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There is much debate surrounding college student credit cards. Some swear up and down that they're a disaster waiting to happen

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

while others vehemently object and insist they are a must-have financial tool for college students. Which side is right?

When

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

Examples of combination products may in

deciding whether college student credit cards are good or bad, you need to weigh the facts. These three truths will help you co

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

e to your own conclusion.

1. Aggressive Marketing

College student credit cards have gotten a bad rap when it comes to their m

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

rketing tactics -- and some would say that it's for good reason. You can't hit a single college campus without coming across at

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

Combination pro

least one application for college student credit cards.

That being said, while the applications are definitely readily availab

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

le (to put it lightly), no one is forcing college students to sign the application. It's the responsibility of a parent to inst

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

uct their children on wise financial decisions.

The credit card companies are marketing their product -- that's what they do.

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

arents need to do their part and make sure that they instruct their children in the ways of the credit world.

2. They've Got t

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

Grow Up Sometime

Everyone has to grow up sooner or later and college student credit cards can provide some priceless lessons

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

n the world of adult finance. For the first time, college students can be responsible for their own spending and their own mont

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

Following aspects would a

hly bills.

Yes, college student credit cards can provide the potential for disaster (but so can a number of situations that st

dd to the challenges in developing combination products:

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

dents encounter in college). Just because student credit cards have the potential to be misused, it doesn't mean that they will

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

be. Have some faith in today's college students!

3. Paving the Way

Once a college student graduates, they're going to need so

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

e things (a place to live and a car to name a few) and they're going to need credit to get the things they need. If they don't

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

tart building their credit history in college, when are they supposed to do it?

If a college student wants to be completely pr

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

Professional from academic institutions, pharmaceutical industries, health care indust

epared when they graduate, they're going to need to work on building a solid credit history while they're in school. College st

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

dent credit cards can be the means to that end.

If you know a college student (or are a college student) who has been debating

.

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

about whether college student credit cards are good or bad, consider the above three facts and remember, it's not college stude

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

Companies that provide selfless information through particip

t credit cards themselves that are good are bad -- it is who is using them and how they are being used that make the difference

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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