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Actual - The #1 Way to Turn Bad Debt Into Good
A good definition of bad debt is financing something you consume. If you finance something you consume, you have to feed
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
it, or it loses value over time (cars?) you can put it into the bad debt category. There is an excellent way to turn th
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
ese bad debts to good debt.
Think of all the purchases you make in a week. Groceries, eating out, gas for the car(s), m
Think of all the purchases you make in a week. Groceries, eating out, gas for the car(s), m
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
vie tickets, toys for the kids, fountain drinks at the convenience store, coffee drinks at your favorite coffee bar, and
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
the list goes on and on. Some of these purchases are paid for with cash, but most are put on the plastic. Not such a ba
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
d idea until the bill is due. That’s when you get to pay a finance charge for all those espresso drinks you bought over
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 last few weeks.
In today’s society, more and more of our purchases are put on plastic of some kind – debit card, cre
In today’s society, more and more of our purchases are put on plastic of some kind – debit card, cre
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
dit card, gift card, etc. We are becoming a cashless society and you can position yourself to benefit from this ongoing
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
trend.
Stop carrying cash
Once your cash is gone, it’s gone forever. Once you spend it, it can’t
Stop carrying cash
Once your cash is gone, it’s gone forever. Once you spend it, it can’t
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
arn interest for you. Instead, it earns interest for the person you gave it to. If it’s stolen you can’t replace it. Hop
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
efully you earn some kind of interest on your checking account. If not, it’s time to find a bank that will pay you for k
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
eeping your money on deposit with them. Keep your cash in the bank so it can continue to earn interest. Credit cards can
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
be cancelled in a few moments and you are not responsible for unauthorized purchases.
Put all your purchases on
Put all your purchases on
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
a credit card
Putting all your purchases on a credit card gives you some notable benefits. First of all i
Putting all your purchases on a credit card gives you some notable benefits. First of all i
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
s that you are using the banks money today to pay for the things you need. That leaves your own cash in your own account
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
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
where it can work for you earning interest. Carrying less cash makes you less of a target for theft. Since credit cards
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
offer various rewards programs, the more you spend on your card, the more rewards you earn.
Pay off your card e
Pay off your card e
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ach month
That is easy to say but difficult to do. The number one way to turn bad debt into good is to pay
That is easy to say but difficult to do. The number one way to turn bad debt into good is to pay
.
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
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
off your card each and every month. That requires some discipline on your part but will pay off in the long run in two w
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ays. Your cash stays in the bank to earn interest, and you build your credit score by paying you bill in full each month
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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