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If you are a first time credit card user or have had credit cards for years, it is important to know about possible scams that you can be exposed

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

to. Although many credit card companies are perfectly honest, there are also many dishonest ones who want to rip you off. If you are unaware of

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

Examples of combination products may in

he ways in which you can be conned or misled then you could end up losing a lot of money. Here are some of the worst credit card scams around and

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

how to avoid them:

Debt suspension

Debt suspension offers are sometimes offered by banks as a way to ‘help’ you keep on track with payments. Th

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

way debt suspension works is that you pay a certain amount each month so that if you cannot pay your bills then no interest will accrue during t

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

Combination pro

is time. Although this might seem like a good idea at first, the benefits are really quite minimal. You cannot use your card whilst you are out o

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

f work, and although no interest is being added, your payments are not being paid so once you can work again you still have the balance to pay. I

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

essence you are paying money for something that will not really help you. If you are getting a credit card then make sure that this type of debt

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

suspension offer is not included at a cost to you within your payments. If it is then get it removed and find an independent insurance policy tha

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

will help with your payments if you are unemployed.

Advance fees

One of the worst scams around is the advanced fees scam, which targets people

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

are desperate to get hold of a card with good rates. The ‘lender’ will offer you a card at a great rate, but the catch is you have to pay them an

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

Following aspects would a

administration or approval fee up front so that your application is processed. Once you have paid this fee then you probably will never hear fro

dd to the challenges in developing combination products:

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

the company again. If you are ever offered a card but are asked to pay a fee upfront, just refuse. Even if you have poor credit you shouldn’t ne

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

d to pay fees up front for cards. A lender should either accept or reject your application, and fees are not required.

Credit protection

One of

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

the most common scams around is to add expensive credit protection to your card in case it is lost or stolen. The extra money you pay for this pr

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

tection is usually very high, and often covers you for very little. If you report your card stolen immediately then it is unlikely that you will

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

Professional from academic institutions, pharmaceutical industries, health care indust

lose much, and other insurance policies or consumer laws often cover you already. If you really want protection then get a separate policy from a

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

independent company that will work out a lot cheaper and will allow you to protect all your cards at once.

If you are getting a credit card, th

.

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

n remember to check and double-check all clauses within the agreement you are signing. If anything seems suspicious at all, then do not sign and

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

Companies that provide selfless information through particip

ind a different company. As long as you are aware of the dangers you will find a fair and honest credit card company who can give you great rates

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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This articles addresses some of the key challenges around 'control' addressing companies who are making decisions around outsourcing. Very often companies fear they will 'lose control' - in reality it is also important to remember that there are some aspects of control which simply cannot be outsourced.

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