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Do you get money migraines, you should! Yes, if you want to get ahead in this country you will need to get the occasional money mig

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

raine. There are two kinds of migraines one requires strong painkillers for that pounding head. This kind of migraine may have many

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

Examples of combination products may in

causes, some are stress, injury or illness. That is not what I am talking about, I am talking about the other kind the ones from 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.

hinking about money matters.

You see most people just never think about money, because when they do they get a headache and soon i

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

is a migraine. Why is that? I think, from my personal and professional experience, it has to do with how we are taught about money

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

Combination pro

. You got the parenting lessons about those “filthy rich folks” and “money is the root of all evil” speeches every Sunday.

This ki

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

nd of early childhood development seems to make the average person avoid thinking about money matters. Now as the average person is

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

broke I decided to try something different and think about money. How to save it, invest it and retire young. I got a headache jus

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

like always but I kept at it and my headache progressed into a migraine. I still kept at it until I thought I would die and an int

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

eresting thing happened. It suddenly went away.

When it left what I found was I had a new understanding about money and it no long

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

er seemed so difficult to save and invest. I continue to think about ways to save and invest money and it continues to be a very re

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

Following aspects would a

warding experience. I still can get the occasional headache from this kind of thinking. But as I have seen the success this kind of

dd to the challenges in developing combination products:

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

headache brings I no longer worry about it.

There are hundreds of resources available to people, some for free and others are expe

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

nsive, on how to save, invest and retire rich. No matter how you do it, it will require some thinking, so get to it. Thinking about

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

how to become debt free and eventually wealthy does not pay you anything in the beginning but eventually it pays very well.

If yo

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

u are not used to this kind of thinking start small. Think about money matters for five minutes, three times per week and work your

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

Professional from academic institutions, pharmaceutical industries, health care indust

way up. Many people will think that is not enough time, but when you think that this moment they are spending zero time doing it, t

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

his is a big enough step. Fifteen minutes a week is a lot and as you get used to thinking about money matters it will get easier a

.

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

nd you will find yourself all during the day seeing new ways to save and invest money.

Start today, sit down and think about ways

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

Companies that provide selfless information through particip

to cut spending, save money, invest for your future. You will be very glad you did. Well, probably after the headaches stop that is

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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