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Imagine arriving at your home or business only to find it burned to the ground. For too many people, that scenario is a frightening reality. To just about any home or business owner, a fire is the most detrime

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

ntal of all disasters. Charred remains of furniture, equipment and personal belongings stand as reminders of what used to be. Even worse, many items may be burned beyond recognition.

While losing everything y

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

Examples of combination products may in

ou own seems like a bleak forecast, all is not always lost. In fact, getting through the fire’s aftermath depends on how organized you are before disaster strikes.

Chances are you have insurance for anything

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

of value. You also have all sorts of paperwork that can help you get your life back in order, such as financial records, business records, and personal documents. As long as you take the foresight to protect t

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

hese vital items, you can rebuild your home or business in no time.

Well-protected businesses and smart homeowners utilize one of the most indispensable storage tools ever developed: a fireproof file cabinet.

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

Combination pro

In fact, most experts recommend that at least ten percent of your filing equipment be fireproof in nature.

Fireproof file cabinets are available from any office products dealer or catalog. They cost more tha

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

n a standard metal file cabinet, but the investment is worth the price. You’ll enjoy peace of mind knowing that should a disaster ever strike, your important papers will be protected and your business and/or p

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

rsonal life will quickly continue as normal.

However, simply having the correct file container is just the first step. In order to be fully protected, you need to make sure you have the correct items filed in

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

it. For each person and business the list of documents to store in a fireproof cabinet will be different, but here are some suggestions to get you started.

1. Collect your important personal and business pap

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

ers and information related to financial transactions. Clear off those desks, table tops and credenzas, toss the papers you no longer need and keep only what’s vital. Most people will want to keep a record of

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

contracts, insurance policies, payables, receivables, deeds, titles, licenses, tax records, bank account numbers, birth certificates, identification records, doctors, credit card statements, divorce decrees, i

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

Following aspects would a

nvestment records, marriage certificates, mortgage or other loan information, social security cards, trusts and wills. There are many other items you may wish to keep--decide what is important to you. Create a

dd to the challenges in developing combination products:

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

list of your filing system’s contents so you can easily see what is available or what you still need to acquire.

2. Take an accurate home and business inventory. Rather than simply listing your items, break

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

it down by room or office. This is a great cross-reference tool in case only one room of items gets damaged. Next to each item indicate its value and approximate date of purchase. Also indicate whether or not

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

ou have warranty or insurance information for the item on file.

3. Create copies of everything. Some copies may need to be certified, so allow ample time to get the duplicate copies you need. Put the importan

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

t original documents in plastic covers to protect them. This will keep them clean and damage-free while preventing you from accidentally giving away an original. Store one set of copies in the same location as

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

Professional from academic institutions, pharmaceutical industries, health care indust

the originals and another set of copies in a location separate from your main filing system (such as a safe deposit box). Most important, notify the appropriate people where this important information will be

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

located in case you are not available when it is needed.

4. Continually add relevant information to your filing system. As you go through your day, be aware of the kinds of information you should add. Identi

.

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

fy a method, such as an index card in your pocket or mini tape recorder in your car, to make notes of new items as they pop into your mind.

Fire is one of nature’s most destructive elements. But today’s firep

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

Companies that provide selfless information through particip

roof cabinets along with your careful planning can keep your home or business protected, even if it is burned to the ground. Reconstruction won’t be easy, but it will be possible when you use the correct tools

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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Most entrepreneurs realize the need to market, yet they often don’t know what to do or are on a limited budget. Learn 7 cost-effective proven strategies to market virtually any business.

When you finally sell your business you want to get the most money possible. Pay attention to these value drivers and get the best sale price for your company.

Depreciation the permanent decrease in the value of an asset due to use and/or the lapse of time. It is treated as a business expenditure. It is very necessary to include depreciation as machinery etc. does not remain same after use and if its value remains same the accounting accuracy and profit and loss calculation shall be affected resulting in inflated profits.

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