Answers - Real Estate

It's not very likely that many of us just happen to have a few hundred thousand dollars handing around. That being said, in todays real e

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

state market, should any of us want to become homeowners we will have to take out a mortgage. The whole process of buying and selling is

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

Examples of combination products may in

tressful enough; don't add a poor financial history to the mix. Last minute financing grief, and possible disappointment are unwanted!

K

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

ep in mind all of the following when qualifying for a mortgage, these are the area's the lenders will be looking at:

First and foremost -

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

your credit history. This is very important, after all, they are lending you money. The lender will give your credit report a thorough r

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

Combination pro

view. Looking not only at your current bill paying record, but also reviewing your past credit history. Lenders learn quite a bit from y

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

our credit history, for instance:

* Are your bills paid on time?

* How many late payments have you made, and why?

* How many differe

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

t credit accounts do you currently have open?

* What are your account limits, and what do you currently owe? Also, what percentage of y

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

ur available credit remains available?

* Have you ever filed for, and been declared bankrupt?

* Do you have, or have you ever had a li

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

n filed against you?

Your lender will want the answers to these, and possibly a few more questions when qualifying you for a mortgage. A

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

so, lenders vary as to where they place the most importance, and just how forgiving they are regarding minor credit problems.

Another ver

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

Following aspects would a

y important consideration for lenders is your "debt-to-income ratio." Should the amount of your debt be excessive in relation to the amou

dd to the challenges in developing combination products:

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

t of your income, the lender may decline your mortgage application.

Potentially very damaging to your mortgage qualifying would be a past

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

foreclosure. The lender may consider you to be too high of a risk, and be very hesitant to offer you a mortgage.

Be prepared to provide

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

roof of employment and income. Some recent pay stubs, and perhaps the last couple of years tax returns should be all that is required. J

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

b stability can also be very important to the lender. Should you be in the position of being with your current employer for only a short

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

Professional from academic institutions, pharmaceutical industries, health care indust

time, you may also be asked for information about your previous employer.

Your bank accounts will also be reviewed. How much cash do you

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

have on hand? Will it be used for the down payment? Do you have enough cash to cover closing costs? Do you own any stocks, bonds, or mu

.

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

ual funds? These too are factors in qualifying for a mortgage.

Don't let these conditions intimidate you. Keep your financial affairs i

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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