Advice You - Finance

There really are an amazing variety of credit cards available to today’s consumers; the number of options is simply staggering. Virtually every company around t

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

hese days has some form of affiliated credit card option available to its customers. While most of these cards are affiliated to one of the major credit card br

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

Examples of combination products may in

nds, such as Visa, Mastercard, or American Express, they still represent a major source of options from which to choose from. That is why it is important the go

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

back to basics, and remember what are the fundamental reasons you opt for a credit card in the first place.

Below are some of the reasons we look for credit ca

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

ds and some of the features we should be able to find in them, if they really are as good an offer as they claim to be.

-Is the credit card offered by a compan

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

Combination pro

y you know and trust?

-What is the annual percentage rate (APR) for the card?

-Is this a temporary, introductory or permanent rate?

-What is the credit limit

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

they have offered you?

-How often are you billed?

-How are repayments calculated and is the outstanding balance free of interest if you pay off the full amoun

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

each month?

-Are there other charges or fees associated with the card?

These are all important questions you should be asking yourself before sending that ap

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

lication form back to the company. However, while these may seem like straightforward questions with simple answers, they may not be as clear cut as they seem.

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

For example, your bank will usually be a company that you are familiar with and know you can trust. However, this does not automatically mean you should accept

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

a credit card from them. This is not because the terms will be unfavourable compared to other lenders but rather because you should be thinking of the consequen

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

Following aspects would a

es if you prove unable to repay your credit card bills. While it is no doubt a serious matter to fall behind in credit card payments, for most people, this will

dd to the challenges in developing combination products:

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

be even more serious if this is also their bank that controls their mortgage and other finances.

Also, while the APR will be calculated in a standard way for a

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

ll lenders, this is not the only aspect of the price of the card that you should be looking at. While the APR may seem attractive, it will be less so if the com

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

any levy hefty charges for late payment or reserve to right to alter your interest rate in the future.

Also, if your choice of credit card is based on the rewa

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

ds that are being offered by that particular card, you should take into consideration any of the small print associated with the awarding of these rewards. For

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

Professional from academic institutions, pharmaceutical industries, health care indust

xample, did you know that if you go above your credit limit with certain credit cards you forfeit all rewards that would have been awarded on your spending in t

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

hat month? Also, the same may apply if you fail to make at least the minimum payment in any given month, the credit card company may withdraw your rewards for t

.

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

is too.

In short, while getting your hands on a credit card may be easier today than it has been in the past, and there are a host of companies out there willi

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

Companies that provide selfless information through particip

g to lend to you, you should remember that credit card agreements are complex contracts and you should think about all the aspects of it before you get involved

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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Most of the time project management is the concept that is majorly used to efficiently use and manage the resources the way they are supposed to be handled. Projects are generally the starting point of a future product or service which builds up with time as the project projections and outcomes comes out positive as expected.

Explains why traditional sales management philosophies and tools such as funnels, forecasts, and activity reports are counter-productive to salespeople's motivation and production levels.

I believe you too will want collaboration in your corporate culture. Will strategic alliances help you increase your productivity? I believe they will. First, this philosophy must be developed in the executive suite and carefully delivered throught the organization in a method that will allow middle management and line workers to see the benefits they will receive. Otherwise, sabotage will your organizational norm.

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