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Wiki Articles - Einstein's Greatest Theory
We've all heard about Einstein and his mind shattering theories that changed forever the way
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
we look at the universe. One lesser-known caveat he spoke about applies particularly well in
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
the trading area. Don't worry, you won’t need to learn calculus here, but the theory is revel
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
nt to trading nonetheless. Einstein said that the definition of insanity is to try something
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
over and over again and expect a different result. Ok, obvious enough. But what do you do in
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
our trading? Do you repeat something over and over, expecting something different? Do you eve
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
n know if you’re repeating the same technique each time?
There's the rub. Few traders take t
There's the rub. Few traders take t
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
e time to analyze what they do and what the results are of each action. This is a key element
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
in your trading that you MUST do to survive long term.
So, here's what you should do to get
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
in touch with your insanity level.
1) You've heard that you should keep a record of each tra
1) You've heard that you should keep a record of each tra
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
de, but you must also keep a record of the reasons why you took the trade, what your thought
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
process was behind it.
2) Be honest and don't lie about what you did. (See my previous artic
2) Be honest and don't lie about what you did. (See my previous artic
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
e "The One Thing You Must Know Before Making a Trade")
3) List every trade, not just the win
3) List every trade, not just the win
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ning one's. List your emotional state each time. Try to determine if the trade was based on l
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
gic, or a result of an impulsive emotion (such as fear or greed).
4) Take the time to analyz
4) Take the time to analyz
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
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
e your log. Compare your trades to the strategy your using. Are you following your planned tr
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ding method? Do you impulsively deviate from the plan? If you do follow the Trading plan, and
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
it's not showing a profit, them it's time to change the system.
Sometimes we get involved i
Sometimes we get involved i
.
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
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
something and don't take the time to step back and see if it's the right path to take. Keepi
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ng a log and looking hard at your results will improve your trading results over the long run
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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