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So you’ve been in an automobile accident and have discovered that the other party does not have insurance. What do you do

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

now?

The first step is to turn the claim in to your automobile insurance carrier. Don’t worry, your rates will not go up

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

Examples of combination products may in

f you were not at fault for the accident. Your insurance carrier will likely send a claims adjuster to inspect your vehicl

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

. Some insurance companies advise you to take your car to an authorized repair shop for an estimate. Either way, your co

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

pany will pay for your repairs, except for the “deductible” that you have selected on your insurance coverage. The most co

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

Combination pro

mon amount of deductible is $500, though many people have a $100 or $250 deductible, and some others have a deductible of $

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

,000. The higher deductible that you have chosen, the cheaper your automobile insurance will be.

After your vehicle is re

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

aired, your insurance company will begin a process called “subrogation”. Subrogation is where your insurance company attem

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

ts to collect the monies that it paid out to repair your vehicle from the at-fault party. This may or may not involve the

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

iling of a lawsuit. If a lawsuit is filed, you may have to appear in court and testify as to what occurred in the acciden

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

. Your insurance company will also attempt to recover your deductible in the subrogation process. As you can imagine, su

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

Following aspects would a

brogation is a difficult process, because most times you are dealing with an individual who did not maintain automobile ins

dd to the challenges in developing combination products:

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

rance. In my experience, the individual who does not maintain automobile insurance coverage often does not maintain or hav

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

many other assets from which to make retribution on the subrogation claim. Still, the efforts prove worthwhile more times

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

than you might expect.

The next step, if you were injured in the accident, is to present a claim for “uninsured motorist b

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

nefits”. Uninsured Motorist Benefits are benefits that are available to you as an option on your automobile insurance pol

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

Professional from academic institutions, pharmaceutical industries, health care indust

cy. If you have chosen to have Uninsured Motorist Benefits, you may be eligible to receive payment from your insurance com

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

any if you were injured by a driver who did not maintain automobile insurance on his vehicle. This payment would cover any

.

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

type of “pain and suffering” or lost wages that you may have incurred as a result of the auto accident. This benefit is a

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

Companies that provide selfless information through particip

elatively inexpensive option that provides much needed coverage to you in a time of need, and is recommended to all drivers

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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