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Firstly, you will have to accept that communicating with your creditors is the key, so try not to hide from your creditors telephone calls, as a lack of contact with them can be more damaging to your situation in the long run.

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

If you have not notified your creditors of your financial difficulties beforehand, the first contact you will probably receive from them will be from one of their recovery team or late payments department.

Their reasons for c

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

Examples of combination products may in

lling you are generally to find out why your payment did not arrive when it was supposed to, and to apply some pressure to you to make a payment immediately.

Creditors will vary their tactics, dependent on how much you owe the

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

.

Strangely enough, it can be the creditor to whom you owe the least money, that may give you the most pressure.

If you imagine yourself in the creditor's shoes for a moment, you can see that if a person in financial diffi

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

ulties owed you ?30,000, it is unlikely that they will be able to repay you any more quickly just because you apply threatening behavior towards them, whereas if somebody owed you ?200, you maybe able to influence that person t

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

Combination pro

o maintain at least some level of payments by threatening the person with legal action should they stop paying.

It is not a certainty that you will receive calls regularly, indeed, some creditors may not call at all, but w

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

en they do call, the type of telephone calls you can expect from them can vary immensely, from a courteous call and a gentle reminder, to the threat of legal action against you should you continue to be unwilling to make a paym

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

nt.

Here are the golden rules that you need to assist you when your creditors call.

Be polite and stay calm, even if the person on the other end of the phone is being rude to you.

Take the name of t

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

e caller and the name of the creditor they represent. Take notes and keep a date and time log of your conversations, and what was said as this may become very useful to you later on.

Keep your manner courteous, short

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

and, above all, to the point. Try to avoid being engaged into a conversation about your repayments.

Do not promise to make a payment and then break the promise. Even though promising to make a payment will end the cal

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

, I can assure you this action can make the calls even more difficult later on.

Try to keep control of the call. Remember, you are the still customer.

Then, depending on your situation :<

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

Following aspects would a

b>

If you are entering into an IVA: Give the name, address and telephone number of your insolvency practitioner to the creditor, and explain to them that you are in the process of proposing an IVA. Ask them to

dd to the challenges in developing combination products:

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

contact your insolvency practitioner, as they are dealing with all your finances and have instructed you to refrain from making any payments to your creditors at all.

If you are entering into a debt management prog

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

ramme: Give the name, address and telephone number of your debt management company to the creditor, and explain to them that you are in the process of proposing a debt management programme. Ask them to contact your debt man

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

gement company, as they are dealing with all your finances and have instructed you to refrain from making any payments to your creditors at all.

If you have decided to declare yourself bankrupt: Explain to 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

reditor that you are unable to make any further payments and you will be contacting your local county court with the intention of petitioning for your own bankruptcy.

If at any time, you are losing control of

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

Professional from academic institutions, pharmaceutical industries, health care indust

the call, explain that now is not a good time to discuss your personal circumstances with them, and ask them to call back at a more convenient time, and then end the call.

If you are unable decided which debt solution

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

would be in your best interests, then take professional debt advice as soon as possible.

The chances are there will be several solutions available to you which will help you to deal with the situation, but remember, ign

.

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

ring the problem will only increase the pressure you are under, and your debts and your creditors are not likely go away without a resolution.

Being in debt can tear a person apart. In my years as a professional debt

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

Companies that provide selfless information through particip

adviser I have heard thousands of peoples debt stories, and as unique as each story is, there is one common point that just keeps repeating itself. Each person felt so much relief when they had made the call to ask for help.

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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