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They say money make the world go round. Some people also say money is the root of all evil when in fact it is the love of money is the

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

root of all evil.

The fact of the matter is money affects us all, both beggar and king. Whether you struggle to make ends meet and

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

Examples of combination products may in

do not have two cents to rub together or whether you have more money than sense your life is dependant on how you manage your finances

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

Quite often people with lots of money are very thrifty and are not inclined to splash out on whimsical purchases which is probably w

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

hy they have lots of money to begin with.

On the other hand people who are hard up for cash will often adopt a devil may care attitud

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

Combination pro

and go on a spending spree should they be fortunate enough to come into some money based on the ethos that it is easy come, easy go a

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

nd to spend it while they have got it.

The best approach to managing finances is to have a balanced and structured budget which incor

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

orates all of your expenditure together with reserves in place for any unexpected expense which may crop up along the way.

Money is n

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

ot only there to pay for your essentials like food, bills and a mortgage but also to bring a little joy to your life. It is just as im

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

ortant to include things like holidays into your yearly budget and finances for treats for you and your loved ones.

When budgeting yo

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

ur finance for your household this ideally should be done on a monthly account with a breakdown for weekly expenditure. Many people s

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

Following aspects would a

imply make a list of all there bills such as electric, gas, water and so on but forget to include hidden or incidental expenses like l

dd to the challenges in developing combination products:

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

ttery money, dry cleaning and money paid to charity.

If you work in an office you will likely have to pay for collections when people

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

are leaving or it is there birthday, charity events, lottery syndicates, sandwiches, and your suit to be dry cleaned all of which are

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

expenses that you would not consider or probably overlook when doing your monthly accounts.

Another aspect people normally under esti

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

mate are the true costs of owning a vehicle. People generally fail to accurately detail the cost of running a car and will quite often

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

Professional from academic institutions, pharmaceutical industries, health care indust

make the mistake of just accounting for petrol costs rather than taking into account insurance, tax, petrol, the cost of the MOT toge

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

ther with maintenance and servicing, car washes and breakdown cover to name a few. When properly estimated these running costs can ha

.

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

e a serious effect on your finances and if you are a two car family then the cost will need to be doubled.

Therefore it is very impor

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

Companies that provide selfless information through particip

tant to think very hard about every dime that is spent as it is normally the incidentals that will mess up your overall financial plan

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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