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There are many advantages of selling your property using lease options – or so it is claimed. Basically, they say, you get all the advan

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

tages of both selling it and renting it out, without the disadvantages of either. Specifically, you get a large sum of money up-front AN

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

Examples of combination products may in

a monthly income. You have none of the hassles of being a landlord and having to deal with the day-to-day problems of tenants. And you

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

come in for a healthy profit when your buyer gets a new loan on the property and buys you out.

However it is not entirely true that ther

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

are no land lording hassles. In fact, many have found that it’s one of the biggest misconceptions about lease options to believe that y

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

Combination pro

u don’t have ANY repairs or maintenance issues. Even if you have the tenants/buyers sign a waiver accepting responsibility for repairs up

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

to a certain amount, they are going to be pretty upset if a huge repair bill arises within a week or two of their moving into the propert

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

. This is not going to improve relationships between you and your tenants.

In addition, if you do a good enough job of convincing them

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

hat repairs are THEIR responsibility, they may not even call to let you know when there’s a problem. And since they probably don’t have

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

he money to fix the problem, they will just let it continue. The outcome will be that there will eventually be some much more serious rep

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

ir issues that are hugely more costly to fix.

There are some steps you need to take when selling on lease options, to ensure that major

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

Following aspects would a

issues don’t arise.
· Have your tenants/buyers get an inspection done, or sign a waiver if they choose not to do so. This reduces y

dd to the challenges in developing combination products:

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

ur risk of a come-back if they later find that major repairs are needed.
· Use part of their funds to purchase a home warranty. You

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

may be reluctant to do this because these are funds that would have reverted to you. However, it is worthwhile for the peace of mind, kn

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

wing (a) that the tenants/buyers are less likely to complain, and (b) that the repairs are more likely to get done.
· Get your proce

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

ure on repairs down on paper and use it as standard for all your properties.
· Ensure that your tenants/buyers purchase and maintain

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

Professional from academic institutions, pharmaceutical industries, health care indust

renter’s insurance. They can get this for a low premium and it provides an initial protection before your home warranty is called on. Th

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

s will reduce the number of times they need to call on you when problems arise.

Claims about the profitability of selling on lease optio

.

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

s are in fact generally true. It is a bit of an exaggeration to claim that there are NO land lording hassles, but these steps will help

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

Companies that provide selfless information through particip

o reduce them. It would be a pity to miss out on all the benefits of selling on lease options, for want of just a few simple precautions

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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