Answers - Real Estate

REO property is one of the best ways to buy real estate at below market value. REO

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

means real estate owned by a bank. When the owner of a property does not pay their

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

Examples of combination products may in

mortgage the bank that holds the mortgage sends a notice to the owner of the proper

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

y. This notice lets the owner of the property know that the property is delinquent.

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

Delinquent means all the payments are not up to date. If a property stay delinquen

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

Combination pro

for a significant amount of time witch can be from one to three month, the bank wi

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

ll take possession of the property.

This time can vary from state to state. The pr

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

ocess of the bank taking possession of a property is known as foreclosure. A forec

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

osure property is put up for sale in an auction known as a Public Sale. If the prop

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

erty does not sell or is selling for too low the bank will bid on it and keep posse

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

sion of the property. After a property goes through this complex process it become

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

Following aspects would a

s a REO property. You can buy these REO properties from the bank. Since banks hates

dd to the challenges in developing combination products:

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

to holding properties because they are responsible for the taxes, they will more t

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

at likely love to sell a REO property to you.

Most banks have a list of their REO

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

properties, if you ask they will show or give you their list to you to look over. W

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

en it comes to buying REO properties do your homework, see how much work you will h

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

Professional from academic institutions, pharmaceutical industries, health care indust

ave to do to the property to bring it up to good standers. One last thing when it c

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

omes to REO property is remembering that the bank dose not want this property, in t

.

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

is case you can usually get the bank to sell it for less than the first price they

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

Companies that provide selfless information through particip

tell you. Buying a REO does take a bit more work but it will payoff in the long run

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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