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Logic would say so. After all, most physicians, dentists, attorneys, and accountants have spent years in formal training, becoming certified, and passing stric

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

t examinations. All on their way to becoming the pillars of society they are today. We trust these fine educated specialists with our bodies, teeth, injustices

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

Examples of combination products may in

, and financial affairs with total trust and respect. And they, in turn do everything possible to earn that trust. Or is it earn that almighty dollar? I can ne

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

ver distinguish which is more correct, Suffice it to say, they work hard at whatever it is they do. So why am I so skeptical about their values and real concer

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

s?

I should give you some of my background. I worked as a sales and marketing consultant for the Bell System Yellow Pages for nearly 25 years. During that ten

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

Combination pro

ure, I had hundreds of these professional accounts and got to see and experience, first hand, how they treat their clients and what was their driving force. In

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

addition to those whom I have listed, I interviewed opticians, ophthalmologists, plastic surgeons, financial advisers, insurance agents and too many others to

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

recall. But they all had one thing in common: they were in business to make money. Shocked? I wasn’t. Do you honestly think your family physician gives you you

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

r annual physical out of his sense of loyalty to the Hippocratic Oath? Or is it to be reimbursed by your insurance plan?

You can’t blame anyone for trying to

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

make a buck. After all, they have to make that Mercedes lease payment. But they also are the ones that can make, or break your health, or economic situation. H

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

ve you ever checked out their credentials, educational background, or other qualifications? Realize that it’s your life that they are handling and you have the

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

Following aspects would a

right to know these things. For instance, if you knew that your dentist got his degree from an online dental school based in Belize, would that give you peace

dd to the challenges in developing combination products:

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

of mind while he’s extracting a bicuspid? Understand that most of these fine people are doing an admirable job, but not all of them.

That’s because they’re j

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

ust human. There, I’ve said it. Amazed? You shouldn’t be. And the fact that they can commit numerous errors of judgment, become absent-minded, or have an absol

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

tely terrible relationship with people, be it their staff or the public, doesn’t cancel out their diplomas or force a closing of their practice. But I can atte

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

st to the incompetence and lack of social skills that plague many of my previous clients.

Therefore, do your homework. Get references, talk to former customer

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

Professional from academic institutions, pharmaceutical industries, health care indust

s, patients, or clients, and check with the appropriate licensing authority for any complaints, or black marks, filed against their practice. This public infor

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

ation is available through many sources. In the case of healthcare providers, a site I recommend is ‘thenurseschoice.com,’ which has ratings of these professio

.

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

nals by nurses and patients and provides the certifications and credentials I just discussed. Then, at least, you can make an educated decision. But don’t alwa

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

Companies that provide selfless information through particip

ys assume that professionals always know what they are doing. In the real world, they have the same DNA as the rest of us, for better or worse. So, myth busted

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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A recent survey of more than 320 senior finance executives in North America and Europe showed that over 68% of companies have developed and deployed rolling forecasts. However, most of these executives still feel they need to improve the accuracy of their financial forecasts as well as the time it takes them to produce these forecasts.

Today more and more people are using the Internet and the number of older users is increasing fast. The internet is becoming an important source of news and information. With the popularity and widespread usage of Internet, the popularity of ecommerce business is also spreading like a wildfire.

Accept major credit cards? Perhaps you never thought of yourself as a sophisticated entrepreneur with the business savvy to utilize this type of payment. After all, aren’t credit cards for big-name corporations who do not want to be bothered with the daily mundane deposits of cash and checks? Not anymore! Now even home-based or small business owners can get approved for a merchant account that will let them get paid by customers’ credit cards. The process isn’t that difficult, so there’s no reason why you shouldn’t cash in on this exciting possibility for growing your business.

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