Top Adding - Real Estate

The exercise of buying a home starts by questioning yourself about your needs – needs regarding amount of space required, the amenities you need, the environment in which yo

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

u would like to live, whether you want a new house or an old house and the amount of compromise you are prepared to make on any of these points in preference to the cost. So

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

Examples of combination products may in

put away your dreams and put down on paper your basic needs. Living space

How many bedrooms and bathrooms to you need? What size kitchen, reception room, and hall do yo

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

u need? You need a storage room – what size? Do you need a garage or a parking space? You will require heating, water supply. You would like to have a small garden or a la

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

wn if possible. But put this down not as a need but as a desire. Location

Do you want to live in urban, suburban or rural area? The factors to consider will be your requir

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

Combination pro

ements of commuting, your preference for developed neighborhoods, your desire for privacy and cost. Urban areas are costlier, more noisy, will generally have higher crime ra

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

te and greater pollution; but in urban areas you will have the advantage of established neighborhood and civic amenities such as schools, banks, marketplaces, public transpo

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

rt, etc. Commuting will not be a problem.

As you move away from the urban areas and move towards rural –through suburban – areas the picture changes. Property cost starts g

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

oing down, environment becomes cleaner and less noisy; on the downside, established neighborhood starts vanishing, civic amenities become thinner. In any case, you will fi

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

nd more new houses in suburban and rural areas. Type of accommodation You have many alternatives to choose from.

Single family home or an apartment? Single family home wi

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

ll give you much greater amount of privacy, will have larger living space as well as space outside. But single family homes are much more expensive. If you prefer a single f

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

Following aspects would a

amily home, you may be restricted to looking for old houses Apartments are designed for efficient space utilization. They generally provide less space but by efficient space

dd to the challenges in developing combination products:

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

utilization provide all modern amenities in a home. They are more suited to modern life style. Apartments cost less, their maintenance and repair costs are low (since the c

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

ommon areas are maintained by the association or society). Your privacy, however, will be curtailed. You can opt for a new apartment or an old one. In case of old apartment,

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

apart from the lower cost you may have the advantage of getting into a neighborhood that is already in place and the infrastructure in the locality already established. Ne

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

w or old?

New homes are, well, NEW! They are new in construction and have all new fittings and fixtures. By design and construction new homes are about four times more ener

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

Professional from academic institutions, pharmaceutical industries, health care indust

gy efficient as compared to old houses. Since everything is new and generally covered by a builder’s warranty, your repair and maintenance costs are virtually zero at least

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

for a few years. If you buy a new home, you can move in almost immediately.

Old houses are cheaper. They have a character. With an old home, you may have to undertake a cer

.

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

tain amount of repair and renovation work. They are costlier on maintenance. What next? Your mind is now clear as to what you want in a home and the points on which compr

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

Companies that provide selfless information through particip

omises may be required and to what extent. Now it is time for you to look at your finances so that you could start fitting your needs and desires in a house within a budget.

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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