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There are two things you can do today that will have a dramatic effect on your credit scores in the days to come, do you know what they are?

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

Paying your debts on time (effects 35% of your score) and reducing how much you owe (effects 30% of your score).

Here is how your score 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

computed:

I. Payment History (35% of your score)
- The number of accounts paid on time effect your credit score.
- The number of n

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

gative public records and/or collections reported effect your credit score.
- The number of delinquent accounts affect your credit score

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

.
- How long you have been past due affects your credit score.
- How long it has been since you have made a late payment.

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

Combination pro

ong>MORAL: Pay your bills on time

II. Amounts Owed (30% of your score)
- How much you owe on each open account effect

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

s your credit score.
- What types of accounts you have with balances effects your credit score.
- How much of your available credit

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

you have used affects your credit score (revolving credit).
- How much you owe versus the original balance effects your credit score (i

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

stallment debt).
- The number of zero balance accounts you have affect your credit scores.

MORAL: Try to keep all

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

outstanding credit debt between 30-35% of available credit to maximize your credit scores.

III. Length of History

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

(15% of your score)
- The length of time your credit accounts have been reported to your credit report effects your credit scores.

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

Following aspects would a

- The length of time your credit accounts were opened effects your credit scores.
- The time between activities affects your credit scor

dd to the challenges in developing combination products:

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

es.

MORAL: The longer the history (good or bad), the better or worse your scores will be.

IV

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

New Credit (10% of your score)
- The number of new credit accounts you open affects your credit scores.
- The ratio of new credit

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

accounts to existing accounts affects your credit scores.
- The number of credit inquiries you have had affects your credit scores.

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

- The time elapsed since your last inquiry or the opening of a new credit account affects your credit scores.
- The length of time of yo

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

Professional from academic institutions, pharmaceutical industries, health care indust

ur on time payments since your last late payment effects your credit scores.

MORAL: Don't open up too many new credit a

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

ccounts at once.

V. Types of Credit in Use (10% of your score)
- The total number of credit accounts you have affects your cre

.

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

it scores.
- The types of credit accounts (installment, revolving) you have effects your credit scores.

MORAL: A g

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

Companies that provide selfless information through particip

ood mixture of credit accounts (mortgage, installment and revolving) will lead to higher scores. Want to learn more

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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Just Other Articles - Learn The Two Things You Can Do To Increase Your Credit Scores By 65% in The Next 60-90 Days

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