Answers - Real Estate

Reverse mortgages are another good concept in the world of mortgages. A reverse mortgage is a mortgage that works in t

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

he reverse way i.e. you receive payments rather than make payments. With reverse mortgage, you keep adding to your deb

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

Examples of combination products may in

t rather than reducing it.

Reverse mortgage is an option that is available to older people generally to people who ar

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

e over 62 years old. Of course, the assumption is that you have enough home equity in the house that you want to use f

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

r reverse mortgage. Moreover, a person can avail of reverse mortgage only if he/she is living in the house that he/she

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

Combination pro

wants to get a reverse mortgage on. So a reverse mortgage gets you regular payments and as you receive these payments

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

you build a debt. But when do you pay the debt that is build through reverse mortgage? Well, the reverse mortgage loa

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

isn’t required to be paid back until you live in that house. So, the reverse mortgage loan is to be paid back when yo

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

u either stop living at the house (whose home equity you are using to get the reverse mortgage) or you sell the home o

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

r you die.

Reverse mortgages really come as a boon to older homeowners. The cash generated by parting with some of th

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

ir home equity (to get the reverse mortgage) can help these old home owners in generating cash for various purposes e.

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

Following aspects would a

g. the cash thus generated could be used for financing home improvements, or the cash could act as a supplemental reti

dd to the challenges in developing combination products:

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

rement income or it could be used for paying off a current mortgage or it could be used for covering some health expen

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

se etc. Also, the income generated from reverse mortgage is generally tax free. Moreover, once you payoff the reverse

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

ortgage loan partly (or fully), the interest portion of the loan may qualify for income tax deductions (this further a

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

dds to the list of benefits from reverse mortgage).

You must check the fee and other expenses related to reverse mort

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

Professional from academic institutions, pharmaceutical industries, health care indust

gage before you go for one. In fact, you should do a good research by getting reverse mortgage offers from various mor

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

gage lenders before you select the offer that gives you the best returns (as you would for a normal mortgage). Moreove

.

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

r, since the title of the house remains in your name, you would be expected to pay the property taxes, insurance and o

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

Companies that provide selfless information through particip

ther expenses that you incur on your house.

All in all, reverse mortgage is surely a good option for older homeowners

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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