Advice Pool - Real Estate

Getting a survey before you close on any real estate is very important.

Some people ac

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

tually buy real estate without having a survey done. It is not a requirement from the f

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

Examples of combination products may in

nancial institute, so does that mean you don't need one?

By getting a survey you wil

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

not only get a blueprint of your property you will get your property lines marked out

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

for you. Most importantly, you will find out if there are any infringements on your p

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

Combination pro

operty like a neighbors fence, a neighbors tree, a neighbors driveway, etc.

A survey c

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

n tell you many things.
It will disclose any easements you might have on your pro

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

perty. Easements can be a fire lane or an access road for the local Power Company. Th

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

se easements cannot be blocked, built on in anyway to prevent the lanes from being acce

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

sed. You could have a city or county easement on your road front property anywhere from

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

two to ten feet into your yard you might not know of. This gives the city or county use

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

Following aspects would a

of this property for power lines, phone line and even city water drainage. Although yo

dd to the challenges in developing combination products:

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

might have to mow this lawn the city has the rights to its use.

A survey will show yo

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

if your property has a right of way for the property behind your property. A right o

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

f way is incorporated onto your property and must be available to the property owner be

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

ind you to get to and from their property.

If the survey conveys a property infringeme

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

Professional from academic institutions, pharmaceutical industries, health care indust

t you can delay the purchase until the infringement is moved or back out of the deal

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

if necessary. Easements will not be removed.

A survey can and will give you peace of m

.

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

nd and knowledge about your property preventing any unexpected surprises later. Know

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

Companies that provide selfless information through particip

edge saves you money and anxiety.

You decide if you should buy real estate without one

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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Advice Pool - Do I Need A Real Estate Survey?

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