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Whether you are a huge company, or just a fledgling start-up, accepting credit card payments is very

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

important. Many people will not make any purchases on your web site if you do not accept credit ca

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

Examples of combination products may in

rd payments. Some people do not think that your business is reputable enough if you do not accept c

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

redit cards. Other people want to make an impulse buy, but if they can not buy it right now, then 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

hey might leave your web site and never return. Accepting credit card payments is not very hard to

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

Combination pro

setup, but there are some distinct steps that need to be taken to allow you to do so.

First you wil

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

l need to contact your bank or a third party company to setup a merchant account. A merchant accoun

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

t allows you to accept and hold credit card payments. The next step you will need to take is to cre

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

ate a form on your web site where the credit card information can be obtained. There is a variety o

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

f different scripts that can be used to accomplish this task. The code needed is not very complex a

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

d it can be written by almost any programmer. If you do not want to write code from scratch, then m

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

Following aspects would a

any are available to accept credit card payments, so you could also just purchase one of those.

Aft

dd to the challenges in developing combination products:

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

er that you will need to purchase a service that will process credit card payments. Many services a

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

re available online, and some of these services will also allow you to setup a merchant account with

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

them, so you can accomplish many steps working with 1 company.

Now that you have the steps needed

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

to accept, process and store credit card payments, you need to make sure that your web site is secur

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

Professional from academic institutions, pharmaceutical industries, health care indust

e, so that people’s credit card information can not be stolen. To do this you need to setup your we

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

b site on SSL or Secure Sockets Layer. Your ISP can set this up for you, and then you can get an SS

.

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

L certificate to let the world know that your site is secure. These are the basic steps needed to a

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

Companies that provide selfless information through particip

ccept credit card payments on your web site. Use this information to help build your business today

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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