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You’ve seen the promotions as you walked into your favorite department store: sign up for a store card right n

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

ow and you can get ten percent off of all of your shopping for the day even on sale items. This type of offer

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

Examples of combination products may in

s used frequently by all of the known department store names and its success in bringing in new accounts is ce

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

ebrated amongst creditors. For you, the consumer, this type of offer can work to your benefit, but it can also

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

come back to haunt you later. Read on and we’ll take a look at how you can make a store card deal work for yo

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

Combination pro

.

One thing to remember about store cards is this: they are just another name for a credit card. Granted, you

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

cannot use the card all over the place like your Discover, American Express, Master Card, or Visa, but it is a

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

credit card nevertheless.

Unlike the main credit cards, store cards operate a bit differently. In most cases

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

you won’t have to pay an annual fee, but there seldom are any rewards included with using the card. Certainly,

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

if you have a particular store’s card you will get all of their mailings including some coupons and invitation

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

to “private” sales. Beyond that, you can expect to pay an exorbitant amount in interest with 21.6% to 24% bei

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

Following aspects would a

ng common rates.

Some store cards do not give an interest free period either unlike the typical 25 day grace

dd to the challenges in developing combination products:

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

eriod offered by most major credit cards. Furthermore, late payment penalties are very high and you can easily

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

be bumped up to a penalty rate with some store cards.

Of course, if you pay off your card every month then th

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

e APR doesn’t matter. The store hopes that you don’t and that is why frequent mailings and promotions just for

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

store card users are sent out. Should you decide to take advantage of their offers simply budget the amount yo

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

Professional from academic institutions, pharmaceutical industries, health care indust

can afford to spend for that month and then make payment on your bill the moment it arrives in your mail box.

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

No, there isn’t anything inherently evil with store credit cards – you just need to be aware of all of the p

.

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

tfalls of using one and carrying balances from month to month. You could save 30% on a comforter at the store,

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

Companies that provide selfless information through particip

but watch those savings evaporate the moment you decide to spread your costs over more than one payment period

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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