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People donate to charity in a number of ways. They give old clothes, bake and sell cakes, or contribute their time. Now there's an even easier way to

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

support your favourite charity by using your credit card.

People have been able to use their credit cards to make direct payments to charity for qu

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

Examples of combination products may in

ite some time. But now many charities are automating the practice of receiving donations by launching their own credit cards backed by major banks.

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

Charity Credit Cards – How They Work

Charity credit cards donate to charities in two ways. People apply for credit cards as usual. Once the applicat

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

ion is accepted, the issuing bank donates a lump sum to the charity. This can vary considerably, from as little as ?5 to ?40 or more.

The second pa

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

Combination pro

rt of the donation is a fixed percentage of spending on credit card purchases. Again, this rate can vary from around 0.25% to 1%. This means that cha

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

rities get 25 pence for every ?100 spent on the card.

Some card issuers offer an incentive for repeated spending on the card or for continuing to ke

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

ep the card. This usually means another lump sum donation to the charity at the end of a set period, such as a year.

Children's Charity Credit Cards

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

There are many charities that issue credit cards, including many popular children's charities. The NSPCC (National Society For The Prevention of Cr

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

uelty To Children) card is backed by Halifax and offers a preferential rate on balance transfers for six months. Other credit cards for charities tha

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

t benefit children include:

1. Barnardos – issued by Cooperative Bank
2. Children in Crisis – issued by Cooperative Bank
3. Childline - is

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

Following aspects would a

sued by MBNA
4. Children's Aid – issued by Cooperative Bank
5. Children's Society – issued by Cooperative Bank
6. Great Ormond Street

dd to the challenges in developing combination products:

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

Children's Hospital
7. Mencap – issued by Halifax
8. Save the Children – issued by Cooperative Bank

All of these credit cards offer a one-

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

off donation when the card is issued, a percentage of spending donated to charity and an additional donation for continued use of the credit card.

L

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

ooking For The Best Charity Credit Card Deal

In addition to donating to charity, most charity credit cards offer the same benefits as other credit c

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

ards. It is worth shopping around for the best deal. There are many websites that have credit card comparison charts to help people decide on the bes

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

Professional from academic institutions, pharmaceutical industries, health care indust

t mix of features.

Many charity credit cards have introductory offers. These include 0% balance transfer rates for fixed periods. Some card issuers

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

charge a one-off fee for balance transfers to stop the practice of rate jumping.

Other introductory offers include long term low interest rates, low

.

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

or 0% interest rates on purchases, reward points and more.

Shopping around for the best credit card deal will give consumers a credit card that sui

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

Companies that provide selfless information through particip

ts their spending habits. At the same time, they will be able to automate their charitable contributions. This benefits both consumers and charities.

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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