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Okay, You’ve entered what you think is a low risk trade, having deduced that this was the perfect time to go long. Your indicators all line up, and CNN reports good 1st quarter results

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

in the sector your trading. Now, you watch in utter dismay as it turns against you, hitting your mental stop, and you impulsively decide to ride it out, hoping (a traders worst enemy) it

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

Examples of combination products may in

will reverse and make it to at least break even. Inexorably, it continues to head down, and you finally get out, looking at another gut wrenching loss.

You’ve just become a victim to t

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

he most common pitfall that befalls the majority of traders. Listen, most people, when they get involved with trading, imagine some barefoot maverick making million dollar trades from hi

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

s dockside home on a laptop from a lawn chair, with a view of his yacht named ”Shorted Gold”. And most traders subconsciously behave like that’s the way to do it. In reality, most millio

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

Combination pro

n dollar trades are initiated by some MIT graduate math nerd, who talks to himself in a nondescript back room of a brokerage house, but no one can hear him over the racket the computers

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

make as they crank out Black-Scholes estimations with Brownian probability curves tweaked for each market sector…You get the drift.

You can’t succeed against this kind of competition by

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

letting your emotions get in the way. Most traders don’t get it. They flail around buying software programs, trading systems, stock market advisory newsletters and, you know, the thousa

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

nds of come on's sold on the internet and on the back of trading magazines. Let me tell you a secret none (I would capitalize this but they won’t let me do it on this site, so I’ll say

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

it again, none) of these sellers, Wall Streeters, or any broker will admit to. Are you ready? Come closer so you’ll hear this.

It’s not the Trading system that matters.

Hoof, you say.

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

I know it flies in the face of all the articles and advice you’ve read, but the most important piece of advice you’ll ever get, and don’t forget it’s from me, is to watch yourself, as yo

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

Following aspects would a

u do what your doing. Watch yourself as you trade, watch your emotions, and have the discipline to override any impulse to do anything other than your pre arranged plan.Do me a favor, be

dd to the challenges in developing combination products:

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

fore you do your next trade, do this one thing and I guarantee you will be grateful. Get yourself a couple small 4x6 or so cosmetic mirrors from the drugstore or from around the house. S

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

et them up in front up your computer in such a way as to see yourself as your watching your monitor, a side view. Now stay with me here, it sounds crazy…. before you click the next buy o

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

r sell, look at the mirror and ask these questions in the third person,

“Why is he buying (or selling) now? Answer out loud so you can hear it.

“On what factual basis is he basing his

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

decision on?” Again, out loud.

“Is he letting fear or hope alter his view on this trade? You have to answer this one out loud and truthfully.

“If it goes against him, at what point

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

Professional from academic institutions, pharmaceutical industries, health care indust

will he exit, and if it goes well, what is the profit exit? Ditto

You see the beauty in this? It helps you separate yourself from your emotions, so that you’ll never be hoping a trade w

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

ill go well, or be in a trade because you just had a loser and you’re trying to get even before the market closes.

Okay, I lied a little. Some systems are somewhat better than others, b

.

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

ut if you only do this one thing, watch your emotions as you trade, you will do ok. Without that no expensive software or newsletter is ever going to make any difference. What makes the

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

Companies that provide selfless information through particip

difference is you and your ability to control your emotions. You must first deal with the most difficult thing we all have to deal with, which alas, is what makes us all human after all.

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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