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Student loan consolidation allows you to roll all your student loans into one new loan

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

and often times you can get a smaller interest rate that is fixed. There are pros and

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

Examples of combination products may in

cons to consolidating though.

Consolidating allows you to pay your loans with one pay

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

ment instead of having several payments to make if you went with different companies.

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

f you are getting a lower interest rate, you can save money in the long run. However,

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

Combination pro

pay close attention to the length of the new loan. If the lender extends your repaymen

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

period, you may end up paying more money in the long run, even with a lower interest

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

rate. In that case, if may be best to stick out your current loans.

Also, check with

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

our lender(s) to see if they have incentives for staying with them. Some places offer

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

lower interest rates if you make a certain number of consecutive on-time payments. If

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

his is the case, it may be beneficial to wait on consolidation until your rates drop d

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

Following aspects would a

ue to paying on time.

Another thing to think about is the range of you loan interest

dd to the challenges in developing combination products:

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

ates. The lenders get your new interest rate as a weighted average of your current rat

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

es. If one of your loans’ rates is significantly lower, it could affect your new loan

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

nterest rate and you may want to keep it out of your consolidation. And from my own pe

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

rsonal experience, some loan companies may not want to “sell” their loan to another co

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

Professional from academic institutions, pharmaceutical industries, health care indust

pany for consolidation. They need to keep a certain quota and selling the loan could r

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

esult in them falling below that quota. It may be beneficial to look at the company’s

.

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

istory in advance.

Consolidation can be a good thing given the right circumstances. J

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

Companies that provide selfless information through particip

ust be careful and make sure you understand all the terms and conditions ahead of time

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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Answers - Student Loan Consolidation

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