Actual - Real Estate

When I purchased my first property, a triplex row home in an outlying section of Harrisburg, I was very anxious to get to know my tenants on a personal level. I introduced myself and made myse

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

lf available to them 24 hours a day. I listened to all their complaints about the previous landlord and his leftover maintenance.

When my father upgraded his computer, I reloaded his old one

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

Examples of combination products may in

o the hard drive was clear and gave it to my one tenant’s teenage daughters so she could use it for school. It was the ‘caseworker’ in me that made me do it and from that gesture I felt good.

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

It seems that computer was a turning point for me in my career in property management. Not because of the incredible satisfaction I felt from helping someone less fortunate. Not because I gave

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 low income family a computer they could not have afforded otherwise. But it was a turning point because of the overwhelming sense that that teenage girl could not have cared one bit that her

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

Combination pro

great landlord gave her a computer for free. This little teenage diva felt entitled to this hand out and in return didn’t have a thank you, or even a neck snap in return.

It was then I realiz

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

ed that I am a landlord first and “friend” comes somewhere down the list. I have to thank this teen diva for that awakening because it had made me aware of the line in the sand that I should n

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

ver cross.

There are many tenants out there that feed off of landlords that want to be friends. Friends do friends favors… Like let them slide on the rent for a couple of days/weeks/months… T

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

ey dismiss the hole in the wall from a frustrated fist. All this will lead you holding the bag when this pseudo friendship come to a halt and your nice little investment is looking very simila

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

to a well partied college row home.

This do good, caseworker mentality that I had in the beginning was the reason my first troublesome tenants were able to string out their own eviction for

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

ell over 6 months. I did not want to be the one to kick this family of 8 out of the apartment. Notably, only 3 were present when they moved in. The rest of the family filtered in during the 9

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

Following aspects would a

months that followed. Claudette paid the rent on time the first month but when the bread winner boyfriend moved, out things went south quickly. Me, being in caseworker mode, tried to help her

dd to the challenges in developing combination products:

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

est I could but she fell 2 months behind in rent before I even considered eviction. I felt bad for them. I liked their little daughter who would hug me every time I came over. Looking back, Cl

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

udette probably put her up to it b/c she saw how children soften my heart. Eventually, Claudette was forced to leave and I was learning. As I was cleaning out, repainting and repairing the wre

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

ked apartment I had lots and lots of time to think about those lessons I had learned.

Three years later and I have run across my share of “Claudettes” but now a big red flag goes up every tim

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

a tenant tries to get too lovey dovey.

Here’s an example. One day I was wearing an Eagles sweatshirt (the year they went to the super bowl) while fixing a leaky sink. The tenant, who already

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

Professional from academic institutions, pharmaceutical industries, health care indust

was on thin ice, saw her opportunity and seized it… “Eagles! Oh yea, a fellow Eagles Fan!”… With high five locked and loaded she came traipsing into the kitchen. Being a loyal E-A-G-L-E-S fan

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

I threw up my own high five…. CLAP! And I responded, “now Terry, where’s my rent?”

Long story short, as landlords we don’t have to be unapproachable and cold but we do need to be on the look

.

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

out. We need spot the occasional parasite tenant who wants to feed off an over friendly landlord. The bank asks that you pay your mortgage by the 16th of the month. No amount of friendly chatt

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

Companies that provide selfless information through particip

r will get you out of paying the mortgage on time. And that same friendly chatter shouldn’t influence you in collecting the rent when it is due. Always be a landlord first, and a friend second

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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