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How much do you save e

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

ach month?

You may be making 401(k), 403(b), or ESPP contributions out of y

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

Examples of combination products may in

ur paycheck. But what else? Are you saving for your other goals each month?

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

r just when money is "left over?"

Are you just contributing to your IRA at

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

he end of the year (or right around tax time), and only if you "have the mon

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

Combination pro

ey?" Do you only set up a retirement plan for your self-employed business i

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

you have "extra" at the end of the year?

Savings must come off the top, fi

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

st, if you are going to save consistently for your goals. Otherwise, the mon

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

y will usually get spent - just like space always gets filled. If you have t

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 money in your checking account, you will find a "good use" for the money.

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

Most banks, credit unions, and brokerages have automatic savings or transfe

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

Following aspects would a

programs, where on a certain date each month you can have money transferred

dd to the challenges in developing combination products:

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

automatically to your savings, investment, or retirement account.

You can e

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

ven set up your brokerage to automatically take those funds and invest them

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

n your pre-selected mutual funds each month, or quarter. Not only do you dol

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

ar-cost average (a great consistent investing strategy), you will never have

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

Professional from academic institutions, pharmaceutical industries, health care indust

the problem of cash building up in your account, and missing out on returns

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

because you were sitting out on the market.

Action Step: Enroll in

.

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

the automatic saving program at your bank, credit union, or brokerage. Commi

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

Companies that provide selfless information through particip

to save each and every paycheck or month, whether it is $20, $200, or $2000

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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