Actual - Real Estate

Buying a home is one of the most stressful – and exciting – events most people will ever experience.

If you’ve neve

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

r bought a home before, hiring a realtor to help you through the home buying process is practically a must!

Even if

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

Examples of combination products may in

you’ve gone through the home buying process before (especially if you’ve gone through it before) you know that it i

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

s a good idea to hire a realtor to help you find your new home.

There are so many details involved with purchasing

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 house, that having a realtor to help you remember them all will minimize the chances that you will “get taken for

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

Combination pro

ride”. Housing prices right now are the highest they’ve ever been – so even a small mistake or misunderstanding ca

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

n be VERY costly!

Here are 3 good reasons to hire a realtor (and NOT the same one selling the home!) to help you bu

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

y a home:

1) It does not cost you, the buyer, anything. While most realtors will ask you to sign a contract, there

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

is usually no cost involved. If you are asked to pay a small fee, ask that it be waived, especially if this is you

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 first time buying a house. But having a realtor help you avoid just one mistake could save you a SIGNIFICANT amou

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

t of money!

2) The advice of a professional is often very valuable. Buying real estate can be very complex – not k

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

Following aspects would a

nowing all the rules can put you at a disadvantage. Plus, having an extra set of eyes and ears to help you look out

dd to the challenges in developing combination products:

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

for problems (and opportunities) can make a BIG difference.

3) There are many steps involved, and when you are exc

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

ited about a house, it’s easy to miss a step. Or make an offer that is too high (or too low). Or forget an item yo

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

u wanted to negotiate. One simple mistake can easily cost you hundreds, even thousands, of dollars. And once contr

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

cts are signed, it is often too late to go back and fix something that was missed.

Sure, you can learn a lot about

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

Professional from academic institutions, pharmaceutical industries, health care indust

buying real estate from books and manuals found in your local bookstore and online:

• House hunting
• Making a

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

reasonable offer
• Inspecting the house
• Negotiating
• Signing the paperwork

But once your emotion

.

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 get involved – and your bank account – the home buying process can get very hectic. So having a realtor, one who

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

Companies that provide selfless information through particip

know what you are looking for, and who knows the “ins” and “outs” of the process, is a step you should not pass over

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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