Advice You - Finance

If you are reading this article then you have already made a step in the right direction. Admitting y

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

ou need help takes a lot and having financial problems can create a strain on you and your relationsh

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

Examples of combination products may in

ips. Credit counseling can help get you out of debt and back on track. Many people struggle to find t

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

he right credit counseling service.

Profit versus Non-Profit

When looking for a credit couns

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

eling service, a person needs to find a non profit service. These organizations are in the business t

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

Combination pro

help people, not to profit off of their misfortunes. They don’t normally have fees and if they do, t

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

hey are small, and there is more one on one attention.

Getting the Credit

If a service is re

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

putable it will be a member of the Association of Independent Consumer Credit Counseling Agencies (AI

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

CCCA), and the National Foundation for Credit Counseling (NFCC). In order to be in these two groups s

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

ervices must have there ISO 9001 certification or Council on Accreditation. These are accreditations

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

hat mean that they are complying with all rules of their industry. If a service does not have these o

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

Following aspects would a

r is not a member of these groups, they are probably not the right service for you.

Counselors
dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod
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The counselors at these services should be certified by groups such as the Associations for Financ
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ial Counseling and Planning Education. It is also important that your counselor did not receive a bon
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
us for signing you up for the service. If you wanted a salesperson you would go to a car dealership!
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
Cost

Most services do not charge, but for those that do, never pay more than fifty dollars fo
ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust
r their service. Also make sure that your first month’s payment actually goes towards your bills and
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
not the service. This has been the problem with some companies in the past.

Debt Free…when?

.

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
Finally, a good credit service will have you debt free in five years (in most circumstances). Make su
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip
re you are aware of how they plan on doing that, and request monthly statements showing your progress

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 - Choosing The Right Credit Counseling Service

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