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Nobody likes to receive collection phone calls from bill collectors. If your finances are not in good shape, there is a good chance that you receive a lot of calls from one or more telephone collectors. Collect

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

ion agents are not necessarily bad people - most are just doing a job. A few seem to get a perverse joy in yelling and threatening, but for the most part, collectors follow a script.

After a few days or weeks o

; 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 fielding collection phone calls, you may not give much thought to the phone calls. Many people change their phone numbers, use an answering machine or simply hang up - all of which are reasonable strategies.

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

You should be aware that the collection agencies will respond to your non-responsive actions. Once a bill collector reports back to his supervisor that you are not responsive to collection efforts, there is a goo

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

d chance that your account will be turned over to the legal department for legal action.

In my Atlanta bankruptcy

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

Combination pro

practice, I interact with collection lawyers on a regular basis. Law firms that specialize in collection operate as paralegal driven volume practices. Often the owner of the law firm also owns the collecti

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

on agency so there is no real cost to turn an account over to the legal department. The collection agency owner/lawyer most likely purchased your account along with hundreds of others for a substantial discount.

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

For example, a retail store’s credit card division might sell accounts that are 90 days past due for 30 cents on the dollar. If the collection lawyer can recover 60 cents on the dollar, he will double his money

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

.

Collection law firms often file dozens of lawsuits per month. In most cases, the defendant - i.e., the person who owes the money - will not respond, either because he does not know how or because he has no ba

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

sis to oppose the lawsuit. If you do not respond to a lawsuit within a certain period of time (typically 20 to 30 days after being served), the creditor’s lawyer has the right to ask for a default judgment. He

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

need only file a one or two page pleading stating that you have not responded to the lawsuit as set forth in the law and therefore the plaintiff is entitled to a default judgment. The state court judge will the

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

Following aspects would a

n issue an official court order that creates a judgment against you.

A judgment has the potential to cause a great deal of trouble for you. Firstly a judgment is a secured debt, meaning that any of your persona

dd to the challenges in developing combination products:

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

l property, including future wages, may be seized to satisfy the judgment. Secondly a judgment operates as a lien against any real property that you own, meaning that when you try to sell your house, any outsta

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

nding judgment will cloud your title. Third, a judgment functions as a negative mark on your credit. A judgment will seriously affect your credit score since it reflects indebtedness that ended up in a court pr

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

ceeding.

Finally, most judgments will continue to accrue interest - I have seen situations where an unpaid judgment accrued several thousand dollars of interest over a period of years. When the debtor decided t

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

o sell his house, he was unhappy to learn that the old, unpaid credit card bill judgment of $6,000 that he had ignored over the years had ballooned to a $20,000 lien that he had to pay at closing.

Judgment credi

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

Professional from academic institutions, pharmaceutical industries, health care indust

tors have the right to satisfy their liens by garnishing your wages or by seizing the funds in your bank account. If you ignore a lawsuit, the case against you goes into default and a judgment issues, you may fi

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

rst learn that you have a big problem when your next paycheck is reduced by a large garnishment deduction, or when your rent check bounces because all the money in your checking account has been grabbed by the ju

.

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

dgment creditor.

If a sheriff’s deputy or process server arrives at your door, you should immediately seek legal counsel. Bankruptcy may be an appropriate consideration to eliminate the debtor to pay it back ov

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

Companies that provide selfless information through particip

er time. Negotiated settlements, sometimes at a discount, may also be available. Ignoring a lawsuit or ignoring the issuance of a judgment is never a good idea and will result in serious, long standing problems

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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Selling profession is a science and an art. You have to treat the customer as a friend and also keep some distance. This requires skill. Selling profession is not for weak hearted people. One needs to have strong determination and persistence.

Over one half of all new businesses fail within the first 3 years of trading. But with sound planning, some business knowledge and most important of all a great dream you can dramatically improve your chances of surviving, growing and succeeding.

More exposure is what all networkers want and need. But where are the current trends leading us? Is e-mail dead and buried? How will we survive in the new world of e-commerce? Are you making the right future decisions for your business?

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