Answers - Real Estate

Foreclosures filings continue at recent record levels in States already recording the highest levels in years. Nationally, the foreclosure rate at the end of April 2007, of one for every 783 hous

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

eholds was slightly down on March 2007 (one for every 775) and 38% ahead of April 2006 at 1 for every 1268 households as reported this week by ForeclosureDatabank.com an online foreclosures listi

; 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 service.

In previous years investors have noted a trend toward lower filings in the second quarter. Any dip noted in the coming month will hardly obscure the rate of increase year to date nati

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

nwide over the same period in 2006, around.62%. Foreclosure filings in most States remain well above last year’s levels and are expected to do so for much of 2007.

The indicator rate per househo

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

d in foreclosure activity is used to highlight the trend in a market which is of increasing interest to both investors, hoping to maximise ROI without inefficient use of capital, and home buyers

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

Combination pro

continuing searching in their neighbourhood of choice or near by for extra value for their available funds.

Before we all get hooked on the hyperbole which flows in the media following the publi

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

hing of such robust percentages, lets remind ourselves that foreclosures filings absolute numbers in states other than the top ten are actually quite small, and in the special opportunity market

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

f bank foreclosures, small indeed.

Bank foreclosures are in the last of three main stages in the foreclosure process, and are lumped in with REO numbers and statistics in readily available data,

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

you can see why when in most cases numbers per metro or county are low.

Compare these REO foreclosures rates and numbers in April with those from the States with existing track records of high f

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

oreclosures filings over the last two years;
• In April 2007 California had 2,000 REO filings, compares with 177 in April 2006 out of a total of 30,505 foreclosures filed in the state, which

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

in turn represented 21% of the national total of 147,708 for the month.
• Ohio listed Reo filings of 3,545, compared with 2,424 in April 2006, and out of a total of 11,431 in filings for th

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

Following aspects would a

month, nearly 8% of the national total.
• Texas recorded 3,375 REO filings compared with 3,371 same period last year, out of a total of 11,424 or 7.7%
• Georgia reported 1,899 (1,354 4

dd to the challenges in developing combination products:

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

2006) from a total 7,151 or just under 5% of the national total.
After these the April 2007 numbers fall to 1,606 for Michigan, 1002 for Colorado, 858 for Tennessee, 806 for Indiana and 757

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

for North Carolina Florida, Illinois, Arizona are all in the range under 660.

REO is the institutional name for Real Estate Owned property, realty that lenders have had to repossess because of

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

ortgage delinquencies. Not all REO’s are bank foreclosures but by definition all bank foreclosures are REO.

April housing statistics and permits are down, but with the pipeline of more real esta

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

e to enter the market full, it is not unrealistic to assume a glut of unsold property, especially single family homes, in all price ranges, in the geographical areas where foreclosures filings ha

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

Professional from academic institutions, pharmaceutical industries, health care indust

e been the highest in percentage terms in the last 12 months. Banks and other lenders forced to foreclose on properties this year face inventories well above past year levels.

Expect some flex

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

ibility in financing on offer to help clear these bank owned homes, expect pressure on pricing, and pressure to clear property inventories where all unsold homes sit on the market for 90 days or

.

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

ore. The range on offer of bank foreclosure property will not be great in most areas and the much smaller pool of addresses could mean more bidding competition. Time to ensure those analytical to

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

Companies that provide selfless information through particip

ls so readily available now on the Internet are at your fingertips.

This year, 2007, could be the year of the alert investor and home buyer opportunities for excellent deals in bank foreclosures

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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Answers - Bank Foreclosures, Inventories On The Rise Into 2007

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