Advice You - Finance

Let's begin your life after bankruptcy…now!

Ok, so you just received your discharge papers from the bankruptcy court. Now what? Are you going to go into the corner and hi

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

de? Or are you going to see this situation as the most liberating opportunity you have had in years. I suggest the latter…and for one reason…I have seen literally thousand

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

Examples of combination products may in

s of people begin their life after bankruptcy with greater opportunities than ever before. Let me explain.

Beginning your life after bankruptcy can sometimes seem a little

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

daunting, but I am here to tell you that you are immediately going to recognize that you are in a much better situation then you might imagine.

First, you are not likely to

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

fall into many of the same traps that you fell into before…this I am sure of, as we have interviewed literally tens of thousands of individuals that have gone through a rec

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

Combination pro

ent bankruptcy. The reaction we hear most from individuals that have recently discharged and bankruptcy…and are about to begin their life after bankruptcy…is, “I have learn

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

d so much through this process…I can't imagine ever going through that again.”

I mean seriously, the education alone of going through that situation is enough to keep all 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

f us on the “straight and narrow” in building our life after bankruptcy as stable as possible.

Next, you have most likely learned quite a bit about sacrifice and “how to tr

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

im the fat.” Often times we find ourselves adding an expense here and an expense there and before we know it, we are in a bit over our heads. Then, to compound matters, we

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

begin to rob Peter to pay Paul, driving us now into debt that we can not get out of without some miracle from above.

In speaking to those that are building their life after

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

bankruptcy, one of the most common things I hear is “I will NEVER buy another subscription, apply for another department store credit card, or cave in to the temptation of

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

Following aspects would a

a pay day loan in order to get something I want now.” People have learned sacrifice and patience in a world of immediate gratification…and this is worth its weight in gold.

dd to the challenges in developing combination products:

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

Finally, for those that are rebuilding life after bankruptcy that came down that result of unforeseen circumstances, such as medical bills, an accident, unemployment, etc,

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

this is a group of people that has also learned more than they could ever imagine. In our discussions over the years with this group, one thing is clear, these people will

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

never fall prey to these circumstances ever again. Why do I say that…well…this is what I hear.

“I put myself into a situation where I was uninsured, and now that I have be

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

n through a bankruptcy because of this situation, I will never be uninsured again.” And, “I went through a period of unemployment, now I have gone back to school to become m

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

Professional from academic institutions, pharmaceutical industries, health care indust

ore marketable and now have a job paying $4 more per hour. Life has become so much more enjoyable.” Or, “I was injured on the job last year, and with the small amount of mo

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

ney you receive from Workers Compensation, I just wasn't able to make ends meet. I now have cut 100% of all “stupid” expenses and have begun a serious savings account. I n

.

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

w have 3 months of my monthly expenses safely tucked away…I will never let this happen to me again.”

You know, many times when I am talking to people they actually say that

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

Companies that provide selfless information through particip

going through bankruptcy was the best thing that ever happened to them. I believe it…really I do.

Begin your life after bankruptcy today, with a totally new lease on life

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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