Answers - Finance

I only have a limited amount of money (Dh3,000). Where can I invest it, and receive the highest return?

Many times we hear this million dol

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

lar question "When on earth do I start my savings plan?"

It means you want to start saving, and you'd like nothing more than to invest in f

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

Examples of combination products may in

nds, equities, shares and bonds that you hear so much about but all you have is a couple of dirhams.

Don't forget, take action: you have to

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

start somewhere. The important issue is to employ some discipline from outset so the saving becomes a natural habit.

You will be surprised

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

ow quickly your funds will start to grow particularly with some careful financial planning.

Saving today with all the choices available can

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

Combination pro

be much more satisfying and financially rewarding than it ever has been.

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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

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The first thing to do is to question what y

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

u want your money to do for you.

Typically people save money in banks but over the medium to long term their funds would be better served e

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

sewhere.

This is due to the erosive effects of inflation, and at present the very low interest rates we receive on our deposits.

Banks are

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

good for your short-term money and there are various options available in the offshore market depending on individual circumstances.

Saving

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

accounts and fixed-term deposits are useful tools for maximising returns only in the short term.

However, a carefully constructed savings

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

Following aspects would a

lan could yield more interest on your hard-earned money.

Depending on your attitude to risk, you can use secure & guaranteed funds, tracker

dd to the challenges in developing combination products:

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

funds, bond funds, managed equity funds, property funds and all points in between. One can place the asset in trust and incorporate some pro

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

ection (life insurance) if required.

Solid financial planning using a range of vehicles is key to growing your money in the long term.

Des

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

ite virtually limitless options, you will find the savings product to suit your needs - all it takes is a little patience and a good deal of

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

persistence.

And watching your money grow will make it all worthwhile in the end.

One is also better off saving offshore to increase their

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

Professional from academic institutions, pharmaceutical industries, health care indust

investor protection, and to keep their financial matters confidential.

You should consider the following before considering your options:

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

on't be greedy
Don't expect to be a millionaire overnight. Patience pays, so be realistic.
Don't panic if the market drops, stil

.

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

let the savings go on.
Don't trade for the short-term, unless you have the expertise to do so.

Most importantly, you should get some

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

Companies that provide selfless information through particip

professional advice in getting your money working harder, and encourage you to keep saving while working overseas so you can go home wealthy

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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Audio is now a powerful marketing tool that eables you to seduce your prospects into buying your products by using the power of your own voice.

Very few online article submission websites have an option of future entering of the directories, but it could be a good play. Most Public Relations and Press Release websites do.

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Answers - Tips For Investing Your Small Savings

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