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Before rushing to a lawyer to assist you in filing for bankruptcy, you have to make sure what is bankruptcy and what is not. Only then will you have to find a bankru

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

ptcy lawyer that you can work with in filing your case. Many people rush to file for bankruptcy thinking that it will solve their financial problems. The opposite is

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

Examples of combination products may in

often true.

Declaring your business to be legally bankrupt, only means that you have done everything you could and there is no way for recovery. It means being deep

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

in debt that it will already be impossible for you to sustain the business.

There are kinds and variations to bankruptcy and the legal process will depend very much

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

on where you are coming from but the purpose is the same. Bankruptcy cases will take years to resolve. The court will determine what debts do not have to be repaid a

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

Combination pro

d what will be directly deducted from your income.

In the interim, credit lines will be closed to you. Your credit history will be tainted and no credit institution

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

will want to do business with you. Back taxes that you owe will still have to be paid and obligations will still be enforced like alimony and child support.

When t

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

ere is no resolution that is possible, finding a good bankruptcy lawyer will then be the only recourse.

A good bankruptcy lawyer should be someone you can be comfor

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

able talking with. Someone you can trust and someone who has displayed competence in handling bankruptcy. This is very important as communication between you and the

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

lawyer must be based on trust. There have been so many instances when the client holds back on information that he thinks is not so significant only to learn later o

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

that the piece of information that was withheld posed additional complication to the case. Withholding information from your bankruptcy lawyer pose problems where n

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

Following aspects would a

on existed before. Bankruptcy lawyers can only help the client to the extent of the knowledge that the lawyer has. It is crucial then that the client works with the

dd to the challenges in developing combination products:

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

awyer. This is in the first place the client’s future that is at stake.

Do not hesitate to interview the lawyer prior to retaining him. Ask the lawyer questions and

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

a good lawyer must answer you in a language that you can understand. If you don’t, do not be afraid to clarify statements that could be ambiguous to you. Find out a

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

ankruptcy lawyer that already has an extensive experience in handling bankruptcy cases. Whenever possible find a bankruptcy lawyer who is a specialist. Avoid the gen

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

ralist, as they may not be able to help you as much.

If you feel uncomfortable talking with a particular bankruptcy lawyer, find another one. You can visit the loc

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

Professional from academic institutions, pharmaceutical industries, health care indust

al bar association to find out their recommendation.

When you visit your bankruptcy lawyer, bring a list of all the creditors that you owe, including payments to pe

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

sonal loans that you are not left behind and a list of all your assets and liabilities. The more information you provide the bankruptcy lawyer, the better and more a

.

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

curate the recommendations he will give you. Remember that lawyers can only work as good as the information that you provide.

Cooperate well in giving your lawyer t

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

Companies that provide selfless information through particip

e data regarding your case because you are in the best position to give those to him. You also will be the person that will either suffer or benefit from the outcome

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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We all know that you can't earn your commission until you make the sale. Furthermore, you can't make the sale without the order, and you can’t write the order until you have a product presentation scheduled. Finally, you can't have a presentation until you make the infamous CALL to schedule the appointment.

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