Digg It - Finance

Having an offshore bank account is one thing, using it is quite another matter.

Corporate Account – When you have a corporate account the money belongs to the corporation not you personally. When the corporation is an anonymous bearer share Panama corporation your anonymity is further protected since establishing owner

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

ship of the corporation is about impossible so you would have to see who is recorded at the bank as the beneficial owner of the bank account and this requires you to convince a court in Panama to open up the bank records (something that is very rarely done) to reveal who the beneficial owner is. Even in the unlikely eve

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

Examples of combination products may in

t a court did this this it would be of little value since the money still belongs to the corporation. So if you had a financial enemy pursuing you personally they would not be able to transfer a personal debt to the corporation very easily. They would need to show that you transferred funds to the corporation to make su

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

re debtors could not recover the funds; it is called a fraudulent conveyance. The court cases pertaining to this are far from simple, they are expensive and time consuming and can take years to get heard in court. When wires are sent to an anonymous bearer share Panama Corporation no one knows who the owners of the corp

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

ration are, thus they do not know what natural persons are actually receiving the funds. When wiring funds into your Panama corporate bank account it is not revealing in terms of what the wire is for versus wiring money into a personal account. The Anonymous Panama Corporation adds in a nice thick layer of privacy prote

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

Combination pro

tion.

ATM Cards - When you open a Panama bank account one can usually obtain an ATM card good for cash withdraws from ATM machines worldwide. These ATM cards will have your name on them and can be associated with the bank you are using. Some people obtain an ATM card from another unrelated financial institution. These

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

cards typically have no name imprinted on them which right away adds to your privacy protection. These cards also do not leave a trail to your real bank. Money can be transferred to the ATM card by wire from your Panama or other bank account and then withdrawn as needed. Some people are fond of using these cards to cove

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

corporate expenses like travel, entertainment and other business expenses. Usually the ATM card purchase requires a copy of a passport.

Visa and MasterCard Debit Cards – Watch it here. This can be a real privacy violator. The USA recently got a lot of MasterCard records by a court order served on MasterCard in Miami.

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

his could happen again. The more private way of doing this is to get a Visa or MasterCard debit card from another bank, not your Panama bank. You load the card by wiring funds onto the card from your Panama bank. This eliminates any ties the card has to your real bank account. The card should come from an issuing bank i

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

n a bank secrecy country. The way these programs work is Visa and MasterCard do not know who the actual card holder is – no date of birth, no address, no tax id numbers etc. only the issuing bank has this information since they require a passport copy and a physical address to send the card to. So a subpoena to MasterCa

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

d or Visa would produce very little and since the bank is in a country with bank secrecy this avenue is going to be a long burdensome process that would be unlikely to be pursued and could only be pursued by a government in a criminal matter. You want to use a country where address verification is not set up on the debi

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

Following aspects would a

cards or else use a mailing/billing address for the card in another country where you have a reliable mail drop box. This further protects your privacy and of course is a convenient way to guard against any potential identity theft associated with using the debit card in a restaurant, store, online etc.

Telephone Reco

dd to the challenges in developing combination products:

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

rds – If you need to telephone your offshore bank consider using an anonymous prepaid cell phone so there is no record of any calls to the bank on your phone bill. Private detectives in USA can readily get copies of phone bills. A sharp divorce or collection attorney will look for international calls to isolate an offsh

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

re bank.

Online Banking – This is a great feature. Eliminate having statements sent to the house or office. Who knows who logs these statements being sent in the mail or even worse reads them, remember you could be a terrorist. Remember your ISP is a privacy nightmare. They are unregulated in general, unlicensed, and c

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

uld be owned by felons, child molesters or whatever. These people can collect your entire internet transactions read them and save them forever. Rest assured all of the big ISP's like MSN, AOL, ATT, COMCAST will save your log files for ever showing every website you ever went to, every file downloaded, every email sent

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

and to whom, etc. Don't assume they would require a court order to distribute this data, read your terms of service agreement and be prepared to be shocked. Now why should they know what online offshore bank you log into? So how do you stop it? You use an anonymous internet service provider. You log onto the internet th

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

Professional from academic institutions, pharmaceutical industries, health care indust

n log onto their VPN which encrypts all your internet traffic going from your computer to their server and now your log files are basically encrypted and your ISP only has gibberish log files on you except he knows you connected to the anonymous internet provider but has no idea what you did or where you went.

Make sur

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

the anonymous internet provider does not save log files or only does so for a few days to track down hackers, spammers etc. Never bookmark your online bank. Save your passwords in an encrypted password folder. Use a hard drive cleaner like evidence eliminator to erase tracks, places visited, image files, cookies, downl

.

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

oads logs etc that windows saves. To protect from Trojans, attacks etc. use an anti-spy ware program like spyware doctor and Norton anti-virus. Do not trust one of them alone. If you get a keystroke logger or Trojan it can capture your passwords and they can rob your bank account online. Extra measures are an applicatio

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

Companies that provide selfless information through particip

based firewall so if a Trojan got in it would not be able to phone home without you giving the new application manual permission to connect to the internet and a wireless router that uses encryption. All of these steps should keep you safe if you keep them updated and turned on – beats having someone get your passwords

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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What do they do? How do they work? Which one is right for me? By Alan Hearnshaw Spam is a very real problem that many people have to deal with on a daily basis. For those that have decided to do something about it and start to investigate the options available in spam filtering, this article provides a brief introduction to your options and the types of spam filters available. Despite the bewildering array of spam filters available today, all claiming to the best one “of its kind” there are really just five filtering methodologies in general use today and all products rely on one, or a combination of these:

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