Advice You - Finance

There are two issues that will be taken into account by the lender, they’ll verify your income and probably request a down payment.

Wait

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

ing period

There is a waiting period you’ll have to face after bankruptcy has been discharged. Most lenders will require that 3 years ha

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

Examples of combination products may in

ve gone by since the discharge before even considering granting you a loan. During this time you should make sure your bills are paid on

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

time and you don’t fall behind payments, so when you finally apply for a loan your credit will have improved considerably and you’ll be a

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

ble to get a home loan without the need of money down.

Down Payment

If you intend to get a mortgage loan before this waiting period, yo

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

Combination pro

u’ll need to meet very strict requirements. You’ll have to show that you haven’t missed a single payment nor you have late payments at al

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. You’ll also be required to provide a down payment in order to get approved. You’ll have to put as much as 10% of the property value do

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

wn. If you can’t provide a down payment it is quite difficult to get approved but there are still other options.

You can always borrow t

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

he money from family or friends. You can always repay them since when you get the home loan you’ll be able to request a home equity loan

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

as you’ll by then own the property. Bear in mind though, that some lenders are reluctant to accept down payments not raised directly by t

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

he applicant and you are obligated to reveal this information, so you might as well ask the lender before making such a move

There are p

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

Following aspects would a

rograms that can help you with down payment too. These basically provide the seller the ability to help the buyer with the down payment w

dd to the challenges in developing combination products:

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

hich is otherwise strictly prohibited. You can ask your real estate agent for this information as they are surely able to provide it. Som

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

e lenders are also reluctant to accept this kind of transactions, but you can always try.

Another option is to apply for government gran

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

ts, there are grants specially designed for helping people in this kind of situations. Consult with local offices and with your real esta

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

te agent weather you qualify or not for such aid. As opposed to the previous options, government grants do not need to be repaid so they

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

Professional from academic institutions, pharmaceutical industries, health care indust

should be the first solution to consider as you could save thousands not only by not paying back the principal but also by avoiding inter

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

ests.

Where to find information

You can find all the information, contacts and figures online by searching the net, but if you feel you

.

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

need some guidance you can always seek professional help. You can contact your real estate agent or you could join some of the online si

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

Companies that provide selfless information through particip

tes that provide access to many home loan lenders and government grants. That way you can solve this issue from the comfort of your home.

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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