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  • Social Articles - The Gasoline Boycott is Just Plain Silly

    Every once in a while, I get a chain email with something so silly in it that I don't know whether to laugh or cry. Years back, I had lengthy debates with people who swore that if you keep forwarding an email, Microsoft would pay you for every recipi
    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
    ent. This was just plain silly, but since the email said it was not a hoax, there was no listening to reason. Cell phones do not in fact blow up innocent gas pumpers; there has never been one documented case of such an explosion occurring while pumpi
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    g gas, yet the signs abound at gas stations and some lawmakers have actually proposed legislation to enact tough fines for such atrocities. The list goes on.

    Well, recently, we held the perennial gas boycott in the old U.S. of A. All this really doe
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    s is highlight the gullibility and general lack of understanding of one of the most basic tenants of supply and demand in our society. Americans do a pretty good job of embarrassing themselves on the world stage without having to add fuel to the fire
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    Don't get me wrong, this is undeniably the best country in the world to live in (Tony Blair hit the nail on the head when he said that a good measure of a country is how many people are trying to get in versus trying to get out; I don't see Hollywoo
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    actors flocking to France, they just like to bash the U.S. on their soil when there for the Cannes film festival), but we do a great job of making the general populous look pretty silly.

    Why is the boycott silly?
    First of all, the fact that we
    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
    can't just accept the supply/demand properties of perhaps the single most efficiently traded commodity in the world is just plain silly. Although people hate OPEC (who selfishly cheat on their output when oil prices rise, artificially lowering the p
    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
    ice again), hate big oil, and hate gas over 2 dollars, I don't see protests over bottled water which is routinely purchased for a higher price per unit volume. Water pumped out of a tap similar to what we have in our house and stuck in a bottle goes
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    or more than crude extracted half a world away, shipped, refined and dispensed. Incidentally, when politicians say we need to stop buying oil from the Middle East, they're silly too. Oil is traded in a highly efficient fashion. If we buy it from the
    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
    North Sea instead of the Saudis, the spot price of either contract remains unchanged due to the shear volume of trade, obscenely thin spread and insatiable demand. So, for once, let's stop being silly and focus on the real solution, REDUCING OUR CONS
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    MPTION! Ride a bike, sell your 13 mpg tank of a vehicle, don't live in the exurbs with a 50 mile commute. Until we change our fundamental behaviors, we will continue to demand gas at an obscene rate. And ethanol is not the answer, it is a complete ho
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    x (subject of a future post).

    Now for the economics:
    I'm not going to do this silliness justice with a detailed analysis and provide research and citations. Basically, the people gearing up for this brazen assault on big oil simply top off thei
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    r vehicles on May 14th or refill later in the week. On an aggregate basis, the consumption of gas in the U.S. remains unchanged since nobody actually changed their personal consumption during this particular week. It would be like your employer sayin
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    their going to reduce costs by withholding paychecks this week only to pay for two weeks pay next week (OK, if splitting hairs, for the cost of cash, they could make a few bucks on the float like banks do when they hold your money for days waiting f
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    r a check to clear, but anyway...).

    Here are some other considerations:
    Most of the world pays more for gas than we do. We have a weak dollar. In dollar terms, gas is still extremely cheap here in the U.S. While we have seen the dollar weaken a
    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
    gainst foreign currencies and enjoyed the benefits of low interest rates (mortgages at 5%!), multinational earnings benefits (and hence a strong U.S. stock market) and the like, we fuss over a rise in our gas price. In terms of the EURO, they're real
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    y hurting at the pump. Over the past several years, in terms of what we pay for gas with U.S. dollars, it just ain't that bad.

    So, bottom line is: It is a worthy cause to try and decrease our gas consumption, but as we enter a new campaign of ridicu
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ous debates, make sure to scrutinize the candidate statements on "decreasing our dependence on foreign oil", "ethanol is the answer" and "renewable energy sources". I don't hear them talk much about changing our behaviors. That doesn't win the vote.
    .

    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
    Telling the public that subsidies to corn farmers is essentially forcing up the cost of food for all U.S. consumers (outweighing the benefit to a few farmers), that Brazil has already depleted a sizable portion of the Amazon rain forest in their thir
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    t for ethanol/biodiesel and that food prices have risen dramatically worldwide since we started consuming ethanol (notice how much you're paying for milk from those corn-fed cows lately?) would be too honest.

    Until next May's boycott, enjoy your gas


    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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