Top Adding - Real Estate

We all talk about the wonderful benefits of owning real estate. There’s the cash flow, the appreciation, the tax shelter and the equity build

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

up. There is also the pride of owning a portfolio of performing properties and the security of knowing that our future is financially secure.

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

Examples of combination products may in

There are so many benefits that sometimes we forget about the flip side of the coin. The risk!

A major issue often ignored by beginning real

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

estate investors is risk. While real estate produces a wide variety of attractive benefits, it can also carry with it a tremendous amount of r

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

isk. Wise and prudent property owners and operators know that to achieve the benefits, you must control the risks. As you buy and operate prop

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

Combination pro

erty consider carefully the following common risks:

Financial Risk; the risk of losing your money: Can you afford to lose your initia

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

l investment and possibly (although remote) that you will be required to payback all personally guaranteed loans even if the property has no r

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

evenue stream.

Operating Risk; the risk of damaging your property and operation due to a lack of professional skills: Do you have (o

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

r have access to) the skill set necessary to effectively operate the type of property you own or are buying. If not, you will never achieve hi

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

ghest and best use, and you have the possibility of impacting the property negatively to the point of insolvency.

Legal Risk; the ri

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

sk of not using the law to protect yourself: Have you done all you reasonably can to safeguard your personal interests by using proper legal f

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

Following aspects would a

orms of ownership, adequate insurance coverage, effective documentation and quality employees and contractors.

As with success in

dd to the challenges in developing combination products:

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

any business undertaking, the real pros in real estate know how to reduce risk and act accordingly. They understand the differences in the va

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

rious forms of ownership, insurance and operating processes and protocols. Many learn their lessons from the school of hard knocks. That is an

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

effective way to learn, but often time-consuming and expensive. You will be better served by getting the education you need and learning from

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

the mistakes of others, rather than make them yourself. By understanding the experience of others, you build a pool of mental references that

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

Professional from academic institutions, pharmaceutical industries, health care indust

will accrue to your long-term benefit. By learning and assessing both the risks and rewards of owning real estate, you will be better able to

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

make the decisions that will build your portfolio and achieve your goals, and less likely to find yourself mired in the tar pits of inexperie

.

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

nce and misinformation. When the needed elements are in place, your risk is greatly reduced and your reward exponentially more likely. Luckily

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

Companies that provide selfless information through particip

, with a little wisdom and planning you will be able to professionally minimize your real estate risk while maximizing your financial rewards.

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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This article explains some of the basics you need to know when shopping for home owner's insurance.

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