Encyclopaedia - Finance

I don't want to be rich.
I'm not interested in money.
It's not my department, my wife's in charge of managing the finances. I just bring home the dough.
It's not my department. My husband's in charge of the money matters cos he earns the money. I like my job.
I have to keep working because I'm a

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

fraid I won't have enough money.
I'm too busy working and running a household to have time to bother with money matters.
These courses on how to make money are just scams.
The courses are too expensive.
Money doesn't buy you happiness.
Money doesn't buy you friends.
Money doesn't buy yo

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

Examples of combination products may in

health.

This are just a few samples of some of the comments I've received since starting my blog. And it's a free blog ! I've put up information I've learned from reading books, and attending courses. I've even summarized them for busy people. And I have no plans to charge anyone (except maybe if anyone clicks

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

on a google ad, or buys one of the advertised products, I can earn a little bit) because I really do want to share what I've learned. So that started me thinking. I always thought people want to be rich. After all, there's this little saying " I've been poor, and I've been rich. I'd rather be rich." And people are a

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

ways complaining about how there's never enough money to do everything or buy everything they want. There are plenty of get-rich-quick books around. And the internet's full of get-rich-quick ideas. So why all the responses that came back to me ?

Let's tackle the last few reasons first. I've heard that often enough.

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

Combination pro

Especially when I try to start a discussion about money. It's true. Money can't buy happiness. And having a lot of money certainly doesn't guarantee it. But I wouldn't say the lack of money has made everyone a whole lot happier! There probably is some relation between money and happiness, but it isn't direct. Michae

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

Masterson put it very nicely in his book Automatic Wealth. He pointed out that people spend a lot of time thinking about how to become rich, or how nice it would be to be rich. But they don't do anything about it. And people also spend a lot of time doing things to make themselves happy. They buy nice cars and hous

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

s, and go on holidays, spend time at the movies, hang out at shopping malls, eat out with friends... But they aren't happy. In fact, they're kind of broke. And the money issue raises its ugly head again. His point was: it's not what you think that makes you rich. It's what you do. And it's not what you do that makes

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

you happy. It's how you think!

What about money and friends or money and health? I've heard feel-good stories about how people find their true friends only when they become poor. Does that make being poor better? The true friends would still be there even if you were rich! You just have to learn to tell you true fr

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

ends from those who hang out with you for your money. But these same people who claim that money can't buy friendship and hence choose not to be rich spend their time busy working for more pay or a promotion, leaving them with precious little time to spend with their friends and families. The argument holds true fo

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

health as well. Sure, it can't buy you health once you've lost it. But it can buy you better health care, medicines for treatment , if necessary. And what money can buy you is TIME. We all have 24 hours a day, rich or poor. Do we want to spend it slogging away at jobs we don't really like, stealing time away from o

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

Following aspects would a

ur loved ones, time away from exercising and resting, the very things that will preserve our health ?

Robert Kiyosaki, author of Rich Dad Poor Dad, advocates financial education. I'm just wondering whether maybe many of us just don't want to take the slow and slightly more difficult path of learning . It would be m

dd to the challenges in developing combination products:

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

ch nicer to win a lottery, or receive an unexpected inheritance. But the sad truth is, if you don't know how to handle the money, it will soon be gone anyway.

So what are some of the obstacles ?

1. Fear.
We all fear losing money. I do. This fear makes it much easier to put the money in a bank, or a fixed depos

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

t, where the capital is 100% protected. But we face the risk that our money will be eroded by inflation. This method works if you have a long time to retirement - say 20-30 years. But by the time most of us think about retirement, we don't have 20 or 30 years more, and that's the time the expenses are building up as

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

the children start to go to college. The difference is what we do with that fear. Do we bury it and hope the problem will go away ? Or do we face it and learn to handle it ? Are we willing to learn from our mistakes ? Or too fearful to make a mistake, and so we never start at all ?

2. Cynicism.
The idea that th

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

stock market will crash as soon as I buy a stock or that housing prices will go south once I've bought a property. The assumption that all "seminars" on making money are scams, just there to put money into the organizers pockets. Sometimes, we actually see a good deal, but the more we think about it, the more we do

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

Professional from academic institutions, pharmaceutical industries, health care indust

bt its such a good deal. Why didn't someone else see it ? What if I fail ? And then we are paralyzed. There's a joke about 2 efficient market theorists who came across a $100 on the ground. They walked on, reasoning that if it was real, someone would have picked it up by now.

3. Laziness.
Robert Kiyosaki calls,

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

perhaps somewhat harshly, busy people lazy people. He points out, today, people are too busy to take care of their wealth. And their health. Why work so hard for your money, only to hand it over to a complete stranger, who charges you to manage it, and is not accountable at all if he loses it ? Robert Kiyosaki feel

.

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

staying busy is a way of avoiding something else. Maybe. I know some of us are genuinely busy. Kids, jobs. But if something is truely important to us, we will make time for it.

4. Habits.
Say you want a really good body, like Arnold Schwarzeneggar. He probably has to work out everyday in the gym to get that. A

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

Companies that provide selfless information through particip

e you prepared to get off the couch, stop eating the potato chips and get to the gym ?

5. Arrogance.
Robert Kiyosaki says that's ego plus ignorance. He says people use arrogance to hide their own ignorance. I'm not sure if that's what the readers of my blog are doing, but in general, I think he may have a point

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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Endorsement marketing is having famous or reputable people recommend your product or service to others. They could be celebrities, star athletes, musicians, etc. Choose people that are related to your business and might actually use your product or service.

We've all heard that the key to success in business is to focus totally on your customers. In this article, Michael Clark takes the opposite approach and tells readers why they must focus on themselves first if they are to have ultimate success.

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