Advice You - Finance

If you are tempted by an offer of a loan that seems ‘too good to be true, then it probably is. Although there are many excellent loan rates 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

offers out there, it pays to be cautious about introductory loan offers. Being cautious will help you to avoid being conned and ending up payi

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

Examples of combination products may in

ng more than you should. If you want to know how to separate the good offers from the bad, then here is some advice for you.

Advance fees for

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

a low rate

Once trick you should avoid is the companies who ask for an advance loan fee which will be returned to you after a period of time,

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

and in exchange you will get a really low interest rate. These companies are usually bogus, and you will probably never hear from them again, h

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

Combination pro

ving lost your advance fee and received no other funds. Always make sure the companies you apply for loans from are reputable companies with an

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

excellent history.

Low rates but high fees

Although some low rates really are low, they come with other hidden charges and fees that will co

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

st you large sums of money. You might have to pay large processing fees, or the fees for late payment and early repayment might be extremely hi

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

gh. Before taking advantage of the low loan rate, make sure that the other charges are not going to cost you huge amounts of money.

APR advert

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

ising not always true

Although you might see a great offer for a loan, the APR that they advertise might not be the one you can actually get.

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

his APR is probably true, but is only given to people with perfect credit records over a certain period of time. In general, the APR you can ge

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

Following aspects would a

t will be higher than this, meaning the loan will not be as great an offer as you think.

Pre-approval letters

Another danger when looking at

dd to the challenges in developing combination products:

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

introductory loan offers is pre-approval letters. Although less common than credit card letters, getting letters through the post guaranteeing

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

a great loan are getting more common. All you have to do is fill in the form and you will have the loan. However, the lenders might employ the

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

‘bait and switch’ technique. This means that the amount you are ‘pre-approved’ to borrow at the great interest rate will be replaced with a low

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

r amount at a much higher rate. You have already signed the agreement and might be stuck with the loan. Make sure that with any loan you apply

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

Professional from academic institutions, pharmaceutical industries, health care indust

for that you are really getting what you want.

Good offers are out there

Despite the dangers, there are plenty of great offers available. Len

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

ders are more eager to lend you money than ever, and are consistently reducing their interest rates in order to entice customers. The only dang

.

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

er with this is that you will borrow more than you can really afford to repay, which will leave you in serious financial difficulty. However, a

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

Companies that provide selfless information through particip

s long as you shop around for a reputable loan deal and borrow only what you can afford, you will avoid the dangers of introductory loan offers

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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