Digg It - Finance

Many people believe that eventually, and sometime in the not so distant future, no one will carry cash in their pockets, and everything will be purchased using plastic.

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

Others think that will happen around the same time that people start driving around in space cars, or when we have domesticated robot maids to clean our homes and make o

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

Examples of combination products may in

r meals. Whether it becomes a reality or not, it’s quite possible to live almost cashless in our current society!

Think about it. When you get gas, almost every gas s

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

ation has a pay at the pump option. Grocery stores, department stores and almost anyplace where there is a cash register can accept credit or debit cards, and you can e

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

en pay your waiters a tip from your card when dining at the restaurant. Fast food and drive through windows are even accepting debit or credit cards, now! So, if a per

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

Combination pro

on truly wanted to stop carrying cash all together, it would just about be possible by using debit cards, prepaid credit cards or regular credit cards to handle all of y

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

ur financial transactions.

As with any choice there are advantages associated with going “cashless” or not, as well as disadvantages. Using cash requires an in person

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

ransaction. You shouldn’t mail cash through the postal service, as it’s very easily stolen, and you are unable to purchase online using cash. Cash however, helps maint

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

in anonymity when you buy items or pay for services, where as a credit card reveals information about you to the vendors that you may not want them to have. Privacy is

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

concern, and using plastic means there is a chance for fraud or identity theft.

A problem many people have with credit cards is over spending. It’s very easy to spend

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

more than what your budget allows when you aren’t counting out the actual cash and seeing the hard earned money leave your hands. The “I’ll pay it later” is much easier

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

Following aspects would a

than saving money for that expensive purchase, and most of the time, something comes up that prevents us from paying it completely when “later” actually arrives. When u

dd to the challenges in developing combination products:

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

ing plastic for purchases, however, you are less likely to drop your card on the floor while pulling out one of your other credit cards like what often happens with cash

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

Have you ever stood behind someone in the grocery store line, and as they’re reaching in their wallet or purse for a $20, another couple of bills happens to fall out?

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

Losing cash means it’s gone forever (unless some really nice soul sees it happen and gives it back to you!) but you do have some additional security when your credit car

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

s are stolen.

The biggest disadvantage of going cashless is the amount of interest you’ll pay when you don’t pay off your balances at the end of each month. It may be

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

Professional from academic institutions, pharmaceutical industries, health care indust

xtremely convenient to swipe your card everywhere you go, but when your statement comes you better hope you have enough to cover it or else each of your purchases are go

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

ng to cost you well more than the price tag indicated!

Deciding whether to carry cash or go “cashless” is a personal decision for now, as we still have the ability to u

.

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

e both. It’s hard to say whether or not we will ever be forced to use only plastic, but you can bet if the credit card companies have their way we will become a cashles

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

Companies that provide selfless information through particip

society! Until then, become familiar with the advantages and disadvantages of each option, and decide which will work for your personal financial habits and discipline

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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It’s not what you know, it’s who you know. How many times have you heard this phrase? In my experience this phrase is usually one that is uttered by a specific group of people for a specific purpose.

One of the best ways to run a car wash fundraiser is to sell tickets in advance and canvass various neighborhoods going door-to-door. Most car wash fundraiser tickets can be sold for four or five dollars and it really does not matter how much you sell them for because 80% of the people who buy the car wash fundraiser tickets will not come to the event anyway.

You may not believe it, but people still judge things by their appearances. How does your website look? The appearance of your web site text can actually increase or decrease your sales. Below are web advertising ten points to consider when designing your web site.

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