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Planes, trains and lawyers?

Well let’s start with the planes as on 1 October in 1881 the American Engineer and aviati

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

on pioneer William Edward Boeing was born in Detroit, Michigan. The name Boeing remains one of the most recognizable t

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

Examples of combination products may in

roughout the aviation world even now over half a century since his death.

So what about the trains then? And why is O

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

tober 1 such an important date in the railway world? This time we have to go back to just October 1st 1964 which is wh

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

n the world’s first high speed railway, the Tokaido Shinkansen (or the Japanese Bullet train), opened between Tokyo an

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

Combination pro

Shin-Osaka. By it’s 40th anniversary in 2004 over 4.16 billion passengers had traveled on the Tokaido route and it to

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

ay remains the world’s most heavily traveled railway route.

So that brings us onto modern day living and the signific

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

nce of the date of October 1st on lawyers and solicitors.

Well for UK solicitors and legal professionals the date may

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

not have the same global impact as Boeing or the Bullet Train but October 1st still remains a significant date due to

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

hanges in the year 2000 when the Law Society opened the way for Solicitors Professional Indemnity Insurance to be sold

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

via the Commercial Insurance market when the Solicitor Indemnity Fund (SIF) ended.

This change in the legal professio

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

Following aspects would a

meant that for the vast majority of UK solicitors the date of October 1st has become surnonimous with their Solicitor

dd to the challenges in developing combination products:

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

Professional Indemnity Insurance renewal. For most of us this means very little but for solicitors, lawyers and UK le

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

al professionals this means that in order to continue doing business they have to make sure their firms Solicitor Insu

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

ance is in place and renewed by October 1st. Business Insurance and specifically Professional Indemnity Insurance fo

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

Solicitors is a highly competitive market so firms such as Northern Counties Insurance Brokers (The UK’s Solicitor In

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

Professional from academic institutions, pharmaceutical industries, health care indust

urance Brokers) have set up facilities aimed at making the purchase of Solicitor Insurance as simple as possible.

Wit

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

online quote facilities, SMS quote request facilities and above all a fast, friendly and reliable service at hard to

.

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

eat Solicitor Insurance premiums it has never been easier for UK Solicitors to see how much they can save.

For furthe

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

Companies that provide selfless information through particip

information on Solicitor Insurance visit www.solicitorpi.com

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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