Advice You - Finance

Government grants are funds provided by the government to help its citizens financial

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

ly. There are many types of government grants such as financial aids that help deserv

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

Examples of combination products may in

ing students get a college education. Another type of government grant is the one tha

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

t is given for scientific research. Some scientific researches are funded by the gove

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

nment as long as the outcome of the research will be to the country.

Q. How do I get

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

Combination pro

one?

Getting a government grant is quite easy. Simply ask the right government agen

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

cy about the plan you wish to take. After this, they will send you a brief overview o

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

the program. This will include the requirements and the paperwork that you need to g

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

et your grant.

Q. What are the kinds of government grants?

The federal government o

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

ffers a number of grants that can help their citizens with their financial needs. The

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

e include:

? child care

? equipment financing

? employee training

? scholarships

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

Following aspects would a

for all educational levels

? mental disorders

? for the disabled

? housing assista

dd to the challenges in developing combination products:

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

nce

Q. Is there a limit to the programs that I can enroll in?

No, you are free to e

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

nroll yourself in as many programs at any time as you wish.

Q. Is the government the

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

only place I should contact to get my grant?

No. Fortunately there are dozens of non

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

-profit organizations that can help you with the paperwork and the requirements neede

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

Professional from academic institutions, pharmaceutical industries, health care indust

d to get your government grant. You can easily find these organizations in the Intern

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

t. Simply fill out the forms found on their websites, and after that they will give y

.

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

ou an idea of what your chosen program is all about. If you are really interested in

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

Companies that provide selfless information through particip

the program, you can now go to the specific government agency and apply for the grant

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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