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Q. Should the Government be concerned if the CPI rises to 5%?

The Govt set the MPC a target for CPI of 2% +/-1 therefore it believes inflation higher than 3% is

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

potentially damaging for the economy.

It depends on inflation in other countries. If inflation in the UK is higher than elsewhere then UK goods will become uncom

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

Examples of combination products may in

petitive leading to a fall in demand for UK exports.

If there is a fall in demand for Exports then there may be a deficit on the current account Balance of Payme

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

nts. However this may be offset by a devaluation that is likely to occur

However if inflation is high there will be a devaluation of the exchange rate, This is s

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

omething the govt wishes to avoid as it creates uncertainty amongst business.

Higher rates of inflation may cause menu costs, which means firms have to change pr

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

Combination pro

ce lists quite often. However this is not that significant when inflation is only 5%.

If inflation is caused by unsustainable economic growth then the boom may b

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

e followed by a recession . To keep inflation within target the Bank of England will have to increase interest rates, this causes problems because AD will fall ca

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

using lower growth.

Higher rates of inflation are disliked by business because it makes it more difficult to predict future costs. Therefore investment will be l

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

ower, Countries with lower inflation rates generally have poorer economic growth.

A high rate of inflation would make it more difficult to join the EURO, because

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 would breach the Maastricht criteria. If inflation in the UK was higher than Europe a single Monetary policy would be ineffective for the UK

If the inflation

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

was world wide caused by an increase in the oil price, it may be necessary to revise the inflation target of 2.5% . The UK would not lose its competitive advantag

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

Following aspects would a

e because every country would have higher inflation. TO reduce inflation would cause stagflation (lower growth and lower prices)

Inflation may cause redistributi

dd to the challenges in developing combination products:

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

on of income from savers to borrowers, although this will depend upon the rate of interest. E.g. if interest rate were 8% savers would still have a real interest

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

rate of 3% It depends on whether wages are keeping up with inflation. If wages were only increasing by 4% then real wages would be falling.

Should the govt be

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

concerned with inflation falling below 2%?

If prices are falling because AS shifts to the right because of new technology, this is beneficial for the economy, be

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

ause growth is increasing and jobs being created

If deflation is cause by falling AD then this is serious economic problem because it indicates a recession with

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

Professional from academic institutions, pharmaceutical industries, health care indust

problems such as unemployment, lower output and a negative multiplier effect

Deflation can cause problems for the economy. It means that those who have debts wil

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

l see the real value of debts increase, this will lead to lower consumer confidence and possibly lower AD and economic growth

Deflation makes monetary policy ine

.

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

ffective. This is because interest rates cannot be reduced below 0%.

Compan

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

Companies that provide selfless information through particip

ies cannot alter real wages easily because workers are very resistant to any cut in nominal wage wages.

It is more difficult to set prices when there is deflatio

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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