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Chances are, you have probably received one of those flashy letters with big headlines that practically scream “YOU’VE JUST WON A BAZILLION DOLLARS!!!” You begin to get really excited and then you see that really, really ti

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

ny print below the headline that reads “You might actually hear this statement if you have the winning number out of the 100 billion numbers we give out, and oh, you must send us $15 in order to get a number in the first pl

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

Examples of combination products may in

ce.”

Although this example may be somewhat far-fetched, this type of scam happens everyday. Common "scams” or frauds appear in the form of contests, home repair offers, and credit offers. Unfortunately, fraudulent activiti

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

s often target senior adults. Some estimates show that the elderly are scammed out of $40 billion each year. This is not because American seniors are less savvy than younger people. Our greatest generation is simply not acc

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

stomed to mistrusting people or doubting the credibility of offers they receive. Scammers often use fast, friendly chatter and slick promises to make the consumer feel at ease. This helps scammers convince the consumer that

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

Combination pro

they just can’t pass up the offer.

Credit card offers with phony promises of obtaining credit cards are often targeted at senior adults who have no credit history or a poor one. In one common scenario, the scammer asks the

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

senior to provide them a fee in advance before they can receive a guaranteed credit line. Unfortunately, in a lot of cases, the so-called credit organization does not really exist and the victims lose their money. The golde

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

rule to follow when considering any unsolicited offer is that if it sounds too good to be true, then it probably is! Other good rules of thumb:

1. Never give out personal information over the phone to an unsolicited calle

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

. This includes your social security number, address, bank account, credit card numbers, phone numbers, or date of birth.

2. If you are considering a card offer from a telemarketer or unsolicited mail, first check with you

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

local Better Business Bureau, or the National Consumer League National Fraud Information Center. These organizations can often give you reports on unscrupulous companies.

3. If money is requested in advance, be wary. Rese

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

rch the company using the resources listed in #2, unless you know for certain that you are dealing with a reputable company.

For other tips on avoiding credit fraud, check out the Association of American Retired Persons we

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

Following aspects would a

bsite, or investigate other online resources, including our own credit card scam section (click on the "Credit Information" link) . Also consider local resources to learn about credit cards and how to spot scams.

Why Is

dd to the challenges in developing combination products:

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

Everybody Always Picking On Me?

Senior adults are also at risk for credit discrimination. This seems rather ironic when you consider that older adults tend to have less heavy debt and fewer bankruptcies than younger pe

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

ple. Reduced income and no prior credit history are among the common causes of discrimination as cited by the AARP. But you should know that credit discrimination is against the law, and you can take action if you experienc

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

this type of treatment. Review the Equal Credit Opportunity Act (ECOA) on the FTC's website to find out what you can do.

Now Have Some Fun

Now that you know how to avoid the scams, take a look at some trustworthy

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

redit cards that cater to seniors.

*First USA has partnered with the American Association of Retired Persons to offer the AARP Platinum Visa Card.

*American Express offers a Senior Member Card for their “mature members.”

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

Professional from academic institutions, pharmaceutical industries, health care indust

hile this is not specifically for senior citizens - you only have to be 18 year of age to obtain one - you will earn a reduced annual fee if you are 62 years of age or older. There are also a slew of "senior perks" associat

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

d with this card.

*Like to hit the open road? First USA offers several cards that offer special perks for travelers. Many of these cards offer discounts for popular tourist destinations, including Pigeon Forge, LasVegas, a

.

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

d the Grand Ole Opry. Click here for a list of credit cards that offer travel rewards (scroll down to the "Travel and Entertainment" sub-category).

There are countless others - Golf Digest MasterCard, World Travelers of Am

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

Companies that provide selfless information through particip

rica Visa, Colonial Williamsburg Visa, the list goes on. Remember to look to established credit companies and don't forget to view the Card Reports section of our site. After finishing your homework, let the good times roll

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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All entrepreneurs who run their own small companies believe that they have the greatest customer service and yet if they were to survey their customers they might find out the truth about exactly how happy their customers actually are. When doing surveys for customer service for small businesses I am always amazed at the difference between what the entrepreneur thinks about his own customer service and what the customers actually think.

If you've been so busy working in your business that you have forgotten about yourself, it's time to stop and assess the situation.

Maintaining a safe workplace is challenging. If you are truly interested in keeping your employees safe and productive in your workplace then here are some workplace safety tips for you.

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