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Will I rent or own? That is a question that is asked every day by many people that are thinking about st

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

riking out on their own and getting a place for themselves. There are so many options that it can be dif

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

Examples of combination products may in

ficult to know if you should pay a monthly fee and rent from someone or if you should buy your own place

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

and have something like that for the long run. This article will touch on just a few of the reasons that

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

they both have for being beneficial in their own way.

I know that when I was young and I moved away fr

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

Combination pro

m my parents house and got married that we rented a few places before we were able to move into a home.

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

It was not so bad renting, although at the time we weren't building up any equity into something long la

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

sting we were still able to make our bills and have something left over at the end of the month. We also

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

didn't have the maintenance and upkeep that is necessary when you own your own home, so that was a defin

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

ite plus. I have since remarried and I now own a home. It's great to see that the equity is building and

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

that, if necessary, I can cash out and walk away with a nice chunk of change in my pocket, this would ne

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

Following aspects would a

ver happen if I were still renting. Like I said, however, there is the maintenance and upkeep of owning

dd to the challenges in developing combination products:

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

your own home. For example, a couple of months ago our AC unit broke down and it needed replaced. It cos

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

s a couple thousand dollars to replace it and that was something that if we were renting would have been

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

taken care of by the owner. There are many example like this, even down to things like painting and law

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

maintenance.

There certainly are a lot of things to consider when you are deciding to rent or to own y

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

Professional from academic institutions, pharmaceutical industries, health care indust

our own place, but it all boils down to what you are able to do, and what your future goals are. If you

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

enjoy moving from place to place and not really being tied down then renting will probably work well for

.

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

you, but if you like the security of knowing that you can do anything to your place that you want in the

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

Companies that provide selfless information through particip

way of improvements, and if you are handy, then owning your own place is something you should look into

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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