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You’ve seen it on TV thousands of times. Flip this house. Flip that house and so on. It’s been all over television for the past few years. At the same time you’ve been getting postcards in the m

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

ail and seen advertisements in the newspaper to attend the seminars that will teach you how to do it. You’ve probably been to at least one of those seminars as I think half the country has.

They s

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

Examples of combination products may in

re do make it sound easy don’t they. And it sure does look easy on TV. Most of the time anyway. They buy a home for pennies on the dollar. Call up a bunch of guys and a few weeks later you’ve go

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

t a brand new home worth a hundred thousand dollars more than you paid for it. Take out the fifty thousand it cost you for the work and after having one open house you’ve sold it and put fifty thou

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

and dollars in your pocket.

Then of course there’s the couple’s, usually husband and wife who do all the work themselves. They budget twenty thousand dollars for the materials and about 3 months f

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

Combination pro

r the week and it ends up costing them forty thousand and taking six months. Interesting enough, they still “profit” sixty thousand. Of course, it’s never revealed whether that profit takes into a

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

ccount the six months of mortgage payments and the sales transaction costs. I expect their profit is closer to thirty thousand.

Still not bad right? What there not showing you is the dozens of ot

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

ers who were followed around by cameras and who ended up losing their shorts, or if they were lucky, got to work for free for six months and break even. What is also not shown on the programs and i

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

n the seminars is that most of the markets where the flips were successful the markets were appreciating at double digit paces, so no matter how bad your numbers, you were still destined to make a p

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

ofit.

What’s not reported is that those who make a reasonable profit at the fix and flip game are very few. And, there are only certain markets that will allow for it. For instance, the opportuni

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

ies in Charlotte, NC are much different than those in Colorado Springs. Those markets not in double digit appreciation have a much more difficult time profiting from flipping.

There are a number

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

Following aspects would a

of factors you must account for when analyzing a property to flip. When looking at a property (and most likely you’re looking at a single family home) you need to start by determining what you can

dd to the challenges in developing combination products:

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

sell the home for when all the work is done. Take that number and subtract how much it will cost you to do the work materials and labor, even if you’re doing the work yourself. Remember, always pa

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

y yourself for whichever role you’re in. You’ll be wearing many different hats and your time is valuable and you must be paid for everything.

Then subtract your financing and carrying costs. Ever

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

thing from what it cost to take out a loan to the mortgage payments you’ll make to utilities and taxes. Then subtract your sales costs. Everything from commissions to marketing expenses to title i

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

surance. Subtract a variance of about ten percent because you’re numbers are not always precise and this is the maximum amount you can afford to pay for the property.

This is where most people fai

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

Professional from academic institutions, pharmaceutical industries, health care indust

l. They either start from the bottom and work their way up. Meaning. They just pay full price for the home, add on their expenses and put the property on the market for “what they need.” This is

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

a formula ripe for failure. And this is why we see so many of these homes still on the market. If a home isn’t priced according to market, it just won’t sell.

The point of all this is. If you’re

.

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

considering jumping on the fix-n-flip bandwagon, do so with caution. Make sure you’ve included all the numbers. Pay yourself as an investor and as labor. And, solicit the advise of a real estate

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

Companies that provide selfless information through particip

professional. The few thousand dollars it may cost for their help is like insurance against losing tens of thousands of dollars. If not more.

Until next time, you can find me at http://roseusa.co

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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There is a huge gap between the conventional way of earning a living and the work from home way of creating a life.

With the infinite amounts of information being passed on the internet today, credit card frauds are happening in the information superhighway at an alarming rate. Though a lot of financial information attained for the use of credit card fraud are from the internet through means of phishing, a common and overlooked area of obtaining critical financial information is from within a company. Most businesses handle sensitive information.

The California home market is one of the most expensive in the nation. California is home to twenty of the top twenty-one most expensive areas in which to buy a home. However, with good planning and money management skills, you can afford to own your own home in this exciting and beautiful state.

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