Advice You - Finance

You probably see a lot of credit card offers on a daily basis wh

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

ether it's on television, the internet, a magazine or in the mai

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

Examples of combination products may in

. In the advertisement, you probably see or hear APR mentioned

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

everal times in the form of Introductory APR, Standard APR, Cash

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

Advance APR, Balance Transfer APR and Default APR. The differen

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

Combination pro

e between these APRs might be confusing at first but they are pr

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

tty simple to understand.

Introductory APR refers to the initia

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

interest rate you receive for purchases on the credit card when

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

you first get it. This Introductory APR is usually really low (

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

round 0%) and lasts between 6 and 12 months.

Standard APR is th

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

interest rate the credit card goes up to after the Introductory

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

Following aspects would a

APR period is over.

Cash Advance APR is the interest rate you r

dd to the challenges in developing combination products:

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

ceive for cash advances.

Balance Transfer APR is the interest r

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

te you receive for any credit card balances you transfer over to

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

your new credit card. As a side note, if you have a high interes

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

rate credit card and the new credit card company offers the Int

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

Professional from academic institutions, pharmaceutical industries, health care indust

oductory APR for balance transfers, transfer your balance to the

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

new credit card if you can pay the balance off within the Introd

.

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

ctory APR period.

Default APR is the interest rate your card go

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

Companies that provide selfless information through particip

s up to if you are late on payments or go over your credit limit

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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As a debt solution, bankruptcy should be filed only if all other debt relief methods fail. There are two types of this solution. Filing a Chapter 7 and filing a chapter 13. One gives the creditors at least some of the money you own them.

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Advice You - Credit Cards and APRs

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