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All the recent talk about earning big money by becoming bankers…has caused a ru

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

sh by everybody (be it fresh grads, experienced professionals, etc) into the fi

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

Examples of combination products may in

ancial services industry. It is true that the money is in this industry now.

H

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

wever, to be earning the top dollars (i.e. to be in the front line) one need to

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

be a certain caliber and I hope most of you agree with me that not everyone in

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

Combination pro

this world is top caliber. And also, one got to look at what are the sacrifices

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

for such money and prestige.

Personally I would recommend most of us who are n

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

ot of such caliber and who wants to have a comfortable life, to not chase after

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

all the “glamor” that has been reported in the media about the financial servic

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

industry. The media are just reporting people who make it but not those who ha

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

e fallen.

Some words of wisdom …”When people are rushing into somethin

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

Following aspects would a

g, it’s time for the wise to get out or stay away…” Just think, the financial s

dd to the challenges in developing combination products:

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

rvices industry has its own ups and down. Companies around the world are cuttin

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

costs…job cutting can come anytime..beyond any employee’s control.

A

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

fter some thinking about the situation, I would still think that for people who

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

are not of the top caliber, they should try out and plan for sources of passive

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

Professional from academic institutions, pharmaceutical industries, health care indust

income. These allow the average Joe or Jane to exhibit his or her potential to

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

the fullest (without trying to impress bosses). The best thing is, you do not n

.

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

ed to slog and work ridiculous hours (try checking out an investment banker’s w

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

Companies that provide selfless information through particip

rking hours) for these types of income. That’s why I call them “passive income”

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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