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Once you’ve done your due diligence on the tax sale properties that you intend to bid on, it’s time to prepare to go to the tax sale. Preparing to go to the sale consists of registering to bid at the s

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

ale along with getting your paperwork and payment in order. In most states you need to register before the sale in order to bid. Depending on what state and county you are investing in, you may need to

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

Examples of combination products may in

register as far as two weeks before the sale, or you may be able to register as close to the sale as a few minutes before it starts. I’ve even been to some sales in New Jersey where latecomers are allo

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

ed to register and bid at the tax sale. Some municipalities do not require you to register ahead of time, only that you submit the proper paperwork if you are the successful bidder on a property.

Some

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

counties will require a deposit in order to register. The deposit amount could be anywhere from $100.00 to a few thousand dollars (as in the case of many online tax sales). Large deposits are usually r

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

Combination pro

turned to the investor if nothing is purchased at the sale. Smaller deposits are sometimes returned and sometimes not returned, depending on the county. Nassau County, NY, for instance, has a tax lien

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

ale that typically is 3 days long. They have a registration fee of $100 for each day that you intend to bid, and the registration fee is non-refundable.

You also need to make sure that you have the pr

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

per funds for payment before you go to the sale. For most tax sales, only certified funds are accepted. You need to figure out ahead of time how much money you think that you’ll need. This can be a lit

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

le difficult because you don’t know what properties are going to be left in the sale, and you don’t know if you will be the successful bidder on any of them. Sometimes you will be allowed time to go to

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

the bank and get payment after the sale. In this case, you will be able to go to your bank and get the certified funds in the exact amount that you need. When you’re not allowed the time to go to the b

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

nk, you will have to have the certified funds, made out to the county tax collector, with you at the sale. In this case, come up with your best estimate of what you think is the most that you will spen

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

Following aspects would a

and get certified checks made up in different denominations that total that amount. This way if you have to wait for a refund check from the county for your change, at least it won’t be a sizable amou

dd to the challenges in developing combination products:

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

t of money. Make sure you check with the tax collector a couple of days before the sale to find out what the acceptable form of payment is and whether or not you will be allowed to go to the bank and g

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

t a check after the sale.

Another thing that you’ll have to have with you for the sale is the proper paperwork. In some states you will have to fill this out when you register and in others you will n

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

ed to bring it to the sale. Most tax collectors will require a W-9 form and a bidder information sheet. The W-9 form is a standard IRS form and you can get it online at the IRS web site. The bidder inf

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

rmation sheet is usually filled out during registration and has your personal information, or your business information if you’re investing with a business name. This form is not standardized, and ever

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

Professional from academic institutions, pharmaceutical industries, health care indust

county may have a different form. For most tax deed states there is another form that you will have to fill out if you are the successful bidder on a tax sale property, and that is an affidavit of no

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

axes due for the county and/or state that you are purchasing a tax deed from. You see most counties will not sell a tax deed to someone who has unpaid taxes in their district. Sometimes a signed affida

.

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

it is all that is necessary, but in some states, like Texas, the county clerk has to sign off on a statement verifying the fact that you do not owe any taxes.

This is the sixth article in a series of

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

Companies that provide selfless information through particip

ight articles about how to build a profitable portfolio of tax lien certificates or tax deeds. If you missed the previous articles in this series you can read them at www.taxlienconsulting.blogspot.com

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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To be profitable, a business must charge more than its breakeven point for the services it sells. here is an article that will give you information you need to ensure proper calculations that will lead you to bigger profits.

When we make a sale, or take one step closer to meeting our goal, we are overcome with a felling of achievement which motivates us to sell more.

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