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Have you heard that sentence before (I was rich yesterday)? Lots of people have experienced this, even a millionaire. Believe me. They maybe received their paycheck yeste

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

rday, or won a lottery ticket, or got a big profit from the shares trading, but they have lost their money today. Why?

This is the secret. Maybe many people know

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

Examples of combination products may in

his secret but only some of them really practice it. And the result is? They never short of money and live rich like a millionaire although they are not one of the

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

millionaires yet. So, what is the secret?

Control your expenses, or budgeting, or financial planning, anything that you wan to call it. It is so simple. The only

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

hing that you have to do is control your money flow or cash flow. Then the question rises, how?

There are many ways that you can do in order to save your money. H

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

Combination pro

re are some points that may save your cash from running out of your pocket fast:

1. Never spend recklessly. Before you go out for shopping, anything from grocerie

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 to vehicles, list down all of the stuff that you want to buy and the quantity. The list may look something like this:-

Bread

Rice

Chicken (4kg)

1 Lettuce

2 Potato

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

hips

This will prevent you from excess expenditure and of course, save your money. And remember, unless bring the list along when you go for shopping; the list is nothin

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

but a garbage!

2. Do not buy unnecessary things. Have you ever go out for shopping and end up buying all those discounted or promotion stuff? Then, you were brok

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

, right? That is an example of buying unnecessary things. You will lose your money now and then. Why I said that? The answer is in the next point.

3. Prevent continuo

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

s out flow of money. Why it is continuous? This is because when you buy useless or not so useful things, you have to do the maintenance right? For example, if you hav

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

Following aspects would a

e 2 Mercedes Benz, 1 BMW, 1 Cadillac, 1 Jet boat and 1 Kawasaki Vulcan, imagine how much do you need to spend only to do the maintenance for this things, which is unneces

dd to the challenges in developing combination products:

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

ary for me. In my personal opinion, it is just nice to have only one car that works and has low maintenance cost. And if you really want to cut off your continuous lost,

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

ust get rid of those ‘rubbish’ things!

4. Spread the costs. Before, I used to live alone and have to pay all of costs of living by myself. Imagine how much my mon

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

y flow out at that time. It’s really painful. Now I live with 3 other friends and we share almost all of our expenses. This has lifted some of my financial problem away f

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

om me. For example, now I can rent the same apartment for a cheaper price as the cost is divided by 4.

5. Have a doctor buried your credit card in your body. I’m

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

Professional from academic institutions, pharmaceutical industries, health care indust

not saying you have to really do that. Of course you can, but do not ever mention my name =). What I want to say is try not to do your spending with a credit card. You ma

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

happy now, but you will SUFFER tomorrow. Consider buying only things that are really necessary with credit card. For example, purchase a book from Amazon.com. Book is co

.

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

sidered as a good investment as people always learn to live better, don’t they?

If you can practice all of these points above, I am sure that you will not end up saying

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

Companies that provide selfless information through particip

I was rich yesterday’. But you will say ‘I was rich yesterday and still rich today’. Unbelievable? Believe it!

Cheers

one more step to become the next millionair

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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Whether you joined your company for the additional income, the fun and products, or the tax benefits, taking the following steps will enable you to get control of your business finances for higher profits and greater peace of mind.

Don't give up your dreams to invest in real estate or start your own business just because you don't have good credit. There are ways to get the loan you need to get started, even if you currently have bad credit.

So here’s the situation: you are buying a car but you don’t know what type of auto loan offers you should go for. What should you go for?

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