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FICO Scores were developed by Fairlsaac Corporation. Fairlsaac is a leader in the credit-management arena. Their development has be

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

come an industry standard for determining an individual’s credit worthiness. The score is determined by payment history, credit hist

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

Examples of combination products may in

ry, which includes how many credit inquires have been made on you over a period of time, how much credit you have actually used and w

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

at kind of credit you are using.

The score grades your history. It provides a snapshot of how you make your payments. If you make

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

your payments timely, you will have a low credit risk score. The FICO score shows on credit reports. If you score is lower than 500

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

Combination pro

you pay a premium to obtain a mortgage. If your score is above 700, you can obtain better interest rates.

Ways to increase your sc

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

re are:

1. Pay your bills on time. Late payments reflect negatively on your score.

2. Pay your medical bills. If you account is 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

urned over to a collection agency, this will have a negative impact on your score.

3. Pay your school loans. In addition to reflect

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

ng negatively on your score, the government will find you and force you to pay this obligation.

4. Since the number of inquires impa

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

ts your score, less is better. The assumption is that more inquires indicate you have been turned down for credit.

You can obtain y

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

ur credit report yearly from each of the three major credit reporting agencies. Federal law makes this possible. The report will la

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

Following aspects would a

y out your credit history for you to review. Correct all errors. When you find an error, notify the creditor and all three reportin

dd to the challenges in developing combination products:

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

agencies. The credit must send a letter for the mistake to be rectified. You need to stay on top of this process. Finding adverse

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

credit issues when you actually need to obtain credit will hinder your ability to obtain financing.

Mortgage lenders look for at lea

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

st three open credit accounts older than a year. Maintaining long term accounts will help you immensely. Pay your bills on time. P

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

y high credit card debt and pay off interest loans first. Don’t use your credit card to its limit.

You can seek a pre-qualified loa

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

Professional from academic institutions, pharmaceutical industries, health care indust

for a mortgage before you seek housing. This process is usually verbal and often free of charge. Once you have a pre-approved mortg

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

age, you can complete and application easily. This is a legal loan agreement which should expedite the closing on your home. Of the

.

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

two – pre-approval and pre-qualified, the best is pre-approved. This approval gives you an idea of your buying power and determines

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

Companies that provide selfless information through particip

hat you can actually afford.

Your Real Estate agent can guide you in the right direction to start your process of applying for loans

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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