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Recently I shared the heart-wrenching story of a young soldier who had to deal with the unexpected death of his mother. She didn’t have her affairs in order and now her son has the extremely dif

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

ficult task of recreating her financial details from scratch. Here are some simple steps you can take to ensure that your loved ones aren’t left in a lurch.

First thing you need to do is create

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

Examples of combination products may in

a ‘survivor file’ which will contain all of your important financial and personal information. Secondly, you need to tell someone you trust where to find it should the need arise. Maybe you’ve

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

put your will or living trust in a safety deposit box. Perhaps you have a filing cabinet containing your pertinent financial information. Your computer might hold the bulk of your money details.

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

No matter where or how you have this information, it is vital that your spouse and one other person you trust know about your ‘survivor file’, its location and how to access it. It doesn’t hel

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

Combination pro

p if your spouse is the only one who knows about it if you are both killed or injured in a car accident!

Your ‘survivor file’ needs to encompass several key areas. Your will or living trust is

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

the most important. Of course, this assumes you have these documents. 70% of Americans die without even a will. Fewer still have a Medical Power of Attorney, Durable Power of Attorney or a Livin

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

Will, which will all come into play should you become incapacitated. I can’t emphasize enough how important it is to have these properly executed and updated estate documents in place.

Along w

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

ith your estate documents, your ‘survivor file’ needs to include a list of financial institutions where you have accounts. Included should be banks, brokerage firms, insurance companies, credit

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

cards, pension plan providers and the like. A simple way to do this is to place either an original or photocopy of a statement from each institution in your ‘survivor file’. It should list the a

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

ccount number, how it’s registered and the institution’s name.

Don’t forget to include the locations of any safety deposit boxes (and the keys) you have. If this is where you keep your ‘survivo

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

Following aspects would a

r file”, be sure your trusted person knows where it is and has the ability to access it. Be sure to list all passwords for your computer and on-line accounts.

Your ‘survivor file’ should also l

dd to the challenges in developing combination products:

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

ist professionals you regularly consult, such as your attorney, accountant or CPA, insurance agent, financial planner, broker and the like. State your wishes for your funeral arrangements. If yo

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

u have pre-planned your funeral or have a final burial insurance policy, be sure to list this information as well.

How your personal possessions are divided can create all sorts of tension amon

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

your heirs. Listing who gets what in writing, with pictures or on video will put an end to any arguments. Often this information is included in your will or living trust. If it is, be sure to k

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

eep it updated. Your trusted person needs the ability to secure these assets at your death so your wishes can be carried out, instead of your loved ones carrying out your treasures at their own

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

Professional from academic institutions, pharmaceutical industries, health care indust

whim.

If you have pets, be sure to include them in your estate plan. Who do you want to care for them after you’re gone? Make sure this person is willing to assume this task beforehand and incl

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

ude in your ‘survivor file’ any pertinent information such as your pet’s vet and any medical conditions.

Lastly, if you’re one of those people who have hidden money under the mattress or put gu

.

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

ns up in the attic, make sure you note their location in your ‘survivor file’. Otherwise, they might never be found!

Don’t leave your loved ones hanging. Create your ‘survivor file’ today and m

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

Companies that provide selfless information through particip

ake sure it is clear who is in charge when you’re out of the picture. That way, you can help avoid confusion and misunderstandings during what will already be a difficult time for those you love

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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