Answers - Real Estate

Many people are astonished at the costs of moving their home. To avoid a nasty shock to your financial system, use these six ways to take control of the costs involved. They may lead you to change what goods you take, the services

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

you buy, and even the date you move.

Be realistic

Don’t under-estimate the load size – consider all your possessions, including attic and basement contents and your car and boat.

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

Examples of combination products may in

>Consider all the costs including house sale, new home redecoration and change of services, moving services, insurance, storage, your travel, and especially your own time and energy.

Control requires time. Start

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

early, or be prepared to pay for help to manage the move.

Reduce the load

Load size is the biggest factor in the costs of packing, loading, transport, storage, insurance, and your own effor

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

ts, even if you do it yourself.

The amount of junk that people pay move often astonishes moving companies. Everyone has some. Use a critical eye to get rid of yours.

Why take stuff you don’t use? If you hav

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

Combination pro

n’t used it in the last two years, you probably don’t need it. Leave such clutter behind, and simplify your life!

If your major appliances are old, new ones would save energy and money in operation. Why pay to take them

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

with you?

You’ll probably redecorate your new home. Don’t take furniture that will be discarded anyway when it doesn’t fit your new style.

Don’t take your surfboard when you move from California to Saskatch

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

wan. Don’t take home workshop equipment when you move to an apartment. Leave behind any activity equipment or clothing that won’t fit your new lifestyle.

A garage sale, or eBay, or donations to charity are all good ways

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

to ensure that the goods you no longer need will find good uses.

Choose the best time

Movers and moving trucks have peak demand times: month-ends, summer school break, and winter holidays

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

At these peaks, the costs are higher, movers and trucks are harder to get, and the shortage of time can degrade the quality of work done.

Schedule your closing dates for moving flexibility and to minimize temporary st

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

orage. I once scheduled the closing of both sale and purchase on the same date; final legalities turned up a possible lien that took days to clear up and denied access to my new house, practically doubling my moving cost and effo

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

Following aspects would a

rt.

Find out everything that needs to be done, and allow ample time.

The best time for this move may be never. When we considered real estate and redecoration costs, my wife and I decided not to downs

dd to the challenges in developing combination products:

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

ze before retirement, because we expected to move at retirement anyway.

Consider doing it yourself

You can save real money on moving services by packing yourself with less expensive materia

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

ls, loading and unloading the truck or container yourself, driving the load in a rented truck, or using self-storage.

BUT, be realistic. Doing it yourself takes a lot of time effort, and knowledge. There can be

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

complications due to your inexperience, as well as unexpected costs. It takes physical labor, and you may not be as fit and strong as you think. Is the money saving really that great, and is it worth the other costs?

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

Shop wisely

If you hire moving services, screen companies using word of mouth and other information, get two or three written estimates in person, ensure they cover everything to be moved, and observe

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

Professional from academic institutions, pharmaceutical industries, health care indust

arefully to judge the quality of the company.

If you rent equipment, shop around for competitive prices and make sure you know the terms and flexibility of the contract. Can you extend the time if necessary?

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

>If you buy or scrounge packing materials, don’t skimp on protection. Get double-walled boxes with lids, in sizes appropriate for the contents. Use plenty of padding for fragile items and don’t cram breakables too closely togeth

.

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

Track and claim expenses

Some out-of-pocket moving expenses can probably be claimed against income for tax, if properly validated.
Find out what is deductible, and get r

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

Companies that provide selfless information through particip

eceipts or other documentation for all such costs.

Using these six strategies, you are sure to get good value for your time and money. You will also be happier, with a well-managed move and no nasty surprises

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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