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Number of Billionaire gone up from 793 to 946 in Year 2006-07

The year 2006

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

and 2007 had been the record year for wealth creation in world. The global ec

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

Examples of combination products may in

onomy has overall grown by 25 percent, which is unprecedented in human histor

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

y. Today people living on this planet are much more well off compare to any 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

ime in the history.

In this growth spree the number of billionaire on the pl

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

Combination pro

anet has grown by almost 20 percent. The number has gone up from 793 in the l

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

ast year to record 946 perilously close to 1000. Hopefully next year the list

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

will exceed the three figure mark.

Some of the prominent figures among these

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

946 Billionaires are –

Bill Gates – Still tops the fortune 400 list for 13t

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

h successive year with the total worth of $56 billion.

Warren Buffet – The p

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

erennial second has closed the gap this year with rising stock prices and rea

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

Following aspects would a

l estate boom. His net worth this year is $52 billion up from $42 last year.

dd to the challenges in developing combination products:

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

This is the closest somebody has come to Bill Gates in Last 13 years.

Carlos

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

Slim (Mexico, industrialist) – The owner of Mexican telecom giant is the fas

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

est riser in the list. He is third in the list with $49 billion. He has made

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

more than double of net worth last year. He rose from paltry $19 billion to $

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

Professional from academic institutions, pharmaceutical industries, health care indust

49 billion this year.

Richard Branson – He is probably the most popular bill

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

ionaire in the world but compare to the top three he just have $3.8 billion i

.

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

n banks.

The rich community also welcomed some of the new members to its clu

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

Companies that provide selfless information through particip

b from the countries which never featured in the list like Serbia and Romania

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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