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Recently, our diligent lawmakers in the House passed a bill that would make gasoline price gouging a federal crime. I guess gouging the public with pork projects, bridges to nowhere, and subsidies to increase our daily costs is not high on their list

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

of atrocities against U.S. constituents, but intervening in free market forces in an attempt to artificially cap commodity prices is deemed as a worthy cause. I have a problem with this nonsense. I can think of very few times where the country actuall

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

Examples of combination products may in

y benefited from having the price of any particular good or service regulated by law, as opposed to free market capitalism. It is a complete affront to our way of life and what made this country competitive, as well as the world leader in business and

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

power.

Does price gouging even occur?

Following Katrina, there were a couple instances where a news helicopter was hovering over a gas station portraying gas prices that were significantly higher than the rest of the nation. This did occur on a spo

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

adic basis and what was the effect? It limited the demand and preserved supply for those who needed it. Imagine if gas continued to sell for $2.50 in Louisiana at that time. Since refineries, offshore platforms, infrastructure and the like were all da

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

Combination pro

maged, there was no replenishment any time soon. The supply of gasoline would have evaporated quickly and consumers would be left in the dark with no gas. By hiking the price of gasoline to $3.50 in the southern parts of the country, consumers bought

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

what they needed and conserved additional supplies for other consumers. This benefited more people in the end than having a couple folks guzzle up all the gasoline at once. This sounds a little simplified, but this is how supply and demand works on an

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

aggregate basis.

Is price gouging actually that bad?

No. This may shock some readers. But, based on the argument previously, gouging actually ensures available supply for more consumers. Here's a great example of the government gone wild in grabbin

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

a quick headline and punishing gouging that actually helped a lot of people:

Following Katrina, an enterprising man purchased several generators, threw them in a truck and drove several hundred miles to an area in Mississippi to sell them to citizen

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

s who needed generators. As FEMA was completely useless, this was literally the only way for people to get their hands on a generator since they immediately sold out from local stores. Since he invested his own money, had a rent a truck and invest his

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

own time and risk in not selling them all, he certainly deserved some premium on his investment, no? The people in need of power were glad to purchase his generators at a 100% markup, as he advocated. He did the area a true service in providing relie

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

Following aspects would a

f to those who would have paid much more. What did he get for his efforts? Jail. And the police confiscated his generators. Is this any different than a 10 year old selling cold sodas at the town parade for a buck each? Sure, it probably only cost 10

dd to the challenges in developing combination products:

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

ents a can in bulk, but I'd gladly pay a buck on a 100 degree day if the kid's walking by with a wagon.

This bill is silly for several reasons:

The law is only triggered if the president declares a national emergency. So, essentially, this won't hel

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

p out this summer under the current conditions.

The language is vague and lacks definition: "if operators take unfair advantage or charge unconscionably excessive prices"...this is just plain silly. A judge must decide whether charging $3.75 in one t

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

own is unconscionably excessive if a few towns over the price is $3.50? Nonsense.

The White House then threatened to veto the bill due to the potential to bring back the long gas lines reminiscent of the 1970s. So, the house knows the White House wil

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

l veto. What they're really trying to do is back Bush into a corner to veto so the Dems can say during election time that he vetoed a bill preventing price gouging (This isn't a political site, Republicans pull their share of similar nonsense as well,

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

Professional from academic institutions, pharmaceutical industries, health care indust

in all fairness).

If you ask any economist worth their salt what happens when you artificially cap the price of a good or service, they will remind you of these long gas lines. We could very well see them again if this nonsense is taken too far.

If

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

gas prices are artificially capped (artificially low), consumers will rush to get this deal and flood the gas stations to attain this good whose sale is mandated at below market values. Let the free market dictate prices and set the demand; you'll see

.

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

consumption decline (which might help out the environment a bit) and prices will fall back into place as supply catches up with demand.

People could go to jail for up to 10 years in prison and be fined up to $2million. I'm sure we can all think of v

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

Companies that provide selfless information through particip

iolent crimes committed against innocent citizens where no jail time was administered, corporate thefts of millions or dollars, etc. where no jail time was assessed. 10 years in prison for allowing the free market forces to reign is simply Un-American

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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With proper corporate event planning and the implementation of several tips, you can make your corporate trade show a successful venture that will draw in prospective clients and help you effectively market your product or servies.

In Part One, we covered the basics of searching on Google.com and in Part Two we moved into more advanced search techniques. In today's third installment we will peer into some ways of using Google you may have never thought of or knew existed.

This is an essay I wrote during my model toefl test. Question: Do you agree or disagree with the following statement? Getting good teachers is more fortunate than getting good parents. Use specific reasons and examples to support your answer. I will be uploading my other essays soon!

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