Answers - Legal

Identity theft is a federal crime under the Identity Theft and Assumption Deterrence Act. It occurs when a con artist uses your pers

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

onal information, such as name, mailing address, Social Security number, credit card number, birth date to set up a clone identity,

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

Examples of combination products may in

which then buys merchandise, takes loans and makes other financial transactions. The impersonator keeps the loot, while you get stuc

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

k with the bad credit. Identity theft scams have received their fair share of media attention in recent years.

The crime of identit

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

y theft has reached epidemic proportions, with identity theft scams making headlines more and more every day. One of the high-profil

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

Combination pro

e identity theft scams involving a New York's restaurant busboy, Abraham Abdallah, is the largest identity theft in the history of t

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

he Internet. Abdallah, a 32-year-old high school dropout, breached the private finances of 217 of the Forbes 400 wealthiest people i

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

America. Using a few web-enabled cell phones, virtual voicemail and a public library computer, the so-called "busboy" is said to ha

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

ve guessed the passwords of his favorite tycoons, input personal information so conveniently available in Forbes magazine, swiped So

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

cial Security numbers, and accessed brokerage accounts.

Soon Abdallah forged bank's stationeries deployed multiple couriers to esca

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

pe detection, and had credit cards in Steven Spielberg, Martha Stewart, Oprah Winfrey and Ted Turner's names! Law enforcement office

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

Following aspects would a

rs called it one of the most ambitious identity theft scams they had ever seen, a hi-tech scheme of Hollywood proportions. Even thou

dd to the challenges in developing combination products:

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

gh the police arrested Abdallah five years ago, they are still trying to trace the complex electronic trail to figure out exactly ho

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

w much money was siphoned.

Of the recent high-profile identity theft scams, the MphasiS BFL - Citibank case is particularly notewor

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

hy, because of the ease with which five young employees from MsourcE, an Indian call center allegedly pulled off a financial fraud w

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

orth nearly half-a-million dollars. The accused were no geeks, and did not break through firewalls or decoded encrypted software. In

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

Professional from academic institutions, pharmaceutical industries, health care indust

stead, they devised a simple modus operandi. Being the authorized e-banking service providers to Citibank, these MsourcE employees w

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

ere privy to confidential details of various account holders. The only pieces missing were the passwords, which these employees appa

.

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

rently got by "sweet-talking" the account holders.

Identity theft does not have to be big and news worthy to ruin peoples lives. Th

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

Companies that provide selfless information through particip

e small time con artist can assume several different identities and ruin the financial lives of dozens of people, semingly overnight

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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