Answers - Real Estate

In 2006 our family started contemplating the possibilities of living off the grid, producing our own electricity with Renewable Energy sources. Our electricity bi

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

ll was about $200 a month and it just kept on growing. We knew there was a better way, so we looked at living off the grid. We decided we wanted to find ways of living off the gr

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

Examples of combination products may in

id mainly for economic reasons but we also wanted to keep the lifestyle we were already living.

We just didn’t want to give up all of our regular household appliances. As

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

we dug deeper it became clear that with a bit of planning and patience and some serious conservation practices we could achieve this goal. It looked like we could be living off th

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

e grid within a few months if we worked hard at it.

Thankfully, we already owned a small cottage that we had been planning on moving to in the future anyways. It was an easy opti

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

Combination pro

on for us, but there are a lot of country properties for reasonable prices out there too, if you decide to make this option work for you.

Our property was only 40 minutes from to

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

wn, so there would be no job finding necessary either, just a slightly longer commute to work. We also made arrangements to work from home a couple days a week, so we could enjoy

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

our new found off grid lifestyle.

Years before we had looked at bringing electricity to the cottage, but the hydro authority had told us that it would cost over $14,000 to do so.

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

We didn’t proceed with it because of the high cost. Why would we bring in grid hydro if it would still cost $200 a month and $14,000 just to get it there. Living off t

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

he grid now made perfect sense from an economic point of view.

We could use the $14,000 to install Renewable Energy to run our cottage/home. Plus, if we added a conservative

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

2 years of electricity service expense to the total what would have otherwise been spent on electric bills that’s another $4800.

The total would be $18,800 we could spend

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

Following aspects would a

on a Renewable Energy system and still be money ahead when compared to bringing in grid electricity. After 2 years we would be money ahead! We would not have to pay electric bills

dd to the challenges in developing combination products:

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

ever again.

We chose solar panels to install in our new home because they were easier to install. We found a great website that offered up tons of advice and really helped with

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

the installation. We wanted to put up a wind generator but we just didn’t have the resources at that point. Later we actually built a wind generator with plans we found. We

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

also had a back room that we could convert into a battery storage area and control room for the inverter, charge controllers etc.

We bought 12 Kyocera solar panels, all of them

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

about 170 watts of power producing capacity. That would give us about 2Kw of production and that was a good start. An electrician friend helped us wire up the system with 16 huge

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

Professional from academic institutions, pharmaceutical industries, health care indust

forklift batteries and an inverter for AC power, all charge controlled and set up in case of lightning too. He said that it happens occasionally and you have to protect your inve

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

stment, so we did.

We run a DC deep well pump and DC lights directly from the batteries. The whole house is run from this system and only occasionally do we have to start up th

.

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

e backup generator.

We didn’t have much money when we were done and we still wanted a wind generator, so we decided to build one. We found some great plans and all that hel

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

Companies that provide selfless information through particip

pful solar panel advice at the Living Off the Grid website. We could not have done it without them

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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