Answers - Real Estate

Moving out for the first time is one of the biggest steps you’ll take in life. It not only represents your freedom, independence and a sense of growing up, it also tests your ability to make it on your own.

The first decision you’ll make rega

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

rding moving out is usually based on your situation. Will you rent an apartment or a house? Will you purchase a home? Or will you consider buying or renting a condominium or townhouse? For the sake of time we will lump this section into two

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

Examples of combination products may in

categories, renting an apartment or a house. As with purchasing your first car, budget is going to be a major factor in determining all of the bells and whistles that will be attached to your first place. How many rooms? How many square feet

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

? Do I need underground parking or a garage? How about a view of the mountains or downtown?

Since most of us will be renting our first place, we will begin there. There are usually two ways to go. You can rent month-to-month, which means

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

ou are able to move out whenever you want, but it also means the landlord can kick you out or raise your rent almost at will. The other way to go is a lease. The lease locks you into a predetermined number of months. For most apartments and

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

Combination pro

ondos, a one-year lease is standard. Landlords will usually charge you less if you sign a lease with them. Keep in mind that if you sign a one-year-lease and decide to move out after two months, you’re still on the hook for the additional ten

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

months. Make sure you really like living under that roof and plan to stay there for the lease period or you may want to stick with a month-to-month.

Whenever you rent an apartment or a house, there will always be a deposit required. This de

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

osit will vary based on:

1. The amount of the rent.

2. Your credit score.

3. Are you signing a lease or renting month-to-month?

4. Is the landlord buying a new car that month?

5. Are you good looking …(just kidding, if this one is par

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

t of the deal, then run, don’t walk, to another rental).

You can usually expect to pay first month plus a security deposit equal to first month’s rent. If you are renting an apartment or condo, many times there is a reduction or special deal

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

ffered by the complex. For example, you may be able to pay first month’s rent plus a small deposit of say, a few hundred dollars. If you have pets, and the landlord allows them, you will be required to pay a deposit for the pet. In some case

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

, the landlord may require you to pay first month’s rent plus last month’s rent and a security deposit. The important thing to remember is to find out exactly what will be required before you sign anything.

OK, moving day. You’ve taken ten m

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

Following aspects would a

inutes and packed up all your worldly possessions. Mom is standing by the door weeping because her baby is now ready to fly the coop. Even though you needed them to give you 20 bucks to go out last week, you are ready to be an independent adul

dd to the challenges in developing combination products:

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

. Dad is also standing by the door, but he’s got a slight grin on his face. Why you ask? He is planning how to turn your room into his office or new entertainment center! But forget about that for now. You’ve found the apartment, signed the

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

rental agreement, paid your fees and are moving in.

Now what?

1. Have the phone turned on.

2. Have all the utilities turned on.

3. Have cable activated if you’re using cable or even have a television.

4. Move all your stuff in (which

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

s usually a bag or two).

5. Get some furniture in that place (beanbags are popular in first apartments).

6. Get some food in the fridge.

7. Make sure you have at least a towel or two and don’t forget the toilet paper.

8. A vacuum cleane

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

would be nice.

9. Get hooked up for Internet access (might be part of your cable or phone service).

10. Get some plates and silverware and maybe a glass or two (you may get tired of paper plates and plastic silverware).

And this is just th

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

Professional from academic institutions, pharmaceutical industries, health care indust

e beginning. Now you have neighbors to deal with. Neighbors on the right of you, neighbors on the left, and they’re stuck with you in the middle. Big, large, noisy neighbors walking above you like giants river dancing. Ah yes, the joys of a

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

artment living. However, there are some advantages, like:

1. No yard work. Why? You have no yard!

2. No maintenance fees such as repairing air conditioning units, heaters, stoves, etc.

Renting a house is much like renting an apartment w

.

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

ith a few advantages. The neighbors aren’t living in your walls or on your roof. There is a yard where you and your friends can frolic. And with a house, you will usually have a garage where you can park that new car you just bought in that

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

Companies that provide selfless information through particip

ast chapter…you know, the one that isn’t running this week. Some apartments offer garages, but you will pay extra for them. Oh, and if you have anything other than a very small, compact car, good luck using the garage for anything but storage

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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