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Foremost among the reasons that lead to marital discord are financial issues. Most couples are unable to or find it extremely difficult to broach t

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

he topic openly and honestly. Although the reasons may be different for each couple, being disorganized and unable to communicate are common.

In o

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

Examples of combination products may in

der to avoid serious consequences it is necessary to for couples to implement the art of budgeting and money management. Couples should avoid confl

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

ict over purchases made by each other and learn to respect each other’s opinions.

The initial step is to sit down and discuss the income and expen

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

iture. If there is a lack of communication, which is the case most of the time, this discussion could end in a heated argument. It is important to

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

Combination pro

ecide on a strategy before hand, to prevent an ugly situation. For example, get up and drink a glass of water, take a few deep breaths and go for a

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

short walk and then resume the dialogue or invite a friend to be a part of the discussion.

Make a list of all the bills that are pending and the

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

mounts, highlighting the dates on which they need to be paid. Compare this with the joint income and in case of inadequate funds, try to find ways

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

to reduce expenditure or increase income.

Document all facts and figures so that they are easily available to your partner. Make a separate file

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

or documents and papers related to insurance payments, credit card statements, car installments, monthly mortgage, utility bills and expenses. Remo

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

e them from the file only when they are paid. Decide on a common place accessible to both, to keep checkbooks, receipts and all relevant financial

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

Following aspects would a

information. If there have been withdrawals from the joint account, each partner should let the other know the reason.

Such discussions should be

dd to the challenges in developing combination products:

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

cheduled regularly. Financial planning should be an essential part of the discussions. Financial issues become stressful if not handled with care.

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

Make a plan to ensure that both of you take turns to maintain checkbooks, file taxes and track investments. This will allow each partner to be awar

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

of the financial details. Discuss and create a budget to suit both of you.

Try to visualize finances for the next five or ten years. Large amount

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

of money are required for buying a house or a new car. The different ways in which you could save for these purchases should be discussed openly.

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

Professional from academic institutions, pharmaceutical industries, health care indust

When you set your goals, devise a strategy to achieve them. The plans would mainly comprise of eliminating debt and setting up a savings plan. One

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

excellent way would be to save a certain percentage of the monthly income in a tax deferred account. You can also save and invest in securities and

.

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

bonds.

Financial mismanagement is generally a key factor in wrecking a happy marriage. In order to keep finances on the right track, proper commu

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

Companies that provide selfless information through particip

ication is essential. Regular discussions and mutual decisions on the family budget and savings are sure ways to maintain the harmony among couples

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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