Actual - Real Estate

Occasionally a garage conversion will be carefully done so that the exterior of the conversion closely matches and harmonizes with the rest of the

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

home. The only giveaway is the presence of the driveway leading right up to the home. The quality conversion interior will be on par with the res

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

Examples of combination products may in

of the home, be adequately insulated, heated and cooled and will feature adequate windows and an exterior door to allow natural light, access and

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

ventilation. By contrast, the cheap conversion will have few or none of these amenities.

Safety is a prime concern due to the possibility of fire

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

A garage conversion with no windows or exterior doors is a fire hazard since anyone caught in that area when a fire blocks their way into the res

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

Combination pro

t of the home can be killed. And since garages are very often adjacent to the kitchen where most fires begin, the potential for disaster is very r

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

al and every second counts. Each room in a home must have a way to escape a fire. At a minimum, there must be a window that can be easily opened a

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

d is large enough for an adult to slip through in a hurry. A door opening to the exterior is a prudent addition.

An additional consideration is t

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

e quality of wiring and the type of heating in the garage conversion. Faulty wiring and/or unsafe use of appliances can start a fire. Free-standin

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

g unvented "space" heaters pose a threat from carbon monoxide poisoning.

A garage conversion creates a lack of covered parking space and usually

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

esults in decreased storage space. Only when the site is large enough, and building setback lines do not interfere, can additional covered parking

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

Following aspects would a

be physically and legally provided.

Value Considerations Stemming from the Above

It stands to reason that a good quality garage co

dd to the challenges in developing combination products:

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

version will bring more value to a home than a cheap one will. The very cheap conversion where the overhead doors have been blocked off and some i

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

nexpensive floor coverings added is probably best converted back to garage space, since the cost should be minimal to once again offer a garage. T

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

is minimal restoration cost can be offered as a price concession if the owner is unwilling to make the restoration prior to closing. But even the

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

ood quality conversion poses the problem of a lack of covered parking if a separate garage structure or at least a carport is not present. The own

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

Professional from academic institutions, pharmaceutical industries, health care indust

r and agent should anticipate a reduction in value for this factor. How much reduction to expect is a matter of patient research.

A garage conver

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

sion should always be inspected carefully by a qualified real estate inspector, and this will normally be included as part of the whole-house insp

.

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

ction process. In Texas, such inspectors are required to be state licensed. Such an inspection should reveal health, safety or structural problems

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

Companies that provide selfless information through particip

and the cost to do the repairs can also be offered as a price concession unless they become a lender requirement as a condition of making the loan

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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