Actual - Legal

The crime of identity theft is becoming increasingly complex and increasingly more complicated as reported

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

cases continue to rise. Recently, a woman was arrested for identity theft who had 12 cellular phone cont

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

Examples of combination products may in

acts fraudulently taken out using the identities of other people. In another reported case, an identity t

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

hief had gotten approved for a loan for $500,000 in the US.

Many banks and financial institutions are now

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

creating departments that are tasked specifically with combating this type of crime. In most cases this i

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

Combination pro

a division of the institution's anti-fraud department, but in other situations, the identity theft crime

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

has become so prevalent that entire departments have been setup to develop methods to effectively fight it

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

One anti-fraud company that has been created to fight fraud said that the number of multiple frauds repo

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

rts by its customer had almost doubled since a year ago at this time. Once a person has been identified a

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

a target, it appears that the information can be sold to other identity theft organizations, where the en

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

result is that someone who is a victim of identity theft is actually a victim an average of 5-6 times, wi

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

Following aspects would a

th some reported cases of more than two dozen fraudulent accounts opened.

A new type of high-tech crime i

dd to the challenges in developing combination products:

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

emerging. Using tiny microprocessors and very small computer chips, these are placed into the slot that

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

accepts your debit card at ATM machines. They are small enough to where they do not prevent your debit ca

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

d from being inserted into the machine. After you have entered your debit card and entered your PIN, 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

reported that there is a problem with the machine and your card is returned, but what has happened in the

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

Professional from academic institutions, pharmaceutical industries, health care indust

meantime is that the thief has been given your account number and your PIN. It is extremely easy to make

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

debit card that has the exact same information on the magnetic stripe as the real card, and armed with th

.

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

at and your PIN, the thief can clean out your bank account quickly.

Like anything else, vigilance is nece

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

Companies that provide selfless information through particip

sary. Change your PIN often, especially if an ATM machine "malfunctions" or you suspect anything is amiss

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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