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We all agree that the credit card is very convenient. That is why the IRS allows you pay your taxe

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

s through it. To sweeten the deal, credit card companies offer rewards in the form of frequent fly

; 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 miles. So you can get a free air ticket too. But hang on, is that convenient to your pocket too?

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

Sadly, the answer is no.

Disadvantages

The IRS has authorized third party companies to process y

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

our credit card payments. However, you, the taxpayer has to pay for it. So, every time you use you

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

Combination pro

credit card to pay tax, you also have to pay a fee that is usually around 2.49 % of your tax. Thu

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

if you are paying $18,000 in taxes, you also pay an additional fee of around $450. Now add the fe

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

e charged by travel rewards credit cards and you can drop the second letter from the word ‘free’ a

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

in free airline ticket.

If you are in debt, the last thing you want is more debt. Annual interes

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

charges are quite high, even going up to 30%. You could spend the rest of your life paying for th

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

$18450 ‘convenience.’ If you are in debt with many credit cards, this additional debt can lead to

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

Following aspects would a

bankruptcy. But even that cannot save you. As per law, you still have to pay taxes along with oth

dd to the challenges in developing combination products:

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

r payments like child support or alimony.

It is for these reasons that consumer agencies like the

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

Association of Independent Consumer Credit Counseling Agencies (AICCA) suggest alternative ways of

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

paying income tax. You could dip into your savings bank account or take a loan at a lower interes

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

rate.

There are only two conditions under which this transaction looks good. You pay the IRS wit

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

Professional from academic institutions, pharmaceutical industries, health care indust

your credit card and simultaneously pay off the credit card company as well. This way, you avoid

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

the interest payments, if it is any consolation. The other condition is that if it is impossible f

.

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

r you to meet the IRS deadline. While the IRS can grab most of your assets immediately, your credi

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

Companies that provide selfless information through particip

card company cannot. While the case is in court, you may just win a lottery or inherit a windfall

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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