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"Gimme! Gimme!" says little Madison for a new toy. "Oh, no, not again!" says Mom. (This can be sooooooo frustrating!)

Kids want it NOW! Are YOU teaching them about instant gratification OR to us

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

e money wisely? You are their most influential teacher. If you teach Madison about being responsible with money at an early age, she will grow up "just knowing" how to use her income wisely...she

; 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 already be a Prosperity Thinker. OR you can just send her out into the world and let the wolves take advantage of her. It is you job to teach your children to handle matters for themselves.

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

Someday they might be taking care of you!

Young Children Here's an idea we use in our program to teach young children about money, starting at age 3. This is a 3 Step Process t

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

at helps kids begin to understand the concept of obtaining money from working, doing chores (not getting free allowances), then how to spend it, by using three envelopes labeled:

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

Combination pro
Giving - teaches about sharing; and that "giving is receiving" because we feel good doing it!
Savings - teaches about patience and using cash instead of credit.<

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

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Spending - teaches a child how to plan their money, make wise choices, have priorities, and be financially responsible.

At this age, we recommend that parents do

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

't lend their children money...give it to them or have them save for what they want. Did you know...the fastest growing group of bankruptcy filers are people under 25 years old? Don't let your ch

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

ild become a statistic.

Teenage Children Got teenagers? Then it is time to up the stakes and take it to the next level.

1. Earning - jobs need to be done arou

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

d the house and other jobs are extra tasks that can help them earn extra money. Room and board first, then they start earning.

2. Saving - you must start the foundation of setti

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

g back money in savings to build security and independence. Cash is king and always will be.

3. Spending - giving greater freedom in choices while still in the safety of the hom

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

Following aspects would a

e will help teenagers make mistakes that they can recover from. Not all decisions are good or bad, but they all have a price. And now is the time to learn.

4. Planning- by this

dd to the challenges in developing combination products:

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

ime a teenager can start planning in advance for larger items that require more than one pay cycle of earnings. Without wiping out their savings.

5. Barging hunting- the best wa

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

y to make money is to save money on the things you need. Shopping around or buying used and using coupons teaches a child to get the most out of their hard earned money.

6. Lending
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
g> - Now might be the time to let you child take out a loan with you to make a major purchase. Set up a payment plan and stick to it. Their must be a penalty for not paying on time and a cost for
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
borrowing the money. Also point out several months later where that major purchase wound up, either being used or in the trash to teach about the downside to impulse buying.

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

Professional from academic institutions, pharmaceutical industries, health care indust
n Learning Have some fun when you go to a restaurant; determine the total cost of a meal then have your child "budget" for their entr?e, drink and dessert. Give them the cash. Whatever
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
hey don't spend (i.e.; drinking water instead of pop) they get to keep. And they do have to eat healthy!

401 (k) Match for children Show you kids the power of saving money with
.

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
some sort of matching funds game. If they save over $100.00 in two months you will put in up to $100.00 as a bonus. This empowers children to learn the value of money making money and supports a
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip
wise savings plan.

I invite you today to change your mind, change your finances, and then change your life and the lives of your children to live MORE financially free with chronic peace of mind

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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