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In today's highly competitive markets, where managing finances is a major concern for most busi

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

nesses, equipment leasing comes as a valuable financing alternative. In the past, businesses of

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

Examples of combination products may in

ten chose to purchase equipment as and when required for their growth. However, this had the ef

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

fect of tying up capital and limiting expansion. However due to the tremendous benefits associa

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

ted with heavy equipment leasing, it is fast becoming the preferred option.

Here are just a fe

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

Combination pro

w of the benefits:

First of all, by opting for equipment leasing instead of buying it outright

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

, you can free up enormous sums of money which would have otherwise gone into buying the equipm

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

ent. Thus, heavy equipment leasing helps to increase the cash flow in your business.

Secondly,

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

leasing is categorized as an operating expense for your business and may not fall into the sam

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

e debt classification as do certain other types of loans. As a result, your balance sheet liabi

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

lity may be reduced and thus the asset-to-liability ratio of your business improves.

This in t

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

Following aspects would a

urn translates into stronger financial statements, which increases the borrowing capacity of yo

dd to the challenges in developing combination products:

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

ur business. (Please don't take this as accounting advice. I am not an accountant, so be sure t

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

o consult a qualified accountant before making any financial or accounting decision.)

Finally,

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

with equipment leasing, you have the option of getting a seasonal lease. Thus, if you have a s

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

easonal business, where profits are greater at certain times of the year as opposed to others,

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

Professional from academic institutions, pharmaceutical industries, health care indust

you can opt to make higher lease payments at such times.

This reduces the financial burden on

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

your business and ensures that repayment does not suffer.

With all of the benefits that leasin

.

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

g provides, it is no small wonder that its popularity is growing by leaps and bounds. Check int

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

Companies that provide selfless information through particip

o lease alternatives before you make your next equipment purchase. You may well be glad you did

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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