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Digg It - Wealth-How to Avoid a Financial Train Wreck
Many people today are on a bullet train ride to financial disaster. With no savings plan, no reserve fund behind them and an o
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
ut of control spending habit, these people are just gliding along until the track runs out.
Unfortunately, they don't seem to
Unfortunately, they don't seem to
; 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
realize that the tracks lead to a cliff edge and the train track bridge has not yet been built. That is not a pretty picture t
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
imagine.
Spending all of what you earn or more than what you earn cannot go on unabated forever. It doesn't work like that.
Spending all of what you earn or more than what you earn cannot go on unabated forever. It doesn't work like that.
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
et that is exactly what so many people are doing.
Buy now and pay whenever seems to be the mentality, particularly among youn
Buy now and pay whenever seems to be the mentality, particularly among youn
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
people. Cell phones, motor vehicles, large TV's, electronic gadgets and clothes seem to be the main things that they spend th
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
eir money on. Most of this debt is racked up on expensive credit cards.
Failing to set aside money for the future is not only
Failing to set aside money for the future is not only
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
irresponsible, it is downright foolish. Eventually, as the saying goes, the piper has to be paid.
Banks, finance companies an
Banks, finance companies an
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
loan sharks will think nothing of bankrupting anyone who gets into a position where they are unable to repay credit cards and
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
loans. They are absolutely mercenary. They will stop at NOTHING to claw and gouge their money back.
Once a person is d
Once a person is d
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
clared bankrupt all sorts of restrictions are imposed. Those restrictions last for years and years before they are lifted - IF
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
they are lifted. In fact, the stigma attached to bankruptcy lasts for life.
So many companies, including banks, finance prov
So many companies, including banks, finance prov
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
ders and insurance companies ask the question:
"Have you EVER been declared bankrupt?"
And they ask it in big bold le
"Have you EVER been declared bankrupt?"
And they ask it in big bold le
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
ters just like I did above. They make it so that you cannot possibly fail to see it. There is a reason for that.
If you answe
If you answe
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
yes then there is every chance that higher interest rates will apply to you because you are assessed as a higher risk. That,
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
f course, is assuming that you will be able to obtain what you are seeking. You may just be denied outright.
If you answer di
If you answer di
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
shonestly then you will be committing fraud which is illegal. You will be penalized by the Court system and for this you will
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
probably be fined.
You must AVOID bankruptcy. It may seem like a convenient way of dismissing all your debts and start
You must AVOID bankruptcy. It may seem like a convenient way of dismissing all your debts and start
.
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
ng afresh. It is NOT!
Start budgeting, start saving, start curtailing your spending. If you don't you will indeed end up out
Start budgeting, start saving, start curtailing your spending. If you don't you will indeed end up out
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
f track and this will result in a financial train wreck for you. Start being responsible today. Not tomorrow. TODAY! Seek help
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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