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In 1974, I found it difficult to teach elegant theories of economics in the university classroom, in the backdrop of a terrible famine in Bangladesh. Suddenly, I felt the emptiness of those theories in the face of

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

crushing hunger and poverty. I wanted to do something immediate to help people around me, even if it was just one human being, to get through another day with a little more ease.

Thus begins the story of Mohamma

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

Examples of combination products may in

Yunus, the 2006 winner of the Nobel Peace Prize. In his Nobel lecture (watch the video and read the transcript here), he tells his story of how he came to found Grameen Bank and pioneer micro-lending to the poor.

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

The prevailing assumption of bankers and capitalists at that time was that the poor were not a good credit risk. Over the last 30 years, the Grameen (meaning village) Bank has given out loans totalling $6 Billion

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

(US) to 7 million poor people, and the repayment rate has been 99%. Yunus proudly asserts that Grameen Bank routinely makes a profit, is self-reliant and has not accepted donor money since 1995. And, according to

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

Combination pro

an internal survey of borrowers, 58 per cent have crossed the poverty line.

These results have say something about who we are as human beings, and what is possible for humanity going forward. Mohammad Unus sees a

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

future where poverty only exists in museums! The path to get there lies, he sees, in questioning our assumptions about who we are as human beings and using free market principles to help the poor lift themselves f

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

om poverty.

I am in favor of strengthening the freedom of the market. At the same time, I am very unhappy about the conceptual restrictions imposed on the players in the market. This originates from the assumptio

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

that entrepreneurs are one-dimensional human beings, who are dedicated to one mission in their business lives - to maximize profit.

Human beings are a wonderful creation embodied with limitless human qualities a

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

nd capabilities. Our theoretical constructs should make room for the blossoming of those qualities, not assume them away.

By defining "entrepreneur" in a broader way we can change the character of capitalism radi

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

ally, and solve many of the unresolved social and economic problems within the scope of the free market.

In his speech, Mohammad Yunus introduces the concept of a social business, as a free market solution to end

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

Following aspects would a

poverty, and as a vehicle for young revolutionaries to change the world.

Young people all around the world, particularly in rich countries, will find the concept of social business very appealing since it will gi

dd to the challenges in developing combination products:

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

e them a challenge to make a difference by using their creative talent. Many young people today feel frustrated because they cannot see any worthy challenge, which excites them, within the present capitalist world

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

. Socialism gave them a dream to fight for. Young people dream about creating a perfect world of their own.

The FLOW Movement being started in Austin, Texas is forming an idealogical framework to provide a global

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

context for tomorrow's young revolutionaries. Michael Strong, Co-Founder of FLOW, sees how these new ideas about human potential, entrepreneurship and free markets can ignite a spark in University students, giving

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

them a viable way to literally change the world for the better.

Mohammad Yunus says that we have poverty, because we accept it as part of the human condition. Once we raise our standards and refuse to accept it,

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

Professional from academic institutions, pharmaceutical industries, health care indust

e will easily find creative solutions to eliminate it altogether. The human mind has incredible power to solve problems, but only the problems that we refuse to accept.

We create the world in accordance with our

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

mindset. We need to invent ways to change our perspective continually and reconfigure our mindset quickly as new knowledge emerges. We can reconfigure our world if we can reconfigure our mindset.

Could the way Mo

.

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

ammad Yunus thinks be a model for human beings going forward? Not what he thinks, but how. Could it be that the visionary mind of the future is one that evolves continually in ways that empower the individual to s

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

Companies that provide selfless information through particip

and for more, see more as possible and create more? How can we all come to live and think as visionaries? For visionaries who stand for all of humanity are the new revolutionaries; and they shall create our future

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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