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If you haven’t checked your credit card statement lately, you should. Why? Because just about every time the Prime Rate increases

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

, the interest rate you pay on a variable rate credit card rises accordingly. Over the past two years, the prime rate has skyrocke

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

Examples of combination products may in

ted to 8.00%, up 100% from January 2004, when this benchmark rate was a mere 4.00%. That means many credit cards that once charged

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

rates around 10% are now charging close to 14% or more. Fortunately, credit card issuers have continued to offer 0% interest rate

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

on balance transfers and purchases. For many, these 0% APR offers represent the best way to cut down on mounting interest charges

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

Combination pro

.

Currently, American Express® leads the pack in 0% offerings, with the American Express® Blue credit card offering a 0% APR for u

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

p to 15 months. However, it takes excellent credit to attain this great introductory rate. In addition to the 15 month 0% APR off

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

er, the American Express® Blue credit card also offers fixed APR balance transfers. Unlike the variable rates that apply to most b

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

lances, fixed APR balance transfers allow you to fix in your interest rate until the balance is repaid.

If you’ve been stung by ri

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

sing interest rates, but don’t have the excellent credit needed to obtain an American Express® Blue, there are still a number of 0%

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

APR options on the market. Just about every credit card issued by Chase offers a 0% interest rate on purchases and balance transf

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

Following aspects would a

ers for up to 1 year. Similarly, most Citi® credit cards offer at least a 0% for 12 months on balance transfers, with some cards o

dd to the challenges in developing combination products:

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

fering 0% on purchases as well.

So, knowing what’s on the market, the question becomes: just how much can I save with a 0% APR cr

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

edit card? While the precise value will differ from person to person, the basic answer is quite simple: a lot. For example, a $5

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

,000 0% balance transfer can save a person with a 14% interest rate close to $800 over the course of one year. That’s no small cha

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

nge. If you don’t need a 0% balance transfer, but want flexibility in paying back your balance, a 0% APR on purchases will also pr

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

Professional from academic institutions, pharmaceutical industries, health care indust

vide great savings. For example, using a 0% credit card on just a $1000 of new purchases would still save you over $100 in interes

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

t expenses over the course of a year.

Smart credit card usage can save you hundreds, if not thousands of dollars a year in interes

.

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

t. With current credit card rates moving higher and higher, a 0% credit card is more of an asset today than it was just a few year

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

Companies that provide selfless information through particip

s ago. Remember, however, that not all 0% offers are the same. Be sure to read the fine print. And enjoy the money you will save

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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As the smoke of battle clears, what these managers will have is a sound public relations strategy combined with effective communications tactics leading directly to the bottom line -- perception altered, behaviors modified, employer/client satisfied.

Can't do it all by yourself? Then don't! Discover why outsourcing is important and what you should outsource...

If you are like most people, you know that paying bills is an important part of maintaining good credit. If you are late or if you miss payment on a particular bill, you could soon find yourself hit with dunning letters or worse: your credit score could take a hit.

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