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Finding your ideal home takes some work. Do you want a single-family home or a condo? How big a home and in which neighborhood?

Let’s begin by talking about different types of homes. Single-family homes

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

are typically detached houses on a single lot. The owner is responsible for all aspects of the property, including the interior, exterior and landscaping. A condominium, on the other hand, is a real esta

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

Examples of combination products may in

e project in which the individual owner holds title to a particular unit in a building. Most condos have a monthly Homeowner’s Association fee that may cover expenses such as exterior building insurance,

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

landscaping, pool and recreation area maintenance, trash, water and a reserve for future capital improvements to the property. Town houses are legally classified as condominiums, usually share at least one

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

common wall, but are generally situated in rows so there are no units above each other.

You’ve probably heard the old real estate adage, “Location, location, location!” The location or neighborhood you c

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

Combination pro

hoose will have the biggest impact on the price of the property. Whether you’re aiming for an exclusive blue-chip neighborhood or a lower-priced, emerging community, be sure to evaluate the area’s shoppin

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

and business services, entertainment, park and recreational facilities, public transportation, traffic congestion, noise levels, and the general ambiance. While some of these factors, such as the quality

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

of the school district, may not be important to you, they could significantly impact the home’s resale value.

Speaking of resale, the longer you stay in a home, the better chance you have to make money o

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

your investment. Generally, it takes at least three to four years to recoup buying and selling costs. Depending on how long you plan to stay in your home, make sure the home has the amenities that your

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

family requires. For example, a two-bedroom cottage may be perfect for a young couple with no children; however, before long, the couple could quickly outgrow the space.

Smart buyers know that one of the

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

eys to finding your ideal home is to prioritize your needs and your wants. Recognizing the difference between what you want and what you can't live without makes all the difference. Make a wish list of al

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

Following aspects would a

your "wants" including size, location and amenities. Unless you have unlimited financial resources, you'll have to compromise here and there. Chances are that the number of bedrooms you need to accommod

dd to the challenges in developing combination products:

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

ate you and your family is more important than the built-in barbeque or stained glass windows on your wish list. Keep your priorities in mind as you view homes with your agent.

It will likely take severa

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

weeks of research and legwork, but you will find a home that’s just right for you. Deciding how much to offer the seller and under what terms will make or break the deal.

Your agent should run a compara

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

ble market analysis for you on homes that have sold in the same neighborhood within the past year. Comparing the amenities, condition and location of similar homes that have already sold and then weighing

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

those factors alongside the current market is the first step to making a reasonable offer.

Next, decide how much you are willing to pay for the home. Part of your agent’s job is to try to negotiate a bel

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

Professional from academic institutions, pharmaceutical industries, health care indust

ow-market sales price. If you have your heart set on a house and you are prepared to overpay to get it, let your agent know.

One key to making a successful offer is to consider the seller’s motivations.

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

ave they already purchased another home? Is a relocation or divorce part of the equation? Perhaps the seller wants to close escrow within a certain timeframe; if so, are they willing to take less for th

.

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 home if you are willing to accommodate their requests.

Your offer to buy the home will be presented in a Purchase Agreement. The seller may submit a counter offer with his demands for price and terms.

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

Companies that provide selfless information through particip

ou can accept the counter offer or submit another counter offer. If and when you and the seller agree, the purchase contract and the counter offers are signed by both parties and escrow, or closing, begins

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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