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Winning market timers have learned to control their impulses. They can follow buy and sell market timing signals effortlessly. They show extreme self-control.

Rather than give into their urges,

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

they stick with their timing strategy knowing there will be days when they are in the red, but that over time they will be profitable and also (importantly), they will never suffer huge losses.

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

Examples of combination products may in

Depending on your personality, you may have difficulty controlling your impulses. But whether you find discipline easy to control or difficult, there is much that can be done to ensure you foll

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

w your timing strategy.

Regret Comes Later

The most common way market timers act impulsively is by abandoning their timing strategy.

Once you decide to follow a specific timing strategy, it i

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

vital to follow it. But this can be difficult to do. Even though we have years of experience here at FibTimer, that does not mean we do not have the urge to change a trade.

Those years of expe

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

Combination pro

ience have not dulled our emotions, but they have taught us to stick with our timing strategy. Like anyone else, we learned the hard way. We exited strategies with the best of intentions and wit

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

great conviction. We also lost money almost every time.

It seems easy when you first start following a strategy, but while in the midst of a bullish or bearish position, it can be hard to stay

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

with it.

At any given point, you may look at the market action and think, "there's no way this trade can work."

If you are an extremely seasoned timer, you have the experience and judgment to

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

tay with the strategy. Novice market timers, in contrast, tend to abandon their plan prematurely, and regret it later when they find that had they been able to stick it out a little longer, they

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

would have made a greater profit, or avoided a huge loss.

It may be hard, but novice market timers must fight the impulse to exit a position prematurely.

The Big Picture

The first step to gai

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

ing impulse control is to identify the "reasons" you want to control your impulses... in other words, the downside of abandoning the timing strategy.

The obvious reason market timers desire to

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

Following aspects would a

stay with a strategy is to maximize profits. The profits on winning trades must compensate for losses on losing trades.

Following a well-defined timing strategy usually insures profitability ov

dd to the challenges in developing combination products:

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

rall. You will have an easier time sticking with your plan if you frequently remind yourself that in the big picture, following the strategy is the key to profitability.

You may even want to wr

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

te it down on a post-it note and stick it on your screen, so that while you are struggling to fight an impulse, you'll remember why you are doing it: The more discipline and self-control you ach

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

eve, the more profitability you'll achieve in the long run.

Fear And Greed

Many times impulses are difficult to control because of emotional states.

The emotions of fear and greed are the two

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

most compelling urges that trick market timers into abandoning a perfectly good timing strategy. Exiting a timing strategy may give you a good feeling for a day or two, but you will have joined

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

Professional from academic institutions, pharmaceutical industries, health care indust

he "herd," of millions of investors. And overall, the herd loses money.

By self-monitoring your emotions, you can identify how they lead to impulsive decisions. By identifying how fear and frus

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

ration precede impulsive decisions, you can control these emotions and remain disciplined.

It takes time to control emotions. Don't give up. Staying with a timing strategy through a difficult p

.

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

riod, and then realizing you have not only beaten the market, but also your own emotions, is very rewarding.

Staying with a timing strategy for several years, and looking back at the huge up an

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

Companies that provide selfless information through particip

down market swings caused by the emotions of investors (the herd) and realizing that you not only avoided them, but steadily achieved a profit when most have lost money, is incredibly rewarding

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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