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When you make the decision to buy a home, there are a number of things you need to keep in mind. Here is a quick gu

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

ideline to the basics that should help you get it right.

Things to Consider When Buying a Home

When most people t

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

Examples of combination products may in

ink about buying a home, the immediately start envisioning how nice it will be to own the property, the life events

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

that will occur there, how they can improve it to meet their tastes and so on. This is a natural tendency, but it

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

s the wrong way to look at a home.

When purchasing a property, you need to ditch the emotions. It is time to be co

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

Combination pro

ld and calculating. Yes, the property will be part of your life for at least a few years, but you eventually are go

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

ng to need to resell it. You want that sale to be at a profit. Here are a couple of guidelines that will help you 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

void a bad decision.

1. Do not purchase the most expensive home on the block. Try to purchase near the low end and

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

upgrade. This will help you realize appreciation on your property and grab a nice slice of profit when selling.

2.

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

Always try to buy in the best school district. This is true even if you do not have kids and have no intention of

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

very having them. Remember, potential buyers of your property may very well have children and they will be looking

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

Following aspects would a

n areas with good schools.

3. Whenever possible, try to stick to three or more bedroom properties. Yes, that two b

dd to the challenges in developing combination products:

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

edroom is cute, but most buyers are looking for something bigger. Again, we come back to the issue of kids.

4. Buy

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

a newer home. The older a home, the more potential buyer’s will be suspicious there is something wrong with the pro

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

perty. The only real exception to this is an older home that is unique or has been extensively remodeled.

5. Locat

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

on, location, location. As if you did not know this one. It is the oldest clich? in real estate, but also the most

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

Professional from academic institutions, pharmaceutical industries, health care indust

accurate. Never, ever buy in a bad location. Always buy in the best location you can possible afford.

6. Go ahead

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

nd buy! Property prices fluctuate a bit, but property is always a good investment over time. Don’t spend endless am

.

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

ounts of time waiting for the market to drop to some price level you have in mind. It may not.

Obviously, there ar

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

Companies that provide selfless information through particip

lots of issues that go into purchasing a home. If you stick to these basic guidelines, however, you should do fine

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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