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Who will benefit from the new bankruptcy reform laws? The financial services industry and other big business groups, that's

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

who.

These groups contributed millions of dollars to elect Bush and other Republican candidates in 2000 and 2004, with th

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

Examples of combination products may in

e goal of overhauling the bankruptcy system. They and other big business groups have continued to spend millions, rage a

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

rguments and lobby persistently for bankruptcy reform. In March 2005, with the House and Senate loaded top heavy with Repu

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

licans, they succeeded.

The financial services industry includes the banks, credit unions, the American Bank Association,

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

Combination pro

credit card companies and retailers.

Big business groups pressuring for legislation include auto makers such as the Ford

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

Motor Company, General Motors, and DaimlerChrysler. These groups were willing to pay millions of dollars and spend many y

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

ars lobbying for bankruptcy reform. The car makers, unhappy with the way auto loans are handled when an individual files

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

for bankruptcy, pushed for reform.

Others who lobbied heavily for reform were car dealers, record labels, and gaming int

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

erests such as casinos, many of whom represent large corporations and prime lenders, such as MBNA Corporation and American

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

Express Company, who contributed millions not only to stack the political odds in favor of the bankruptcy reform bill, b

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

Following aspects would a

ut to elect candidates sympathetic to their goals. MBNA Corp. and American Express Co. are among the top beneficiaries of

dd to the challenges in developing combination products:

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

the bankruptcy reform.

Bankruptcy reform supporters argue that debtors seeking relief through bankruptcy are either purpo

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

sely gaming the nation's bankruptcy system or they are irresponsible spenders who should pay at least a portion of their b

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

lls if they are able to. In fact, about half of the claims filed for bankruptcy are attributed to medical costs.

Bankru

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

ptcy reform will require most filers to receive credit counseling and lessons on how to improve their financial management

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

Professional from academic institutions, pharmaceutical industries, health care indust

skills. Bankruptcy reform states that filers pay for the counseling themselves.

Included in the new bill is a provision

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

equiring that credit card billing statements include an example of the time it would take to pay off the balance at a part

.

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

icular rate of interest. Billing statements are also required to supply a toll free number for the consumer to call and

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

Companies that provide selfless information through particip

inquire about the length of time it would take to pay off the balance if they are only making the minimum monthly payments

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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