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The other day, while I was drawing up the plan for a business idea which I was working on, I had the opportunity to have a short chat with a middle aged ma

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

n at the cafe, and from what I gathered, he seemed to be rather depressed with his job and felt that the world was being unfair to him, as he did not get t

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

Examples of combination products may in

e promotion he had been eyeing on for the past 3 years. He was an engineer by training and profession.

That incident set me thinking…That man was luc

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

ky, he merely did not get his promotion. But how many of us had been dedicating half our lives to a particular job, only to find out near retirement, the c

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

mpanies have decided to replace us with someone younger and at half our wage?

If that is so, how then are we going to build our nest egg and more so,

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

Combination pro

for those who are reaching their golden years? How are they going to keep growing wealth? Do they have a system which can help them earn cash and create m

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

ltiple income streams as passive incomes, so that they can keep their money and not deplete it on their existing lifestyles, when they retire?

On the

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

internet, is where the world is borderless and so long as one is willing to learn, that goal of building infinite wealth will always be able to be kept al

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

ve. What’s more? You can keep that day job and do this part time. For others, who are already home makers, it’s another work at home opportunity. Let me st

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

ate some examples :

Online Trading
This is nothing new…people have been trading in the stocks or forex market since the beginning of time

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

and some just continued to make a living out of it through a different medium, by going online. You can find out more about it through numerous online bro

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

Following aspects would a

kers’ websites. A word of caution though, please do some homework, if you are new to the world of investments.

Online Auction
For some of

dd to the challenges in developing combination products:

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

us who are rather risk adverse, and prefer to dabble in something more familiar, why not try eBay? Many millionaires started their journey there...However,

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

do be careful on the numerous processing fees out there, which can deplete a substantial amount of your profits.

Electronic Books
Or just

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

simply term as e-books, is another viable option to some folks, who are able to share their wealth of experience or knowledge to the world by writing an e-

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

book and selling for a fee.

Affiliate Marketing
For many people, a sure and steady way to have multiple streams of passive income, is thro

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

Professional from academic institutions, pharmaceutical industries, health care indust

gh Affiliate Marketing. As there are many programs out there when you do a search on Google, it is best to check out certain online business review sites a

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

nd seek out the good quality ones, so that you will not be drawn into some which are actually scams.

There are other ways to build your wealth and ke

.

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

p it, like through e-commerce, adwords and adsense. As long as you let that creative mind roll and start your planning NOW… that nest egg of yours w

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

Companies that provide selfless information through particip

ill definitely be protected, upon arrival. Just remember…

“I’m going to do my planning for the future, as I will be spending most of my life there.”

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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