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  • Answers - Buying in Spain - TV and the Reality

    TV programmes fuel many people with the dream of a better life than the one they have. The problem is, these programmes
    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
    are cheap to make and are repeated time and time again. When Mr Dreamer sees a town house for 150,000? he neglects to no
    ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

    Examples of combination products may in
    ice the programme he’s watching is 3 years old, and with house prices rising at 10% a year in some areas, that same hous
    lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

    today will cost him 200,000?

    Bargains are still out there, especially in our neck of the woods in Inland Valencia. How
    here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
    ver you may have to be a dab hand at DIY (new kitchen and bathroom) or hire a local builder at a reasonable rate. Doing
    d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

    Combination pro
    our homework is essential; have a realistic budget and work within it. Cost carefully your materials and labour and also
    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
    set a reasonable time scale.

    Mr Dreamer can have his life in the sun, but if he’s been brainwashed by cheap TV house ma
    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
    eover programmes (everything magnolia) Mr Dreamer will soon become Mr Disillusioned.

    Inspection trips are essential. We
    nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
    ve had clients wanting to buy in an area because they saw it on television and fell in love with it. This is not the fau
    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
    t of the TV Company but of someone’s heart ruling their head. You must get a feel for an area; try to build geographical
    ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
    economical and cultural awareness. Research as much as you can: use your local library, use the Internet and talk to pe
    ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

    Following aspects would a
    ple on your inspection trips.

    Don’t be shortsighted; think of the long-term implications of buying that remote villa in
    dd to the challenges in developing combination products:

    Which markets to tap where the combination products can do fairly well?
    Which combination prod
    the country. If you’re at retiring age now, will you still want to be driving around country lanes when you are 70? Do y
    cts are meaningful and rational?
    Which therapeutic categories to select?
    Which Combinations can address unmet needs of the patients?
    Do combin
    u and your partner both drive? What will happen if the only driver is taken ill? Remember; there is a very thin line bet
    tions increase the patient compliance?
    What would be the developing cost?
    How to tackle the risks encountered during combination product developmen
    een a dream and a nightmare.

    Budget correctly. If your top limit is 300,000? you cannot look at properties at this pric
    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
    . Without going into detail, all Spanish properties are subject to tax, and there will be other fees incurred. You shoul
    ping new procedures for reviewing their safety, efficacy and quality.

    Professional from academic institutions, pharmaceutical industries, health care indust
    allow around 10-12% of the purchase price to cover your costs. Therefore if your maximum budget is 300,000? you should
    y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
    ot be looking at properties over 270.00?

    Always employ the services of a local Spanish lawyer (abogado), someone who kn
    .

    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
    ws the area in which you are purchasing. Don’t be put off if he/she does not speak English as employing someone with loc
    elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

    Companies that provide selfless information through particip
    l knowledge and contacts is a must. Your estate agent should be able to help with interpreting or knows someone that can


    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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