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Once you sign on the dotted line you have certain obligations to the lender for the money you have bor

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

rowed, and you also have rights as their customer. Understanding your obligations and rights can help

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

Examples of combination products may in

ou manage your mortgage better.

Borrower’s rights:

• In New South Wales, a mortgage broker must prov

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

de a Finance Broker Contract before they can approach lenders on your behalf. (It is expected that the

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

other states will soon adopt the NSW system.)

• The lender must provide a credit contract, which sets

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

Combination pro

out the terms and conditions of the loan in clear terms – especially the financial information. This

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

s referred to as a Letter of Offer.

• The lender must advise clients and potential clients, either di

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

ectly or via a newspaper advertisement, of any interest rate increases before they come into effect. T

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

is does not apply to a reduction in rates.

• The lender must advise of any repayment increases, at le

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

ast 20 days prior to the change. This must be in writing directly to the borrower or their representat

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

ve. This does not apply to a reduction in repayments.

• A loan statement must be provided to the borr

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

Following aspects would a

wer at least every six months.

• The borrower can dispute statements, and if necessary use a tribunal

dd to the challenges in developing combination products:

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

to have unjust transactions varied or cancelled.

• The borrower can pay out the entire loan early at

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

any time (fees and charges may apply to some loans if you do this).

• The borrower can terminate a cr

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

dit contract before drawing down.

• The borrower may have the repayment date extended in financially

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

ard times.

• The lender must provide a payout figure within seven days of written request.

Borrower’

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

Professional from academic institutions, pharmaceutical industries, health care indust

obligations:

• Be truthful and factual in all details provided in the loan application.
• Make

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

all the repayments by the due date.
• Keep the property in good repair and not undertake any majo

.

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

alterations without the lender’s consent.
• Insure the property for its full value, and not do a

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

Companies that provide selfless information through particip

ything to void the policy.
• Do not sell, lease or mortgage the property without lender’s consent

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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People put off until tomorrow only those decisions they lack the confidence to make today. We live in a society where no one has time. How ironic is that we don't have time to do the things we want, but your prospect is going to spend time to think about it? Sure there will be times when your prospect will have to think and ponder about this decision. Most of the time it is a knee jerk reaction, and the prospect is feeling a need to buy and they feel the pressure to buy, so now they will put you off. Remember if you do have to follow up, after they are thinking about it, the emotion has left and you need to reignite the fire before you complete your follow-up.

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