Answers - Finance

You've probably heard that debt consolidation can help you get control of your money and reduce your overa

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

ll debt. And you probably know that you can finance it yourself, without using a professional debt consoli

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

Examples of combination products may in

ation company. But is that the right move for you? That depends on your personal situation, but, in most c

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

ses, it's a smart choice if:

You have equity in your home.

If you're a home owner, and you have s

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

me equity--the value of your home minus the amount you still owe--you can get a Home Equity Loan to pay of

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

Combination pro

your debts and consolidate them into one loan. Home Equity Loans are relatively inexpensive. The interest

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

rates tend to be low, they're easy to obtain, and in many cases the interest you pay throughout the year 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

tax deductible. One caution, however: Since your home is collateral on the loan, you should only choose t

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

is option if you're absolutely certain you'll be able to make the monthly payments.

You can get approv

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

d for a low-interest credit card.

Another option for financing your consolidation yourself is by obta

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

ning a low-interest credit card, preferably one with low fees. You can transfer your other balances to thi

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

Following aspects would a

s one card so that you only have one monthly bill to pay. In general, this is best if you can find a card

dd to the challenges in developing combination products:

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

hat's offering a low introductory rate--such as zero percent interest for the first six months, and then a

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

low fixed rate after that. It will also need to have a limit high enough that you can transfer all your ba

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

ances over to it.

You can get another low-interest loan.

There are other possibilities for a low-

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

nterest loan, too, including a secured loan (with a high-value item, such as a car or boat, for collateral

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

Professional from academic institutions, pharmaceutical industries, health care indust

, a personal loan or a loan from a family member or friend. If you have access to this type of loan, you c

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

n use the money from the loan for debt consolidation.

There are different ways to obtain debt consolidati

.

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

n financing, based on your personal circumstances. If you can find a low-cost loan or line of credit, you

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

Companies that provide selfless information through particip

an make this consolidation work by lowering your interest rate and bundling all your debt into one account

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 - Debt Consolidation Financing - Is Consolidation Right For You?

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