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Identity theft – also known as ID theft, identity fraud and ID fraud – describes a type of fraud where a criminal adopts someone else’s identity in order to profit illegally. It is o

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

ne of the fastest growing forms of fraud in many developed countries.

In the UK identity theft is increasing at the rate of 500% each year and, according to Which Magazine, 25% of 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

he population have either suffered from identity theft or know someone who has.

In the USA, a report issued by the Better Business Bureau revealed that, in 2004, over 9 million Amer

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

icans became victims of identity theft with the total sum defrauded being $52.6 billion.

With figures like this, it’s no surprise that there is a certain amount of concern regarding

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

computer and internet security. After all, the internet is basically a mechanism for exchanging information and the possibility that some of the information exchanged may be more th

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

Combination pro

n intended is never far from many internet user’s minds.

It’s easy to imagine criminal masterminds worldwide using the internet to hack into computers in order to gain access to inf

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

ormation with which to advance their devilishly cunning schemes. However, as revealed in the report, the facts of the matter are a little more down to earth and the internet, far fro

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

m making you more at risk to identity theft, can help to significantly cut your losses if you do fall victim this form of fraud.

According to the Better Business Bureau’s research t

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

he main methods by which criminals gain access to information used for identity theft fraud are as below:

Lost or stolen wallet, chequebook or credit card. 28.8%

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

li>Accessed as part of a transaction. 12.9%*

Accessed by friend, acquaintance or relative. 11.4%

Don't know, refused, no answer. 11.1%

Information

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

accessed by corrupt employee. 8.7%

Stolen paper mail or fraudulent change of address. 8.0%

Obtained some other way. 7.4%

Computer spyware. 5.2

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

Following aspects would a

Information stolen from garbage. 2.6%

Computer viruses and/or hackers. 2.2%

Emails sent by criminals posing as legitimate business. 1.7%

dd to the challenges in developing combination products:

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

* 12.9% due to transactions – 10.4% offline transactions, 2.5% online transactions.

In total, when the instances where information was accessed during transactions are subd

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

ivided into online and offline transactions, only 11.6% of the information used to carry out identity theft fraud was obtained from computers.

Of this more than half was obtained by

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

the use of spyware, viruses or hacking – the risk of which can be greatly reduced by installing the appropriate protection software and ensuring that this is kept up to date.

Not o

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

ly did the survey reveal that the internet was not a major source of illegally obtained personal information, but it was also found that those fraud victims who checked their financi

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

Professional from academic institutions, pharmaceutical industries, health care indust

al records using the internet, ATM machines or other electronic methods suffered financial losses which were, on average, 8 times lower than those of victims who used traditional pap

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

er statements to monitor their accounts. This very significant reduction was attributed to the rapid discovery of the fraud due to “real time” monitoring.

Of course, that’s not to s

.

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

ay that you shouldn’t exercise caution when using the internet or take care to protect the personal information which you may have stored on your PC. However, as long as you install

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

Companies that provide selfless information through particip

suitable virus, firewall and spyware protection, and keep this continually updated the internet can should be more of a help than a hindrance when it comes to avoiding identity fraud

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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