Actual - Legal

It can happen to anyone. Your phone rings and you are confronted with a collection age

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

ncy demanding that you pay past due accounts for services or products you never bought.

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

Examples of combination products may in

What happened?

Identity theft struck 8.9 million victims in 2006. According to Javel

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

n Strategy and Research 8.9 million people were victims of identity theft in 2006, tota

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

ing $56.6 billion in loss.

Identity thieves steal ATM cards, driver licenses, credit c

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

Combination pro

rd numbers, Social Security numbers, and other items with personal identity information

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

These criminals then use the information to impersonate their victims. The common id

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

a is to spend as much money as quickly as possible and then find another victim.

Commo

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

ways of getting personal information include:

Dumpster Diving - Going through

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

trash looking for personal information.

Mail Fraud - Stealing mail, which inc

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

udes checks, credit offers, anything that will give them the ability to get credit in y

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

Following aspects would a

our name.

Shoulder Surfing - Capturing your PIN by looking on as you conduct yo

dd to the challenges in developing combination products:

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

r transaction. As much as sixty-three percent of identity theft can be pre

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

ented by the consumer.

Some tips to prevent being a victim:

Shred all documen

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

s with personal information i.e. birth dates, name, address, account numbers etc. It i

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

highly recommended to use a cross cut shredder.

Use a locking mailbox; do not

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

Professional from academic institutions, pharmaceutical industries, health care indust

eave mail in the box overnight.

Shield the screen and keypad with your hand a

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

d body when you enter your PIN.

Closely monitor your accounts for unidentified

.

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

ctivity. Prevent criminals from getting your personal identity information.

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

Companies that provide selfless information through particip

Prevention is the most effective way to protect you from being an identity theft victim

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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