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As we all hit the shops in the run up to Christmas then once again for the New Year sales, it is essential that you keep you eyes open and

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

hand on your money and cards. Christmas and New Year are the most prosperous time for the credit card fraudster, as they take advantage

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

Examples of combination products may in

f the goodwill on offer - don’t not make it easy for them!

It was forecast by Barclays Bank that the UK consumer withdrew some ?490 mill

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

ion out of cash machines, between 10 am and 3 pm on 23 December. Total spending including credit cards, savings etc was expected to hit

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

ome ?2.5 billion for yesterday alone - with ?1.5 billion piled onto credit cards. This extensive use of credit cads around this period of

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

Combination pro

the year has resulted in major opportunities for fraud, which the fraudsters have been taking with both hands.

It is estimated that a cre

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

dit card fraud will take place every 9 seconds in the UK, with on average ?1.2 million lost in fraudulent activity per day, on credit card

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

alone. Fraud or lost cards accounts for some ?89 million in fraudulent spending last year, and ?96.6 million was lost due to the copying

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

, or “skimming” of cards. A truly horrendous situation for the UK consumer, with many not even becoming aware of any fraud until well int

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

the New Year, when the postman brings them a surprise package.

In many instances, by the time the fraud has been realised the fraudster

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

s well gone, and while there are means of retrieving some of the fraudulent payments, the financial institutions are becoming more and mor

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

Following aspects would a

e loathe to compensate in full, especially where the card owner has maybe been a little less than careful. It is now essential that card

dd to the challenges in developing combination products:

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

wners take steps to ensure that they do not put themselves at risk. There are a number of easy steps to take:

· Never carry identificati

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

on documents and credit cards in the same bag or wallet.

· Always thoroughly check your credit card statement in full - online if possib

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

e, where you can monitor your balance prior to receiving the statement.

· Report all suspicious transactions as soon as possible.

· Neve

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

let your card out of your sight when paying for items.

· When using a cash point, ensure that there are no overlays on the card entry sl

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

Professional from academic institutions, pharmaceutical industries, health care indust

ot. Fraudusters will often place a reader over this slot, and monitor your PIN number. Report any suspicions you have to the Bank asap,

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

nd do not use the machine.

While the card thief is becoming more and more adventurous, and some of the scams are difficult to notice, it

.

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

is essential that card holders become more aware of the growing risk. While the UK has introduced a number of safety measures, including

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

Companies that provide selfless information through particip

hip and PIN, the fraudsters are also developing new methods. Keep an eye on your finances, and don’t contribute to the fraudsters pension

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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If you could only ask 3 questions to improve your business results, what would they be?

To explain what RSS is and why it has everyone so excited, let me just start out on common ground with something we already know, a traditional website. Traditionally, a website contained whatever content may have been put on it and that content may be static or may change constantly. The problem here has always been that a user had no way of knowing when or if that content had changed other than checking back periodically or being notified by someone.

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Just Other Articles - Christmas And New Year - Gifts For The Fraudsters Pension Plan

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