Top Adding - Real Estate

Considering a Real Estate / property purchase overseas?

A quick quide for you

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

to read before you sign or commit to anything- Please make sure you have confir

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

Examples of combination products may in

ed:

1) Who actually owns the property. Please, please don't take for granted t

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

hat the person trying to sell you the piece of real estate...actually owns the

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

iece of real estate. Verify title using your own (not the property developer's)

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

Combination pro

attorney. I would also strongly suggest you invest in title insurance. It's not

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

expensive.

2) The developer's background and experience. Ask what else he's d

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

ne. Go to see his other projects if possible.

3) The development timeframe. Wh

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

at is the schedule for planned infrastructure and improvements? Does it fit in

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

ith yourown time scales

4) The developer's capital adequacy. Does the develope

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

have the resources and financial resources to do what he's promising? This is

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

Following aspects would a

more important if no infrastructure is yet in place.

5) The plan for basic uti

dd to the challenges in developing combination products:

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

ities - electricity and water. If these services are not in place...when will t

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

hey be...and where will they come from

6) The distance from an improved major

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

oad.

7) Plans for the homeowners' association...and the related costs to you.

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

8) Any build requirements and other owners covenants. A build requirement isn't

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

Professional from academic institutions, pharmaceutical industries, health care indust

a bad thing...but you don't want to commit to building a house in 12 or 24 mon

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

hs without realising it.

9.) All associated carrying costs (property taxes, ot

.

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

her fees, etc.).

10.) If your physical presence is required for closing. If it

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

Companies that provide selfless information through particip

is, you may want to prepare a power of attorney so someone can stand in for you

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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Successive interest rate increases by the Fed have left everyone wondering what is going to happen next with Real Estate. Will the boom continue or is this the beginning of a gradual slow down?

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