Your Space - Insurance

It appears it is an obvious decision to ensure you have travel insurance when travelling to countries such as the America, Far East, and Caribbean etc. Co

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

untries where there is a history of high medical costs, if treatment is needed. But as travelling to another country becomes the equivalent to travelling

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

Examples of combination products may in

to another big city 15 years ago, more and more people are becoming more complacent about the need for travel insurance. This is more apparent in European

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

countries where there is a national health service, of which there is an agreement with the European community to treat other Europeans free of charge.

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

Take Spain for example which is part of the European community and will offer free health care say to a UK citizen on holiday or living there. There are c

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

Combination pro

ertain conditions, first of all you must have a UK E111 form, if you don’t have that, you will not be treated. You must also go to a national health hospi

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

tal, which are not in abundance in certain areas of Spain.

If you were to have an accident, an ambulance would take you to the nearest hospital irrelevan

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

t of insurance or not, you would then be asked if you had insurance and then transferred if possible. The problems come when you are not conscience or in

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

such pain you need immediate treatment. All this will be charged to you and possibly the ambulance costs too. If you are holidaying in a remote area or e

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

ven a holiday island, it is possible that the local hospital does not have the facilities to treat every emergency and you could find yourself being flown

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

to another hospital, of course at your expense.

Another example is hiring a scooter, where in many European countries now they are seen as so dangerous

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

Following aspects would a

that you cannot get insurance when you hire. You must rely on travel insurance for any health issues and pay for any damage to the scooter.

Check your ho

dd to the challenges in developing combination products:

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

liday car hire insurance, does it cover emergency treatment to you and your passengers? Be careful because some car rental policies are based on the assum

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

ption that someone on holiday would have travel insurance, so check the details. The facts are that there are very few countries like the UK that gives a

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

free health service in nearly all situations.

Like me you may have had several, event free holidays and have no reason to believe that the unthinkable wo

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

uld happen to you. But the facts are, that accidents can happen to anyone at anytime and usually do. Just ask any member of staff from any hospital emerge

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

Professional from academic institutions, pharmaceutical industries, health care indust

ncy ward for confirmation of this point.

There is a situation that would not just ruin your holiday, but could put a financial strain on you for the rest

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

of your life. That is where the treatment and emergency care requires a flight home in a special air hospital. The costs for this could be the equivalent

.

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

to the price of the home you are living in, not something to put on your credit card.

Lets hope your future holidays are event free from now on, but jus

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

Companies that provide selfless information through particip

t in case don’t assume that a free health service covers all eventualities, make sure you know all the consequences and have the right protection for you.

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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