Advice You - Finance

Overspending

Most people do not have a well thought out budget plan to dictate the amount of money to spe

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

nd on food, transport, entertainment, luxuries etc.

Hence, they also do not plan how much to save & invest.

Essenti

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

Examples of combination products may in

ally, they spend more than they earn.Excessive use of credit cards

As a result of overspending,

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

they often use credit cards to pay for their spending habits.

To sustain their use of the credit cards, they pay only the m

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

inimum sum every month to get by.

The remaining debt that is not being paid grow exponentially simply through additional de

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

Combination pro

ts incurred by the credit card holder & compound interest.Taking a bank mortgage loan that they cannot afford to

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

pay

It is true that most of us cannot to pay for a house upfront & have to get a mortgage from a bank, however,
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
i>
There are cases whereby people take up a huge bank loan to purchase condominiums & terrace houses when their income range is

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

just 1 to 2 k.

Their bank loan usually involves a high interest rates & long repayment period.

The longer the repay

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

ment period, the more interest you pay.Buying a car

Your car is not your asset if you get a car

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

oan to pay for it.

It is considered a liability because the car loan drains away money from you every month on top of gas,

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

Following aspects would a

road tax & car park charges.

In fact, the bank owes your car, not you.

It is a negative cash generating asset.

dd to the challenges in developing combination products:

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

Gambling in the stock market

Most people buy shares of a company based on its price alone.
Th

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

ey are essentially chasing after the stock price or timing the market, hoping that the price of the shares they brought will go up

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

& they will make a quick kill.

They buy based on hot tips, friend or broker’s recommendations or adopting a ‘herd mentality

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

’ instead of fundamentally studying the business which the shares represent to evaluate whether the company is a good investment.

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

Professional from academic institutions, pharmaceutical industries, health care indust

Buying derivatives like warrants, options & futures that is highly unpredictable & use excessive leverage without having a go

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

od understanding of how it works & the associated risksBorrowing money from loan sharks

This is

.

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

worse than borrowing money from the bank

Loan sharks provide an extra service of physically abusing you if you cannot meet

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

Companies that provide selfless information through particip

your debt obligations

This will lead to an extra hospitalization & medical costs.

Yours Sincerely Chen Mingzh

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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