Advice You - Finance

It is common these days for credit cards to introduce all kinds of perks, benefits and rewards with the sole

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

aim of attracting consumers. Not surprisingly, there are also cards which provide rebates for gasoline purcha

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

Examples of combination products may in

ses. However, most of these cards are limited to one brand or one region. Chase Manhattan has addressed this

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

issue with the Chase PerfectCard Platinum MasterCard.

Unlike other cards, the Chase PerfectCard can be used

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

or gasoline purchases anywhere and rewards cardholders a 3% rebate for it. For the first 90 days, cardholders

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

Combination pro

can also expect to earn a 6% rebate on gasoline. All other purchases are eligible for a 1% rebate.

The card

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

does have its limits though as the amount of rebates that can be earned on gas purchases are capped at $15 a

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

month. Nevertheless, there is no limit to the amount of rebates that can be earned on other purchases. Furthe

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

rmore, the rebates are credited directly to the balance on the card without the need for the cardholder to ad

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

vise the credit card company. What’s more, all of these services comes with no annual fee.

For those who qua

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

ify, the Chase PerfectCard has a reasonable interest rate charge for credit card charges and balance transfer

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

Following aspects would a

s. In addition, during the twelve-month long introductory period, no interest rates are charged on all outsta

dd to the challenges in developing combination products:

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

nding balances. However, once the intro period is over cardholders are not recommended to carry a balance ove

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

r to the following month as the finance charges will be calculated with the more expensive “Two Cycles Averag

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

Daily Balance” method.

Additionally, benefits which are typically present for many other cards are also pre

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

sent for the Chase PerfectCard. Cardholders can expect to receive benefits such as purchase protection, trave

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

Professional from academic institutions, pharmaceutical industries, health care indust

l accident insurance of up to $500,000, auto rental insurance and various emergency or assistance services.

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

s a gas card, the Chase PerfectCard lives up to its name. While the $15 a month cap on gas rebates may not be

.

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

too attractive, the limitless 1% rebate on general purchases with the hassle-free method claiming the benefi

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

Companies that provide selfless information through particip

t makes the card truly outstanding. Of course, this is as long as you pay off your balance in full each month

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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This article will give you tips on using announcements for increasing your business. You do not need to be a large corporation in order to make an announcement, you need to have something that is newsworthy.

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