Advice You - Finance

The way that a Home Equity Loan and a Home Equity Line of Credit are different confuses a

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

lot of people when they are looking for ways to release the Equity in their home. They are

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

Examples of combination products may in

very much different and we are going to look at the two and how they differ from one anot

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

er.

A Home Equity Loan is a loan where the home owner can borrow against the Equity that

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

is in your home. (Confused already?) OK lets break it down a little. When you borrowed aga

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

Combination pro

nst your home you took out a loan for the cost of say 90% of the value of the property. (T

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

his means the 10% that you put down is already your Equity) After paying your mortgage off

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

for a number of years you can get your home revalued, if the price of your home has gone u

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

p then you have more collateral than you started with. For example if you take the total a

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

ount left to pay on your mortgage away from the amount that your home is currently valued

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

at and you get the Equity that is in your property.

A HELOC (Home Equity Line of Credit)

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

Following aspects would a

is also known as an Open End Home Equity Loan (We think that because it didn't sound good

dd to the challenges in developing combination products:

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

s OEHEL they used HELOC but that is a different story). This is where the home owner can b

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

orrow against the property in a more flexible manor. For example the sum on the Equity is

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

s above, but the amount you borrow and the number of times you can borrow are different. L

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

ets say you are putting your child through college, you can arrange for a HELOC and take t

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

Professional from academic institutions, pharmaceutical industries, health care indust

e sum required (as long as it is inside your agreed credit limit) each semester to pay tui

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

tion fees.

So to sum up a Home Equity Loan is where you have a fixed sum once that you pu

.

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

your home up as collateral against the loan and a HELOC is a line of credit that you can

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

Companies that provide selfless information through particip

borrow against as many times as you like up to the limit of that particular line of credit

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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