Top Adding - Real Estate

You feel the time has come for you to buy a house.

Before you start looking around for a suitable house to buy, you will have decided on your exact needs in terms of space

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

and amenities, will have worked out your budget and at least tentatively tied up loans/mortgages, etc. All these are issues of hard facts and can be tackled in a pretty stra

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

Examples of combination products may in

ight forward manner.

But there is one question which is emotional and needs a little soul searching. Do you want to buy - an old house or a new house?

Let us draw a balanc

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

e sheet of the pros and the cons of the old house and the new houses.

Modern new houses are generally designed to use space more efficiently and provide more amenities such

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

as bathrooms, kitchen space, etc. as compared to the old houses. They are designed for technology-rich modern life and have adequate provision for modern gadgets like telep

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

Combination pro

hones, computers, etc throughout the house. Modern architecture and equipments such as heating/ventilation, etc are more energy efficient, resulting in lower energy bills. S

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

ince they are generally a part of a large housing complex, they will have provision of swimming pools, golf course, clubs, etc. Being new, it is obvious that they will requi

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

re very little repair and maintenance expenditure for a few years. In any event, new houses are generally covered by a one year warranty.

New houses are built in less devel

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

oped areas and being a part of a housing complex will not have any “character”; all houses will be practically identical. In such a housing complex you cannot be very certai

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

n of the type of neighborhood you will have. There will be restrictions on renovations and modifications you may wish to make. New houses are generally costlier due to escal

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

ting land costs and labor costs. Even though the repair and maintenance expenses will be less, you may have to pay common house owners association charges.

Old houses (we a

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

Following aspects would a

re not talking of “ancient” houses) are generally situated in well developed neighborhoods with schools, banks, marketplaces, entertainment centers in the vicinity. The neig

dd to the challenges in developing combination products:

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

hborhood is already being lived in. Old houses, about 15 year old, were generally what we can term as “single family houses”, they were not a part of large group housing or

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

housing complex and so had a certain character of their own. Being old, lived-in houses, they come with developed landscaping. Use of a large amount of woodwork and high cei

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

lings, etc lent a certain ambience of leisure and luxury to the old houses. Old houses are generally situated on prime property and may have good resale value. Old houses ar

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

e comparatively less costly; also their prices are generally negotiable.

But after all old houses are, well, old! Old houses were not designed for the modern life and may n

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

Professional from academic institutions, pharmaceutical industries, health care indust

ot have the provision for telephones, computers, etc. that modern homes use. The buildings as well as the equipment such as heating/ventilating equipment, etc. may not be as

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

energy efficient as in a modern house. The regular repair and renovation of an old house can be a burden unless attended to before purchase. Some people may feel comfortabl

.

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

e with the lived-in character of an old house; others may shun away from the personality of the old owner that the old house may show.

There are non-tangible factors such a

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

Companies that provide selfless information through particip

s character, modernity, etc involved in this comparison and ultimately it is your personal preferences that will decide whether you opt for an old house or a brand new house

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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Ever sit down to write an article for your ezine and be at a loss as to what to say? It happens to the best of us, so I thought I'd share some of the ways that I get unstuck when that happens to me.

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