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Top Articles - The Home Inspection - You Shouldn't Buy A House Without One
Home inspections are done after your offer has been accepted.
Generally, you make an offer contingent on the property passing
its home inspection. Basically, the home i
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
nspection is to protect
you and the seller in case there happens to be something wrong
with the house. It should give you a good idea of what you are
about to purchase,
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
what problems you may encounter, and allow you
time to negotiate the sales contract with the new information that
you have gained about the house.
A thorough home inspec
A thorough home inspec
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
ion would include checking electrical,
plumbing, gas and water lines in addition to individual outlets,
light sockets and faucets. The foundation, roof, windows, siding,
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
attic or crawl space would be inspected. The air
conditioning/heat unit should be inspected. In other words, a
thorough overall inspection of the house should be done.
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
The home inspector will arrive with a home inspection checklist or a home inspection worksheet. These detailed documents will list every item that needs to be inspected
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
Go to Google and
type "free home inspection checklist" to see the extent of what
the home inspector will be looking at.
No house is perfect, so expect to have at lea
No house is perfect, so expect to have at lea
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
t a few potential
problems uncovered by the inspector. Once the inspection has
been completed and you have reviewed the report, you need to
decide if any of the uncover
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
d problems need to be fixed and by
whom. You can ask the seller to fix the problems -- which the
seller may or may not do.
When negotiating with the seller, consider wh
When negotiating with the seller, consider wh
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
t type of market
you are in --- has the market been slow? Are the houses sitting on
the market a long time? Or are there multiple offers on houses
within hours or days?
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
If the real estate market has been slow and the house has been on the market for a while, you should be in a stronger position to negotiate with the seller regarding the
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
issues brought up by the
home inspection.
On the other hand, if the house has multiple offers, the seller is in the stronger position. If you really want the house, th
On the other hand, if the house has multiple offers, the seller is in the stronger position. If you really want the house, th
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
nk
carefully about your options before accepting it without the
seller fixing the problems. Is the problem bad enough that you
would want to pass up on the house all to
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
ether? Or are they
problems that can be fixed relatively easily?
Think of your financial situation. For instance, if you are getting a good deal on the house you are
Think of your financial situation. For instance, if you are getting a good deal on the house you are
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ooking at, would it be
less expensive to replace the roof yourself on this house than to
lose the house to another buyer and possibly end up paying more
for a house tha
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
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
does not need a new roof?
An important aspect to remember, is that, as with all people you may hire for a job, home inspectors come with a wide range of qualifications.
An important aspect to remember, is that, as with all people you may hire for a job, home inspectors come with a wide range of qualifications.
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
Ask your realtor for recommendations and then ask
the home inspector yourself about their qualifications, methods,
and approach. Ask to see the home inspection checklis
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
the
inspector will use and ask how long the inspection will take. A
thorough inspection should take several hours or more to
complete.
Use the information in the i
Use the information in the i
.
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
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
spection to make a sound, well-
grounded decision about the house you are planning to buy.
Whatever you do, don't let your heart lead you to make a poor
decision when y
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
ur head is telling you to look at the facts and
move along. The home inspection is just one more tool that will
help you find and purchase the home that is right for you
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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