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There are so many types of credit cards around that it can be hard to work out which is the best. However, one type of card that is q

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

uite popular is the fixed rate credit card. Fixed rate credit cards give you the peace of mind that your APR will remain the same for

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

Examples of combination products may in

a given time, with all the benefits of a normal card. If you want to know more about fixed rate credit cards, then this article can

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

help you.

What does 'fixed' mean?

A fixed rate credit card is a card that has an APR that will remain constant for a certain period

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

of time. Most fixed rate cards offer a fixed APR for around 3 to 5 years. This means that your interest payments will remain the sam

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

Combination pro

e during this period.

Why get a fixed rate card?

If you have a fixed income and cannot afford your repayments to rise, then getting

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

a fixed rate card would be a good choice. Even before you spend any credit you can work out what the charges will be over the next m

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

onths and years. This will help you to budget more effectively and know exactly what you will be paying each month. If you want the p

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

eace of mind that your repayments will not change, then a fixed rate card is a good idea.

What are the costs involved?

Although fix

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

ed rate cards are by no means expensive, they do generally have higher interest rates than variable rate cards. The lender is taking

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

a risk by offering a fixed rate card, because the base interest rate could rise and they could lose out. This is why the interest rat

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

Following aspects would a

es offered on fixed rate cards are on average 2-3% more than regular cards.

Not everything fixed

Although your APR will remain fixe

dd to the challenges in developing combination products:

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

d for the next few years, it is important to remember the other charges involved in credit card billing. The lender might not be able

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

to change the APR, but they can always change the late payment fees or balance transfer charges. If interest rates rise you might fi

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

nd that your charges rise too, leaving you with a card that isn't beneficial.

Variable rate cards

The alternative to fixed rate cre

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

dit cards are variable rate cards. These cards have an APR that can change, usually in line with the base interest rate changes. Alth

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

Professional from academic institutions, pharmaceutical industries, health care indust

ough a card issuer is much less likely to reduce your interest if rates fall, they do have to remain competitive and so this could ha

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

ppen. However, more likely is that your rates will rise year on year.

Is a fixed card the answer?

Although fixed cards have the ben

.

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

efit of keeping your repayments at the same rate over the years, they do have higher interest and unless you really want to keep the

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

Companies that provide selfless information through particip

interest fixed for budgetary reasons, you would be better to stick with a lower APR card and switch cards if the rate rises too much.

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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