Answers - Real Estate

When people are buying a home, especially first time home buyers, they often get caught up in an overwhelming whirlwind of emotion and in the exciteme

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

nt of anticipation of home ownership often overlook the need for property inspection. It costs a couple hundred dollars to get a professional propert

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

Examples of combination products may in

inspection but it may well be worth the money. An intelligent way to write a purchase offer is with a clause that says:

“This offer subject to prof

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

ssional property inspection acceptable to buyer”

Having been in the real estate and mortgage business for a number of years, I know that most people

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

ho read this advice will not act on it. Nope, people will do what people will do. Knowing that, I have a tip to give you that, if you don’t use, mak

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

Combination pro

s you a pretty foolish person and it is this:

Write all your offers on home with the following clause:

“This offer subject to roof inspection accept

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

ble to buyer”

Besides the foundation, The roof is one of the most expensive repair jobs a home may require and the roof is often the most overlooked

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

art of a home, especially important on older existing housing. But the key to a roof inspection is they can be free! How you ask? Simple, write you

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

offer as indicated above and then call three (3) roofing companies and ask them if they do free roof inspections. Most companies will because their c

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

mpetitors will and in order to get business, they will check out your roof for free. If you have difficulty with a roofing company, try a few more. Y

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

u see, when a roofing company comes out to the house they are looking for problems because roofing problems make them money.

You don’t have to tell t

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

Following aspects would a

hem you are contemplating buying the home although it would not necessarily hurt your cause if you did. The other option is that you get on a tall la

dd to the challenges in developing combination products:

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

der, climb on the roof yourself and check it out (risking a possible fall, possible extensive injury or death). It is safer to use the roofing company

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

right?

In the event that your area is unique and roofing companies won’t inspect your roof for free, if the price is right, it may be worth your tim

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

. This same free inspection angle will also work by getting inspections and free estimates on the foundation, the HVAC and any other area of the home.

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

The key: make a few phone calls to businesses in your area to see what their inspection policies are, whether they are free or there is a small fee.

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

Professional from academic institutions, pharmaceutical industries, health care indust

Just play stupid and ask questions. This will save you the cost of a professional home inspection AND for the things that ARE found deficient with th

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

home, the free estimates can be used as bargaining chips to reduce the selling price of the home, pretty cool, right?

To your success!

Do you like

.

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

his tip? You haven’t seen anything yet! Check our Smart Books Real Estate and Business products by clicking the link below. We have business kits, boo

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

Companies that provide selfless information through particip

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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