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The day after Thanksgiving is the official beginning of the holiday shopping season. It also begins a journey of overspending for many peopl

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

e.

Holiday shoppers will benefit from creating a holiday gift budget. Speak with family members and decide the total amount of money you h

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

Examples of combination products may in

ave to spend on gifts. Remember, if you decide to use credit, only borrow what you can repay within sixty to ninety days.

You might be abl

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

to avoid problems and debt by identifying your shopping style in the table below.

Shopping Style Solution Table

Impul

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

se shoppers

“When I find a gift, I buy it.”

Spend a few minutes thinking about gifts before yo

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

Combination pro

buy them and ask yourself: Will the person enjoy, use and appreciate the gift? Could I find this gift or a comparable gift for less money

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

somewhere else?

Shop with cash and when you have spent all the money, go home.

Keep track of the presents you have already pu

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

rchased.

Inspirational shoppers

“I go out to the stores and look around to decide what to buy

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

”

Leave your money and credit cards at home. Go shopping and when inspiration hits, write down the gift, where y

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

ou found it and the price. When you have shopped for everyone on your list, add up the total.

Compare your shopping total with your

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

ift budget. If they do not match, you will need to make adjustments. Try to find the item on sale, look for similar items that are less exp

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

Following aspects would a

ensive or give a combination gift to any couples on your list.

When you go back to purchase your gifts, buy only those gifts on your

dd to the challenges in developing combination products:

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

list.

Non shoppers

“I go to one store and buy them as quickly as possible.”

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

Internet shop. The Net will allow you to shop quickly from several different merchants, which could save you money.

Give gift cer

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

tificates and everyone wins. There is no shopping involved for you, the recipient can choose their own gift and you will not overspend. <

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

ul>

Last minute shoppers

“The end of December creeps up on me and I find myself in the stores on Chri

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

Professional from academic institutions, pharmaceutical industries, health care indust

stmas Eve.”

Don’t panic. Time is short, but you want to avoid buying any gift, particularly one that would be more m

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

oney than you would normally spend, just so you have a gift to give. Map out a plan before you leave home. List each person for whom you wi

.

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

l buy a gift, what gift you would like to buy for that person and which stores you will need to go to.

Enlist help. Get one of your “I

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

Companies that provide selfless information through particip

finished my shopping before Halloween” friends to come shopping with you and send them off to pick up some of the gifts on your list.

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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Top Adding - Know Your Shopping Style and Avoid Holiday Debt

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