Advice You - Finance

Whether you’re a first home buyer, a property investor or you just want a change of scenery, house hunting can be an exhausting and confusing experience … but it does not have to

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

be. With a little careful planning and forethought, it can actually be a pleasure!

1. Be realistic: Before you start house hunting, determine your budget by figuring out what y

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

Examples of combination products may in

u can afford in monthly mortgage repayments. Allow for ongoing maintenance costs, rates, family expenses (such as schooling), holidays, insurances and other living expenses.

2.

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

et pre-approval: If possible, have your bank or mortgage broker obtain a pre-approval for a home loan. This will determine how much you can afford to spend and enable you to make

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

a genuine offer when you do find the house of your dreams.

3. Needs versus wants: You may want a seven-bedroom, five-bathroom house with a heated pool, four-car garage, gourme

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

Combination pro

kitchen and spectacular water views, but do you really NEED it? A spare room might be nice, but if your budget is tight it may not be affordable right now, so think carefully ab

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

ut what you need before you start house hunting.

4. Make a checklist: Write down the features — interior and exterior — you want in your new home and take the list with you on y

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

ur inspection tour, marking each item with a score from 1 to 10. Features might include the size of the property, condition of the bathrooms, proximity to schools, etc. Again, ma

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

e sure your checklist includes things that are most important to you.

5. “Snap” it: Take a camera to capture a quick image of each house that could suit you. This will help you

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

o recall what you’ve seen at the end of the day. It’s also a good idea to carry a small note book and record details about each property that may not be included in advertising o

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

promotional material.

6. Don’t rush: Buying a home can take time, research and careful thought, so don’t make a decision just because you feel pressured, tired or emotional. Ca

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

Following aspects would a

refully weigh the pros and cons of each property you inspect and then — and only then — if it suits your requirements, make an offer. Keep in mind the property that suits your re

dd to the challenges in developing combination products:

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

uirements may also be the first one you see.

7. Get a second opinion: Before you make a final decision it’s a good idea to have the property inspected by a professional building

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

and pest inspector. They can point out any faults you may not have noticed, including problems in the roof, foundations, walls or general construction.

8. Other costs: Before yo

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

make an offer, find out how much the rates or other maintenance expenses are on an annual basis, then add these to other expenses to determine how much you can afford to spend (

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

ee point one).

9. Look at potential: When looking at a property, try to look past old d?cor, peeling paint or overgrown landscaping and focus instead on its layout and size. Cos

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

Professional from academic institutions, pharmaceutical industries, health care indust

etic shortcomings can always be fixed once you buy the house.

10. Be competitive: When you find the house that suits your needs (as opposed to your wants) make an offer that is

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

air and in line with the current market. Keep in mind you’re probably competing against others to buy the house, so a reasonable initial offer will let the seller know you’re ser

.

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

ous.

* Jennifer Schelbert Dip. Fin. Serv. /FinMBM is a director of Mrs. Mortgage, a licensee for Choice Aggregation Services, a member of COSL and a Full Member of the Mortgage

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

Companies that provide selfless information through particip

inance Association of Australia.

Disclaimer: This article is for information purposes only, and must not be relied upon as a substitute for professional services or legal advice

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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Many of you may have been exposed to the original online stock scheme where spammers will send out stock picks on penny stocks creating buzz that artificially drives up the price of these worthless stocks. As the price hits the daily high the spammers liquidate their own holdings and walk away with the profits leaving those buyers with the worthless stock. This old fraud scheme has been manipulated and redirected at users of public computers specifically hotel users.

Paying careful attention to a prospective customer's title can be a powerful way to develop rapport and increase sales. Here's an example of how that can work.

How often do you come across a website, read the content, and immediately realize it hasn't been updated in months or years? Don't make the same mistake.

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