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For most people, there is a direct correlation between how worried they are about retirement income, and how

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

much they can actually do about it. This is because the more worried you are, the closer you probably are t

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

Examples of combination products may in

retirement, and the less time you have to do anything – like save up. Effective ‘saving up’ requires time.

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

ime so your money can grow. Save an extra $200 a month, three years before retirement (at age 62), and you’l

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

l amass a grand total of $7,887 (averaging 6% growth). Not likely to have a big impact on your retirement li

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

Combination pro

estyle.

But what if you invested for retirement when you were NOT worried about it? What if you, say, quit

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

moking a pack a day at age 45 and took the money and invested that instead? (For the purposes of this illust

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

ration, let’s assume a pack costs $7.00 and you smoke a pack a day so you invest, for easy figure’s sake, $2

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

0 per month. Again, average compound rate of return is 6%.)

Instead of starting to save when you start worr

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

ing about retirement (at age 62), and amassing that grand total of $7,887 by age 65, you start saving when y

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

u’re NOT worried about retirement (at age 45 – by quitting smoking and saving that money) so you end up with

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

Following aspects would a

, wait for it, --- $91,129 !

What will $91,129 do for you at age 65? It would provide you with $456 in addi

dd to the challenges in developing combination products:

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

ional monthly income for the rest of your life (continuing to average 6% growth), and you won’t have to touc

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

your capital. Or, perhaps, you could choose to retire earlier!

Don’t start to worry, at age 62, and save a

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

paltry $7,887 by 65. Instead, start saving $200 more a month at age 45, when you’re not worried, and have $

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

9,892 by age 62! Then you could retire completely at age 62, by using both the principle and interest as inc

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

Professional from academic institutions, pharmaceutical industries, health care indust

me from 62 to 65. $69,892 would provide you with $2,100 in income for three years! Thus, quit smoking and qu

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

it working 3 years earlier!

Of course, most of us ‘act’ when we have the ‘urge’ to act. (Note how the words

.

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

‘urge’ and ‘urgent’ have the same root.). You will tend to act on your retirement plan when it is most urgen

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

Companies that provide selfless information through particip

. But long term goals are, by their very nature, NEVER URGENT! Now, perhaps THAT is something to worry about

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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In recent years, the role of HR has evolved into more of a facilitator. They are responsible for recruiting applicants but the actual hiring decisions are now made by the manager to whom the applicant will report. In other words, the Hiring Manager

The FTC, Federal Trade Commission, is considering modifying the franchise rule. So far it has be a ten-year process; just imagine working that slow in your business? In 1995, 1997 and 1999 when the comments were first considered and taken in, which spans a ten-year period.

If you are juggling multiple credit cards and possibly other debts as well, anything that lowers your income, such as losing your job or making less in commissions, will affect your ability to make your payments. The short term solution may be to increase your disposable income by reducing your expenses. An effective and financially beneficial way to reduce your debt repayments is to consolidate them into one personal debt consolidation loan. To learn more, click on this article.

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