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Top Articles - Investing - Olympics Teach Investors A Lesson
Perhaps the only area outside the financial world where performance is so closely measured is the Olympics. Competition is fierce, and with events measured to the hundredths of a second, athletes go to gre
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
at lengths to gain even the slightest edge. The Olympics can teach us a lot about investing.
Take skiing for example. Whether it’s for cross country or the downhill, each ski team has a group of specialis
Take skiing for example. Whether it’s for cross country or the downhill, each ski team has a group of specialis
; 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
ts with one job and one job only: to put the right wax on the skis. They carefully take multiple measurements of factors such as temperature, humidity and even the shape of the snow crystals to determine w
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
hich wax formula will give their athletes optimum performance. Regardless of the athletes training and ability, it’s the skills of the wax technician that will determine whether the racer wins or loses.
T
T
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
hese technicians have a number of waxes to choose from and it’s not that one wax is always better than another. Rather, that day’s conditions and the unique needs of each athlete will determine which wax i
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
s the top choice. You’d never have a wax specialist say that “Wax A” is always the best, or that only fools would use “Wax B”. They keep their options open and are always looking for new coatings to maximi
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
ze performance.
The job of a wax technician is far different from that of a wax salesman. Picture the wax salesman trying to sell the skier on using his wax (or one of the waxes he sells). The wax salesma
The job of a wax technician is far different from that of a wax salesman. Picture the wax salesman trying to sell the skier on using his wax (or one of the waxes he sells). The wax salesma
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
n isn’t trying to convince the skier that his wax is the best for current conditions, but that it should be relied on in all conditions. Obviously, I’m taking some liberty with the analogy, but can you ima
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
gine the skiers’ reaction?
As a investor—whether you are putting your money into a CD, an annuity, mutual fund or stock—knowing the difference between the advisor who functions as a wax technician and the
As a investor—whether you are putting your money into a CD, an annuity, mutual fund or stock—knowing the difference between the advisor who functions as a wax technician and the
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
one that is a wax salesman is vital to your success. Any advisor who recommends an investment that requires you to keep it for several years is a financial wax salesman. That advisor isn’t trying to help
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
you win the race, he/she is trying to sell wax. There are numerous conflicts of interest between you and a salesman, few between yourself and a technician.
There are those of us who realize our job is to
There are those of us who realize our job is to
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
be the financial wax technician for our clients. We aren’t committed to any one product or even a particular strategy. We are committed to your success. We recognize that our job is to understand the marke
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
t and economic conditions, along with your personal situation and risk tolerance. Only then can we recommend the financial wax designed to help you win.
It’s easy to understand that an advisor shouldn’t b
It’s easy to understand that an advisor shouldn’t b
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
e committed to any specific product. It’s more important to make sure the advisor isn’t committed to a single underlying strategy. For instance, Buy & Hold is an investment strategy. Index investing is an
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
investment strategy. Active management is an investing strategy. Many advisors base their entire practice on a single strategy. That’s like the wax technician that will only use one kind of wax.
Financial
Financial
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
wax technicians are wise enough to recognize that there aren’t any perfect investments and that there aren’t any perfect strategies. Each investment and each strategy has strengths and weaknesses. Unlike
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
the wax technician, we don’t look at conditions the next few hours, but we recognize that what occurs in the next couple of years can be far different from what happens over the next 7-10 years. We form a
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
long-term strategy but make tactical adjustments based on shorter-term (1-3 years) conditions.
I’ve developed several proprietary strategies that I use in my clients’ accounts. That doesn’t mean I always
I’ve developed several proprietary strategies that I use in my clients’ accounts. That doesn’t mean I always
.
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
use them. Some years they have a larger place, other years a smaller one. It all depends on the client and current conditions. More importantly, I’m willing to admit when something isn’t working and to mak
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
e adjustments.
A skier’s success is dependent on his/her wax technician. Likewise, your financial success is greatly influenced by the advisor you work with. Choose wisely and you’ll have a podium finish!
A skier’s success is dependent on his/her wax technician. Likewise, your financial success is greatly influenced by the advisor you work with. Choose wisely and you’ll have a podium finish!
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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