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  • Top Articles - Are You Really Safe From Identity Theft?

    Can you imagine how it must feel to be arrested for a crime you didn't commit? What would it feel like to receive a phone call from the credit card company demanding payment of your outstanding balance, when yo
    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
    u know you didn't use your credit card at all in the last month? If you become a victim of identity theft, you may just get to learn for yourself how it would feel.

    Some people have described identity theft as
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    the perfect crime, because potentially every single person can be a victim. There are already millions of victims being discovered every year, and the sooner you start taking steps to stop it happening to you,
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    the better. Don't take the risk of thinking it will be okay - once your identity is stolen, it can take years to get your life back on track again.

    Identity theft occurs when someone uses your personal informa
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    ion to represent themselves as you. The usual reason for stealing your identity is fraud, or occasionally for other criminal activities. Once the criminal has personal information such as your full name, date
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    f birth, passport, license number, social security number and bank information, that information will be used for the criminal's financial gain. He might pretend to be you and apply for a loan or credit card, p
    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
    urchase goods and services, or on a more basic level, drain your bank accounts.

    In more extreme cases, the thief can also falsely claim pensions, education assistance or medical benefits, using forged birth or
    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
    mmigration documents. The agency receiving the documents believes them to be true, and authorizes the payments.

    Identity theft is rapidly increasing, mainly because it's so difficult to find the criminals once
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    they choose to disappear. Because all their dealings have been conducted under your name, they essentially remain anonymous. So as far as anyone else is concerned, the criminal's dealings appear to have been
    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
    onducted by you. This can have serious repercussions, particularly if your identity is used in major criminal activities such as terrorism acts or drug trafficking.

    There's no standard profile of a victim, as
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    dentity theft has happened to people in all age groups and all walks of life. However if there is a preferred victim profile, it's someone of average age, average income, with a good credit history. Unfortunat
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    ely that description applies to a lot of people, which is one of the reasons identity theft is increasing.

    It's not just individuals who can be victims of identity theft - businesses and financial institutions
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    an also suffer. The criminal may steal the identity of a top executive from a business, then proceed to make huge withdrawals from company accounts, or agree to deals or loans worth millions on behalf of the co
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    mpany - only to steal the proceeds and walk away. This type of activity can ruin a business financially in a very short period of time, let alone the damage done to the credibility and reputation of the busines
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    , which can be almost impossible to repair.

    With the increase of electronic data storage and internet access, identity theft has become a great deal simpler for those with computer hacking skills. Once the inf
    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
    rmation has been stolen, identification documents can be forged, and the crimes can begin.

    You will never be able to completely eliminate the risk of identity theft, but there are a number of things you can do
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    to make yourself less attractive as a victim.

    - always be cautious about giving over personal information such as your social security number

    - destroy old credit card or bank statements - preferably burn or s
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    red them

    - never write anything other than your name and address on checks

    - avoid carrying cards you don't need - only keep essential cards and information in your wallet - regularly review your credit repor
    .

    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
    t for unauthorized loan applications

    - never reveal personal information over the phone, unless you have rung the company in question yourself

    - clear your mailbox promptly, or have your mail sent to a post of
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    ice box

    The more you do to protect yourself, the lower your risk of becoming a victim of identity theft. Remember, your personal information is valuable, so treat it the same way you treat other valuable items


    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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