Business Dump - Travel and Leisure

Well, here you are, planning your world trip. What else should you consider besides what was discussed last week? We talked about real estate: renting, leaving your home unoccupied, or selling your home and handling the storage of your possessions. Here are a few more p

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

oints for consideration:

PASSPORTS, VISAS, MAIL, BANKING

Passport
Make sure your passport expiry date extends at least six months after your planned trip return. Check with the last countries on your itinerary for their requirements. Some countries may not allow e

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

Examples of combination products may in

ntry if you have less than three months time left on your passport.

Visas, and I do not mean your credit card, are required for some countries. These formal documents give you permission to enter a country. There are many different types of visas; tourist visas usually

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

are for limited periods of tourist travel. Many countries have reciprocal agreements set up for travel between the two countries. Check on the internet for each country you wish to visit for their requirements. Visa costs vary from country to country. For example, citize

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 of Canada and the United States need a visa for Brazil. It must be used within ninety days of issue and is good for five years. In theory this visa takes five days to process, but allow around a month. Visa processing companies can assist, for a fee.

Mail
If you

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

Combination pro

are planning on extensive travel and are vacating your regular accommodation, rent a post office box so your mail can be sent to a safe, independent location. Prices vary; a small size costs from $72.00 US from the US Postal Service and $118.00 from Canada Post per year.

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

There are private services available also in most medium to large size cities. Rent your post box several months in advance. As mail arrives at your current address, change it to your new post box address and keep track to ensure the new information is activated. As it

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

is easy to overlook important documentation that is mailed irregularly, be especially aware of insurance documents, government income tax correspondence, property tax, investment and pension information. If you settle down at one spot for a month or so, you can have you

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

mail forwarded to you. My post office charges $10.00 for mail forwarded two times a month, plus postage. It is possible to reduce your mail considerably by receiving bills on-line. Instruct your post-box provider not to send weekly grocery flyers or junk mail.

Banking<

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

br> Open an account at an international bank. While quite a decision for some people with long-term banking relationships, it does make sense. You may have an excellent relationship with Lower Elkjaw Community Bank, but, think about it: you are not in Kansas anymore. Us

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

e your Internet search engine to find large international banks. Check online to see if the bank has branches in the countries you are planning to visit this trip and for future travels. Discuss your plans with potential banks and determine if their services will meet yo

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

Following aspects would a

ur needs. If possible, have a person designated to handle any problems that may arise.

While some might argue this is unnecessary in this on-line world, having an international bank can provide extensive benefits. For example, if you are in a third world country you can

dd to the challenges in developing combination products:

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

speak with bank representatives in the local branch of the country about your account, rather than attempting to contact your bank by telephone during different time zones, or have another bank intervene on your behalf, at a cost. If you are a bank customer rather than a

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

third-party bank affiliate, chances are you will receive more assistance. Internal communication with the foreign bank branch and your local branch should be simplified.

If you plan to stay in one country for a few months, or work around the world, having an internatio

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

nal bank makes even more sense. Check requirements for opening a local account in your destination country with your international bank. For example, you might need a police report from your country or letters from your home branch. This can be done at home before you le

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

ave and will allow you to access your money in the local currency when you get there. Plan, plan, plan.

“Banking relationships” can have benefits. The relationships are a euphemistic way of saying that you move some or all of your assets such as registered pensions plan

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

Professional from academic institutions, pharmaceutical industries, health care indust

, term deposits or other investments to your new bank. If you have a significant financial relationship with your international bank, you are assigned a personal banker and have direct access to management personnel around the world.

Automate your monthly deposits and p

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

ayments. You will not have to deal with time zones and possible lack of internet connectivity over month end. You can also activate an on-line brokerage account if you are an active trader. Again, get your systems running smoothly well before you leave. You can always ke

.

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

ep your current bank account as well.

Obtain credit cards and establish a line of credit, secured, or unsecured, which you can draw on for emergencies. This way you do not need to load your credit card with cash if you are off to a faraway country where cash is king. It

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

Companies that provide selfless information through particip

is an excellent idea to establish your lines of credit while you are still working. Also have credit cards with the two major providers, so if one is not working you still have options.

Mahara Sinclaire, M.Ed.
© Mahara Sinclaire, 2007
mahara@laughingboomer.co

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.businessdump.org.ua/article/322586/businessdump-Take-A-Year-Off-And-Go-For-A-Spin-Around-The-World--Part-2.html">Take A Year Off And Go For A Spin Around The World - Part 2</a>

BB link (for phorums):
[url=http://www.businessdump.org.ua/article/322586/businessdump-Take-A-Year-Off-And-Go-For-A-Spin-Around-The-World--Part-2.html]Take A Year Off And Go For A Spin Around The World - Part 2[/url]

Are you out there cutting your way thru the network marketing jungle, or just hacking away with a dull axe? Give yourself, and your axe, a new edge...an edge-ucation, that is.

When it comes to the mandatory car insurance categories, people in Charlotte often settle for the minimum amount necessary to satisfy the legal requirements of driving a car in North Carolina.

These are 5 important secrets that will help your real estate investing business build a strong foundation. These ideas apply to almost any business and may seem simple, but are very powerful.

Tags

Links

Business Dump - Take A Year Off And Go For A Spin Around The World - Part 2

Related Articles: