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One of the easiest ways to borrow money of a financial institute is to use a Credit Card, available from all banks, building societies, and other financial organisations.

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 choices available are enormous, with a wide variety of interest charges, annual charges, loyalty schemes, and bonus points available. However there are two broad are

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

Examples of combination products may in

as that you should look at:

Annual Interest Rate

Firstly if you do not intend to pay off your Credit Card bill at the end of each month, then you should look at the Ann

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

al Interest Rate (APR), this rate is typically between 13-17% at the moment, and you should be looking for a card that offers as low an interest rate as possible. You sho

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

uld also bear in mind that you are charged much higher rates of interest than other forms of borrowing money, so if you do not intend to pay of your bills for a long peri

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

Combination pro

d of time, then you should seriously consider a different form of loan that is less expensive.

Extra Benefits

On the other hand if you do intend to pay off you credit c

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

ard bill at the end of each month, then you should be more interested in the loyalty schemes that are on offer. These vary from being awarded points every time you purcha

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

se something (these points can than me used to purchased gifts or air miles etc), to simply being given ‘Cashback’ on everything you buy (typically 0.5%-1% of your purcha

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

e). You should also look at the level of service that your card company offers. They are obliged under law to offer certain protection to the consumer, but often they wil

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

l increase this protection with other guarantees. Some offer extended warranties on electrical goods, extra travel insurance when you are on holiday, accidental damage in

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

urance for any goods you buy, and even free commission on cash withdrawals when abroad.

Also some companies charge an annual fee for using their card (especially busines

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

Following aspects would a

s credit card accounts), so these fees should be weighed up against the cards benefits.

Even if you usually do pay off your credit card bills at the end of each month, w

dd to the challenges in developing combination products:

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

hen you open a account you may be offered 6 months interest free credit. This is often an excellent way of saving money as you are basically given an interest free loan f

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

r 6 months. It is even more useful if you are allowed to transfer some credit card debt from a different company into the interest free offer. However there is a danger o

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

f becoming trapped in a bad debit cycle here, transferring your debt from card to card until it is completely unmanageable. The best advice is to make sure you always hav

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

enough money in the bank, or in a savings account, to pay off your debt when you are taking advantage of the interest free credit period. That way you benefit from earni

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

Professional from academic institutions, pharmaceutical industries, health care indust

ng interest on your savings in your bank, but as soon as the interest free credit period has expired, you can pay the entire bill off without being stung for high interes

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

t charges.

So to summarize

If you are not paying off your monthly credit card bills, look for a card that offers a low interest rate

If you are paying off your monthly

.

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

credit card bills, looking for additional card benefits

Interest free credit periods are good news for saving money, but beware of being caught in a debt spiral

Credit

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

Companies that provide selfless information through particip

Cards are an expensive way of obtaining a loan or borrowing money, and you should investigate other cheaper forms if you intend to borrow money in the medium to long term

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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