Answers - Real Estate

First time home buyers across the globe are feeling the pinch as property prices continue to rise. From America to Australia and Spain to China the total value of residential property in th

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

e developed economies has risen by over ?15 trillion in the last 6 years. Fabulous for anyone who already owns their own home as they are now happily sitting on a little goldmine, but for t

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

Examples of combination products may in

ose who were too young, too cautious or who simply did not have the required deposit the picture does not look so rosy.

Buying a home for a first time home buyer is now out of reach for al

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

l but those on the highest salaries. Unable to buy, the would be home owner’s only alternatives are to stay in the parental home, or move into a rental property. Many choose the home rental

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

route, but of course this only goes to fuel the buy-to-let market encouraging those looking to buy investment property. The more homes that are bought as investment property, the fewer are

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

Combination pro

available for sale to first time home buyers and through the wonders of demand and supply theory, property prices are pushed higher again and further out of reach.

For years some first tim

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

buyers have held back waiting for the property ‘bubble’ to burst. This being the favourite phrase of the post-millennium property expert. In the UK they were convinced it would burst in 20

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

03, they were so sure it would pop in 2004, and if it didn’t explode in 2005 they would eat their hats! Well, many had to eat their own words as well as their headgear in 2006 as they had t

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

admit that maybe they had got this whole bubble thing wrong all along as new theories emerged as to the way people buying homes bought, and the market reacted. No crash in the foreseeable

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

future now say those same experts, just the possibility of a slight slowdown in the relentless tide of rises.

Other first timers have been waiting for their salaries to improve before buyi

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

g, but they too have been disappointed as property prices have risen far faster than wages, and instead of being closer to their dream home, years on they find themselves still first time h

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

Following aspects would a

ome buyers in waiting as many are now worse off than they were before.

It is important to note that this is not a problem limited to a few unfortunates who did not jump onto the property l

dd to the challenges in developing combination products:

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

dder when they could or should have. This has reached political and social issue status in the UK. The statistical average number of first time home buyers here is around 40% of the total h

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

ome buying public. It is therefore rather worrying to see that in each of the last three years this has fallen into the high 20%’s equating to around 100,000 less first time home buyers eac

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

year than there should have been. Numbers that bring a tear of joy to the eye of any rental property owners, but for the first time home buyer things have not looked too good.

It’s not al

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

l bad news though there is a glimmer of hope for the beleaguered masses. In the 2006 budget, the UK Government promised ?970m to help key workers into their first homes, a number of organis

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

Professional from academic institutions, pharmaceutical industries, health care indust

tions are launching schemes to offer private shared ownership where they fund a percentage of the property for a rental income, and of course there is the blossoming co-buyer market, someth

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

ing we know quite a bit about as we launched the co-buyer network 10 months ago. Co-buying offers the thousands of potential first time home buyers an opportunity to join forces to help one

.

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

another onto the property ladder. Through doing this they multiply their buying power, divide all their costs and can afford to own what they want, where they want to live years sooner than

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

Companies that provide selfless information through particip

they could possibly have done so on their own. There are many innovative options that are launching to help the first time home buyer, and we are hoping to bring as many as possible to you

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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