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Just about everybody has heard of identity theft, but most people do not believe it could ever happen to them. The fact is, identity theft is more common than most believe. It's not hard for ident

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

ity thieves to obtain all of the information they need in order to assume another person's identity, but it can be made a whole lot harder for them if people remain smart and protect themselves 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

completely as possible.

When it Happens…

If a person becomes a victim of identity theft, it can take a long time - possibly years - to recover from it. It can also cost the victim thousan

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

ds of dollars as well as ruin their credit score. Usually, it's nearly impossible to recover from identity theft in a quick manner because many things have to be resolved before forgiveness will b

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

given by the three major credit reporting companies in the United States.

If identity theft does happen, the person who is the victim will probably experience problems obtaining any sort of fina

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

Combination pro

ncing (mortgage, car loan, student loan, credit cards, etc…). And, the worst thing that can happen is that the victim of identity theft can even get arrested for crimes he or she did not commit.

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

ll of the results of being a victim of identity theft are not fair, and are very difficult to resolve. Being a victim can be a real headache and can basically interrupt or stall an innocent person

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

's life for several years. So, the best possible thing is to do is to try and do anything and everything to prevent becoming a victim in the first place.

Protect Personal Information

The

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

asiest way for identity thieves can assume another person's identity is to obtain personal information from a potential victim and use that information to fill out loan or credit card applications

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

.

While most victims do not offer thieves their personal information, they are not aware that their information is contained on many documents that they have not disposed of properly. For example

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

thieves have been known to go through people's trash cans looking for personal information. When papers are thrown away without being shredded, thieves can retrieve the information and use it.

T

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

Following aspects would a

hieves are also known to go through people's mailboxes to obtain in-coming letters from banks and/or credit card applications and use the data from these various pieces of mail to apply for loans

dd to the challenges in developing combination products:

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

r credit with the stolen information.

In-coming mail is not the only source of mail-related information that thieves can acquire. Out-going mail that is placed in a person's mailbox for the mailm

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

an to pick up and take to the post office is a great source of information for thieves. When a flag is placed in the upright position on a mailbox to indicate that letters are inside waiting to be

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

mailed, it's like a signal to thieves that they should come on over and steal it. Therefore, letters should always be mailed in a post office mailbox instead of a personal/home mailbox.

Other

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

Ways to Prevent Identity Theft

It's not difficult to perform some easy steps to prevent being a victim of identity theft. In addition to properly disposing of paper containing personal inform

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

Professional from academic institutions, pharmaceutical industries, health care indust

tion and mailing letters at the post office, following are some additional tips:

• Always destroy receipts, credit card applications, tax information, canceled checks, and mortgage information be

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

fore throwing it away. This means completely shredding it or even burning it before it reaches the trash can.

• Even if a credit card is expired, cut it into tiny little pieces before throwing it

.

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

away. Some people throw half of the tiny pieces into one trash bag and half into another trash bag.

• Report stolen credit cards immediately to credit card companies. Don't wait an entire day… do

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

Companies that provide selfless information through particip

it the minute they're discovered to be missing.

• Monitor credit reports on a regular basis, and watch for anything suspicious. If anything out of the ordinary appears, investigate it right away

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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