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Top Articles - You Must Get A Home Inspection
Why do people buy a home without getting a home inspection? Could it because they are sadistic or they don’t mind burnin
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
g money. A home inspection should be on the top of your list for things to do before closing on a home. Lets explore th
; 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
downside of not getting a home inspection and then discover the upside.
Let’s look at some of the problems that could o
Let’s look at some of the problems that could o
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
cur if you don’t get a home inspection. The obvious problem is that something major is wrong with the house. Major prob
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
ems could be that the home has structural damage, termite damage, water damage, major roof problems, grading problems, el
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
ctrical problems, plumbing problems etc… There is nothing worse than buying a home with major problems and then having 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
pay thousands of dollars to get the problems fixed. Assuming that you can get the problems fixed. I have seen problems
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
that can’t be fixed and the home is a total loss. Don’t be the next victim, get a home inspection.
Of course there are
Of course there are
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
any minor problems that the home inspector could find. I am a real estate investor and every home I have bought I had in
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
pected before I bought it. Home inspectors spend on average three hours in the home. Typically they will spend one hour
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
outside the home and two inside. They will give you a report at the end of the inspection. Don’t expect them to tell yo
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
u how much repairs will cost. You will need to ask a contractor to make an estimate as to how much the repairs will cost
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
Once you have finished the inspection you are now armed with serious ammunition.
The upside of ordering a home inspect
The upside of ordering a home inspect
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
on before buying your home is you can ask the seller to repair everything on the list or reduce the price of the home bas
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
d on the repair cost. If you want to buy a $200,000 home and your repair cost are $10,000 you would ask the seller reduc
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
the price to $190,000. Let’s say you didn’t get the home inspection and paid the $200,000 for the home. After a couple
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
of months you realize there is something wrong with the roof. The contractor tells you that you need a new roof. You no
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
are faced with paying another $10,000 for the home. Your total cost without the home inspection is $210,000 versus the
.
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
otal with an inspection of $190,000. How long does it take you to make $20,000 spend able cash?
Bottom line is that you
Bottom line is that you
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
must get a home inspection before buying a home. For around $250 you could save thousands of dollars and a few headaches
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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