Answers - Real Estate

When buying a home the largest decision that you will have to make is the choice of whether to buy a new home or a resale home.

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

There are specific concerns that relate to both options so a smart buyer should take the time to consider the pros and cons of

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

Examples of combination products may in

each.

New Construction Homes - Well, new construction homes definitely have the "shiny & new" factor in their favor. That bei

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

ng said, you should not assume that everything in the home is perfect. Many people buy new construction homes without an inspec

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

ion and that is a big mistake. Just like resale homes there can be issues relating to the home's systems or structure; although

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

Combination pro

they are generally issues that are results of the home's construction, not wear & tear. In a real estate market where new home

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

s are springing up overnight, a major concern is the quality of construction. Unfortunately there are less than reputable home

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

builders in operation that use sub-standard labor and materials in order to cut building costs and increase their profit margin

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

Before buying a new home try to find out about the home's builder. Do they have a good reputation and track record? Have there

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

been any issues with other homes they have built? Try finding people who are living in homes built by the builder and inquire

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

as to whether they have had any issues with the home.

Resale Homes - When purchasing a resale home the home inspection is esse

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

Following aspects would a

ntial. A home inspection will let you know of any issues that have developed in the home over its lifetime. Common problems are

dd to the challenges in developing combination products:

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

things like: a leaky roof, cracks in the foundations, mold, easements or liens and old or out of date appliances. That being sa

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

id, resale homes are usually located in a well developed area with good access to schools and community services like shopping,

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

recreation and entertainment. Any issues that come up during an inspection can easily be used as bargaining chips during the o

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

ffer process. typically you should be able to make the passing of a home inspection one of the major subjects in the purchase.

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

Professional from academic institutions, pharmaceutical industries, health care indust

f something does not pass the inspection it is either the owner's responsibility to fix or the owner can decrease their price e

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

nough so that the buyer can fix it.

Buying a home is a huge responsibility. It is likely the largest purchase the average pers

.

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

on will ever make so it makes good sense to take your time and explore all your options before jumping into anything. The more

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

Companies that provide selfless information through particip

you educate yourself on your options, the better the chance is that you will find that perfect home that suits you in every way

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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