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Actual - The 1973 Arab Oil Embargo Aftermath
Before the 1973 Arab oil embargo gasoline could be found for 30 cents per gallon, and the cost per barrel of crude domestic oil was about $7.00
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
per barrel. The Arab oil embargo caused prices to rise and we all know about the huge profits that were made by each and every oil company wor
; 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
ld wide.
Our almost-did-nothing Politicians at that time passed a windfall profit tax because oil company profits increased about 300%. Those
Our almost-did-nothing Politicians at that time passed a windfall profit tax because oil company profits increased about 300%. Those
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
oil people were still pumping $7.00 per barrel oil and they weren't about to reduce retail prices because O.P.E.C. fixed the price for their oi
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
l to, for starters, $16.00 per barrel. Then again, our oil people loved those Arabs and made many of them filthy rich many years before O.P.E.C
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
. was created. Was that just a cleaver plot between them and our oil people? Yep! That's what it was.
The windfall profit tax was a big proble
The windfall profit tax was a big proble
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
m for our oil people because they were now paying hundreds of millions of dollars more to the IRS. Because of that, gas prices weren't going do
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
wn to pre 1973 levels. Also, they would have to defeat the tax if they expected to maintain those huge profits year after year. Well, they just
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
bought more Arab oil to increase their average per barrel cost and pay far less to the IRS.
What you don't know is that they also closed thei
What you don't know is that they also closed thei
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
r $7.00 per barrel wells and used some of their huge profits in which to drill new wells to tap the same oil source that those old wells sucked
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
from below the Earth. So now, the same oil suddenly cost $17.00 or more per barrel. The windfall profit tax became nothing more than joke that
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
was repealed. What about fair competition and those other laws that prevent price gouging or extortion?
In times of a National Emergency, who
In times of a National Emergency, who
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
cares? We People need gas in order to go to work and buy food. That's true enough, and those high gas prices were the start of 1,000% inflatio
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
n. I wonder what will happen this time? Naturally, you can expect the same thing to happen.
During and after the crisis our oil people were do
During and after the crisis our oil people were do
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
ing their best to keep prices from going higher and they had one way to end shortages by simply trading millions of gallons of fuel between the
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
mselves.
X company would ship fuel to Y company to prevent a shortage in Illinois, and Y company would ship an equal amount to X company to co
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
ver a shortage in California. Is that fair competition when they all do business in all of the States? No.
It's entirely possible that the sam
It's entirely possible that the sam
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
e oil source became the refined product within the tanks of every fuel station in an entire State. Is that in compliance with our anti-trust la
.
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
ws? No. Then again, that's what they call serving their customers.
Believe it or not, that's just one of the things that our multinational cor
Believe it or not, that's just one of the things that our multinational cor
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
porations did and continue to do as part of their desire to create a, "New World Order," and take for themselves the wealth of the entire Earth
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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