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There are 2 main categories of income: Active and Passive

Passive Income

Income from business, rent

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

al, royalty or other enterprise in which a person is not actively involved in. For example, Robert Kiyosaki, the best

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

Examples of combination products may in

selling author of “Rich Dad, Poor Dad” earns a passive income through the royalty of his book. He spent time writing

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

the book once. His publisher will publish the book and the book stores will sell his book afterwards. He does not nee

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

to be actively involved in selling his book but still receive an income regularly.

A person who owns a franchise bus

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

Combination pro

iness also earns a passive income through the collection of franchise fees from his franchisee. A good example is McD

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

nalds. Ray Kroc, founder and builder of the McDonalds Franchise System created a phenomenal success in the franchisin

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

g business. Today, there are more than 26,500 restaurants in over 119 countries. The franchise fees collected from t

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

em created an enormous passive income for the founder.

If you own a property and decided to rent it, you can earn a p

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

assive income too. Robert G Allen, author of the popular book title “Multiple Streams Of Income” is a strong advocate

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

on property investment. He buys property and rent it. He earned large amount of monthly passive income through the r

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

Following aspects would a

ental of his properties.

With passive income, your money works for you, instead of you working fo

dd to the challenges in developing combination products:

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

your money.

A minority of people lives on the passive income; hence there are few wealthy people.

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

te>

Active Income

Income in exchange for services performed by a person. This includes wages, tips,

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

commissions and income from businesses and employment in which he or she is actively involved.

Majority of the people

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

live on the Active Income. They are required to trade in their time for money. Many people work 8-5. And many othe

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

Professional from academic institutions, pharmaceutical industries, health care indust

s need to work odd works to earn a fix income. Most Active Income earners barely have enough money for retirement and

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

they have to work all their lives. They are bounded by their work and deprived of time. They don’t have financial f

.

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

eedom and they don’t have time freedom.

When they stop working, their income stops.

Are you earning

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

Companies that provide selfless information through particip

an Active Income or a Passive Income?

If you want to be wealthy, you know that you need to earn a Passive Income now

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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