Cases - Finance

The foreign exchange market is exploding! About two trillion dollars are being traded daily! and yet Americans are lagging far behind their international counterparts in entering this market. How

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

can this be? Americans have never taken the backseat to anyone in any financial market. Why is forex the exception?

Having lived my first 20 years in Greece and my last thirty in America, I believe

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

Examples of combination products may in

I can offer an educated guess. The American dollar has been the super colossus of currency. Americans never had to think in terms of their currency’s equivalence to any other currency. This kind

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

of “dollar isolationism” has made the American mind resistant to thinking in currency pairs, which is the heart of the forex market. How do we overcome this apparent handicap? education!

I am goin

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

to try to introduce the forex market concepts through a real life example. In 1955 My father and my uncle received $100 each from their aunt in Chicago. At the time one dollar was worth 15 Greek

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

Combination pro

rachmas. My father decided that his 100 USDs were not doing him any good in Greece so he exchanged them and got his 1500 DRMs. My uncle kept the 100USDs unchanged for a while. Then, one fine mornin

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

, Greece woke up to the news that the government had devalued the drachma. Instead of one USD being worth 15 DRMs, it was now worth 30!. My uncle was ecstatic. His dollars had doubled in value.

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

nstead of 1500 DRMs he could now get 3000 with his 100 USDs. My father was inconsolable. He had sold his 100 dollars and now had 1500 drachmas in the bank instead of 3,000 DRMs worth of USDs.

Thi

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

is the kind of exchange that make up the forex market. But you do need to learn the forex lingo in order to communicate and understand the forex world. Now let us apply forex lingo to our illustr

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

tion above. In this lingo, my father did not sell his 100 dollars to buy 1500 drachmas. What he did was: “he sold the USD/DRM currency pair”. When you “sell a pair” it means that you exchange the

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

irst member of the pair for the second. When you “buy a pair” it means that you exchange the second member of the pair for the first member of the pair. When you buy the pair USD/DRM You give up

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

Following aspects would a

your drachmas and hold dollars. That is what my uncle did. When you sell the USD/DRM pair you give up your dollars and hold drachmas, that is what my father did. The key to these transactions is t

dd to the challenges in developing combination products:

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

be positioned on the side of the member of the pair that will appreciate against the other member.

In order to illustrate and further practice the forex lingo of buying and selling a pair, lets a

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

ply it to buying a car. In forex lingo you cannot say that you bought a car for $10,000. In forex you first define the pair, in this case it would be dollars/car or USD/CAR. If you say that you boug

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

t the USD/CAR pair it would

mean that you exchanged the second part of the pair for the first. You gave up the car in order to get the dollars. That is what the car dealer did. If you say that you

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

old the USD/CAR pair it would mean that you exchanged the first part

of the pair for the second. That is what YOU did, you exchanged the first part of the pair “dollars”, in order to get the second,

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

Professional from academic institutions, pharmaceutical industries, health care indust

“car”. Moral of the story? Don’t get hung up on the terms buy and sell, look at the order of the pairs.

Another way to express the same thing in forex lingo is actually easier to grasp. You can sa

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

that when you bought the car, you went long on the CAR and short on the USD. The dealer went long on the USD and short on the CAR. Going long on one member of a pair means that you chose to positi

.

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

n yourself as holding that member. Conversely, going short on a member of a pair means that you positioned yourself with the opposite member.

If you like this kind of “from the ground up” approa

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

Companies that provide selfless information through particip

h to explaining forex markets, please stay tuned to this site. In the next article I submit, I will discuss some of the advantages of trading in forex and also some concepts like “pip” and “carry”

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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We are taught how to read and write, but not how to listen, here are 20 key tips for how to improve – see the benefits quickly if you put these into practice.

The lowest in the hierarchy of precious metal named credit cards, silver credit cards have been around since the conception of credit cards in the mid-1950s.

Basically there are two types of credit files. There is the personal credit file and then there is the business credit file.

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