Answers - Real Estate

The following are some great advantages to buying and owning a home instead of renting. For one it is largest and most impo

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

rtant investment you will ever make. Here is a list of the top 4 reasons one should buy their own home.

1) Equity:

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

Examples of combination products may in

As soon as you buy your house you have gained considerable equity. A 5% to 10% down payment has given you 100% ownership o

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

that property. As time goes by payments are made your mortgage decrease, the property has appreciated and your equity con

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

inues to grow. Even if your home never appreciates which is very unlikely and stays the same you are continuously paying do

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

Combination pro

n your mortgage. If you rent, your payments are similar to what a mortgage payment would be, with really gaining only one m

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

ain benefit and that is having a roof over your head. You are literally paying someone else’s mortgage and creating equity

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

for someone else

2) Sense of Ownership: It's a great feeling buying your own home. There is a great sense of owne

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

ship and accomplishment. It's great feeling knowing you can paint the walls without consequence. Having the ability to ha

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

g pictures whenever and wherever you want. Also being able to remodel and renovate, knock out walls, add bathrooms and pre

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

ty much do whatever work or improvements you want with gaining all the benefits for improving your property.

3) Stabili

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

Following aspects would a

ty: Owning a home gives you great stability in a couple of ways. It's a great feeling to know that if you lock in a m

dd to the challenges in developing combination products:

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

rtgage rate for 5 even 10 years that your payments won't change. As far as renting goes, depending on the municipality’s r

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

les, a landlord generally can increase the rent whenever they want and to whatever rate they want.

4) Future: Owni

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

g your own home gives you some great advantages for your future. Aside from building equity in your home you are paying do

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

n your mortgage. The great thing about a mortgage over rent is that eventually you pay it off. Once you have paid off your

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

Professional from academic institutions, pharmaceutical industries, health care indust

mortgage no more monthly payments, this then dramatically increases your disposable income.

Don’t get me wrong renting se

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

ves a great purpose and for most of us it is where we start. However these are just some of the many reasons why buying yo

.

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

r own home has many great advantages over renting. Gaining equity on a home that you can take pride in owning, which will

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

Companies that provide selfless information through particip

reatly enhance your future while providing stability in the now, seems pretty good when your padding someone else’s pockets

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 - Buying a House - Advantages of Buying over Renting

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