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If you take a look at just about any profession, you’ll find that people evolve through three stages: novice, competent and expert. Let’s take a look

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

at how this works in the trading profession.

A novice trader is a one trick pony. They have one trading style they cling to for dear life. When th

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

Examples of combination products may in

ey perceive that it no longer works, they’ll find a new system and believe with all their might that THIS is the way… until it too shows itself to be

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

lawed. They are also inflexible and easily become confused when the unexpected happens. And, sooner or later, the unexpected will happen. They have

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

lots of misconceptions, such as “shorting is bad.”

After the novice has been bloodied and bruised enough, he has a decision to make. Perhaps “tradi

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

Combination pro

g is not for him.” If he sticks with it long enough, he eventually develops the experience to become competent.

A competent trader has “enough trick

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

s in his bag” that he can adapt to a range of situations. However, he knows he needs to keep learning, and that there is always more to know. The ov

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

erconfidence of the novice is replaced by the experience to know that uncertainty is a permanent fixture in his relationship with his chosen market.

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

s a trader matures, it gradually dawns on him that there is no “Holy Grail” of trading. There is no perfect indicator, system or money management app

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

roach that will GUARANTEE success. Usually, about the time the thankless search for the Holy Grail ends, a trader is competent enough to find his way

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

without needing such an unrealistic psychological crutch.

A competent trader focuses on acquiring the right facts and making disciplined decisions ba

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

Following aspects would a

sed on these facts. He feels “safe” if he believes he “understands” the situation. For example, he may have a number of ways of picking stocks and a

dd to the challenges in developing combination products:

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

number of ways of playing his stock picks.

Eventually, a competent trader notices that he understands a situation even if the facts are not all in.

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

This is because he can relate it to similar situations he has experienced in the past. He is then ready to graduate to expert.

An expert trader has e

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

nough tools, stock trading software and tactics under his belt that he can confidently take advantage of a trading situation without having to rely on

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

detailed systems. In a sense, this is the opposite of the novice approach, because the expert knows what he is doing on an intuitive level. Getting t

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

Professional from academic institutions, pharmaceutical industries, health care indust

o this point takes lots of hard work, and, as the saying goes, “many are called but few are chosen.”

However, the financial rewards for being an expe

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

rt trader are greater than in most professions. Being able to pull money out of the market almost at will means you will make a very nice living. Ho

.

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

ever, there is one last hurdle to overcome. It’s a battle that will last a lifetime: always be humble. No matter how good you are, the market is wil

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

Companies that provide selfless information through particip

ling to take it all back if you ever forget that it will always be much bigger than you are.

Trade well, with earned confidence, and you will prosper

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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