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Advice You - Develop Your Financial IQ - Part 1
Part #1 - Einstein's Definition Of Insanity
Albert Einstein once defined insanity as "doing t
Albert Einstein once defined insanity as "doing t
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
he same thing over and over again and expecting different
results".
Most if not all of us yearn for
Most if not all of us yearn 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
Examples of combination products may in
something better. It's a natural part of us.
We want a better car, a bigger house, the best things f
We want a better car, a bigger house, the best things f
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
or our loved ones.
We keep hoping for better but, in order to get what you can't afford, you have go
We keep hoping for better but, in order to get what you can't afford, you have go
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
to do something you have never done before.
Let me spell it out for you...
Repetition WILL NOT giv
Let me spell it out for you...
Repetition WILL NOT giv
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
different results. Carry on doing the same - and your lot will be the same.
As an employee, you can
As an employee, you can
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
’t carry on with the same job and hope that a your boss will suddenly begin feeling generous and give
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 a raise. These days, you will be lucky that there will be no staff cuts in your company. Changing
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
to another employer will only provide a short term solution to a dilemma that is long term.
And yes
And yes
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
- you could take on a second or third job, but how long could you sustain it before it begins to take
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
it's toll?
The brutal truth: Selling time for money isn’t wise economic sense in the long term. You
The brutal truth: Selling time for money isn’t wise economic sense in the long term. You
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
an keep on increasing the hours to try to win the rat race, but at the end of the day, you are still
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
part of it!
Increasing your wages only puts you in a higher tax bracket. Your salary increases but s
Increasing your wages only puts you in a higher tax bracket. Your salary increases but s
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
do your expenses on your house and car.
How will you better yourself when you spend all of your tim
How will you better yourself when you spend all of your tim
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
working for an employee, working to pay taxes and working for the bank to pay of your mortgage and c
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
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
ar loan? What if you are taken ill and can’t work tomorrow? Will the government, your employer or the
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
bank take care of your family?
I don't think so.
It's time to put yourself in control of your finan
I don't think so.
It's time to put yourself in control of your finan
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
es.
That's the end of part one.
In the next part, we'll be asking the question "What Is Money?"
Th
That's the end of part one.
In the next part, we'll be asking the question "What Is Money?"
Th
.
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
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
e answer might not be what you think.
See you then...
To get the rest of this course - elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
See you then...
To get the rest of this course - elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
://www.theinternetmarketingfactory.com/fiq.html" target="_blank">Click Here It's absolutely FREE
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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