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Identity theft is undoubtedly a major problem of our modern times, especially in areas where technology is used consistently, hence there’s a higher opportunity for

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

identity thefts. Recent surveys show that in the United States only, $57 billion have been stolen this year, which is a $6 billion increase since last year.

But i

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

Examples of combination products may in

dentity theft does a lot more damage than simply resulting in the loss of money. Studies show that the total number of victims of identity theft in 2006 spent over

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

600 hours trying to resolve their problem without success. This severely cut down the productivity of the companies they worked for and decreased their focusing abi

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

ity. In addition, identity theft has an emotional impact which can be equal to that caused by a violent burglary.

In one particular case, a victim of identity thef

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

Combination pro

t reported that her name and identity were used in acquiring goods and services of over $55,000. This resulted in her getting an arrest record and eventually, a pri

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

son record. The case was even more severe, since the person that had “borrowed” her identity also engaged in drug traffic and other illegal activities which shed a

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

ew light on the victim’s arrest record. Of course, after a while, the real identity thief was found and the victim’s name was cleared, but the trauma of being arres

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

ted out of the blue for something they had no knowledge of and thrown in the Chicago Federal Prison remained.

Although the United States and their solid economy an

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

d technological levels are a haven for identity thieves, other parts of the World are also affected severely by this plague. For example, the United Kingdom reporte

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

?2 billion losses towards identity theft each year, although these numbers were mildly contested by some non-governmental organizations arguing that they were mani

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

Following aspects would a

pulated by the government to force the introduction of national ID cards. Australia’s records show a rough identity theft fraud of over AUS$4 million per year.

Bec

dd to the challenges in developing combination products:

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

ause of the growing unrest caused by identity-theft, the US Federal Trade Commission has formed a set of precautions and recommendations that are to be used in prev

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

enting getting your identity stole. A few of the most important points of this precautions book include the shredding of documents and paperwork containing personal

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

information after they are used, never giving out personal information without knowing exactly who you are dealing with, using protection programs for your computer

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

(such as anti viruses, anti spyware / adware programs, firewalls, etc), not keeping personal information out in the open and tracking your financial records in ord

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

Professional from academic institutions, pharmaceutical industries, health care indust

er to spot any discrepancies.

It’s also very important to report identity theft as soon as you have discovered it, for two reasons. The first reason is obviously t

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

stop the thief from doing to much damage while he has control over your personal information, with the second one being the fact that it’s a lot easier to track an

.

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

identity theft fraud when the trail is still “hot”. Knowing these things are guaranteed to protect you from being an identity theft victim and the whole issue shou

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

Companies that provide selfless information through particip

ld not be taken lightly, unless of course you fancy the idea of getting an arrest record because someone else was buying drugs with the help of your stolen identity

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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Workaholism and stress are taking a big toll on the business comunity with claims increasing each year. These issues presenting at the worklace have a tremendous impact on business, family and the community. Take it from one who knows.

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