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I enjoy doing my taxes, no really, I do. O.K., I will admit, it was not always that way. But it is now

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

! What changed, Tax Software. TaxCut, Turbo Tax, Tax Brain or Tax Act, it really does not matter whic

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

Examples of combination products may in

program you use, they all make doing taxes a breeze. I remember 10 or so years ago dreading tax seaso

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

n. Now, mind you, I do not have a very complicated tax situation, but the absolute pain in the rump to

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

o even my simple taxes was ridiculous. W2's, 1099's, 8283's, 4952's, schedule A, schedule B, Schedule D

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

Combination pro

1040 this 1040 that, staple here, staple there, papers everywhere. Oh, and where am I supposed to mail

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

this again? State Taxes? I have to do those now too? There must be a better way.

Now, I now what you

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

ay be thinking, hire an accountant. Nope, not me, I am way to cheap, or is that frugal. I would rather

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

spend the 200 to 400 dollars on something just a little more enjoyable.

Tax Software, I believe, is

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

he better way. You can either go online to one of the sites listed above and start within minutes or 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 can go to your local office supply or discount store and pick up the software there. Listed below are

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

Following aspects would a

some of the reasons I believe that the software is much better than the old fashioned paper way. Price

dd to the challenges in developing combination products:

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

start anywhere from $9.99 and up, depending on your tax status.

1) No mailing: You can e-file and you

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

will get your refund a lot faster.

2) No errors: Automatic error check.

3) Importing: you can bring

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

n information from your employer, bank or ira. no mistakes putting them in yourself.

4) State taxes: Y

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 can bring in all info from federal tax and import into state program. No duplicate entries.

5) Runni

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

Professional from academic institutions, pharmaceutical industries, health care indust

ng total: Always a running total on screen of your refund amount.

6) Help desk: You probably won't nee

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

it, all programs walk you thru step by step.

7) Next year: You can import all of this years info into

.

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

next years program, saves lots of time

8) Easy, secure and fast.

All of the above points are availab

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

Companies that provide selfless information through particip

e in most of the different software programs, some are stronger in some areas than others. Happy Filing

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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