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1. Credit card companies can change almost all of the terms of the credit card by giving just 15 days notice.

We get used to credit card companies

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

adjusting their lending rate by 1/4% as interest rates fluctuate but did you know they can alter any of the terms for any reason. For example they

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

Examples of combination products may in

can increase the late payment fee and they can increase the interest rate without the need to justify it. If you are late or miss just one payment

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

he low rate you are currently being charged can double or even treble almost overnight.

2. Credit card companies can increase the cost of a purcha

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

e months after you bought it.

If you purchased a wide-screen plasma TV 3 months ago, using a card which at the time was costing 9.9% apr, and you

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

Combination pro

re late with just one payment, the credit card company can charge you a late payment fee, say $40, and increase the interest rate to 29.9% apr, or

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

even more, and there is nothing you can do about it.

They can, in effect, increase the cost of your TV months, or possibly even years after you 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

chased it. The TV retailer wouldn't be allowed to do this but your credit card company can.

3. Discount offers are only good if you keep up all yo

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

r payments.

Interest free balance transfers and initial periods can disappear for any minor omission. Failure to keep to all the terms of a card w

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

ll result in special terms being withdrawn and possible penalty interest being applied. If you have interest free purchases and balance transfers m

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

ke sure you keep up the payments.

4. It's not just your card payments you have to keep up.

If you miss a payment on your mortgage, or your car or

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

Following aspects would a

any other financial payment, your credit card companies can re-assess your credit score and increase your interest rate accordingly.

If you there

dd to the challenges in developing combination products:

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

ore miss a loan payment on your boat or car, but still pay the payments due on your cards, you can find that your credit card interest charges jump

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

to 2 or 3 times the original rate.

5. Credit card companies are today making record profits from you.

If you don't pay your cards in full each mo

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

th credit card companies make the majority of their profits from you and a substantial portion of that is in the additional charges they levy.

It

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

akes little or no sense to keep money in the bank earning 5% maximum and pay 29.9% or 19.9% or even 9.9% on your cards. Pay off the card and use th

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

Professional from academic institutions, pharmaceutical industries, health care indust

e card for emergencies rather than the savings. Without the card payments you will be able to rapidly replace the savings.

Without your knowing cr

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

dit card companies can hold you hostage at the very time you may really need financial assistance. Don't allow credit card companies the continuing

.

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

opportunity to make record profits at your expense, and at the same time the opportunity to benefit from any misfortune.

If you can pay the balanc

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

Companies that provide selfless information through particip

off withing 3 to 6 months do so otherwise consider some form of consolidation loan to remove the noose credit card companies have around your neck

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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