Advice You - Finance

Like most people I am not an economist, just a perplexed Canadian citizen, trying to make

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

sense of what is meant when people refer to our economy as booming. I look around and se

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

Examples of combination products may in

the price of housing going through the roof, energy costs sky rocketing, and taxation ha

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

totally gone wild.

Did I miss the memo on how to get rich quick in Canada?

I am notici

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

g families with two kids who have “normal” type jobs building homes, buying cars, taking

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

Combination pro

acations, and living a great lifestyle. How do two people with two kids, living on a comb

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

ned joint gross income of $100,000 afford all these big ticket items?

Even if they did g

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

t help from family along the way, how can they even afford a mortgage, property taxes, ut

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

lities, and still buy a decent grocery order every week. Most of the citizens I meet have

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

trouble just getting a full time job, and have to continually deal with company closures,

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

layoffs, and down sizing.

According to the powers at be we are living in a prosperous ti

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

Following aspects would a

es, with a booming economy. It sure seems that way if we consider all the new constructio

dd to the challenges in developing combination products:

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

or the actual amount of people in the parking lots in our box store world.

Here’s my ve

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

sion of a booming economy

People are working at jobs were they are making a great living

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

can save up to buy a car cash, put money away for their retirement, buy a house with a s

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

zeable deposit, put their kids through university, and have some spare cash to throw arou

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

Professional from academic institutions, pharmaceutical industries, health care indust

d for entertainment or hobbies.

Conclusion

My feeling is we are living in false economy

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

not a booming one. At some point the walls are going to come tumbling down, people will

.

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

un out of credit, or their monthly nut will just get to high to deal with. So if you live

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

Companies that provide selfless information through particip

with the belief that nobody can take away what you had, then enjoy these prosperous times

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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Advice You - What Constitutes a Booming Economy for the Average Citizen?

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