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Useful Articles - How to Speak To Aging Parents About Their Future
Speaking to aging parents about their future, is really a conversation about mortality, and that is not an easy conversati
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
on to undertake at any age. The top 7 things to consider when speaking to an elderly person about their future are
1. Wha
1. Wha
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
should happen in the event the person cannot make decisions about their own life? Do they want to be kept on life support
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
Who is in charge of making the decision to end life sustaining equipment? Somebody must assume the power of attorney. Thi
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
decision should be made while the person is of sound mind, and hopefully left to somebody who is also of sound mind. Put
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
he decision in writing, and have it notarized.
2. Is there a will? Who is the designated executor of the will. This is di
2. Is there a will? Who is the designated executor of the will. This is di
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
ferent from who is the beneficiary of the will. The executor of the will is the person who is in charge of distributing th
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
assets of the will, and assures that assets are distributed legally correct.
3. What are the financial resources availab
3. What are the financial resources availab
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
e to care for the future of an aging person? This will determine housing and medical options in the event, the parent need
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
assisted living care. Medicare benefits need to be considered. Veterans programs and entitlements need to be evaluated. H
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
w much money does the parent have to make it through their life? If there are inadequate resources, what arrangements will
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
be made. If there is plenty of money and available resources, would a living trust make sense, so that money can be left
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
o heirs? A living trust can be beneficial, so that resources can be distributed to heirs without being wiped out by medica
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
costs.
4. Where does the person want to be buried? Do they want to be buried or would they prefer cremation? What does t
4. Where does the person want to be buried? Do they want to be buried or would they prefer cremation? What does t
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
e person want to have happen to their remains? Having recently had this conversation with my Dad, I can tell you this is n
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
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
t an easy conversation.
5. Does the person want to have an autopsy? Do they want to donate portions of their body to scie
5. Does the person want to have an autopsy? Do they want to donate portions of their body to scie
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ce?
6. Where is all the necessary paperwork? Where is the will? Financial papers? Necessary documents?
7. What are the m
6. Where is all the necessary paperwork? Where is the will? Financial papers? Necessary documents?
7. What are the m
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
dical resources available? Who is the primary care physician?
Overall in planning the future of aging parents, know the a
Overall in planning the future of aging parents, know the a
.
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
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
ailable resources, and know where important papers are kept. Understand who should be contacted in an emergency. Getting a
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
much information in writing will prevent problems down the road, in the event the parent is unable to care for themselves
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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