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Digg It - Why Doesn't The Fortune Teller Buy A Lottery Ticket
As a fanatic of free knowledge and information, it troubles me to see that so many people are taking workshops about trading from unknown sou
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
rces that can cost more than 1000$, instead of just picking up a book which covers the same material, and with even better clarity. Please no
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
te that I am talking about commercial courses in here and not academic ones (which have their own disadvantages to be sure, but that is anoth
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
r topic altogether).
A popular among these course is the overpriced course about option trading. Most of the time, it involves explaining th
A popular among these course is the overpriced course about option trading. Most of the time, it involves explaining th
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
e basics of what are options, the put and call parity (although some don’t even bother with that), and of course, trading strategies with opt
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ons.
After covering the basics, they go on to explain the strategies of what type of options to buy and a whole combination of strategies.
After covering the basics, they go on to explain the strategies of what type of options to buy and a whole combination of strategies.
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
The market would rise? They tell you to buy a call option. The market would fall? buy a put option and so on. This is where the audience is c
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
onfused. What good are the option strategies if you don’t know the direction the market would go anyway? To remedy this, some courses follow
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
p with chart reading and explain the various techniques (if you can call those techniques) to try to predict where the market will be heading
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
. Sounds terrific for the layman, although he will soon find out his results are very very poor.
If you’ve been to such courses, the questio
If you’ve been to such courses, the questio
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
that often should cross your mind is why these people want to teach you these techniques anyway? Wouldn’t they be better off doing it themse
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
lves? It reminds me of the fortune teller that is asked “How come you don’t buy a lottery ticket instead of telling people what the lucky num
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
bers will be?”. The answer is a simple one: the fortune teller has figured out long time ago that there is money to be made by offering peopl
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
such advice, since most people would believe him anyway.
Of course, he knows deep down inside that he has no special abilities, and that is
Of course, he knows deep down inside that he has no special abilities, and that is
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
why he does not buy a lottery ticket himself. He thrives on the ignorance of people to rationalize why he does not buy the ticket. Words lik
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
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
“moral” are tossed around with no apparent reason. The same goes for the seller of the option course. He knows things are not so simple and
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
he can’t make it work. But why not sell the illusion that it would work for you? More often than not, if you confront them, they’d start atta
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
cking you and tossing words like “You have to have self-discipline to make it work etc…”
Think about it for a moment. If it really works, th
Think about it for a moment. If it really works, th
.
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
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
n he would NOT tell you about it anyway because it would ONLY DECREASE HIS CHANCES of making it work. This is because if more people do what
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
he does, the opportunity to make money would decrease.
So before you fall victim for this, why not just go to your library and take the book
So before you fall victim for this, why not just go to your library and take the book
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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