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Answers - Glossary of Contract Law Terms
fraud "False representation of a material fact, made by a person who is le 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 gally responsible for such a factual statement made by such person with the intent ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in on that the innocent party would act based on the fact as stated and which actuall lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. y induces the innocent party to incur damages. Frequently made contracts are voida here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe le at the option of the injured party." acceptance The verbal or written d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro onsent to be bound by the terms of an offer; returned by the offeree. The acceptan 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 ce must match the terms of the offer. acknowledgment A statement signed b 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 an authorized official, which avers that the person who executed the instrument d nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically id so voluntarily; usually found at the bottom of a document, or attached thereto. 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 adversary proceeding A trial or other proceeding in which all sides have ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi he opportunity to present their arguments: a proceeding involving a contested acti ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a on. affiant One who makes and subscribes to an affidavit. affidavit dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod > A written ex parte statement made of taken under oath before an officer of the cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin court or notary public of other person who has been duly authorized so to act. tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen anticipatory breach of contract Words or acts by any contracting party which 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 easonably indicate to any other contracting party that the terms of the contract m ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust ay not be performed as promised. assignee The person to whom a contractua y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products right is assigned. assignment A transfer of one's rights under a contrac . 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 t to a third person, who was not a party to the contract and who was not intended elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip o benefit when the contract was entered into between the promisor and the promisee 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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