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Identity theft (ID theft or identity fraud) is the deliberate appropriation of an individual's personal information to impersonate

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

that person in a legal sense. Stealing someone's identity enables the thief to make a frightening number of financial and personal

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

Examples of combination products may in

transactions in someone else's name, leaving the victim responsible for what might turn out to be a mind-boggling turmoil in his or

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

her life. The Federal Trade Commission (FTC) keeps records on identity theft, and, not surprisingly, the number of incidents report

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

ed increase each year. The recent identity theft statistics reveal that ID theft affects as many as ten million Americans each year

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

Combination pro

! According to FTC's identity theft statistics, the losses to businesses and financial institutions total nearly 53 billion dollars

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

annually.

These identity theft statistics further reveal that the most common types of ID thefts are credit card frauds, communica

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

tions services fraud (such as opening a cell phone or a utility services account using someone else's information), bank fraud and

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

loan fraud. For years, the primary cause of identity theft has been good old-fashioned or low-tech analog crime. Impersonators rumm

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

ging though mailboxes, snatching purses or searching the garbage for discarded bank statements or credit card receipts. Rapid advan

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

ces in technology have seen a plague of sophisticated phishing attacks. Identity theft statistics expose phishing as the most dange

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

Following aspects would a

rous of all ID thefts that uses both social engineering and technical subterfuge.

Phishing can have serious financial consequences

dd to the challenges in developing combination products:

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

In a phishing attack, the victim is sent an email that "appears" to be from a bank or other financial institution. The victim is t

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

hen told to click a link and verify his/her account information or supply personal identity data. The link appears to be a legitima

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

te site, but is in fact a scam. The moment he/she enters sensitive data, the identity thief gains access to account information and

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

can empty the bank account. Phishers can also take out credit cards in the victim's name, steal ISP account information and do othe

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

Professional from academic institutions, pharmaceutical industries, health care indust

r financial damage. In its latest report on identity theft statistics, the research group Gartner says that close to 60 million Ame

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

ricans reported receiving a phishing email, and 1.7 million people have been victims of identity theft, which cost banks and credit

.

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

card companies $1.2 billion in losses.

You must take steps to protect your account information, social security numbers, passwords

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

Companies that provide selfless information through particip

, etc. Now. Always memorize and shred important documents that you are discarding. Don't simply throw these types of documents 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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