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Hidden Charges You Pay
Until that happens, you ought to be aware of the mind-boggling amounts you could be paying in hidden cha

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

rges.

Late payments – If you delay making your monthly payments until after the due date you may find yourself paying add

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

Examples of combination products may in

itional fees ranging from ?15 to ?25.

Exceed credit limit – If you happen to clip past the valid credit limit offered b

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

y your credit card company, you should be prepared to pay anywhere between ?15 and ?25.

Statement copies – Yes, even thi

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

s is frequently chargeable; you may even be paying up to ?5 per page of your statement.

Voucher copies – If you lose you

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

Combination pro

voucher and request a copy, then you may find yourself paying ?5 for it. If you happen to be in another country or overseas, be prepared t

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

o pay even ?10!

Unpaid direct debits – This can cost you a hefty hidden charge of between ?15 and ?20 each time the dire

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

ct debit is rejected due to insufficient funds.

To allay fears of hidden charges, credit card companies have begun to offer ‘su

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

mmary boxes’. In these boxes you are supposed to get a bird’s eye view of the:

exact charges and fees
interest ra

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

tes

repayment details

balance transfers

due debts etc

that are levied by the co

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

pany. However, for the lay person many summary boxes are difficult to comprehend. This has increased fears that credit card companies offer

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

Following aspects would a

lower initial rates simply to kill the competition and get customers and that once customers begin using their cards, they recover this mo

dd to the challenges in developing combination products:

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

ney through the back door with their hidden charges.

The Hidden Charge of Credit Card Cheques
Another substantial hidden charg

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

e most companies levy is in the form of credit card cheques. Most credit card consumers don’t even realize that companies begin by mailing

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

unsolicited credit card cheques to them. They make tantalizing offers of how consumers can issue these cheques and then pay back the outsta

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

ding using their credit cards.

Consider these shocking statistics:

You might have to pay almost double interest on credit card

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

Professional from academic institutions, pharmaceutical industries, health care indust

cheques. For example, if your APR is 9.95%, then you may safely assume that the rate will jump to something in the range of 21% if you deci

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

de to use credit card cheques.

Such cheques will not normally offer an interest free period. So, from the moment you use the che

.

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

que, the interest clock starts ticking away furiously.

Add a 2% fee for cash handling charges

Credit card cheques, al

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

Companies that provide selfless information through particip

ong with normal credit cards, levy hidden charges so be careful the next time you sign up for a credit card and always check your statement

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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