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Once you have made the decision to invest in your family’s future by banking your baby’s umbilical cord blood, begin the search for the right cord blood bank. There are numerous cord blood banks all o

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

ver the country that serve as storage facilities for this crucial item, so make your decision carefully. Many parents find this search daunting, simply due to the sheer number of facilities available.

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

Examples of combination products may in

To avoid picking a cord blood bank that may not meet your wants and needs, the informative Web site Should You Bank Cord Blood recommend

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 that you consider the following factors when making your decision.

Price: This is a main concern to most parents, since it is not cheap to bank cord blood. However, many cord blood banks have spec

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

als depending on the need of the child or the family, so be sure to do your homework before you decide. Most cord blood banks offer dramatically reduced rates—or even free storage—if your new baby or

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

Combination pro

another child is thought to need a transplant immediately. Otherwise, the best way to determine price is to contact private cord blood banks to determine if their rates are within your budget. Keep i

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

n mind that cord blood storage acts as an insurance policy for your family, so consider any other factors before immediately determining not to store your child’s cord blood simply because of price. S

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

ome company’s, such as Viacord, regularly offer coupons both online and at doctors’ offices, and many cord blood banks can provide payment plans as well.

Location: There are private cord blood banks

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

ll over the country, so you are sure to find one near your home. Furthermore, many hospitals work in cooperation with private cord blood banks, especially those that specialize in birthing babies, so

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

ask your doctor, nurse, or midwife about this option. Once you have identified a private cord blood bank in your area, make an appointment to visit and discuss your options with the bank’s professiona

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

l staff. These trained and knowledgeable individuals will be able to answer any and all questions regarding cord blood storage and the fees and tasks associated with the storage. Furthermore, the fac

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

Following aspects would a

ility will identify a method for collecting the cord blood, as private cord blood banks often work in cooperation with a hospital on this issue.

Reputability: In many instances, this search will prov

dd to the challenges in developing combination products:

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

de you with numerous options, but how can you ensure the facility is reputable and working in your best interest? The answer rests in the hands of the American Association of Blood Banks, the AABB. T

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

his association regularly inspects blood banks all over the country, providing an accredited status much like that provided in the college and university system. Before you decide on a specific cord b

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

lood bank, contact the AABB to determine if the private blood bank is accredited or if it has any complaints lodged against the facility by other patrons. Think of the AABB as the final word that you

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

can trust in whether or not the cord blood bank in your location is reputable and worthy of your child’s precious cord blood.

After you have considered these three main aspects regarding the storage o

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

Professional from academic institutions, pharmaceutical industries, health care indust

your child’s cord blood, the final decision should be less imposing than attacking the decision blindly. Be sure to keep an open mind during your search to find a facility that works well with your s

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

ituation. The internet is a perfect research tool, as a quick and simple web search will provide you with countless options for private cord blood banks all over the country—and all over the world. B

.

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

efore you decide against this option, make the time to speak with a professional at one of these banks in order to make the most informed decision about the medical promises that cord blood can offer t

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

Companies that provide selfless information through particip

o your baby or another child in your family. Finally, if you decide against banking your baby’s cord blood, consider donating the blood to a public cord blood bank for research purposes and public use

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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