you spend on the card wisely and pay your bill

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

on time then you will have a better chance of getting great deals on loans and mortgages when you need them.

Security

Another reason why having a credit car

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

Following aspects would a

is important is security. Credit cards are much more secure than cash or debit cards, and you can stop people from taking your money. Also, if someone does us

dd to the challenges in developing combination products:

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

your card you are usually covered and can claim all or part of the costs back. Card security also works the other way, and many retailers or service providers

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

require a credit card for bookings or purchases. Perhaps the best examples of this are hotels, which often require a credit card in order to allow you to book

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

room or pay for extra services. Debts

Of course, there are reasons why you don't need a card. They are extremely tempting to use, and with high credit limi

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 you often feel like you are not really spending money. This can put you deeply into debt and will severely harm your credit rating if you cannot make the rep

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

Professional from academic institutions, pharmaceutical industries, health care indust

yments. If you are someone who cannot easily control their spending, then you should probably steer clear of credit cards.

Are cards necessary?

Although cred

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

t cards can cause debt and other problems, for most people they are a necessity for everyday life, and are required for them to live their life properly. Howev

.

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

r, this doesn't mean that getting a credit card is right for everyone. If you are honest with yourself and look at your lifestyle, you will be able to decide w

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

Companies that provide selfless information through particip

ether getting a credit card is right for you. As long as you can make the repayments and you use the card responsibly, then having a credit card is a good idea

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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