Answers - Real Estate

For most people, buying a home is the single largest investment they will ever make. Because buying a home is such

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

a big event, many people avoid the opportunity altogether and choose to rent instead. When considering renting, jus

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

Examples of combination products may in

t remember that owning a home has many financial benefits.

One of the biggest financial benefits is probably income

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

tax deductions. You can reduce your taxable income by deducting the property taxes and the interest of your home mo

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

rtgage from your gross income. So, if you pay $6,000 a year in interest and $1000 a year in property taxes, you can

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

Combination pro

subtract $7,000 from your taxable income.

Another benefit of owning a home is that you control how much you pay for

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

housing every month. By choosing a fixed rate mortgage, you know that your housing payment (your mortgage payment)

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

will not change in the years to come. So, if you chose a 20 year fixed rate mortgage, your monthly payment would be

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

the same in 20 years as it is now. If you chose to rent instead, you can certainly expect the rent price to go up

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

ignificantly in that same amount of time – especially in Charleston’s rental market.

The rental market here in Char

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

leston brings me to the third benefit of owning a home. Depending on the area, rent prices in Charleston are relati

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

Following aspects would a

vely high, especially compared to other areas of South Carolina. Right now a one bedroom and one bath apartment in

dd to the challenges in developing combination products:

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

est Ashley (one of the more affordable areas close to downtown and to the beaches) is about $550 a month, and in dow

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

ntown Charleston it is about $800. The cost of renting in Charleston makes owning a home a good financial investmen

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

. If you are going to spend that much money a month renting, you may as well go ahead and put the money toward an i

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

nvestment that will give you your money back in the future (plus some money).

Another financial benefit of owning a

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

Professional from academic institutions, pharmaceutical industries, health care indust

home is appreciation. The average appreciation for homes in Charleston is roughly twelve to fourteen percent. This

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

number is much higher than many other cities. And, even with a slower market, this percentage is higher than many

.

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

ther types of investments. Appreciation motivates investors to buy lots of real estate and then rent it out. These

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

Companies that provide selfless information through particip

investors don’t make their money off charging high rent – instead, they count on the homes’ appreciation for profit

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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The sales training professionals need to insure that their sales force can handle interrupted phone calls without losing their train of thought and without being upset or irritated at the prospect.

Even a quality product is useless in case you are unable to sell it. You become a successful business man only when you leart the are of selling. Learn golden tips from this article.

There is very little in the workplace that has more of a negative and infectious impact than a lazy employee. Yet I am frequently approached by employers who are unable or unwilling to deal with this serious threat to their business. If left alone, this is a situation that invariably does damage to a business and it's employees.

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Answers - Financial Benefits of Owning a Home

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