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One attorney wants a $2,500 retainer, while another attorney will handle the matter for 40% of your recovery. Why the difference? For the most part, it depends upon

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

which type of case that you have as to how the attorney will charge you.

Almost all Personal Injury Attorneys charge a percentage of recovery. Some charge 40%, other

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

Examples of combination products may in

s charge 33%, it all depends upon the Attorney and the specific type of case. In some minor’s claims, the fee may be only 25%. This type of fee is called a contingen

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

cy fee. A contingency fee means that the Attorney’s compensation is contingent upon obtaining a favorable settlement offer or prevailing at trial. Personal Injury At

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

torneys typically handle injury claims on this basis because it benefits both the Attorney and the Client. The benefit to the Attorney is obvious, in that he will be

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

Combination pro

eceiving up to 40% of the total recovery on a given claim. The larger the claim, the larger the recovery. There are benefits to the Client as well. The Client has an

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

Attorney representing his/her interests essentially for free, at least in terms of out-of-pocket expenditures. On a given injury claim, the Attorney will usually fro

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

nt the monies (if this is permitted in your state) that are required to commence and continue with your claim. This may include obtaining medical records, witness sta

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

tements, expert witnesses, the court filing fees and so forth. These expenses can add up rather quickly, and the Client will not have to pay for them, at least initia

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

lly. The other benefit to the Client is that if the claim does not produce anything, the Client does not have to pay the Attorney a fee. You can see that the Attorne

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

is facing a risk here, in that he may produce an enormous amount of work on a given case, and he may end up with nothing. Others types of Attorney also follow the co

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

Following aspects would a

ntingency fee model. Social Security Disability, Workmen’s Compensation, Collections and Wrongful Death are other types of cases that are usually handled on a conting

dd to the challenges in developing combination products:

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

ency fee basis.

Other Attorneys charge an hourly fee for their services. The hourly fee is exactly how it sounds, the Attorney charges a certain fee for each hour th

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

at he/she spends working on a certain matter. The hourly fee can vary enormous amounts based upon the skill level of the Attorney and the type of work being performed

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

. A partner at a large tax firm might be charging up to $750 per hour for each hour spent on a given matter, while a junior associate at a small suburban firm may be

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

harging $100 per hour. Many types of cases are handled on an hourly basis, including most Family Law matters such as Divorce, Custody, Support and Equitable Distribut

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

Professional from academic institutions, pharmaceutical industries, health care indust

ion, Criminal Law, Real Estate, Contracts and Civil Defense.

There is a third type of fee that an Attorney might charge for his services - the Flat Fee. A Flat Fee i

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

s a one time charge for a specific undertaking, no matter the amount of time expended. You might be charged $50 or $100 for a simple letter. A Last Will and Testamen

.

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 may cost $100 to $400. An appearance in Traffic Court might cost $250 to $1000. These are all examples of flat fee services, and there are many others as well.

Wh

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

Companies that provide selfless information through particip

en consulting with an Attorney, ask specific questions as to how you will be charged for the legal services to ensure that there are no surprises when you get the bill

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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